MSFT claims 30% Nvidia cost edge
Good morning. Hyperscaler silicon economics and memory supply lock-ups are reshaping the AI infrastructure trade.
Microsoft AI chief Mustafa Suleyman claims the company is now manufacturing its Maya 200 chip at a 30% discount to Nvidia's GB200. This internal silicon deployment delivers a 1.4x performance-per-watt improvement when co-optimized with proprietary models, signaling a structural shift away from third-party intellectual property dependence.
The Tape
What the smartest operators are pricing in today — names and trades.
▲ Bull
“There is no world in which they are going to default on this debt, even if they borrowed an extra $80 billion.”
Felix Salmon · Slate Money
▼ Bear
“But Google, for example, when I was at Google, they had various principles of AI, one of which was, we're not going to get involved in using AI for military things... That's gone.”
Geoffrey Hinton · Big Technology Podcast
▲ Bull
“we now are able to manufacture and ship a chip that is 30% cheaper than a GB200 inside of our own clusters.”
Mustafa Suleiman · Decoder with Nilay Patel
▼ Bear
“So they're going to sort of get all those things that they've done and put them all into this single app. But yeah, they definitely have a branding problem with it.”
Tom Warren · The Vergecast
▲ Bull
“Which is, of course, why you see the ad numbers and the conversion rates shooting up every quarter from Google and Facebook. Because they're rolling all of this into their ad systems and they're recommendation engines and their prediction algorithms.”
Benedict Evans · The a16z Show
▼ Bear
“They're degrading the security and stability of their service by just like firing off vibe coded features and gaping security holes. And they're firing all the people that made that not happen because they're in the way.”
Nilay Patel · The Vergecast
▲ Bull
“They're totally putting our business on steroids. Without LLMs, nobody would be talking about our ontology, about Apollo managing exploits, about our ability to manage an enterprise, essentially, turning all these companies into FDEs.”
Alex Karp · TBPN
▼ Bear
“so the primary risk honestly to palantir and a lot of these other countries is and then it's going to be nationalized before national it's going to be regulated by people who don't understand this”
Alex Karp · TBPN
▲ Bull
“SpaceX is near monopoly in terms of low-cost space launch. That's going to become increasingly important. And even Amazon is going to have to become an even bigger customer because they're not Blue Origins.”
Bill Ackman · All-In with Chamath, Jason, Sacks & Friedberg
▼ Bear
“That is from the actual brand because Amazon had this policy where in warehouses they would switch items with this same SKU. They just did away with this.”
Nicole Ruiz · How I AI
“There is no world in which they are going to default on this debt, even if they borrowed an extra $80 billion.”
Today's Signals (16)
Operator-validated investment signals before they reach consensus.
“There is no world in which they are going to default on this debt, even if they borrowed an extra $80 billion.”
bullish · 9/10 conviction
Discussing: Alphabet's credit quality
“Sure. I just want to make it clear here that there is no concern about Alphabet's credit quality. They have, I mean, they might have $100 billion of debt, but they have like $120 billion of cash. There is no world in which they are going to default on this debt, even if they borrowed an extra $80 billion.”
The Index Fund Problemtunity · Jun 6, 2026
“But Google, for example, when I was at Google, they had various principles of AI, one of which was, we're not going to get involved in using AI for military things... That's gone.”
bearish · 9/10 conviction
Discussing: Google's AI safety principles
“Yes, at present. But Google, for example, when I was at Google, they had various principles of AI, one of which was, we're not going to get involved in using AI for military things. No autonomous warfare, right? No autonomous warfare. That's gone.”
AI Pioneer Geoffrey Hinton: AI Is Conscious, Superintelligence is Coming, And We Should Be Worried · Jun 3, 2026
“It's early days, but I think no question within 10 years, most compute will be putting in space, which, to give you a sense, is a lot of money, like trillions”
bullish · 9/10 conviction
Discussing: space-based data centers
“So we're partnering with Google to launch some of their TPUs into space. We've already launched NVIDIA's some of NVIDIA's GPUs into space. We're launching Google's TPUs into space on an early test. There's lots of technology to figure out. It's early days, but I think no question within 10 years, most compute will be putting in space, which, to give you a sense, is a lot of money, like trillions, and will be bigger than any of the other space businesses today, comms, earth imaging.”
The IPO Comeback: Why Tech Giants Are Finally Going Public | All-In Liquidity IPO Panel · Jun 6, 2026
“we now are able to manufacture and ship a chip that is 30% cheaper than a GB200 inside of our own clusters.”
bullish · 9/10 conviction
Discussing: Microsoft's custom AI silicon
“We've already made significant investments in our own self-sufficiency mission. Our Maya 200 chip is actually an outstanding chip as one example, right? I mean, we now are able to manufacture and ship a chip that is 30% cheaper than a GB200 inside of our own clusters. And now that we can co-design our own models with it, the MAI Thinking 1 model that we've just released, you know, actually delivers 1.4x performance per watt improvement on top of the 30% improvement that you get from running on a Maya 200 once we co-optimize the models for our tasks.”
