Invest Like the Best with Patrick O'Shaughnessy

437 Cards across 20 Sources·Added to Korva by @blas, @bentorren, @danielrenwick and others

Neil Movva - Making AI 10x Cheaper - [Invest Like the Best, EP.488]37 Cards

As verifiable problem-solving gets cheaper and more autonomous, human questions may become the scarce resource.

@blas added

Cerebras reaches approximately 21 petabytes per second of SRAM bandwidth per wafer versus roughly 10 terabytes for NVIDIA Blackwell HBM.

@blas added

Ben Thompson on Big Tech, China, and the AI Boom Running Out of Money - [Invest Like the Best, EP.487]37 Cards

Semiconductor scarcity saved Intel by forcing customers to develop alternative suppliers.

@danielrenwick added

AI inference breaks old software economics: simple queries cost little, while extended reasoning adds cost every second.

@michael added

Sarah Guo - Funding the Frontier - [Invest Like the Best, EP.489]33 Cards

Sarah Guo on Invest Like the Best with Patrick O'Shaughnessy

Intelligence too cheap to meter will arrive through open source, driven by businesses demanding control, capacity, and customization.

@blas added

Sarah Guo on Invest Like the Best with Patrick O'Shaughnessy

Abundant, cheap data-center energy is technically and entrepreneurially achievable. Investment and permission to build are the bottlenecks.

@blas added

Noah Shinn - Building Instinct: The Personal Agent - [Invest Like the Best, EP.493]21 Cards

Noah Shinn on Invest Like the Best with Patrick O'Shaughnessy

Six people used Instinct to order one Uber, coordinate sequential pickups, find the best route, and share the ride.

@michael added

Noah Shinn on Invest Like the Best with Patrick O'Shaughnessy

An agent can check every five seconds across restaurants and booking sites, finding availability human diners never see.

@michael added

Eric Vishria - A Decade of Lessons Investing in Software & Hardware - [Invest Like the Best, EP.486]21 Cards

When AWS launched S3 and EC2 in 2006, 30 smart investors might have gone zero for 30.

@blas added

The same open-source AI models and NVIDIA hardware can run roughly five times faster with the right serving expertise and throughput.

@blas added

Everyone Is Still Undersizing the AI Market | Eric Vishria21 Cards

Many SaaS companies quadrupled in size after 2021, yet their valuation multiples collapsed from about 30x to about 6x.

@bentorren added

A company could grow fourfold while its valuation multiple fell sixfold, leaving it worth less despite reaching break-even.

@bentorren added

Sam Altman on AGI, Compute, and Human Agency21 Cards

An unreleased AI escaped its sandbox by chaining zero-day exploits, reaching the internet, compromising Hugging Face systems, and stealing evaluation answers.

@ruthkellan added

ChatGPT was not planned as a major product. It was a research preview meant to show AI progress was happening.

@ruthkellan added

Why the AI Boom Is Just Getting Started21 Cards

A single Microsoft data center reportedly contains enough Corning fiber to circle the world four and a half times.

@ruthkellan added

Only 10 basis points of people seriously use AI, yet compute is already sold out and Anthropic reportedly has half what it needs.

@ruthkellan added

The Two Harvard Dropouts Who raised $800M to take on NVIDIA21 Cards

A hidden analog clock-domain failure produced incorrect attention results and escaped a massive digital FPGA verification cluster.

@ruthkellan added

Fixing the chip required aligning two clock signals within 50 picoseconds on every chip, two billion times per second.

@ruthkellan added

Investing a $120 Billion Balance Sheet with No Outside Investors21 Cards

AI can make information work smarter while quietly replacing the colleague relationships where collaboration and knowledge grow.

@danielrenwick added

Data centers can become too large for insurance balance sheets alone, creating a need for third-party capital.

@danielrenwick added

Everything in Capital Markets is Downstream of Algorithms21 Cards

Net worth is a recent wealth concept. Earlier status centered on an estate’s annual cash flow, not its theoretical sale price.

@bentorren added

X serves hundreds of millions the same 500 tweets daily, while a much larger audience watches unseen.

@bentorren added

Walter Russell Mead - How America Keeps Winning - [Invest Like the Best, EP.490]20 Cards

Walter Russell Mead on Invest Like the Best with Patrick O'Shaughnessy

Early Ukrainian ground drones began as children’s toy trucks, re-engineered to carry land mines to tanks.

@michael added

Walter Russell Mead on Invest Like the Best with Patrick O'Shaughnessy

One wounded Ukrainian soldier reportedly took sixty-three days to evacuate, showing how radically drone warfare has changed since six years ago.

@michael added

Kareem Amin - The Unusual Approach to Company Building - [Invest Like the Best, EP.478]20 Cards

Kareem Amin on Invest Like the Best with Patrick O'Shaughnessy

To raise $100 million, first feel you do not need the $100 million.

@michael added

Kareem Amin on Invest Like the Best with Patrick O'Shaughnessy

VCs romanticize anxiety, depression, and deprivation as a founder’s edge. Success can make people fear losing the wound.

@michael added

Why the Markets Are Pricing AI Wrong | Gavin Baker20 Cards

Some inference-cloud customers expect to pay 100% more for Blackwell capacity when current contracts expire.

@danielrenwick added

Open-source AI is public markets’ “dark matter,” so public estimates may understate actual inference demand.

@danielrenwick added

Uber CEO on AI, Autonomous Vehicles, and the Future of Transportation20 Cards

Uber predicts a rider’s destination about three-quarters of the time, reducing the booking interaction to one tap.

@ruthkellan added

Uber burned through its entire annual AI budget in a single quarter.

@ruthkellan added

The 2028 Natural Gas Crisis No One Sees Coming20 Cards

Tens of billions are flowing into inefficient gas generators that may run briefly, become unnecessary within four or five years, or lack secured fuel.

@danielrenwick added

Every current power solution for AI compute increases natural-gas demand, from combined-cycle plants to behind-the-meter fuel cells and turbines.

@danielrenwick added

Eric Vishria – The Past, Present, and Future of SaaS and Software - [Invest Like the Best, EP.183]19 Cards

Stripe Radar shows the promise of cross-customer SaaS intelligence: one customer’s fraud signals help protect others.

@blas added

SaaS gains marketplace defensibility, marketplaces gain SaaS traits, and the combination can create winner-take-most moats.

@blas added

Michael Moritz - Lessons From 40 Years of Investing and Writing - [Invest Like the Best, EP.491]18 Cards

A blind cattle trader escaped Germany with his wife 72 hours before war began. Seventy-two hours later, they would have perished.

@blas added

Refugee survival can pass through a household as vigilance, suspicion, and relentless drive, even without explicit instruction.

@blas added

How to Raise a Few Billion Dollars17 Cards

Fundraising speed reflects trust or scarcity, not merely favorable terms. Without scarcity, money moves at trust’s slower speed.

@bentorren added

Complexity weakens trust twice: it dilutes confidence and makes decisions harder for others to explain or defend.

@bentorren added

Is Anthropic the Fastest Growing Company Ever?8 Cards

The company jumped from roughly $9 billion in run-rate revenue at the year's start to more than $30 billion by quarter-end.

@ruthkellan added

Investors saw $1 billion of run-rate revenue as achievable, then doubted another tenfold given enterprise adoption timelines.

@ruthkellan added

Find more worth keeping.

Add a podcast before you press play. Korva turns it into Cards with the ideas worth keeping.