The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 3,439 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Elon Musk and Tesla Failed at Building Wafer-Scale Chips for Dojo
“And after we did it Elon tried Dojo and they failed.”
Feldman: Nvidia Has Zero CUDA Software Lock-In for AI Inference
“In inference, it's not real at all. There's no CUDA lock-in in inference. None. Well, you can move from OpenAI on an NVIDIA GPU to Cerebrus to Fireworks Service on something else to Together to perplexity with 10 keystrokes. I mean, anybody who actually uses A…”
Tenev denies Robinhood colluded with hedge funds to restrict meme stock trading
“The idea that somehow the most wrong thing was this allegation of collusion that we're somehow colluding with hedge funds that we have no business relationship with to somehow restrict buying of these stocks. Yeah, I think that was just wrong.”
Andreessen: Companies falsely blame AI for corporate layoffs
“And now they all have the silver bullet excuse, right? Ah, it's AI. Right, and I know this for a fact, because number one, I talk to them, but number two, I know this for a fact, because AI until, like, literally until, like, December, right, was not actually …”
Siemiatkowski: Klarna cut headcount by 50% to under 3,000 employees
“We've gone from 7000 people. We're now below 3000. We've shrank 50%.”
Cahn: Chip makers finance AI buildouts to book revenue circularly
“The chip companies are now stepping up and saying, okay, we'll absorb some of the risk. We'll put in the capital to finance this build out where the demand on the other side is not so clear because of course the chip companies also get to book this as revenue.”
Benioff: Salesforce cut support headcount from 9,000 to 5,000 via AI agents
“And to that point, I've been able to reduce the number of human agents I have in support From about 9000 to about 5000.”
Tenev: Robinhood enabled private stock tokenization without target company opt-in
“And so I think it's important for the tokenization mechanism to work. Without the opt-in of the companies that, that are being tokenized. And I think that's actually the innovation that we've been able to drive. Like we can, we figured out how to make this wor…”
Scott: Frontier AI models diagnose health issues better than average GPs
“It is already the case that I think the frontier models are probably better like health diagnosticians than Your average GP is”
Hoggett: Most UK companies listing in the US perform poorly or delist
“In the last 10 years, only 20 UK companies have listed in the US that have raised over a hundred million. Of those, nine have already delisted, only four are trading up and the rest are trading down by over 80%.”
Oscar Pierre Faces a Potential Six-Year Prison Sentence Over Glovo's Labor Model
“And unfortunately, the, yeah, the country where we suffer from regulation the most is Spain. I'm not going to go into the details, but it's so extreme that I'm now in a criminal process for so the, yeah, the prosecutor, the general attorney accused me with six…”
Mollick: OpenAI's $3B revenue run rate is largely an accident
“I mean, they're incidentally making three billion dollar run rate this year, I think by like just accident, but there isn't like a, there isn't really a product there right now.”
Proposed EU AI Regulation Would Make All Existing LLMs Illegal
“One of the percent of the LMs that were trained these last three years would be illegal in Europe.”
Didi and the Chinese Government Had Full Access to Uber's Data
“It became very clear that everyone had all our data. Didi knew everything we were doing whereas, like, Lyft and Uber always knew what each other were doing, because we were watching each other, we're friends, things like that, but, like, we never had each othe…”
Holland: Excessive burn rate killed Fast, not investor Stripe
“Having Stripe as an investor isn't what killed our company. Having too high a burn is what killed our company. There's just no other way to put it.”
Ed Baker: Uber secretly ran India test against CEO orders, doubling conversion
“We decided to run a test In Hyderabad, India, where we said, let's let riders request their first ride without putting a credit card number in. In fact, we were told by our CEO not to run that test because he felt so strongly against it, but we had so much con…”
Reyes: Chinese AI models show no unique security backdoors versus US models
“For me, the Chinese models specifically have demonstrated no examples where they have some sort of security risk or backdoor compared to American models.”
O'Driscoll: OpenAI is lobbying in Washington for AI regulation alongside Anthropic
“They're signing this publicly while at the same time lobbying in Washington right alongside Anthropic for a regulatory process.”
Lemkin: OpenAI and Anthropic Lied About Books and YouTube Training Data
“Open AI, an anthropic, Kind of lied about the books, and they definitely lied about training on YouTube”
Lemkin: OpenAI and Anthropic yield 40-70% gross margins on enterprise inference
“They have an enterprise base, which is, it has, you know, between 40 and 70% in, you know, gross margin just on inference.”
Randle: Frontier AI models can now autonomously execute cyber attacks
“Zooming out, I think the most important thing in all this Is that we step back from Anthropic and realize that the models are to place now, whether they're from Anthropic or elsewhere, where they can autonomously find and chain multiple vulnerabilities togethe…”
Anthropic lobbied heavily for US AI export controls
“And definitely like companies like Anthropic lobbied very hard for it.”
