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“The CFO, Sarah Friar, reportedly told colleagues earlier this year that she doesn't believe the company is ready to go public in 2026. She's specifically worried about $660,000,000,000 in projected AI commute, compute commitments and whether the revenue ramp can support those contracts. Sam Altman is pushing for a q four IPO, and Friar is publicly opposed. She's the CFO inside of OpenAI. So we have some serious head butting from the top people inside of OpenAI.”

“The information actually reported that Friar stopped reporting directly to Sam Altman last August and now reports to Fidji Simo, who runs the applications business. And Sam Altman has reportedly been excluding Friar from certain financial conversations. I think that's definitely not very normal CEO, CFO. Friar and Altman put out a joint statement calling the report, quote, ridiculous, which in, you know, CFO speak means it's basically true.”

“So first, I wanted to talk about Google DeepMind. They've just dropped Athletica this week. This is an autonomous math agent, and it's actually just built on top of Gemini three deeps DeepThink. And the results that it has been producing are really wild. So on the first proof challenge, which is basically a benchmark of unsolved or really complex kind of novel math problems, Athletica actually produce solutions that according to human expert evaluators were graded as, quote, publishable after minor revisions.”

“Sony is also coming out swinging. So they have something called Sony AI, and they have a project called Ace. And they just published on this their their project was just published on the cover of Nature, one of the, you know, top journals for science this month. And it is the first known autonomous robot that beats elite and professional level human table tennis players in real matches. Ping pong, I mean, I am I'm no expert, but I do love ping pong. And that is a game that if you see the pros play, the ball is flying so fast, is moving so quickly, and the precision has to be insanely high.”

“Google is now kind of doing the opposite. They signed the contract that Anthropic walked away from, and they essentially allowed Gemini to be used for, quote, any lawful government purpose. Gemini 3.1 is already on the GenAI MIL platform, which is about 3,000,000 Pentagon staff. So Google's own DeepMind people are basically watching the company, take the deal that Anthropic refused.”

“The headline for all of this is that the 08/02/2026 enforcement deadline for high risk AI systems under the EU AI act, it's getting pushed back. What they're saying is that stand alone high risk systems classified under annex three now have a 12/02/2027 compliance date. And AI embedded in regular products under Annex one gets pushed all the way to the 08/02/2028. So we are pushing this years out. The industry basically just got a sixteen to twenty four month deferral on the rules that they were supposed to be ready for in three months.”

“China has just blocked Meta's $2,000,000,000 Manus deal. Meta has already went ahead and acquired this company called Manus, which technically, to be fair, was it was started in China. The founders are Chinese. They realized that China was pretty restricted in this. And so they moved the company to Singapore. When they moved it to Singapore, Meta said, hey. We'd love to acquire it. They bought the company. They paid $2,000,000,000, and they have, like, deeply embedded it.”

“Together, I think these are basically the four companies that are committing about $700,000,000,000 in CapEx for this year, and almost all of it is in AI infrastructure. Dan Herbach check over at Ramsey Theory Group put out a note today saying that Wall Street's AI boom is heading into a, quote, ROI reckoning. Alphabet's q one EPS is projected to drop 6.4% year over year despite revenue growing to 106,900,000,000 because the 175 to 185,000,000,000 in AI CapEx line is grinding their margins.”