Subhankar

hard science

[Subhankar @bapism]

@ABPNews @abpanandatv @timesofindia @htTweets @ZeeNews @republic

[Subhankar @bapism]

Passport police verification issue — unnecessary document demands
@PMOIndia @MEAIndia @narendramodi @WBPolice @passportsevamea
@malda_police

[Subhankar @bapism]

I have the complete list of documents demanded and can share photographs/copies of the written communication if required. Could you please look into this matter?

[Milk Road AI @MilkRoadAI]

Chamath Palihapitiya just laid out the most important valuation question nobody on Wall Street wants to answer.

For 20 years, the Mag 7 won because they had the greatest business model ever invented, asset- ight software.

You write the code once, you sell it to a billion people, the marginal cost of the next customer is basically zero.

There is essentially no factories, no raw materials, no union workers, no physical infrastructure, just pure leverage, scale the revenue, barely scale the costs.

That's how you get 30x, 50x, 60x earnings multiples and the market was paying for compounding economics that had no natural ceiling.

But AI just blew that model up.

The hyperscalers, Amazon, Microsoft, Google, Meta are now projected to spend between $600 and $725 billion on capex in 2026 alone, up from $250 billion just two years ago.

That number is climbing, not plateauing and it's not just the chips and the data centers, it's the energy contracts underneath all of it.

When Microsoft re signed Three Mile Island, they locked in a 20 year forward purchase agreement at more than $100 per megawatt hour nearly double the prevailing spot rate of $60 for wind and solar in the same region.

That's a long term liability commitment baked into operating cash flows for two decades.

Here's where Chamath's math gets uncomfortable.

These five or six companies are now collectively spending so much that their capex has exceeded their free cash flow meaning they can no longer self fund growth from operations alone.

In 2025 alone, hyperscalers raised $108 billion in new debt and projections put the total debt issuance over the next few years at $1.5 trillion.

These are companies that, for two decades, were net cash accumulators and now they're going to the debt markets like everyone else with term loans, revolvers, and structured credit facilities.

That's Chamath's core point and it's a devastating one for anyone still modeling these companies the old way.

When a company is asset light, investors pay a premium for that lightness and the multiple reflects the belief that returns on capital will stay high indefinitely, because there's no heavy physical plant dragging them down.

But when Google starts looking like a utility locked into 20-year energy contracts, carrying hundreds of billions in debt, spending half its revenue on physical infrastructure, the rational multiple compresses.

You don't price a utility at 30x earnings, you price it at 12x.

His conclusion is that stop trying to value the hyperscalers themselves and follow the money instead.

A trillion dollars a year is flowing out of these companies into power companies, data center operators, chip manufacturers, cooling systems, fiber networks, rare earth metals.

The companies on the receiving end of that spending are already underpriced because the market is still staring at the senders while ignoring who's cashing the checks.

The asset-light era minted the most valuable companies in human history and the asset heavy era that's replacing it might be the best argument yet for owning everything around them instead.

[Subhankar @bapism]

Cooked

[Subhankar @bapism]

@GabbbarSingh Voted today. Very efficient and peaceful arrangements unlike other years. Zero local police in charge. All cops were from UP in my voting center.

[NoLimit @NoLimitGains]

🚨 Meet the first company officially wiped out by AI.

Which one is next?

[Subhankar @bapism]

Another day when large cap was lagging throughout the day and buying continued in small and midcap. Brace yourself for next bull cycle unless we go nuclear ☢️

[Anuj Dhar @anujdhar]

Kolkata in the 1870s. Old picture enhanced and coloured using @grok 🙏

[Subhankar @bapism]

Apocalypse Now Donaldux

[Yashar Ali 🐘 @yashar]

BREAKING

The Pentagon is preparing for weeks of ground operations in Iran, U.S. officials said, as thousands of American soldiers and Marines arrive in the Middle East for what could become a dangerous new phase of the war should President Donald Trump choose to escalate.

Such a mission could expose U.S. personnel to an array of threats, including Iranian drones and missiles, ground fire and improvised explosives.

Full Story: https://t.co/o43zgYD06c

[Christiaan Triebert @trbrtc]

New footage reveals an apparent U.S. or Israeli strike near a boys' school in Abyek, west of Tehran, on Feb. 28. Satellite imagery suggests a comms tower was the intended target, but flying debris killed a child on the playground. Story w/ @Parinlalala https://t.co/ZIHkb18Cvc

[Subhankar @bapism]

It’s again below $100 now ( from 118 to 93 and then 107 and now 98) . It’s to remain volatile till alternate supply chain stabilise

[Subhankar @bapism]

Oil beyond $100 per barrel would make things difficult for us. It’s still a reactionary price spike and this $84/ barrel too hold will require something substantial by the Iranian. Their entire A ranked leadership is gone and fighting and defeating the US is incomprehensible.

[Subhankar @bapism]

@nntaleb Iran will be more radical and Gulf will be more destabilised in coming days may be. Terrible risk reward assessment by the US.

[Mario Nawfal @MarioNawfal]

🚨🇺🇸🇮🇱 Tucker Carlson on the real story behind Operation Epic Fury:

"Netanyahu demanded that we help them topple the regime, telling Trump: 'You can join me or not, but I'm going.'

So you can either get on board, or contain Israel's war, try to be a moderating force, or tell them no, and they do it anyway."

If Tucker is right, this reframes the entire operation.

The White House sold this as America defending itself from an imminent Iranian threat.

Tucker is saying it was actually Israel giving Washington an ultimatum: ride along or watch from the sideline while we do it ourselves.

Source: @TCNetwork

[Chris Murphy 🟧 @ChrisMurphyCT]

I want to walk you through why it’s nearly certain Trump’s Iran War is going to be a massive, deadly, trillion dollar failure. And why you should be furious he’s set us on this path.

[a16z @a16z]

"Speed wins."

"You have to be willing to commit to being fast. You can't have long bureaucratic processes. You can't have a risk-averse posture."

@pmarca explains the OODA loop — and why the fastest operator controls the narrative in business, media, and politics:

"There's a framework called the OODA loop, originally developed for fighter pilots and later for broader military strategy."

"It stands for observe, orient, decide, act. It's basically the decision-making cycle."

"If speed is the thing that matters, then the person who gets through that cycle the fastest is the one who's going to win."

"If you can have a sustainably faster OODA loop processing cycle than the next guy — think about what happens… You operate and make a decision within an hour. The other guy is still inside his own OODA loop when you make your decision. He's only halfway through his process and now has to start over. You've changed the parameters of what's going on."

"This is also a big explanation for what's happened in traditional media."

"The New York Times has its own OODA loop, and it's like 24 hours to go through its process."

[Subhankar @bapism]

Oil beyond $100 per barrel would make things difficult for us. It’s still a reactionary price spike and this $84/ barrel too hold will require something substantial by the Iranian. Their entire A ranked leadership is gone and fighting and defeating the US is incomprehensible.