Land of the Free. Amazing 🇺🇸

Every single AI startup with $10B valuation and $100M revenue run rate: Crusoe - $10B Mercor - $10B ElevenLabs - $11B Baseten - $11B* Harvey - $11B Lovable - $12B* OpenEvidence - $12B Mistral - $14B Nscale - $14.6B Fireworks - $15B* Sierra - $15.8B Moonshot - $20B Perplexity - $22.6B Cognition - $26B Scale - $29B** DeepSeek - $52-59B* Cursor - $60B* Waymo - $126B** xAI - $250B** OpenAI - $852B Anthropic - $965B 21 total companies. *rumored / unannounced **not fully independent

Amazing

Nvidia is pulling off the most sophisticated financial loop in tech history. They invested $40 BILLION in its own customers in just 5 months. Here's why this could blow up the entire AI economy: Nvidia generated $97 billion in free cash flow last year. Instead of sitting on it, Jensen started writing checks to every company in the AI supply chain. Not small checks. We're talking about billions at a time. And almost every single one of those companies turns around and spends that money on Nvidia chips. Follow the money: $30 billion into OpenAI. OpenAI is one of Nvidia's largest GPU customers and spends billions annually on Nvidia hardware through cloud providers. $2 billion into CoreWeave, a company that exists exclusively to rent out data centers full of Nvidia GPUs. $2 billion into Marvell for silicon photonics that connects Nvidia systems. $2 billion into Lumentum for optical tech that powers Nvidia data centers. $2 billion into Coherent for the same thing. $2 billion into Nebius, an AI cloud company deploying Nvidia infrastructure. $3.2 billion into Corning, the glassmaker building three new US factories specifically to make fiber optic cables for Nvidia's next-gen systems. $2.1 billion into IREN, a data center operator that just agreed to deploy 5 gigawatts of Nvidia-designed infrastructure. And the list goes on. Every single recipient either buys Nvidia chips directly, builds infrastructure that runs on Nvidia chips, or manufactures components that go inside Nvidia systems. Matthew Bryson, an analyst at Wedbush Securities, said in a research note that Nvidia's dealmaking fits "squarely into the circular investment theme." Bloomberg even published an entire interactive feature this week titled "AI Circular Deals: How Microsoft, OpenAI and Nvidia Keep Paying Each Other." The piece maps how capital flows between the same handful of companies and gets counted as revenue multiple times along the way. But here's the part that makes this genuinely complicated: Nvidia's $5 billion investment in Intel from September is now worth over $25 billion. That's a 5x return in months. Their private company portfolio went from $3.4 billion to $22.3 billion on the balance sheet in a single year. They booked $8.9 billion in gains from equity investments alone. So when critics say "circular investing," Nvidia can point to Intel and say "we turned $5 billion into $25 billion, this is just smart capital deployment." And they're not wrong. Some of these bets ARE paying off like crazy. The real question is whether Nvidia is a chipmaker that happens to invest, or a venture fund that happens to sell chips. Because right now Jensen is doing both at a scale that has never existed in the semiconductor industry. No chipmaker in history has EVER invested $40 billion in its own ecosystem in five months. Last fiscal year Nvidia invested $17.5 billion in private companies. Their SEC filing literally says those investments include "AI model companies that purchase its products directly or through cloud service providers." They're saying it themselves: We invest in companies that buy our products. On Nvidia's last earnings call, Jensen told investors their investments are focused on "expanding and deepening our ecosystem reach." Translate that from CEO-speak and it means " we're funding the companies that fund us. The bull case says Nvidia is building an unbreakable moat by financing the entire AI supply chain and ensuring it all runs on Nvidia hardware. The bear case says this is the most elaborate circular revenue scheme since the subprime mortgage era and it all breaks apart the moment one domino falls. Both cases use the exact same evidence.

Why is Nvidia stock going up?

The Milankovitch cycles have been Earth's heart pacemaker for millions of years. Orbital mechanics have dominated throughout. Cyclical shifts from icy glacial to warm interglacial periods - then back again - are not due to CO₂. They are a direct mechanical consequence of Earth’s positioning in space relative to the sun. The three anomalies, known as the Milankovitch cycles, are 'eccentricity' (orbital shape), 'obliquity' (Earth's tilt), and 'precession' (a planetary wobble). These cycles dictate the distribution of solar insolation flux (sunlight), particularly at 65°N, which acts as the kill switch for ice sheets. Earth is now in the Late Cenozoic Ice Age Glaciation; oddly unnoticed in a crisis about planetary warming. Global cooling is far more significant. An already cooling climate intensified 34 million years ago with the glaciation and geographical isolation of the Antarctic continent. CO₂ is not the driver nor has it initiated the many warm interglacial cycles. Even the previous glacial period, known as the Eemian, was 2 degrees warming on average than today, yet CO₂ did not shift from a steady 295 ppm. If the sheer tilt and wobble of the planet provided the energy to retreat miles of ice, then CO₂ was at best a faint secondary feedback in this process, nothing more.

Free for next two days

15,000 years ago, the American West held massive inland seas... Lake Bonneville and Lake Lahontan. Today, they’re mostly gone. No industry. No emissions. Just natural climate variability driving huge changes. Climate has never been static, and pretending we can fine-tune it with policy is not science, it’s hubris. Worse, those policies often restrict affordable energy… keeping billions in energy poverty. Reliable energy means clean water, food, medicine, and resilience. Denying that in the name of “climate stability” isn’t just misguided... it’s immoral.

.@mlevchin: "Socialism sucks." "Take it from somebody who spent his first 16 years under the 'warm embrace of collectivism' as a certain mayor recently put it—socialism sucks." "The only people who do well in redistribution of wealth are the ones doing redistribution." "It's fundamentally corrupt. There's not enough bad things I can say about socialism."

What climate activists don’t want you to know about the March 2026 heatwave in the western U.S.

Colorado is run and controlled by the radical left. From Polis on down. Has been for a long time. Things will never change unless the people in power change.

Yesterday, the Colorado Chamber Foundation released a new report tracking companies that have relocated or chosen to grow outside our state, offering a data-driven look at business competitiveness in our state. 📊 Since 2019, Colorado has seen: • 98 company relocations or missed opportunities • 13,600 lost jobs tied to those decisions • 27 companies choosing to grow elsewhere in just the past year Colorado has many strengths, but this data shows we are at a critical moment. The Chamber Foundation is focused on strengthening our business climate to keep Colorado competitive, support job growth, and ensure a healthy economy long-term. Read the full report: cochamber.com/2026/04/06/new… #ColoradoBusiness #EconomicGrowth #Competitiveness #Jobs

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Heavy weight fight tonight. 💪🏻 LFG

Supreme Court Begs Colorado To Please Just Be Normal For Once buff.ly/lu7SpiD

Great info.

Good stuff.

Arizona-Michigan is the second game on Saturday night.

Millions Gather To Express Total Ignorance About Political System buff.ly/dktuSLN

If you don’t prioritize, everything seems urgent and important. If you define the single most important task for each day, almost nothing seems urgent or important. Oftentimes, it’s just a matter of letting little bad things happen (return a phone call late and apologize, pay a small late fee, lose an unreasonable customer, etc.) to get the big important things done. The answer to overwhelm is not spinning more plates—or doing more—it’s defining the few things that can really fundamentally change your business and life.