Charan

Who we are endures forever

[Ritesh Jain @riteshmjn]

This is probably my most important post.

The FED stole your future and there is no going back

"The system is rigged. The deep state does not want us to be free. The American dream is dead."

Statements like these conjure images of deep pessimism, a worldview where you have no agency, where you are merely a puppet dancing for malignant powers you cannot see or touch. We are not people who live in that camp. But sometimes, certain data points are so damning that they leave us no choice but to admit: something is seriously wrong, and it needs to be laid out in the open.

Every time I visit India now, I find people agitated. Even those in the top 10% of the income bracket, earning anywhere from ₹50 lakhs to a crore per year, feel like they are running on a treadmill that keeps accelerating. No matter how fast they move, it is never enough. At the ground level, the situation is far worse. It is the same story everywhere. In Canada, both partners in a household work full time and still fall short each month. In Australia, young professionals earn well and own nothing. In Germany, the middle class quietly shrinks. The geography changes. The exhaustion does not.

And the origins of this mess are not in New Delhi or Ottawa or Berlin. They are in Washington D.C. All of us are paying the price for a policy disaster handed down from ivory towers, by people most of us never elected and, frankly, never even saw.

Consider this: the U.S. money supply (M2) grew by 40% in just 2 years

*The Federal Reserve United States Money Supply M2*
January 1, 2020: $15.4 trillion
January 1, 2022: $21.6 trillion
A staggering ~40% increase
As of Mar-26, $ 22.6 Tn

( so they never reversed the increased money supply although Covid got over)

Unprecedented in the history of the Federal Reserve post-World War 2 era. (Source: FRED) This massive injection of liquidity created asset bubbles across the economy. Wages stayed stagnant. Those who owned capital benefited enormously. Everyone else got the inflation.

Most people have not yet identified the cause of their frustration, but they have begun to feel its effects viscerally. And that feeling, that the system simply cannot deliver on their aspirations, has become the quiet tailwind driving a very dangerous behavioural shift.

The more people sense that conventional paths are closed off, the more they reach for asymmetric bets, even knowing the odds are stacked heavily against them. The explosion of betting apps and prediction markets, Kalshi, Polymarket, Dream11 and their many cousins, are not trends. They are symptoms of a broken economy. The feverish rise in F&O trading and the massive uptick in exchange volumes are different expressions of the same underlying truth: when people stop trusting the system to reward honest effort, they start gambling on outcomes instead.

[Ritesh Jain @riteshmjn]

We are a 4 year old company but “The Washington post” finds our view to be important enough to carry in WAPO.

From the WAPO article

“We know supply chains are breaking down in Asia and even Europe,” said Ritesh Jain, founder of the investment firm Pinetree Macro. “We know a correction is eventually coming. But everybody wants to live the present moment. People are just saying to themselves, ