The market is selling off on “news” that is barely news. OpenAI reportedly told investors that its annualized revenue was approaching $50B at the end of September, rather than the ~$70B figure that was widely reported last month. But the gap largely comes down to accounting methodology, not a $20B hole in OpenAI’s business. Anthropic counts revenue generated through cloud partners such as AWS and Google Cloud, while OpenAI apparently does not. Investors had therefore adjusted OpenAI’s reported figures to make them comparable with Anthropic’s, which helped produce the ~$70B estimate. So we are essentially talking about whether revenue flowing through cloud partners is included in the headline number or not. That is a comparability issue, not some sudden collapse in OpenAI’s revenue trajectory. The fact that the market is treating this as a major negative for AI is, frankly, pretty ridiculous.

$SPY 4 hour - retesting prev resistance back in aug, after SMI reached well above the top band, it proceeded to make a higher high, with SMI making a lower high, before eventually dropping same thing can take place here 10Y gapped up to new high this morning and faded after the open, releasing some of the early session selling pressure either SPY takes a breather and rolls over, or it'll make one more new high (with a lower high in SMI most likely)

Uber is pulling off a masterstroke, and you're too blind to see it because you're a pandering YouTuber desperate for clicks and views. Wake up and do better. Protecting workers in the short and mid-term is the only way society will embrace AVs at scale in the long-term. Uber is the one player that regulators can work with to ensure that tens of millions of drivers don't lose their jobs over the next decade. By slowly rolling out AVs as a soft landing for human drivers, we can keep society from burning WAYMOS in the streets. Are you not watching data centers being blocked? If you weren't so biased, you would understand that China (CHINA!!!) has stopped giving out AV licenses because of their concern over job loss. Job loss for DoorDashers, truck drivers and ride-sharing participants will be acute if regulators don't license AVs slowly and thoughtfully. Everyone understands this but you! You are far too biased in your thinking, Farzad... To be a true analyst, you need to stop thinking about your book, clicks, and affiliate codes, and level up to think about AV deployment globally.