Microsoft AI chief thinks superintelligence is near, but won't take your job · Jun 8, 2026
“They're totally putting our business on steroids. Without LLMs, nobody would be talking about our ontology, about Apollo managing exploits, about our ability to manage an enterprise, essentially, turning all these companies into FDEs.”
bullish · 9/10 conviction
Discussing: LLM impact on Palantir's business
“It is not actually solving the problem that enterprises are. Now, it can solve them. That's the trick. It's not binary. It's not like you can't say they're not valuing. They're totally putting our business on steroids. Without LLMs, nobody would be talking about our ontology, about Apollo managing exploits, about our ability to manage an enterprise, essentially, turning all these companies into FDEs. These deploy codes, we love them because now every company wants a deploy code.”
Palantir CEO Alex Karp on Tokenmaxxing & Taste · Jun 4, 2026
“SpaceX is near monopoly in terms of low-cost space launch. That's going to become increasingly important. And even Amazon is going to have to become an even bigger customer because they're not Blue Origins.”
bullish · 9/10 conviction
Discussing: SpaceX's market dominance
“Then you say, okay, well, let's think five years out, what does this company look like? What is Starlink, what's the trajectory of Starlink? SpaceX is near monopoly in terms of low-cost space launch. That's going to become increasingly important. And even Amazon is going to have to become an even bigger customer because they're not Blue Origins.”
Bill Ackman: Investment Strategy, What the Market is Missing, How AI Breaks Businesses · Jun 3, 2026
“They're degrading the security and stability of their service by just like firing off vibe coded features and gaping security holes. And they're firing all the people that made that not happen because they're in the way.”
bearish · 9/10 conviction
Discussing: Meta's AI-driven moderation failures
“Particularly Mark Zuckerberg has turned his back on content moderation and trust and safety so significantly because Instagram as a platform is just full of racism now. Like it just exists in a way that it didn't used to, right? They're degrading the security and stability of their service by just like firing off vibe coded features and gaping security holes. And they're firing all the people that made that not happen because they're in the way. Something much worse will happen as they chase whatever next turn.”
This is your laptop... on AI · Jun 5, 2026
“so the primary risk honestly to palantir and a lot of these other countries is and then it's going to be nationalized before national it's going to be regulated by people who don't understand this”
bearish · 9/10 conviction
Discussing: AI regulatory and nationalization risks
“yes they are going to create opportunities you have to talk openly about how these things are valuable because we have adversaries you can't just say these all that stuff so the primary risk honestly to palantir and a lot of these other countries is and then it's going to be nationalized before national it's going to be regulated by people who don't understand this and Now, they'll tell you in private, I'm working on this, I'm da-da-da, and this lobby is just like, not going to work. So, like, that's something, like, if you're listening to this and you're like, look, you know, you don't have to agree with me on all my proclamations.”
Palantir CEO Alex Karp on Tokenmaxxing & Taste · Jun 4, 2026
“I'd actually argue right now, we're seeing a pickup in white collar employment. We're seeing a pickup there, which is kind of defying all the odds and, prognostications on the AI, replacing white-collar.”
bullish · 8/10 conviction
Discussing: white collar job market
“And you're basically relying on a W2, then what exactly is like, what is that? What does that labor market look like? I'd actually argue right now, we're seeing a pickup in white collar employment. We're seeing a pickup there, which is kind of defying all the odds and, prognostications on the AI, replacing white-collar. But for blue-collar, it's not necessarily all great, right?”
Neil Dutta & Skanda on Why the Recession Signals Are All Wrong · Jun 5, 2026
“Our view is that this is a powerful technology, but the economics are really bad. And time is not a friend.”
bearish · 8/10 conviction
Discussing: AI data center economics
“X.AI cash losses were give and take double legit billions, 12 to 15. And their capacity relation on the Colossus was 11%. Now they're selling the capacity to Anthropic. Our view is that this is a powerful technology, but the economics are really bad. And time is not a friend.”
Contrarian Quality at GQG Partners – Rajiv Jain (EP.505) · Jun 8, 2026
“Postgres, contrary to popular belief, is very old technology. It is not a good database. Undergraduates writing class projects write better databases than Postgres.”
bearish · 8/10 conviction
Discussing: legacy database technology
“I really lament that we're sort of stuck with Postgres forever. Postgres, contrary to popular belief, is very old technology. It is not a good database. Undergraduates writing class projects write better databases than Postgres. Not because the people who built Postgres were not smart, but simply because it was written a long time ago.”
