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…

Dan Durn another example of the "Enrique Effect" where he's sending both his old employer $ADBE and new employer $MRVL down in the post market

Super important post from @polynoamial and the investor TLDR is: all current estimates for compute demand might be low. “We likely don't know what the capability ceiling is for modern LLMs because it's too expensive to measure. Frequently when I discuss this, people ask why we don't just evaluate with a harness that pushes test-time compute until performance plateaus. The problem is that, empirically, the plateau is very far out. Sometimes we may not observe a plateau at all within practical budgets Notice that for the stronger models the performance improvement over time is stronger. It seems likely that as models become stronger they become more effective at operating over longer horizons. The point of plateau is pushed out, and may even disappear.” If test-time compute performance improvement over time *effectively* scales at some ratio with training…

3M TPU at $INTC requires a whole lot of....semicap!

So y'all are bearish because the price went lower for a day...when we just saw the largest AI player raise money when they didn't need to so they can spend on cap-x and the second largest spender leak an offering?

How life feels when you no longer are about shitlab

Your occasional reminder that the hyperscalers have a 6-12 month forward view on scaling laws and model capabilities that you as a lowly analyst do not. Be humble. Idc how many subs you have on substack or how much you made during the GFC. You are at an intellectual disadvantage.

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Everyone victory lapping software this week only means one thing.

Anthropic models have been the Duo default since inception and we’re happy to share Opus 4.8 is now available, same day release. about.gitlab.com/blog/claude…

if I had to explain to a 20-30 year old MM L/S equity analyst, what their goal should be by age 50-60: I'll explain it the same way it was explained to me. 3 bullets 1. you want to be the #1 smartest person in the world on your sector. 2. you want industry CEO's/experts/strategists looking to YOU for insight on how the future will play out and how to manage their biz 3. at a multi-mgr L/S, you have billions of dollars in data research budget. This is FAR more than any of these other guys have. So really, it should be an expectation that you know it better, and have better insight into the future honestly, I would just simplify it as that you want to be the Gavin Baker of your industry. 100% of the opinions I've seen from people who matter -- for years --have all been the same..."he is that dude." that's where u want to get to.

BREAKING: Semiconductor and semiconductor equipment stocks now account for a record ~18% of the S&P 500's total market cap, the biggest weighting for any single industry group. This percentage has more than TRIPLED since the 2022 bear market. By comparison, at the peak of the 2000 Dot-Com Bubble, Tech Hardware and Equipment peaked at ~26%. Furthermore, the Semiconductor Index, $SOX, relative to the Magnificent 7 is up to 85 points, the highest since mid-2020. This comes as $SOX has rallied 159% since the start of 2025, materially outperforming the Magnificent 7's gain of 30%. This run in semiconductors is unlike anything in market history.