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 613 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
Tesla and SpaceX trade at the world's highest revenue multiples
“Both Tesla and SpaceX are the two highest, I believe, like, dollars per dollar of revenue, or whatever you want to do, like, things in the world.”
OpenAI burned $4 billion on $5.7 billion revenue in Q1 2026
“We reported, by the way, last night that OpenAI burned four billion in the first quarter on revenue of 5.7.”
U.S. government bans Anthropic foreign nationals from accessing frontier models
“The government's now said That foreign nationals inside Anthropic can't have access to it.”
Brown: PE HVAC roll-ups bought at 12x EBITDA are entering liquidation
“Literally people are buying HVAC companies for 12 times EBITDA. These are businesses that are like project based businesses, right? And now you're saying chapter seven liquidations of private equity backed HVAC things.”
Apple's Foundation Models Are Actually Distilled Google Gemini Models
“And what it looks like they've done here is just taken, you know, state of the art Gemini models, both the on-device local flavor, as well as the cloud flavors and distilled them for their own purposes into these, you know, quote, Apple foundation models. Whic…”
Paramount Is Currently in the Process of Buying CNN
“Paramount, which owns CBS, is in the process of buying CNN.”
Morin: SpaceX Allocated 5% to Directed Shares With No Lockup
“SpaceX reserved up to five percent of the IPO shares for a directed share program, which is people selected by the executive officers. And so they're offered at the IPO price and they have no post IPO lockup restrictions.”
Federal Reserve data shows US AI adoption growth flattened recently
“Did you guys see that the fed introduced their latest data about AI adoption growth and it's actually been flat or linear, nearly flat for the last three months.”
Uber COO sees little ROI after CTO exhausted annual AI budget
“So the CTO almost, almost bragged about blowing through the AI budget in the first few months of the year. Then the COO over the weekend in a podcast said that I think that this led to a bunch of internal meetings and that he, this is Andrew McDonald, did not …”
Lessin: SpaceX has filed its S-1, targeting June 12 IPO
“Well, and also we have SpaceX IPO S one is out confirming numbers previously reported by the information. June 12th, guys, is the rough date for liftoff.”
Dave Morin: Dell created desktop capable of running 1T parameter models
“They've also got a Desktop that can do a one trillion parameter model, which is pretty amazing. We had it on stage with us.”
Jessica Lessin: Andrej Karpathy has officially joined Anthropic
“Did you guys see Karpathy went to Anthropic?”
Lessin: White House briefed AI companies on pre-release model reviews
“Well, anyway, it's gotten to the point where they held a briefing for the companies yesterday. So that, that is saying, talking about plans to pre-review, which obviously would be a sea change for this administration.”
Jessica Lessin: Microsoft Restructured and Sidelined Mustafa Suleyman
“They actually restructured and like pushed him aside. Like they've had like many reorgs.”
Morin: ChatGPT has not topped 800M users and growth is declining
“ChatGPT itself still isn't beyond eight hundred million people, and it's declining in growth right now.”
Lessin: Trump administration is considering Biden-style AI pre-training reviews
“We are now seeing a Trump administration seriously considering, essentially taking a Biden approach to AI regulation, which was much more hands-on, which was contemplating reviewing models and training ahead of time.”
Lessin: Greg Brockman's OpenAI stake is worth about $30 billion
“You know, it also came out that Brockman's stake is worth about thirty billion dollars, which is a point that he was just grilled on and asked, well, why haven't you donated it?”
OpenAI court filing reveals Elon Musk approached Brockman about a settlement
“OpenAI also revealed in a filing that Musk had approached them about his, Brockman, about a potential settlement two days before.”
Meta is tracking all employee computer activity and keystrokes
“Meta now tracking everything its employees do and all the keystrokes that they do on their computers.”
Lessin: Boom Supersonic pivoted to supplying turbines for AI data centers
“And then AI, I think AI probably helped them with this, that they have a turbine they can use to run data centers, power for data centers. So they're not a supersonic company. They're just a jet engine company because they couldn't get anyone to sell them jet …”
Morin: Anthropic cut off OpenClaw access for Claude Pro and Max users
“And days later, Anthropic announced that they are shutting off access for Claude Pro and Max users who are Open Call users to use their product.”