AI Agents and the Fight for Customer Data · Jun 5, 2026
“So they're going to sort of get all those things that they've done and put them all into this single app. But yeah, they definitely have a branding problem with it.”
bearish · 8/10 conviction
Discussing: Copilot's overextension in products
“It just ended with like Copilot buttons in like paint and in notepad and just all this like craziness. So I think they're definitely walking back like where Copilot shows up and to make it more like how that super app is. So they're going to sort of get all those things that they've done and put them all into this single app. But yeah, they definitely have a branding problem with it.”
Microsoft's plan to catch up in AI · Jun 4, 2026
Sector Heat
Where conviction's concentrated this week — and where it's cooling.
Information Technology
▲ 17.0%tailwind
Hyperscalers are aggressively funding custom silicon and locking up memory supply chains.
Communication Services
▲ 17.0%tailwind
Probabilistic recommendation engines are driving measurable surges in digital advertising conversion rates.
Consumer Discretionary
▼ 15.0%headwind
Shifting preferences and lingering inventory hangovers continue compressing margins across retail segments.
Industrials
▼ 9.0%watching
Entrenched offshore manufacturing dominance creates friction for domestic supply chain diversification efforts.
From the Conversations
Palantir CEO Alex Karp on Tokenmaxxing & Taste
Jun 4, 2026 · 23m · 2 quotes pulled
▶ Listen“They're totally putting our business on steroids. Without LLMs, nobody would be talking about our ontology, about Apollo managing exploits, about our ability to manage an enterprise, essentially, turning all these companies into FDEs.”
“It is not actually solving the problem that enterprises are. Now, it can solve them. That's the trick. It's not binary. It's not like you can't say they're not valuing. They're totally putting our business on steroids. Without LLMs, nobody would be talking about our ontology, about Apollo managing exploits, about our ability to manage an enterprise, essentially, turning all these companies into FDEs. These deploy codes, we love them because now every company wants a deploy code.”
Neil Dutta & Skanda on Why the Recession Signals Are All Wrong
Jun 5, 2026 · 1h 10m · 2 quotes pulled
▶ Listen“I'd actually argue right now, we're seeing a pickup in white collar employment. We're seeing a pickup there, which is kind of defying all the odds and, prognostications on the AI, replacing white-collar.”
“And you're basically relying on a W2, then what exactly is like, what is that? What does that labor market look like? I'd actually argue right now, we're seeing a pickup in white collar employment. We're seeing a pickup there, which is kind of defying all the odds and, prognostications on the AI, replacing white-collar. But for blue-collar, it's not necessarily all great, right?”
The Index Fund Problemtunity
Jun 6, 2026 · 56m · 1 quote pulled
▶ Listen“There is no world in which they are going to default on this debt, even if they borrowed an extra $80 billion.”
“Sure. I just want to make it clear here that there is no concern about Alphabet's credit quality. They have, I mean, they might have $100 billion of debt, but they have like $120 billion of cash. There is no world in which they are going to default on this debt, even if they borrowed an extra $80 billion.”
Sources
▶ ListenSlate Money
The Index Fund Problemtunity<p>This week: Google’s parent company announced an unexpected move to raise $80 billion for their AI ventures. <a href="https://bsky.app/profile/did:plc:zxqezqfhjwidbrsvk66ded57" rel="noopener noreferrer" target="_blank">Felix Salmon</a>, <a href="https://www.elizabethspiers.com/" rel="noopener noreferrer" target="_blank">Elizabeth Spiers</a>, and guest host <a href="https://www.marychilds.com/" rel="noopener noreferrer" target="_blank">Mary Childs</a>– host of the new show <a href="https://www.youtube.com/@MaryinAmerica" rel="noopener noreferrer" target="_blank">Mary in America</a>–discuss the logic behind Alphabet's stock-based fundraise, which includes a $10 billion share sale to Berkshire-Hathaway. Then, Mary explains why it’s getting <a href="https://nymag.com/intelligencer/article/ai-ipo-stock-market-spacex-anthropic-openai.html" rel="noopener noreferrer" target="_blank">harder for investors to avoid exposure to AI</a> thanks to the index funds who are bending their rules for companies like SpaceX. And finally, they examine why <a href="https://www.ft.com/content/eec2ec91-6e1f-4b6e-b59d-d5718a82a5be?syn-25a6b1a6=1" rel="noopener noreferrer" target="_blank">Spain’s unemployment rate has dropped significantly</a> and what that tells us about the relationship between immigration and the labor market. </p><p> </p><p>In the Slate Plus episode: Is “f— you” money a myth?