James I. Pisano

[James I. Pisano @DRedit]

@Pontifex How about you sell all the art the Vatican owns and feed the homeless instead of posting on X?

[James I. Pisano @DRedit]

@TheMonalisaATL This is GOLD

[Ricardo @Ric_RTP]

Sam Altman just crashed two stock markets in 4 hours and exposed the AI bubble.

OpenAI is delaying its public listing until 2027 because Altman REFUSES to accept a single dollar under a $1 trillion valuation.

Asia opened to the news and the panic was instant:

SoftBank fell 13% in Tokyo, its worst day in months. The Nikkei dropped 4.5%. South Korea's KOSPI crashed 8% and the Korea Exchange triggered circuit breakers on the futures market, then halted trading entirely for 20 minutes when the bleeding refused to stop.

Hong Kong and Shanghai followed. US futures slid before market open.

One report triggered all of it in roughly four hours, erasing trillions in market cap across three continents.

The world's most valuable private company just admitted it doesn't believe public markets will pay its asking price so Altman's own bankers presented him with two options:

He could list this year at a lower valuation or he could wait until 2027 and try for the full trillion.

He picked the wait, and the New York Times quoted a source saying he called any haircut a "non-starter."

So basically: The man building "the most important technology in human history" doesn't think investors who actually have to mark their positions to market every day will hand him a trillion dollars right now.

The reason he's right to be scared is sitting on the SpaceX ticker.

Elon Musk's company IPO'd three weeks ago at a record $1.77 trillion valuation. The stock has since collapsed from $225 to $153, a 32% drop in seven trading days.

Musk lost his trillionaire status in the process and every other AI-adjacent name has been dragged down with it.

Altman watched that happen in real time and decided he'd rather burn another 18 months of compute cash than risk the same humiliation.

Meanwhile the financials underneath the trillion-dollar number look like this:

OpenAI did $13 billion in revenue last year on a $21 billion net loss. The company has committed roughly $600 billion in compute and hardware spending through 2030.

Revenue is climbing to $2 billion a month, but the spending climbs faster. They are losing money at a scale that would have ended any other company in tech history, and the only thing keeping the lights on is the next funding round at the next higher number.

The system Altman built depends on one thing: Each round has to price higher than the last, because that's what convinces the next round of investors to keep writing checks.

The moment public markets refuse to pay the markup, the whole structure starts pricing itself the other direction. Anthropic already overtook OpenAI's last private valuation at $965 billion in May. SpaceX is showing what happens when reality finally hits.

And SoftBank, the company that has bet $60 billion of borrowed money on OpenAI hitting that trillion-dollar mark, just had its worst session in weeks because the timer on Masayoshi Son's exit got pushed out another full year.

Son spent yesterday at the shareholder meeting calling SoftBank "the goose that lays golden eggs."

But the takeaway here is the TIMING:

Altman's advisors told him retail enthusiasm "may be limited given current market jitters." That is banker code for "the bubble is showing cracks and you'll get embarrassed if you try this right now."

The man who has been telling Congress, the press, and the public that AI will reshape civilization just looked at the order book and decided he doesn't want to find out what it's actually worth.

The real story here goes beyond the delay itself.

The most aggressive, hype-trained, valuation-obsessed CEO in modern technology just chose to wait rather than face a market that might say no.

When the loudest believer flinches, the rest of us should probably pay attention.

[James I. Pisano @DRedit]

@Vincelocke @Netflix_Sandman @neilhimself @DCComics @vertigo_comics This is a very old post... but just FYI, this poster was near and dear to my heart, and hung over my bed during my formative years :)

[James I. Pisano @DRedit]

@EHuanglu What's the use case of having 3D particles? (AI enthusiast here, not a 3D animator, in case that's a dumb question) ;)

[James I. Pisano @DRedit]

@AlBuffalo2nite Fake ai video. Terrible ai post text. Try harder.

[James I. Pisano @DRedit]

@HashemGhaili This is amazing... can you share the workflow? Was this NanoBanana stills then IMG to VID or just straight prompting in Seeddance?

[James I. Pisano @DRedit]

@icreatelife You continue to impress!!

[el.cine @EHuanglu]

doesnt matter if its real anymore..

[James I. Pisano @DRedit]

@realDonaldTrump Wow.

[James I. Pisano @DRedit]

@liz_churchill10 Any of you fools who think this is a real clip… god help you all

[James I. Pisano @DRedit]

@minchoi It’s great but it still looks and sounds like ai.

