Keep pulling the thread on Thinking Machines.
NVIDIA's current high level of capital expenditure investment is expected to continue for the next four to five years.
NVIDIA's recent announcement of $1 trillion in demand was not new information for the market, as it aligns with existing analyst forecasts for the next two to three years.
Jason predicts that NVIDIA will achieve a cumulative $10 trillion in bookings within the next five years.
Jason predicts that the total volume of AI inference will increase by three orders of magnitude in the next five years.
Meta is reportedly considering a 20% workforce reduction, which would amount to laying off 16,000 of its 79,000 employees.
Rory asserts that Meta's free cash flow is almost zero when accounting for its massive capital expenditures on compute, despite maintaining 40% operating margins.
Jason predicts that by Q2 2026, non-technical generalists will be able to successfully deploy and win with AI agents.
Anduril secured a 10-year, $20 billion contract with the U.S. Army to consolidate over 120 separate procurement actions into a single enterprise agreement.
Jason believes that many early-stage venture funds will generate terrible returns because they will overpay for the third or fourth-place companies in large TAMs, resulting in numerous zeros.
Travis Kalanick has rebranded his companies, City Storage Systems and Cloud Kitchens, into a new entity called Atoms, which will focus on building robots for food, mining, and transport.
Adobe's CEO, Shantanu Narayen, announced his resignation concurrently with an earnings beat, after which the company's stock declined.
Rory believes Adobe faces a high disruption risk over the next five years because AI is creating entirely new workflows for content creation, putting Adobe in a position of playing catch-up.