Pay close attention to what’s unfolding…… $NBIS

The article for anyone interested. RAISE is WAY bigger than I thought: x.com/LandoInvests/status/20…

Not your weights, not your model.

PRESIDENT DONALD TRUMP JUST SAID U.S.-IRAN NUCLEAR DEAL SIGNING IS SCHEDULED FOR TOMORROW THE STRAIT OF HORMUZ WILL BE OPEN TO ALL SHIPPING IMMEDIATELY AFTER THE DEAL IS SIGNED

Legend

$NBIS MY TAKE ON ANTHROPIC MODELS BANNED Alright, I spent my morning and afternoon thinking about the implications of the Anthropic’ Fable 5 and Mythos 5 ban. So just a quick summary below for those who are scared of the potential problems for $NBIS: I believe the main thing you need to understand about $NBIS and their business is that they want to become the 4th hyperscaler and not just rent out capacity for other hyperscalers and major frontier labs like OpenAI and Anthropic. These deals are for short-term financing of the buildout. I read a post from @daniel_koss yesterday about $NBIS’s ARR for next year already being 50/50 hyperscaler deals/their own AI cloud. This means that they are already diversified enough if something like this or even something more dramatic happened and demand suddenly dropped by customers (very unlikely). This actually means quite the opposite, because this implies that in the future, you will need open-source models as we will probably see more and more restrictions. Not that this is something new, I always saw open-source models as something that will open doors for industries like healthcare, finance, law, where you need your own models tuned specifically for these industries, but it just shows that this will not be the whole world using ChatGPT or Claude. An even stronger argument is, and I believe I have enough insights as a European, that Europe needs to wake up and start building the AI infrastructure as well. The US basically told us that AI is a weapon, and every major player on a global scale needs to have its own AI. So governments and companies in Europe have a clear incentive to develop more sovereign AI capabilities, and who is better positioned for this than $NBIS? I saw the news when I woke up, so my brain was not able to process the information fast, and I needed some time to reflect on the impact of what happened, but the more I think about it, the more bullish I am about it. I am more bullish on $NBIS than before, and I think this just answers the question: "Is AI useful?" Absolutely! So just my quick take, open to discuss and answer questions in comments

Anthropic

The US government, citing national security authorities, has issued an export control directive to suspend all access to Fable 5 and Mythos 5 by any foreign national, whether inside or outside the United States, including foreign national Anthropic employees. The net effect of this order is that we must abruptly disable Fable 5 and Mythos 5 for all our customers to ensure compliance. Access to all other Claude models is not affected. We apologize for this disruption to our customers. We believe this is a misunderstanding and are working to restore access as soon as possible. Read our full statement: anthropic.com/news/fable-myt…

The US government, citing national security authorities, has issued an export control directive to suspend all access to Fable 5 and Mythos 5 by any foreign national, whether inside or outside the United States, including foreign national Anthropic employees. The net effect of this order is that we must abruptly disable Fable 5 and Mythos 5 for all our customers to ensure compliance. Access to all other Claude models is not affected. We apologize for this disruption to our customers. We believe this is a misunderstanding and are working to restore access as soon as possible. Read our full statement: anthropic.com/news/fable-myt…

Ever have a $4.8 million drawdown in a span of less than 6 days? I just did. I didn’t flinch. Didn’t give two fks Already 1/2 way back. If you know what you own this does not bother you one bit. If you don’t know what you own, you panic and you give your shares to smart money at the bottom. $22M by March is loading…. Join my Substack to learn how it’s done.