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VOICE ARCHIVE

Byrne Hobart

@byrnehobart
45 posts
2026-02-05
Google's capex guide this year is higher than their cumulative capex from founding through the end of 2021.
2026-02-05 View on X
Financial Times

Alphabet increases its 2026 capex forecast to between $175B and $185B, above ~$120B est. and up from $91.4B in 2025; Q4 capex was $27.9B, vs. 14.3B in Q4 2024

Search giant reports more than $400bn in annual revenue for the first time  —  Google said it plans to double its capital expenditure …

Google's capex guide this year is higher than their cumulative capex from founding through the end of 2021.
2026-02-05 View on X
Alphabet

Alphabet reports Q4 revenue up 18% YoY to $113.83B, above $111.43B est., Cloud revenue up 48% to $17.66B, vs. $16.18B est., and net income up 30% to $34.46B

MOUNTAIN VIEW, Calif. - February 4, 2026 - Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended December 31, 2025.

2026-02-04
Due to an editing error, today's newsletter casually mentioned that the selloff in enterprise software is overdone. I intended to say that on a day when IGV wasn't down more than 5%.
2026-02-04 View on X
Wall Street Journal

Software and data stocks plunge over fears that new AI developments will supplant software; ADBE fell 7.31%, CRM 6.85%, and Thomson Reuters 15.83% on Tuesday

From Legalzoom.com and Expedia to Ares and Apollo, shares of companies that sell or invest in software fell sharply on Tuesday

2025-08-19
Welcome back to the arena, @chamath ! https://www.sec.gov/...
2025-08-19 View on X
PitchBook

American Exceptionalism Acquisition, a SPAC led by Chamath Palihapitiya and focused on energy, AI, DeFi, and defense, files for a US IPO, seeking to raise $250M

American Exceptionalism Acquisition Corp. A 25,000,000 Class A Ordinary Shares … Steve Goldstein / MarketWatch : Chamath Palihapitiya warns ‘no crying in the casino’ as he launches...

2025-07-24
Google processes 980tr tokens per month. At the price per token GPT-3 charged at launch, this would cost ~$70bn/month, or over 2x Google's monthly revenue, for much lower-quality outputs. LLM deflation is happening fast!
2025-07-24 View on X
Alphabet

Alphabet reports Q2 revenue up 14% YoY to $96.43B, vs. $94B est., net income up 19% to $28.2B, operating income up 14% to $31.27B, and Services revenue up 12%

MOUNTAIN VIEW, Calif. - July 23, 2025 - Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended June 30, 2025.

2025-07-23
The LLMs have quietly developed the ability to be Proust characters. I wonder if these numbers somehow analogize to smell. When you think about it, a smell is an incredibly potent psychoactive that affects everyone differently.
2025-07-23 View on X
Anthropic

Anthropic and other researchers detail “subliminal learning”, where LLMs learn traits from model-generated data that is semantically unrelated to those traits

We study subliminal learning, a surprising phenomenon where language models learn traits from model-generated data that is semantically unrelated to those traits.

2025-04-10
People are saying Trump “blinked,” and while he did cut tariffs on almost every country, he also raised them for China. So technically he winked.
2025-04-10 View on X
CNBC

President Trump pauses tariffs on most countries for 90 days, setting a 10% “lowered Reciprocal Tariff”, and sets 125% tariffs on China “effective immediately”

- President Donald Trump announced a 90-day pause on the full effect of his new tariffs for at least some countries.

2025-04-07
I once made what turned out to be a dumb mistake that moved a large-cap stock a couple percent. But if the Hassett headline really is a misquote from the interview that's now floating around, Walter Bloomberg did that for the entire stock market.
2025-04-07 View on X
CNBC

US tech stocks fall for a third session after US tariffs: Apple, Tesla, Meta, Amazon, Microsoft, and Alphabet drop; an X post caused stocks to jump temporarily

Technology stocks teetered in volatile trading Monday as President Donald Trump stood by his sweeping global tariff plans following last week's devastating selloff.

I once made what turned out to be a dumb mistake that moved a large-cap stock a couple percent. But if the Hassett headline really is a misquote from the interview that's now floating around, Walter Bloomberg did that for the entire stock market.
2025-04-07 View on X
Wired

Nintendo of America President Doug Bowser says the company is “actively assessing” the impact of US tariffs, which “weren't factored into” its Switch 2 pricing

Nintendo of America president Doug Bowser tells WIRED the company is still figuring out how to address tariffs …

2025-03-08
More seriously, this is the best way a crypto reserve could have gone: just take existing crypto on USG's balance sheet and declare it a crypto reserve! Wrote about it a while back: https://www.thediff.co/... ($) [image]
2025-03-08 View on X
Cointelegraph

Trump signs an EO to establish a Strategic Bitcoin Reserve and a Digital Asset Stockpile using BTC and other digital assets forfeited in criminal or civil cases

Now, Trump wants to create a crypto “strategic reserve.”  (1/2) @theangrydonkey : Earlier this week, Trump announced the names of five digital assets he expects to include in this ...