</p><br><p>Want to hear that discussion and hear more Slate Money? Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on<a href="https://podcasts.apple.com/us/podcast/slate-money/id876523888" rel="noopener noreferrer" target="_blank"> Apple Podcasts</a> and<a href="https://open.spotify.com/show/2AgxNbNcUOckZSww9mk8mX" rel="noopener noreferrer" target="_blank"> Spotify</a>. Or, visit<a href="https://slate.com/podcast-plus?utm_medium=link&utm_campaign=plus_pod&utm_content=Money&utm_source=episode_summary" rel="noopener noreferrer" target="_blank"> slate.com/moneyplus</a> to get access wherever you listen. </p><br><p>Podcast production by Jessamine Molli and Cheyna Roth.</p><br><p><br></p><hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>
▶ ListenBig Technology Podcast
AI Pioneer Geoffrey Hinton: AI Is Conscious, Superintelligence is Coming, And We Should Be WorriedGeoffrey Hinton is an AI pioneer, a Nobel Prize winner, and a professor emeritus at the University of Toronto. Hinton joins Big Technology Podcast to discuss AI’s rapid progress, why he believes today’s systems already understand us, and why he thinks superintelligence may arrive sooner than many expect. Tune in to hear Hinton explain why the technology has advanced faster than he anticipated, and lay out the risks he believes society is not doing enough to address. We also cover AI-driven job loss, the limits of corporate self-regulation, Anthropic and OpenAI’s safety challenges, emotional attachment to chatbots, information collapse, and whether future AI systems can be designed to care about humans. Hit play for a fascinating conversation with one of AI’s founding figures about where the technology is heading and what it could mean for all of us. Join the Big Technology AI Summit in San Francisco on June 18: summit.bigtechnology.com --- Enjoying Big Technology Podcast? Please rate us five stars ⭐⭐⭐⭐⭐ in your podcast app of choice. Want a discount for Big Technology on Substack + Discord? Here’s 25% off for the first year: https://www.bigtechnology.com/subscribe?coupon=0843016b Learn more about your ad choices. Visit megaphone.fm/adchoices
▶ ListenAll-In with Chamath, Jason, Sacks & Friedberg
The IPO Comeback: Why Tech Giants Are Finally Going Public | All-In Liquidity IPO Panel<p>(0:00) CEOs Andrew Feldman (Cerebras) and Will Marshall (Planet Labs) join the Besties!</p> <p>(2:05) Both CEOs on going public: Impact on employees, customers, and business operations</p> <p>(13:18) Timelines for datacenters in space</p> <p>(19:28) Cerebras business breakdown, AI's impact on the silicon market</p> <p>(24:45) How Founder/CEOs think about liquidity on the road to going public</p> <p>Thanks to our partners for making this possible!</p> <p>EY - Great tech starts with a big idea. From startup to scale, EY helps tech founders get financials right early so they can focus on what's next.</p> <p><a href= "https://www.ey.com/en_us/tech-sector/tech-startups?WT.mc_id=3501317&AA.tsrc=sponsorship"> https://www.ey.com/en_us/tech-sector/tech-startups?WT.mc_id=3501317&AA.tsrc=sponsorship</a></p> <p>NYSE - Thank you to our partner, the New York Stock Exchange - a modern marketplace and exchange for building the future. It all happens at the NYSE.</p> <p><a href="https://www.nyse.com">https://www.nyse.com</a></p> <p>Plaud - Never miss a moment. Plaud, our official wearable AI note-taking partner at All-In Liquidity Summit, captured every insight.</p> <p><a href="https://www.plaud.ai">https://www.plaud.ai</a></p> <p>Follow Brad Gerstner:</p> <p><a href="https://x.com/altcap">https://x.com/altcap</a></p> <p>Follow Andrew Feldman:</p> <p><a href= "https://x.com/andrewdfeldman">https://x.com/andrewdfeldman</a></p> <p>Follow Will Marshall:</p> <p><a href= "https://x.com/Will4Planet">https://x.com/Will4Planet</a></p> <p>Apply for Summit 2026:</p> <p>https://allin.com/events</p> <p>Follow the besties:</p> <p>https://x.com/chamath</p> <p>https://x.com/Jason</p> <p>https://x.com/DavidSacks</p> <p>https://x.com/friedberg</p> <p>Follow on X:</p> <p>https://x.com/theallinpod</p> <p>Follow on Instagram:</p> <p>https://www.instagram.com/theallinpod</p> <p>Follow on TikTok:</p> <p>https://www.tiktok.com/@theallinpod</p> <p>Follow on LinkedIn:</p> <p>https://www.linkedin.com/company/allinpod</p> <p>Intro Music Credit:</p> <p>https://rb.gy/tppkzl</p> <p>https://x.com/yung_spielburg</p>