Rauch: Vercel rerouted Dubai region after two AWS availability zones were droned
“Our region in Dubai got taken offline because of war. You know, two of our availability zones hosted by AWS were droned. So we had to reroute an entire region”
Brit Morin: Andreessen Horowitz and Thrive are raising from the Middle East, not universities
“Andreessen Horowitz and Thrive are raising from, like, the Middle East, and not necessarily, like, universities at this point.”
Lessin: Thiel, Page, and Sacks Opened Austin Offices Over CA Wealth Tax
“Anyway, this is why we saw Peter Thiel, Larry Page, David Sachs open Austin offices in the last 10 days or thereabouts.”
Jessica Lessin: US permitted Nvidia H200 China sales with government cut
“The H 200, Trump allowed it to be sold to China, but there's this big question of will Chinese companies buy it? He, of course, is gonna, the US government is gonna take a percentage of the sales.”
Sam Lessin: Anthropic Is Now a $350 Billion Company
“Anthropik's now a three hundred fifty billion dollar company.”
Jessica Lessin: Blue Owl is pulling out of a major Oracle project
“Blue Owl is pulling out of a big Oracle project.”
Brit Morin predicts Apple will acquire a major AI company like Anthropic
“Speaking of Apple, I think they come back next year, both in the AI realm, like they're going to make either one big acquisition, like an topic.”
Lessin predicts hundreds of journalists will lose their jobs to AI
“I think like hundreds of journalists are going to lose their jobs to AI.”
Jessica Lessin asserts that OpenAI is definitely not pausing its advertising
“Guys, they're so not pausing ads.”
Jessica Lessin: Altman warned OpenAI staff 'vibes are going to be tough'
“We published a memo week or so ago, or details from a memo, quotes from a memo in which Sam Altman, ahead of the Gemini launch, but clearly when the team had been testing it, needed to rally his troops. And he said, the vibes are going to be tough out there. O…”
Lessin: White House drafting executive order to preempt state AI regulations
“White House working on an exec order that would foil state AI regulations.”
Dave Morin: Hyperscalers are moving all data center spend off-balance sheet
“Good timing as all of these hyperscalers are moving all of the data center spend off of their balance sheets.”
Lessin: The Information reported weak margins on Oracle GPU rentals
“We reported on Oracle some of their numbers around renting out GPUs and the margins don't look great.”
Dave Morin: Data center spending accounted for half of 2025 US GDP growth
“Like in the first half of this year, Data center related spending. Which, like you said, they're like these giant buildings full of GPUs accounted for half of GDP growth in twenty-twenty-five.”
Jessica Lessin: Oracle's infrastructure AI revenue margins are 'really bad'
“The margins on this revenue for Oracle are really bad. They are not software margins. They're not even normal infrastructure margins.”
Lessin: Judge Chastised DOJ and Cited AI in Google Antitrust Ruling
“The judge even chastised the DOJ for requesting Chrome to be spun off, saying that was such an extreme move and that the other remedies they were asking for would have like crippled the industry. And the highlight of it all is that they said Gen AI changed the…”
Brit Morin: Returns for startup founders 45 and older beat younger cohorts
“But statistically, the returns of founders that are like, 45 and up, they're so much higher than those like 20 to 35.”
Britt Morin: Donald Trump's AI policy bans state regulation for a decade
“He's banning states from actually getting into any AI regulations over the next decade. He's centralizing federal control over AI regulation.”
Britt Morin: Half of teenagers talk to an AI companion every day
“Half of teens are talking to their AI companion every day.”
Sam Lessin: Tesla will not receive robotaxi regulatory approval this year
“You forgot the most important line, which is you're not going to have regulatory approval.”
Britt Morin: 31% of teens find AI companions as satisfying as friends
“31% of teenagers now are saying that their conversations with AI companions are as satisfying or more satisfying than talking with real friends.”
Dave Morin: ChatGPT's daily time spent is nearing Instagram's
“I saw a chart last week that ChatGPT is now nearing Instagram's daily time spent.”
Jessica Lessin: OpenAI CFO stated advertising will become part of business model
“Their CFO is out there saying advertising is going to be a part of our business model publicly.”
Lessin: Anthropic has surpassed $4 billion in annual recurring revenue
“We reported yesterday the information that Anthropic is at more than four billion in ARR”
Jessica Lessin: State attorneys general ruled OpenAI cannot become for-profit
“It still is a non-profit. The AGs of the world have decided they cannot become a for-profit, so.”