Carl Bagdaddy retweeted
4 things developers should know about AMD x Meta today:
1️⃣ AMD Helios rackscale systems are running at Meta.
2️⃣ AMD EPYC processors power the compute behind Meta’s Muse AI agent.
3️⃣ AMD technologies delivered Day-0 support for Muse Spark Open and Muse Glimmer.
4️⃣ AMD and Meta are contributing improvements to PyTorch, Triton and ROCm for developers to use.
From silicon to software, AMD and @Meta are building for the next generation of AI.
bit.ly/47KlRUs
ALT Blue-toned image featuring AMD and Meta logos, positioned side by side against a background of technical equipment.
It’s a good company until Revolut and Nubank get serious about the US market
$SOFI Down 42% With Record Members/Revenue Into Tuesday Earnings
Leave your predictions below
Carl Bagdaddy retweeted
Revolut founder Nik Storonsky says one of his investors tried forcing him to fire his best person:
“He was forcing me to fire my best person, because he was too hardcore.”
“Of course I didn’t fire him. I said no.”
“Pretty early on I realized that quite a few VCs, they are not very operational, and they can be actually dangerous for the company if they have enough power. So every single investment round, we just remove VCs.”
“Now I don't have any VCs on the board. I think that's the best. You always need to have operators rather than VCs on the board, people who actually build business and who know how to do things.”
Nik Storonsky is one of the most hardcore and competitive founders I’ve ever talked to. He’s the founder of Revolut, a $115 billion company, and wants to be the number one bank in 100 countries.
When someone asked Nik if he was coming for Jamie Dimon's lunch, he said “I’m coming for his dinner.”
“We want to dominate, otherwise what’s the point?”
He removed every VC from his board, and when one investor pushed him too far, he started his own fund to compete with them.
Nik has a lot of ideas on talent, product design, marketing, constraints, and what makes founder-led companies special.
This is a fascinating conversation about competition, speed, and building a machine-like company.
0:00 Coming for Jamie Dimon's dinner
2:04 Building the #1 bank in 100 countries
6:12 Why founders beat professional CEOs
8:45 Revolut's biggest mistake
12:47 Why legacy banks can't innovate
17:20 Running a company like a machine
20:28 Funding winners and cutting losers like a trader
23:31 How AI is changing Revolut's team structure
25:23 50 direct reports and spreading innovation fast
29:59 Hiring self-guided missiles
33:31 Too much money makes founders weaker
37:38 What Europe's constraints taught Revolut
41:08 Why VCs are like football cheerleaders
49:28 Starting a fund to compete with VCs
54:28 From zero marketing to buying Europe's airports
1:00:21 Funding moonshots like a global tech company
1:03:58 Building an unstoppable machine
Includes paid partnerships.
Carl Bagdaddy retweeted
David Friedberg says the US needs an economic reset to avoid having a social collapse like France
"It depends on how far the collapse goes. You could have this sort of social collapse that you see in some countries that involve rioting and murd*r and all these sorts of things."
"Or you end up having what is more of like an economic collapse, which is sort of like Argentina and Brazil, Greece more recently, where the ability to service the debt because the government got too big forces this kind of restructuring of the economy."
"And yes, there are still massive protests, there is still an incredible loss of net worth, there's an incredible inflation effect that wipes out asset values for people. And you end up having kind of economic resetting without the great social resetting."
"I think we have to do something. I don't think we can run a higher deficit-to-GDP than France in the United States with the same debt-to-GDP as France and only modestly higher GDP growth. I think we are fundamentally going to need to have some degree of reset in the United States."
"The question is, do we want it to be a massive social reset, or do the left and the right want to put on their hard hats and say, 'Okay, we got to go in the mines and do the work and figure out how to cut this from seven and a half years to four years and do it in a way that doesn't destroy the economy.'"
Carl Bagdaddy retweeted
"The pace, and the expectations that came with it, felt almost as jarring [in China] compared with America as America's pace does compared with Europe. Everyone was just on it, all the time." world.hey.com/dhh/seven-year…
If you want exposure to OpenAi without paying hefty management fees look into $RVI. It’s below the Nav which means valued at less than the private valuation (could still be inflated) of its assets.
Frontier models like OpenAi is just doing too much. I didn't ask for pics man. Left is @GeminiApp right is @ChatGPT