▶ ListenThe Compound and Friends
Neil Dutta & Skanda on Why the Recession Signals Are All WrongOn episode 245 of The Compound and Friends, Michael Batnick and Downtown Josh Brown are joined by Neil Dutta and Skanda Amarnath to discuss: the AI investment boom, the state of the labor market, inflation risks, consumer spending, Fed policy, market breadth, whether this cycle is as unusual as it feels, and much more! This episode is sponsored by Nuveen and ClearBridge Investments. Learn more about Nuveen’s comprehensive private markets platform at https://www.nuveen.com/en-us/insights/alternatives. Rising geopolitical tensions, continued market uncertainty, stocks backed by can offer more predictable cash flows as volatility increases. To learn more, go to https://www.clearbridge.com/ Sign up for The Compound Newsletter and never miss out: thecompoundnews.com/subscribe Instagram: instagram.com/thecompoundnews Twitter: twitter.com/thecompoundnews LinkedIn: linkedin.com/company/the-compound-media/ TikTok: tiktok.com/@thecompoundnews Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Josh Brown are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. The Compound Media, Incorporated, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here https://ritholtzwealth.com/advertising-disclaimers. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here: https://ritholtzwealth.com/podcast-youtube-disclosures/ Learn more about your ad choices. Visit megaphone.fm/adchoices
▶ ListenCapital Allocators – Inside the Institutional Investment Industry
Contrarian Quality at GQG Partners – Rajiv Jain (EP.505)<div> <div> <div> <div> <div> <div> <div> <div> <div> <p dir="ltr">Rajiv Jain is the Chairman and CIO of GQG Partners, a global equity manager he founded in 2016 that has soared to $160 billion in assets, rebuffing the challenging decade for active managers. </p> </div> <div> <p dir="ltr">Our conversation covers Rajiv's path from trading in India to his long tenure at Vontobel and founding of GQG. We discuss the periodic crisis lessons that shaped his approach, his definition of quality, team dynamics, and portfolio construction to avoid losses. We then turn to Rajiv's contrarian views, including current significant positions in energy, utilities, steel, tobacco, and emerging markets, avoidance of hyperscalers and semiconductors, and nimbleness to change his mind.</p> </div> </div> </div> </div> </div> </div> </div> </div> </div> <div> <div> </div> </div> <p><strong>Learn More</strong><br /> Follow Ted on Twitter at <a title= "https://twitter.com/tseides?lang=en" href= "https://twitter.com/tseides?lang=en" target="_blank" rel= "noopener" data-saferedirecturl= "https://www.google.com/url?q=https://twitter.com/tseides?lang%3Den&source=gmail&ust=1780595058466000&usg=AOvVaw11N5Yx-fQCXhxGfEhu4THU">@tseides</a> or <a title="https://www.linkedin.com/in/tedseides/" href="https://www.linkedin.com/in/tedseides/" target="_blank" rel= "noopener" data-saferedirecturl= "https://www.google.com/url?q=https://www.linkedin.com/in/tedseides/&source=gmail&ust=1780595058466000&usg=AOvVaw39bzDa1g4AnNsGOMVLi-bB">LinkedIn</a><br /> Subscribe to the <a title="https://capitalallocators.com/" href="https://capitalallocators.com/" target="_blank" rel= "noopener" data-saferedirecturl= "https://www.google.com/url?q=https://capitalallocators.com/&source=gmail&ust=1780595058466000&usg=AOvVaw3Bi7Ff3V9JI2K5kjtsvnbW">mailing list</a><br /> Access Transcript with <a title= "https://capitalallocators.com/signup" href= "https://capitalallocators.com/signup" target="_blank" rel= "noopener" data-saferedirecturl= "https://www.google.com/url?q=https://capitalallocators.com/signup&source=gmail&ust=1780595058466000&usg=AOvVaw29bjzP4Qch9OXVo6GhCc2o">Premium Membership</a></p>
▶ ListenThe a16z Show
AI Agents and the Fight for Customer DataMartin Casado speaks with George Fraser, cofounder and CEO of Fivetran, about the future of data infrastructure in the age of AI. The conversation covers Fivetran’s merger with dbt, the changing role of data platforms, and why Fraser believes many companies are overestimating the threat AI poses to enterprise software. They discuss open data access, the backlash against AI agents accessing systems of record, and why businesses still need centralized data foundations even as agent-based workflows become more common. Along the way, Fraser shares his views on data gravity, coding agents, enterprise AI adoption, and how AI is changing the way software companies build and operate products.
