Invest Like the Best with Patrick O'Shaughnessy

Eric Vishria - A Decade of Lessons Investing in Software & Hardware - [Invest Like the Best, EP.486]

The best hardware companies are ones where the software is so differentiated that the hardware almost doesn't matter, but you need the hardware to run the software. And the worst hardware companies are ones where the hardware is the product, and they're trying to figure out the software later.

The Business of Tech

FTN Motion's electric ride

It's really hard to build and assemble electric motorcycles in New Zealand. Ubco the Tahunger Company, found that out the hard way.

The Business of Tech

FTN Motion's electric ride

we resisted the temptation to bolt on apps and gimmicks, choosing instead to keep the tech invisible and the ride experience from and center.

TBPN

Apple Sues OpenAI, Experts Sign Another AI Warning Letter, Paramount Threatens CA Exit

Big tech rivals have long tried to supplant Apple but so far Google, Samsung, Meta Platforms, Microsoft and Amazon.com have all failed. It is crazy. People think, you know, okay, Android was successful but captured like onetenth of the actual value because the margins on Android devices are so much lower, but you forget that Jeff Bezos stood on stage and said, "We're launching the Amazon Fire phone and we're going to win."

Invest Like the Best with Patrick O'Shaughnessy

Etched - Building AI Hardware to Make Inference Faster and Cheaper - [Invest Like the Best, EP.480]

The thing that's really interesting about transformers is that the attention mechanism, which is the key innovation, is actually a fixed algorithm. It's not like the weights change the algorithm; the weights just parameterize the algorithm. And so if you know that the algorithm is fixed, you can build hardware that's specifically designed to run that algorithm as fast as possible.

China Decode

China’s New AI Breakthrough Has Silicon Valley Nervous | China Decode

While uh the US spends 12 times more on compute this from the private sector versus the Chinese private sector uh China is spending 42% more on the robotic sector uh than the United States and apparently this gap is going to widen so this is two very different uh I would say modalities but I think that the robotic race, especially the AI component of it, uh, is a really exciting one and it's where China actually has distinct advantages, not just in the hardware, but potentially the software, too.

China Decode

Can China REPLACE Nvidia? | China Decode

Chip companies in the future might stop obsessing so much as they do right now about how small the transistors in a semiconductor should be and they might focus more instead on how fast the data moves through a semiconductor.

TBPN

Arm’s $15B Chip Bet, Sanders & AOC vs Datacenters, Meta & YouTube Lose Trial | Diet TBPN

You got to be rich in both camps. And a lot of companies are jumping in to fill this gap. Agents, and a lot of this is because of agents. Agents need CPUs.

Stripe

How AI gets 10x faster

For existing chips in the market, there's a really uncomfortable trade-off between latency and throughput. Chips that are best at throughput have historically been the chips that are based on HPM as the memory... but that hasn't been so good at latency.