[Richard Entrup @entrup]

Just back home and still buzzing from an incredible week at the 8th annual ‘KPMG Tech & Innovation Symposium’ in stunning Deer Valley, UT, hosted by @KPMG_US at @MontageDV.

Loved reconnecting with visionary leaders driving the future of tech and innovation. The sessions on AI, quantum computing, post-quantum cryptography, the space economy, climate change, geopolitics, robotics, industrial manufacturing, semiconductors, health/longevity, AI Copyright, and many others, were all mind blowing. The moderated panels with board members, CAIOs, startup founders, and VCs/Investors were master classes.

Huge thanks to all the brilliant speakers and KPMG teams for making this event a success. Stay tuned for more highlights and check my LinkedIn for session details: https://t.co/cWvTX5rDyo

#KPMGTechandInnovation25 #KPMGEnterpriseInnovation #Innovation

@Jason @theallinpod @nlw @AIDailyBrief @PeterDiamandis @salimismail @GinaRaimondo @johnmaeda @realSharonZhou @AMD @jakedewitte @oklo @GamielGran @jerryjliu0 @llama_index @CarineClark @chrisfralic @backermann @LaurenBoyman @CliffJustice @ScottCrowder20 @DambrotJ @CraniumAi @TamiAErwin @may_habib @YvetteKanouff @JC2Ventures @ChristaLaser @LerrelPinto @tshelton @ScottStornetta @SuremarkDigital @crickwaters @philwiser @paramountco @GroqInc @AmplifyPartners @dauber @captainhaney @GreylockVC @Auditoria_AI @PlugandPlayTC @ttraina @KresusOfficial @worldnetwork

[James I. Pisano @DRedit]

@entrup @KPMG_US @MontageDV Can’t wait to watch the vids!!

[Richard Entrup @entrup]

Scored a @maxrosenart lithograph recently, delivered by the artist himself this weekend. Free delivery if you invite him to a BBQ!! 😎

This piece is called ‘Defective Characters’, a playful and poignant alphabet-inspired series. Try to guess what emotion and behavioral trait each letter stands for.. it’s fun!

More context on the intention of the work, from the artist himself;

“Defective Characters is a play on words. In typography, a character is a symbol representing a letter, numeral, punctuation mark, or other unit of language.

I also think of my alphabet as 26 defective ‘characters’ who live and breathe in some kind of bizarre comic book world.

This work is fun and funny, to be sure. But for me the context is also deeply serious and spiritual. The title also refers to Character Defects - the negative traits and behaviors that ruin lives and make people generally miserable.

Every letter is inspired by a specific incident in my life - something I felt, experienced, or witnessed. Thus, A is for Apathy, C is for Cruelty, H is for Hopelessness, R is for Resentment, T is for Terror, W is for Workaholism, and so on.

This piece represents my own personal journey in coming to terms with negative experiences and emotions, and transforming them into something creative, beautiful, and ultimately joyous.

Stylistically, this work is influenced by everything I absorbed coming of age in NYC in the 1970s. The air was thick with graffiti, comic books, and the exploding Street Art movement with all its Pop Art connections. I devoured it all. On the weekends I lived at the Metropolitan Museum of Art and MoMA. My heroes were Warhol, Picasso, Dali, Breughel, Bosch, and most influential of all, the anonymous Egyptian geniuses who lived from the 33rd-28th Centuries BC, who invented all those brilliant, cartoony, sideways-standing figures and symbols that I love so dearly.”

[The Dor Brothers @thedorbrothers]

"Mean"

Song: $NOT - Mean ft. Flo Milli

@realDonaldTrump @elonmusk @FearedBuck @ianmiles @TheFigen_ @nelkboys @ishowspeedsui @wallstreetbets @WallStreetMav

[🍥 Timmy 🍥 @IXITimmyIXI]

In response to Runway's new Gen-4 Video model announcement..

"Someone please try the video model turing test - flapping wings"

I had this laying around 🥹😎 (Made with Gen-4)

[Mike Pence @Mike_Pence]

Mr. President, Ukraine did not “start” this war. Russia launched an unprovoked and brutal invasion claiming hundreds of thousands of lives. The Road to Peace must be built on the Truth.🇺🇸🇺🇦

“Russia Invades Ukraine in Largest European Attack Since WWII” @FoxNews (February 24, 2022) https://t.co/ra8R9PI9oj

[James I. Pisano @DRedit]

@realDonaldTrump What a disgrace you are to the office of the president. Shame on you.

[James I. Pisano @DRedit]

@Nighttrekker3 @_akhaliq Not with natural language.