▶ ListenThe Vergecast
Microsoft's plan to catch up in AIMicrosoft's commitment to AI is not news. Copilot has been everywhere for... a while now. But at this week's Build developer conference, the company made clear that it wants — and needs — to be a bigger player in the space. The Verge's Tom Warren joins David to talk about the new Scout AI assistant, the Solara operating system concept, and whether Microsoft can hang with OpenAI, Anthropic, and Google. Also: How's the new era of Xbox going? We’re also on video! Check us out on YouTube. Subscribe to The Verge for unlimited access to theverge.com, subscriber-exclusive newsletters and our ad-free podcast feed. We love hearing from you! Email your questions and thoughts to [email protected] or call us at 866-VERGE11. Learn more about your ad choices. Visit podcastchoices.com/adchoices
▶ ListenDecoder with Nilay Patel
Microsoft AI chief thinks superintelligence is near, but won't take your jobToday I’m talking with Mustafa Suleyman, the CEO of Microsoft AI. This is a real burner of an episode. We covered everything from his approach to training new models to his criticisms of Anthropic talking about Claude as though it is conscious. Of course, we also talked about Microsoft’s relationship with OpenAI, how Mustafa is thinking about all the negative polling and political pushback around AI right now, and whether any of the consumer products are good enough to overcome it. Like I said, it’s a burner. Links: Microsoft and OpenAI broke up — now they’re ready to fight | The Verge Microsoft Build 2026: The 7 biggest announcements | The Verge Microsoft’s first advanced reasoning AI is here | The Verge Microsoft’s new ‘superintelligence’ game plan is all about business | The Verge Here’s how the new Microsoft and OpenAI deal breaks down | The Verge Microsoft AI chief says 18 months until white-collar tasks automated by AI | FT Subscribe to The Verge to access the ad-free version of Decoder! Credits: Decoder is a production of The Verge and part of the Vox Media Podcast Network. Decoder is produced by Kate Cox and Nick Statt and edited by Ursa Wright. Our editorial director is Kevin McShane. The Decoder music is by Breakmaster Cylinder. Learn more about your ad choices. Visit podcastchoices.com/adchoices
▶ ListenThe AI Breakdown
AI Weekly Briefing: Is Enterprise AI Becoming a Finance ProblemIt’s been a week of huge funding rounds, and the first clear signs that companies are getting stricter about AI costs. Anthropic closed a $65bn round at a valuation near a trillion dollars and confirmed it has filed to go public, passing OpenAI as the most valuable private AI company. Cognition raised over $1bn on the back of an eye-catching figure: 89% of its code is now committed by Devin. And SoftBank pledged up to €75bn to build AI data centres in France, putting serious compute on European soil. Then came the reality check. Microsoft is winding down most of its internal Claude Code licences, and Uber tore through its entire 2026 Claude Code budget in a matter of months, with its COO admitting he can't yet link the spend to better products. The land-grab phase of enterprise AI looks to be ending, and finance is now asking harder questions. We also cover the EU AI Act handing companies 16 months of timeline relief, Anthropic's Mythos model surfacing 10,000 vulnerabilities while Sysdig documents the first AI-agent-driven intrusion caught in the wild, and DeepSeek's new pricing giving procurement teams a fresh benchmark for vendor talks. Sponsored by Notify Technology.
- ▶ Listen
The a16z Show
AI Eats the World? A Reality Check with Benedict EvansErik Torenberg speaks with tech analyst Benedict Evans about the current state of AI, what has changed over the past year, and which questions remain unanswered. The conversation covers coding agents, foundation models, AI infrastructure spending, software economics, and the tension between today's AI excitement and the long-term realities of technology adoption. Evans discusses why coding has emerged as AI's first breakout use case, how previous platform shifts can help frame the current moment, and why many of the most important questions about AI remain unresolved. Along the way, they explore the future of software, enterprise adoption, consumer behavior, and whether AI models ultimately capture value themselves or become infrastructure for the next generation of applications.