You can now permanently (well, until January 20th, 2029) lock up the supply of the cryptocurrency of your choice. Just use it for crime, and be sure to get caught.
2025-03-08 View on X
Cointelegraph

Trump signs an EO to establish a Strategic Bitcoin Reserve and a Digital Asset Stockpile using BTC and other digital assets forfeited in criminal or civil cases

Now, Trump wants to create a crypto “strategic reserve.”  (1/2) @theangrydonkey : Earlier this week, Trump announced the names of five digital assets he expects to include in this ...

2025-03-07
More seriously, this is the best way a crypto reserve could have gone: just take existing crypto on USG's balance sheet and declare it a crypto reserve! Wrote about it a while back: https://www.thediff.co/... ($) [image]
2025-03-07 View on X
Cointelegraph

Trump signs an EO to establish a Strategic Bitcoin Reserve and a Digital Asset Stockpile using BTC and other digital assets forfeited in criminal or civil cases

US President Donald Trump signed an executive order to establish a Strategic Bitcoin Reserve “just a few minutes ago,” says crypto tsar David Sacks.

You can now permanently (well, until January 20th, 2029) lock up the supply of the cryptocurrency of your choice. Just use it for crime, and be sure to get caught.
2025-03-07 View on X
Cointelegraph

Trump signs an EO to establish a Strategic Bitcoin Reserve and a Digital Asset Stockpile using BTC and other digital assets forfeited in criminal or civil cases

US President Donald Trump signed an executive order to establish a Strategic Bitcoin Reserve “just a few minutes ago,” says crypto tsar David Sacks.

2025-03-04
Happy CoreWeave S-1 Day to all who observe/celebrate. https://www.sec.gov/... 121x increase in capex from 2022-24
2025-03-04 View on X
CNBC

Cloud-based Nvidia GPU provider CoreWeave files for an IPO on the Nasdaq under CRWV and says 2024 revenue was up 737% YoY to $1.92B and it had an $863M net loss

CoreWeave, a provider of cloud-based Nvidia processors to companies including Meta and Microsoft, is headed for the public market.

2024-12-22
Take the Nvidia bear case where OpenAI does this entirely on their own silicon. You still have to assume that Jensen has already gotten phone calls from people collectively representing $100bn+ in annual capex.
2024-12-22 View on X
TechCrunch

OpenAI unveils o3 and o3-mini, trained to “think” before responding via what OpenAI calls a “private chain of thought”, and plans to launch them in early 2025

12 Days of OpenAI: Day 12 Naomi Li Gan / Tech in Asia : OpenAI unveils AI model for advanced reasoning Bojan Stojkovski / Interesting Engineering : OpenAI unveils o3 reasoning AI m...

Of all the weird things this market cycle, Nvidia trading at roughly the same price it was when the OpenAI announcement hit has to be the weirdest.
2024-12-22 View on X
TechCrunch

OpenAI unveils o3 and o3-mini, trained to “think” before responding via what OpenAI calls a “private chain of thought”, and plans to launch them in early 2025

12 Days of OpenAI: Day 12 Naomi Li Gan / Tech in Asia : OpenAI unveils AI model for advanced reasoning Bojan Stojkovski / Interesting Engineering : OpenAI unveils o3 reasoning AI m...

Pretty good odds in my opinion that come Monday morning, a few people are going to realize that they took a comically expensive early vacation. Maybe I'm wrong, but this seems light a straightforward victory for team trendlines-on-log-graphs.
2024-12-22 View on X
TechCrunch

OpenAI unveils o3 and o3-mini, trained to “think” before responding via what OpenAI calls a “private chain of thought”, and plans to launch them in early 2025

12 Days of OpenAI: Day 12 Naomi Li Gan / Tech in Asia : OpenAI unveils AI model for advanced reasoning Bojan Stojkovski / Interesting Engineering : OpenAI unveils o3 reasoning AI m...

2024-12-21
Of all the weird things this market cycle, Nvidia trading at roughly the same price it was when the OpenAI announcement hit has to be the weirdest.
2024-12-21 View on X
TechCrunch

OpenAI unveils o3 and o3-mini, trained to “think” before responding via what OpenAI calls a “private chain of thought”, and plans to launch them in early 2025

OpenAI announced its new o3 models on Friday.  —  In a tweet ahead of its final livestream for its …

Take the Nvidia bear case where OpenAI does this entirely on their own silicon. You still have to assume that Jensen has already gotten phone calls from people collectively representing $100bn+ in annual capex.
2024-12-21 View on X
TechCrunch

OpenAI unveils o3 and o3-mini, trained to “think” before responding via what OpenAI calls a “private chain of thought”, and plans to launch them in early 2025

OpenAI announced its new o3 models on Friday.  —  In a tweet ahead of its final livestream for its …

Pretty good odds in my opinion that come Monday morning, a few people are going to realize that they took a comically expensive early vacation. Maybe I'm wrong, but this seems light a straightforward victory for team trendlines-on-log-graphs.
2024-12-21 View on X
TechCrunch

OpenAI unveils o3 and o3-mini, trained to “think” before responding via what OpenAI calls a “private chain of thought”, and plans to launch them in early 2025

OpenAI announced its new o3 models on Friday.  —  In a tweet ahead of its final livestream for its …