One of the amazing things about these clips is that the people talking to Musk never say, "In 2015, you said that we were a month away from self-driving cars, and that full autonomy was three years away. In 2016, you said, etc. etc. Why should anyone believe your forecasts now?"
When I was on my U12 club team in Southern California, we played a U12 Barcelona academy team. An actual one like this. Not one of those teams that just calls themselves a club team name as a LARP. We were a pretty good club. Won far more than we lost.
They beat us 12-1.
Anthropic wouldn’t exist without Google open sourcing the transformers papers. Google could have filed for a patent and gained an AI monopoly. Anthropic trying to eliminate open source when it is built on open source is ironic and not in a fun way.
A $300 billion company with $500 billion of debt and liabilities is no different than a $7 billion company with $12 billion of debt and liability’s.
$ORCL investors shouldn’t question my judgement on who can and can’t survive debt. I was laughed about on Sunnova as the largest solar provider and installer in the world at the time.
The signs are clear. The Oracle debt is worthless and has all been dumped by pensions with 50% losses. The shares all dumped by pensions in the past month according to 13F. The signs are clear Oracle is 2-3 years from struggling to meet its obligations.
There is a straight up revolt by pensions to touch $ORCL debt. It’s very rare to see trading losses of 30-50% on long dated bonds 20-30 years from maturity.
Markets screaming that Oracle will never see a yield below 7% again and we’re cutting our losses to run.