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The Vergecast
This is your laptop... on AIIt's developer conference season, and one of the themes so far has been big swings at AI apps. We've seen Gemini Spark, Microsoft Scout, and so many other attempts to figure out what people, and companies, actually want their AI to do. Nilay and David discuss their experiences with the apps, before turning to Nvidia CEO Jensen Huang's vision for the AI-filled laptop of the future. Finally, in the lightning round, it's time for the Hype Desk, Brendan Carr is a Dummy, a deeply dumb Meta hack, and the future of a favorite VR game. Further reading: Testing Google’s Gemini Spark AI agent: it’s incredible, and creepy Gemini’s new AI agent is about as good as Google’s demo Microsoft Scout is a new AI personal assistant built on OpenClaw Microsoft’s Project Solara is an OS for AI agent gadgets As AI gets better, it reveals an empty promise Let us filter AI slop, you cowards Microsoft and OpenAI broke up — now they’re ready to fight These are the first Nvidia RTX Spark laptops This is the Microsoft Surface Laptop Ultra with Nvidia RTX Spark A first look at Microsoft’s Surface Laptop Ultra and Surface Dev Box Nvidia is already planning N2X and N3X chips — the goal is the Star Trek computer This could be Windows’ M1 moment — but expect it to cost a ton Computex 2026: All the news and announcements Meta’s own AI was exploited to hijack Instagram accounts Apple’s strategy for smart glasses is the same as for smart watches It sure seems like the Vision Pro isn’t getting upgraded for a while — if ever. Subscribe to The Verge for unlimited access to theverge.com, subscriber-exclusive newsletters, and our ad-free podcast feed.We love hearing from you! Email your questions and thoughts to [email protected] or call us at 866-VERGE11. (Timestamps are approximate.) 00:01:00 Intro 00:03:00 New Verge Merch Drop 00:09:00 Gemini Spark Test Drive 00:13:00 Privacy Tradeoffs Debate 00:21:00 Software Brain Pushback 00:36:00 Jensen Huang Computer Future 00:39:00 Microsoft Build Reality Check 00:41:00 Nvidia Spark Recall 00:42:00 Microsoft Badge Agents 00:54:00 Escaping Apple Tax 00:57:00 Wearables Walled Gardens 01:05:00 Hype Desk 01:06:00 Bond Game Streaming 01:09:00 Summer Games Fest 01:11:00 State of Play Highlights 01:11:00 God of War 01:14:00 Wolverine Gore Talk 01:15:00 Widows Bay 01:17:00 Lightning Round 01:17:00 Brendan Carr is a Dummy 01:26:00 Apple Glasses Rumors 01:36:00 Privacy Backlash Risk 01:38:00 Meta AI Hack Fiasco 01:43:00 Supernatural Returns 01:47:00 Wrap and Next Week Learn more about your ad choices. Visit podcastchoices.com/adchoices
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Palantir CEO Alex Karp on Tokenmaxxing & Taste<p>This is our full conversation with Alex Karp, recorded live at AIPCon 10.</p><p>We discuss why he believes taste is the most important competitive advantage in the age of AI, how enterprises are struggling to turn AI hype into real business value, why "tokenmaxxing" and AI overuse can distract companies from solving meaningful problems, and the growing risk of AI regulation and nationalization.</p><p>Sign up for TBPN’s daily newsletter at TBPN.com</p><p>Follow TBPN:<br>https://TBPN.com<br>https://x.com/tbpn<br>https://open.spotify.com/show/2L6WMqY3GUPCGBD0dX6p00?si=674252d53acf4231<br>https://podcasts.apple.com/us/podcast/technology-brothers/id1772360235<br>https://www.youtube.com/@TBPNLive</p>
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Shopping with Claude: How to find quality brands, automate returns, and buy things that last 100 years | Nicole Ruiz<p><strong>Nicole Ruiz</strong> is a writer and parent who has built a comprehensive AI-powered shopping system to help her family buy high-quality, long-lasting items while avoiding the noise of drop-shipping brands, paid ads, and poorly made products. She writes an interview series on Substack about how technology is changing the household.</p><p><br></p><p><strong>What you’ll learn:</strong></p><ol><li>How to build a Claude Project with custom instructions for vetting brands based on heritage, craftsmanship, and return policies</li><li>The shopping criteria that help surface century-old manufacturers over trendy direct-to-consumer brands</li><li>How to use Claude to search through trusted vendor websites that have terrible UX</li><li>Why AI actually helps small artisans and heritage brands compete against Amazon’s infrastructure</li><li>How to use Claude Cowork to automate returns by finding receipts in your email and drafting refund requests</li><li>The technique for getting Claude to analyze whether a brand is legitimate or just a drop-shipping operation</li><li>How to shop within a specific budget or with gift cards using AI assistance</li></ol><p>—</p><p><strong>Brought to you