Alphabet Class A Stock (GOOGL)

It looks like Broadcom ($AVGO) is already back for another fix. It really makes me wonder how there is enough savings in the world to do this, although the Treasury market is telling you there isn’t: Broadcom CDS Explodes As It Seeks Up To $100 Billion In Massive Off-Balance Sheet Debt Deal At any rate, …

Has AI become worse than debilitating and inflationary? The first obvious problem was destroying kids, who are already in trouble, who started to use it for their homework, and this is the result: I teach calculus at Berkeley. Some of my students can’t do middle school math Then, because it is so resource intensive and …

Jeez Louise … now Alphabet ($GOOGL) needs to sell debt in Australia to fund the AI spend? This could imply that Alphabet is worried the U.S. debt markets inability to supply what they need at the price they want. It is all so odd. On top of the fact that Alphabet and the rest of …

Two definitions of irony: * Softbank needs to use their stock in OpenAI to fund their next investment into OpenAI: SoftBank Uses OpenAI Stake to Borrow $10 Billion Google ($GOOGL), who actually in theory has money needs to sell more debt to fund their investments into AI, and credit spreads blow out further. * Microsoft …

This chart is pretty good on tokens: https://openrouter.ai/rankings?view=month A few observations: * Looking at the chart, token UNITS interestingly seem to be really flattening overall. * Re chart later in this note, token pricing is cratering. In part because unit growth is slowing, in part because the current pricing is dis-economic for customers, and in part …