A Bloomberg Terminal costs $24,000 a year. Someone just recreated one using Perplexity Computer for $200 a month.
Bloomberg's moat was never the data, that's increasingly commoditized. It was the interface: thousands of keyboard shortcuts, proprietary screens, and muscle memory that finance professionals spent years learning. The switching cost wasn't price, it was retraining.
AI agents collapse that moat. If Computer can replicate the interface and pull equivalent data from public sources, the only remaining lock-in is the chat network and real-time feeds. One is a social product. The other is a licensing negotiation.
Bloomberg did $12.6 billion in revenue last year selling terminals. The first credible open-source alternative just got built in an afternoon.
@FoodProfessor Hes realizing that they tried to bully Canada and move manufacturing to the US....realizing, its not that easy to unscamble an omlette. Now that supply chain will supply Chinese cars. So the US car companies loose the Canadian consumer market and supply chain....
Mark Carney responds to President Donald Trump's statement that Canada lives because of the United States.
Carney: "Canada does not live because of the United States. Canada thrives because we are Canadian."
Utah has become the first state to allow AI to renew medical prescriptions with no doctor involved. The company, Doctronic, also secured a malpractice insurance policy for their AI. Their data also shows that their system matches doctors treatment plans 99.2% of the time.
BREAKING: Tomorrow is Warren Buffett's last day as CEO of Berkshire Hathaway.
Buffett took the stock from $19/share in 1965 to $750,000/share today, up +3,950,000%.
Congratulations to the best investor of all time.
TOM LEE JUST SAID THE QUIET PART OUT LOUD:
JPMORGAN AND GOLDMAN COULD BE THE NEXT MAG 7.
His thesis is brutal:
AI + blockchain = fewer humans per dollar of revenue
Margins explode
Valuations rerate
In plain English:
Banks stop trading like sleepy value plays
and start behaving like hyper-efficient tech platforms with balance sheets.
What’s changing under the hood:
- Back offices automated
- Settlements moving on-chain
- Balance sheets tokenized
- Risk, payments, markets run on software, not people
The market still prices JPM and GS like old-world lenders…
while they’re quietly mutating into scale-on-code machines.
When that gap closes:
- Earnings surprise upside
- Multiples expand 2-3x
- They stop being “banks”
- And start leading the next bull leg
Everyone is hypnotized by the current Mag 7.
Almost nobody is front-running the next ones.
If AI and blockchain really rewire global finance…
Don’t be shocked when JPM and GS
stop being value traps
and start trading like the new kings of capital.
The rerate isn’t coming.
It’s loading.