Fantastic news: the US, Denmark, and Greenland will sign US security deal for Greenland in New York tomorrow. Gentle reminder how most of the European security analysts were totally wrong about the possible outcome of the Greenland crisis. Not the first time & not the last time.

*Fantastic* talk hot off the press by the formidable Jon Gray from @blackstone on what is happening in technology world. Actually watched the whole thing. Chock full of interesting stats: 1/ BX-linked companies went from $25M to $525M in annualized spend with Anthropic in one year (21x) 2/Hyperscaler capex is up 9x in five years; chip-company capex hasn't doubled 3/$55B per gigawatt, all-in (power + data center + chips) 4/ SK Hynix trades at ~4x earnings after a 500% run; Cisco was at 150x in 2000 5/ PE software deals are down 66% (!)

Fantastic progress on binary field techniques in Plonky3 lately. We just opened a bunch of AArch64 performance issues if you want to dig in. The optimizations get quite subtle, so we highly recommend throwing your best LLM at them :)

Fantastic to see firms that never had to be online to win lean all the way in. Immense respect for Sequoia full sending the podcast tours, daily blog posts and actively reinventing themselves when they are the last VC firm on the planet that needs to do so. Have learned a ton from the output myself. Big shout to @Alfred_Lin @gradypb @shaunmmaguire