POV building a startup in Europe: Government knocks on your door on a Wednesday morning and interviews every single employee to make sure they dont work more than 40 hours per week (not kidding). No wonder Europe is hollowed out and we've become clowns compared to the US & China.

I am turning MAX BULLISH right now. Just like a river boat gambler holding his last chips I’m looking at the landscape and thinking fuck man we are in the fast take off stage right now. I want to put it all max levered long on the high beta names and walk off into the orange glow of the sun. My bullishness has absolutely nothing to do with the math problems that are being solved most of them don’t matter that much. But it’s more the realization that every AI lab just had. They all woke up and said wait a minute what are we doing selling $200 a month subscriptions to idiots who are making slop apps and nonsense substack articles when we can just subsidize a few super geniuses by giving them real compute to work on an important problem. No one really cares about navier stokes besides some CFD simulation cycles. But what if we put these compute resources on real valuable problems? That opens up a whole new world. The bull case for AI has always been to me discovering new drugs or even verifying they work/don’t work reliably… I was thinking way way wayyyy too small. There are hundreds of problems in engineering that if you got the experts in the room with real compute and even if they made a marginal improvement it would be worth hundreds of billions to the economy. Imagine we can build a steep slope device at 0.3V that’s worth like several generations of lithography nodes, or we can design a sub 100 femtojoul/bit optical IO and cut datacenter power by 40%, or even something as simple as more energy efficient molecular separation to replace distillation which is like 15% of all industrial energy use. This is the real shit guys. The labs are realizing quickly this is the REAL frontier this is the final land grab. Open source can never compete here because they don’t have the capital and resources this plays right into the labs hands. They can’t give everyone a 10,000 agent swarm but they definitely can give it to Exxon mobile and charge them $50M dollars for it if it means they find more oil or Dow Chemical to create a new kind of super glue or to Moderna to computationally create different mRNA therapies… the list goes on and on. A big reason why I never cared much for AI is despite all the normies going googoo Gaga over it is that literally they don’t have any clue what to do with it. Like if you were mediocre before AI you are mediocre after it, nothing changed u just got more skills that you don’t know how to use and you have no imagination or intuition. It’s the same reason why education is a waste on the majority of the population because let’s be real most of you aren’t going to be deriving differential equations or using epistemological concepts on your day job. But you give this kinda compute and unfettered AI in the hands of people who are world class. They will cook. It’s the reason why Deepmind has a Nobel prize and no other lab does because deepmind actually hired or worked with the top biochemists and biophysicists to develop alphafold. AI alone isn’t going to discover anything. Don’t fool yourself and grow up already if you still think AI is going to just figure out large scale nuclear fusion on its own then you are simply lost in the sauce at this point and are beyond saving. The pragmatic answer has always been use the AI to automate the busy work and keep the human experts for the actually thoughtfulness and intuition. I think the AI labs will wake up now and realize selling coding tokens and image models to normies to make Disney characters isn’t the best business in the long run. Actually using the compute for real serious innovation is and it’s really easy to monetize this upfront. I expect AI labs to stop looking like API companies and start looking like real research labs now. Thank god.

You seem to be trying to use logic here. Let me explain what is going on Anthropic makes AI progress -> SaaS goes down 5% You're welcome

BREAKING: President of the European Commission, Ursula von der Leyen introduces EU Inc. President of the @EU_Commission says: "With EU Inc. we are making it drastically easier to start and grow a business all across Europe" The @euinc_petition is designed to create a new EU-wide corporate entity, like a Delaware LCC in the United States, giving firms full access to the ​EU single market and avoiding the patchwork of 27 national corporate laws. European Commissioner ⁠Michael McGrath says: "We need to incentivise companies to stay in Europe and encourage those who once looked elsewhere to return" The movement was Co-Founded by @andreasklinger and spearheaded by a number of European technology advocates including @MarvinTBaumann.

Inside @google, we have a system for sending small bonuses to peers that helped us out. It's used often, and builds a culture of gratitude. We added an AI tool that scans your chats, emails, whatever and generates a report that shows who helped you the most lately. So handy.

chat control gone ✅ eu-inc coming ✅ single european financial market coming ✅ gdpr being revisited ✅ the sleeping giant is waking up

Hitting our PR in Iran💪

Friedrich Merz wiederholt, dass mit Work-Life-Balance und 4-Tage-Woche der Wohlstand nicht beibehalten werden kann. Wie sehr er an den eigentlichen Problemen vorbeifliegt, zeigt dieser Post perfekt. So als müsste ein Pferd nur schneller galoppieren, um gegen ein Auto mitzuhalten.

German Chancellor Merz: We are simply no longer productive enough. Each individual may say, “I already do quite a lot.” And that may be true. But when you return from China, ladies and gentlemen, you see things more clearly. With work-life balance and a four-day week, long-term prosperity in our country cannot be maintained. We will simply have to do a bit more.

Imagine looking at this chart and then thinking building the front-end of the app was the hard part of scaling a multi-sided marketplace

We’re about to witness three of the largest IPOs in history. SpaceX is targeting $1.5t. OpenAI aims for $1t. Anthropic is valued at $380b. Combined, $2.9t in market cap. The scale is unprecedented. But the real problem isn’t the market cap. It’s the float. Typical IPOs offer 15-25% of their shares to public markets. This creates enough liquidity for price discovery while allowing founders & early investors to maintain control. Facebook floated 15%. Google floated 19%. Alibaba floated 15%. At a 15% float, here’s what these three IPOs would require :

JUNE 2028. The S&P is down 38% from its highs. Unemployment just printed 10.2%. Private credit is unraveling. Prime mortgages are cracking. AI didn’t disappoint. It exceeded every expectation. What happened?​​​​​​​​​​​​​​​​ citriniresearch.com/p/2028gi…

As a YC founder I've now watched 2 close friends build multi-billion dollar companies. Here's a few things that surprised me: 1/ it can be anyone There's nothing special about these guys. They're smart, committed, and work hard. But they're not geniuses. They just figured it out as they went. There's often a perception that unicorn founders are special cases or natural geniuses. In reality, they struck on something and held on for dear life as it started to get it's own legs. 2/ growth creates spend, not the other way around When you compare a unicorn to a slower growing company you realize something interesting. A slower growing company is spending to increase growth while a fast growing company is spending to support it. Meaning that unicorn companies often have more demand than they can deal with. Their product clicked and demand spiked - they're spending to keep up, holding on for dear life. The mistake founders make is thinking that headcount and spend is creating that growth. It's not. It's supporting the demand that already exists. 3/ momentum is everything The most fascinating thing watching these two work is how they utilized momentum. Every day, every week, every month, every quarter, every year. They'd take the momentum of the last and use it to fuel the next. Whether that's press, investors, feature builds, or anything in between. It felt like every move they made compounded into next one. They got initial momentum and continued to fuel it until they hit the finish line. 4/ build your own path Frankly - when I first saw their products - I thought they were stupid. In fact, they were stupid and looked nothing like the current versions. It doesn't matter what someone like me thinks. Build your own path, make your own product, and find your way - just like they did.

EVs are going to win.

I was quoted in a Bloomberg article today. To think $TSLA has a $1.2 trillion market cap based on stuff that doesn't work or exist, let alone doesn't make money