by:</strong></p><p><a href="https://www.orkes.io/"><strong>Orkes</strong></a>—The enterprise platform for reliable applications and agentic workflows</p><p><a href="https://www.metaview.ai/home/how-i-ai"><strong>Metaview</strong></a>—The agentic recruiting platform for winning teams</p><p>—</p><p><strong>In this episode, we cover:</strong></p><p>(00:00) Introduction to Nicole and AI-powered shopping</p><p>(02:29) The problem</p><p>(04:55) Building a Claude Project for household purchasing</p><p>(07:44) The “anti-to-do list” concept for reducing mental overhead</p><p>(10:30) Shopping for a can opener: the system in action</p><p>(15:53) How AI helps century-old brands with terrible websites</p><p>(18:45) Processing returns with Claude Cowork</p><p>(25:06) Using gift cards strategically</p><p>(26:33) Vetting brands</p><p>(29:40) Recap, lightning round, and final thoughts</p><p>—</p><p><strong>Tools referenced:</strong></p><p>• Claude: <a href="https://claude.ai/">https://claude.ai/</a></p><p>• Claude Cowork: <a href="https://www.anthropic.com/product/claude-cowork">https://www.anthropic.com/product/claude-cowork</a></p><p>—</p><p><strong>Other references:</strong></p><p>• Boston General Store: <a href="https://bostongeneralstore.com/">https://bostongeneralstore.com/</a></p><p>• L.L.Bean: <a href="https://www.llbean.com/">https://www.llbean.com/</a></p><p>• Manufactum: <a href="https://www.manufactum.com/">https://www.manufactum.com/</a></p><p>• 5 OpenClaw agents run my home, finances, and code | Jesse Genet: <a href="https://www.lennysnewsletter.com/p/5-openclaw-agents-run-my-home-finances">https://www.lennysnewsletter.com/p/5-openclaw-agents-run-my-home-finances</a></p><p>• From a $6.90 newsletter to $3M API: How a non-coder built Memelord | Jason Levin: <a href="https://www.lennysnewsletter.com/p/from-a-690-newsletter-to-3m-api-how">https://www.lennysnewsletter.com/p/from-a-690-newsletter-to-3m-api-how</a></p><p>—</p><p><strong>Where to find Nicole Ruiz:</strong></p><p>X: <a href="https://x.com/nwilliams030">https://x.com/nwilliams030</a></p><p>Substack (The Third Oikos): <a href="https://www.thirdoikos.com/">https://www.thirdoikos.com/</a></p><p>—</p><p><strong>Where to find Claire Vo:</strong></p><p>ChatPRD: <a href="https://www.chatprd.ai/">https://www.chatprd.ai/</a></p><p>Website: <a href="https://clairevo.com/">https://clairevo.com/</a></p><p>LinkedIn: <a href="https://www.linkedin.com/in/clairevo/">https://www.linkedin.com/in/clairevo/</a></p><p>X: <a href="https://x.com/clairevo">https://x.com/clairevo</a></p><p>—</p><p>Production and marketing by <a href="https://penname.co/">https://penname.co/</a>. For inquiries about sponsoring the podcast, email [email protected].</p>
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All-In with Chamath, Jason, Sacks & Friedberg
Bill Ackman: Investment Strategy, What the Market is Missing, How AI Breaks Businesses<p>(0:00) Bill Ackman joins the show!</p> <p>(0:30) Evolving investment philosophy: What's changed over 20 years?</p> <p>(4:40) AI: Greatest time to build a business, and a major threat to portfolios</p> <p>(7:50) Predicting market moves, the "rubber band effect"</p> <p>(16:00) Owning founder-led companies</p> <p>(19:30) Building the next Berkshire Hathaway</p> <p>Thanks to our partners for making this possible!</p> <p>EY - Agentic AI is introducing a new investment discipline. As AI shifts to consumption-based models, EY connects spend to enterprise value.</p> <p><a href= "https://www.ey.com/en_us/insights/ai/agentic-ai-token-costs?WT.mc_id=3501318&AA.tsrc=sponsorship"> https://www.ey.com/en_us/insights/ai/agentic-ai-token-costs?WT.mc_id=3501318&AA.tsrc=sponsorship</a></p> <p>NYSE - Thank you to our partner, the New York Stock Exchange - a modern marketplace and exchange for building the future. It all happens at the NYSE.</p> <p><a href="https://www.nyse.com">https://www.nyse.com</a></p> <p>Plaud - Never miss a moment. Plaud, our official wearable AI note-taking partner at All-In Liquidity Summit, captured every insight.</p> <p><a href="https://www.plaud.ai">https://www.plaud.ai</a></p> <p>Follow Bill Ackman:</p> <p><a href= "https://x.com/BillAckman">https://x.com/BillAckman</a></p> <p>Apply for Summit 2026:</p> <p>https://allin.com/events</p> <p>Follow the besties:</p> <p>https://x.com/chamath</p> <p>https://x.com/Jason</p> <p>https://x.com/DavidSacks</p> <p>https://x.com/friedberg</p> <p>Follow on X:</p> <p>https://x.com/theallinpod</p> <p>Follow on Instagram:</p> <p>https://www.instagram.com/theallinpod</p> <p>Follow on TikTok:</p> <p>https://www.tiktok.com/@theallinpod</p> <p>Follow on LinkedIn:</p> <p>https://www.linkedin.com/company/allinpod</p> <p>Intro Music Credit:</p> <p>https://rb.gy/tppkzl</p> <p>https://x.com/yung_spielburg</p>
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