RK

🇨🇦 I post about content worth noticing; AI, Fintech, Canadian Landscape, and Articles on tech & self improvement. Top positions $NFLX, $GOOGL, $DFN

[RK @_rknotes]

Week of May 24

May 24 - OpenAI’s Q1 financials surface ahead of its IPO. The company is losing $1.22 for every $1 of revenue. $25B in ARR at an $852B valuation.

May 25 - Anthropic is set to close a $30B funding round at a $900B+ valuation — surpassing OpenAI as the most valuable private AI company in the world.

May 26 - Huawei announced new smartphone chips coming this fall, escalating its rivalry with Nvidia and Apple.

May 27 - A Google software engineer was charged for making $1.2M on Polymarket using insider information. He bet on Google’s own “Year in Search” data before it was published.

May 28 - Jamie Dimon publicly slammed Coinbase’s Brian Armstrong over the crypto bill fight in Washington.

May 29 - CME launched 24/7 Bitcoin and Ether futures trading. The CME gap is officially dead. Institutions traded $3 trillion in crypto futures on CME last year alone.

May 30 - Stocks closed out a record week and a banner month for the S&P 500. Wall Street dumped its crash hedges as most-shorted stocks jumped 30%.

[RK @_rknotes]

@jeremyct I will be home schooling my kids 🫡

[RK @_rknotes]

@MarcNixon24 Woah, 200k for food on 3 flights? That’s nuts, what is happening in Canada omg

[RK @_rknotes]

Ramp is one of the fastest growing fintech right now.

I love the idea of 3rd pillar.

1st Pillar - People
2nd Pillar - Vendors
3rd Pillar - Tokens

To all the businesses who have or are using Ramp, what’s your experience with them?

[RK @_rknotes]

@KevinSzabo14 I like Montellier over Perrier

[RK @_rknotes]

@gurgavin I’ve been saying, Google is a tech fund themselves. Time to buy calls folks

[RK @_rknotes]

@Cryptotea Just shows faith in Trump 😶

[RK @_rknotes]

@XFreeze Lowkey at this point I’m thinking of getting cursor so I can use all models

[RK @_rknotes]

@Wealthsimple This makes me think it’s not growth, rather a pump not backed by value. 😬

[RK @_rknotes]

@AlexH_Johnson What!? I want one wth. @Wealthsimple bring out the wand

[RK @_rknotes]

@eglyman It’s been about 2 years since I have been following Ramp (outside of X), pretty sick growth ngl

[RK @_rknotes]

Ramp is one of the fastest growing fintech right now.

I love the idea of 3rd pillar.

1st Pillar - People
2nd Pillar - Vendors
3rd Pillar - Tokens

To all the businesses who have or are using Ramp, what’s your experience with them?

[Eric Glyman @eglyman]

Today, Ramp raised $750M at a $44B valuation.

Last time we grew this fast, we were 1/20th the size.

For 2000 years, business was built on two pillars. Today, a third: intelligence.

It’s your least governed cost. It’s also your single greatest opportunity.

[RK @_rknotes]

A reminder for every startup founder today.

OpenAI just dropped Sites. Build and share web apps directly from Codex. One prompt, one URL.

Somewhere right now, there is a founder who raised money, hired a team, and spent 18 months building exactly this.

This is what it looks like to get Sherlocked by a ~trillion dollar company.

https://t.co/erZFSpG54T

[RK @_rknotes]

Everyone thought AI would give developers their lives back.

Instead, it turned them into vampires.

Up all night supervising 20 AI agents because going to sleep means losing ground. And yet completely ecstatic.

Here is what is actually happening. Demand for code has always been infinite. The constraint was never ideas. It was execution speed. AI removed that and now every shelved project is suddenly on the table.

The ceiling did not lower. It disappeared.

Three things worth paying attention to:

Developers who master agent orchestration become multipliers. They are not writing code anymore. They are managing leverage.

Companies that move into this mode first will compound faster than anyone expects. Shipping speed just got 20x cheaper.

The ones who do not adapt will not fall behind slowly. They will wake up and realize the gap is already uncloseable.

Top AI coders are making $50 million a year. Not because the code got more valuable. Because directing intelligence at scale became the rarest skill in the market.

That window is open right now.

[RK @_rknotes]

@MarkJCarney Ahhh, spending more money… to eliminate more jobs 🫡🇨🇦💪

[RK @_rknotes]

@JinjingLiang Did this man just do a push up… that’s it I’m investing in Nvidia

[RK @_rknotes]

@jaiyagill Elon? @grok how tall is Elon?

[RK @_rknotes]

Everyone thought AI would give developers their lives back.

Instead, it turned them into vampires.

Up all night supervising 20 AI agents because going to sleep means losing ground. And yet completely ecstatic.

Here is what is actually happening. Demand for code has always been infinite. The constraint was never ideas. It was execution speed. AI removed that and now every shelved project is suddenly on the table.

The ceiling did not lower. It disappeared.

Three things worth paying attention to:

Developers who master agent orchestration become multipliers. They are not writing code anymore. They are managing leverage.

Companies that move into this mode first will compound faster than anyone expects. Shipping speed just got 20x cheaper.

The ones who do not adapt will not fall behind slowly. They will wake up and realize the gap is already uncloseable.

Top AI coders are making $50 million a year. Not because the code got more valuable. Because directing intelligence at scale became the rarest skill in the market.

That window is open right now.

[RK @_rknotes]

Yessir! I’d say TFSA + FHSA priority as a first time home buyer. RRSP is a tax deferred so second priority for that, use it as a way to save on taxes. Don’t over contribute, because it’s basically locked away. We have 60k limit to purchase a home from RRSP, so FHSA + RRSP = dp for your first home. You will need to repay RRSP but still better than not having it. Any surplus, it’s okay to put it in non registered. Not a big fan of RRSP.

[RK @_rknotes]

@SaulWgmi @grok answer it

[RK @_rknotes]

A reminder for every startup founder today.

OpenAI just dropped Sites. Build and share web apps directly from Codex. One prompt, one URL.

Somewhere right now, there is a founder who raised money, hired a team, and spent 18 months building exactly this.

This is what it looks like to get Sherlocked by a ~trillion dollar company.

https://t.co/erZFSpG54T