Foody: Investor Spread False Rumors of China Accessing Mercor Data
“Think of one person that's very prominent who's invested in multiple competitors and just, like, made this tweet about how all of our data was getting accessed by China when it was totally untrue.”
O'Driscoll: xAI Rented Colossus Cluster to Anthropic for $1.25B Monthly
“They've rented that to Entropic for 1.25 billion a month, right, with a, I think, a ninety-day cancellation clause on either side.”
Peets: Anthropic offered sales reps $1.2M compensation packages
“Like if Anthropic, for example, when they were at their three 80 valuation, they were offering reps, call it a 1,000,002.”
O'Driscoll: Anthropic Management Stating November Target for IPO
“They're saying they're going public in November”
Stebbings: Altman Offered $2M in OpenAI Tokens to Every YC Startup
“Sam Altman just offered two million dollars In open AI tokens to every YC startup in the current batch in exchange for equity.”
Stebbings: Anthropic secondary market pricing has reached $1 trillion
“Every dollar wants its home in Anthropic right now, and it's caused secondary market prices to surge to a trillion dollars for Anthropic.”
Stebbings: Sequoia and top VCs announce misleading blended valuations
“The amount of Sequoia rounds where it's like, oh, you know, X raises money from square five billion. Trust me, Sequoia got in at one, but they just club it together and then announced the sum and then the latest valuation. And it's just very misleading.”
Steckman: Anduril builds cruise missile airframes like bathtubs using contract manufacturers
“The cruise missile we build, the actual airframe is built like you build a bathtub. And so we can take advantage of tons of contract manufacturers in the United States that can actually build a bathtub, right?”
Stebbings: Cursor doubled revenue from $1B to $2B in three months
“Cursor announces their movement from a billion to two billion in revenue in, in three months. Rumors of secondary round being done at fifty billion.”
Monday.com replaced 100-person inbound SDR team with AI agents
“We had a team of about a hundred SDRs and we now doing, doing it with agents. A hundred percent is being done with agents. We move those SDRs to do outbound.”
Swisher: Anthropic reached $9B ARR while growing 800%
“If you look at Anthropic, right, publicly available numbers, nine billion of ARR growing 800%.”
Lemkin: Anthropic revenue surged to 64% of OpenAI's in 14 months
“Anthropic said it's hundred K customers are up seven X in the last year. So there's not enough time to steal deals. Having said that, going from five percent of OpenAI's revenue to 64% in 14 months, that is stealing budget.”
Lemkin: The shelf life of a state-of-the-art LLM is under 100 days
“There is a very simple bear case that it goes almost to zero which is that shelf life of an LLM is less than a hundred days.”
Chang: Energy companies claiming 100% renewable tariffs are lying
“So any energy company that's claiming their harm sent renewables is a complete lie. Right. They're simply buying renewable certificates, right, to claim the harm sent renewables, and it's completely false.”
O'Driscoll: Enterprise AI revenue is $16B vs $400B in CapEx
“End users in the enterprises are spending about fundamental data 15, sixteen billion dollars on AI. And the people who make AI are spending four hundred billion dollars on quote, making AI, right?”
Lemkin: Sam Altman receives zero equity in OpenAI's corporate restructuring
“They're a little interesting, but the craziest thing in this deal, because it's unprecedented, I think in our lifetimes is OpenAI said that Sam Altman will still have no shares in the combined entity.”
O'Driscoll: AI model companies spend $300B to $400B on compute
“Because if you think about it, these model companies have grown faster than any company in human history. They're spending three, four hundred billion dollars on compute. They're probably spending three, four billion dollars on RLHF, and they were spending zer…”
O'Driscoll: Venture returns over last 5 years massively trailed public markets
“The truth is the venture return over the last five years has been massively lower than the public market returns.”
Ross: NVIDIA will produce ~5.5M GPUs this year despite 50M die capacity
“If Nvidia wanted to, they could build fifty million of those GPU die, Per year. But they're going to build about 5.5 million GPUs this year.”
Lemkin: OpenAI Stole YouTube Videos to Train AI Models
“This isn't even stealing YouTube videos like OpenAI did.”
O'Driscoll: AI scaling laws unlocked $600B in annual CapEx spend
“I think I underestimated the impact of A, the scaling laws in AI and B, the ability of primarily Altman and some other folks to inspire belief in those scaling laws and unlock six hundred billion of CapEx spend a year.”
Halligan: Morgan Stanley and Fidelity aligned to lower HubSpot's IPO price
“I don't think there was collusion going on, but definitely Morgan Stanley and Fidelity were on the same side of the table trying to get us to sell at a lower price.”
Databricks rejected a $10M on-premise deal from JPMorgan to stay cloud-only
“They're like, we'll give you ten million bucks to put this, and at the time, we're less than a million, like our whole first-year target's like ten million, to put it on-prem. And Ali was like, no way, we're not doing anything on-prem.”