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All in US Equities →Meta Just Lit a New Fuse
Meta's Muse puts agentic AI in front of 3.6B users. The obvious winners get the headlines. The real bottleneck sits somewhere nobody's talking about.
The Compute Shift Nobody's Talking About
Pre-training compute at Anthropic and OpenAI collapsed from 60% to 7% in two years. Post-training now dominates — and it demands a completely different hardware stack. Here's where I'm looking.
The KV Cache Shift Nobody's Pricing
DeepSeek and Kimi just slashed KV cache requirements by orders of magnitude. Anthropic and OpenAI seem to be taking a different path. The memory stack winners and losers are about to reshuffle.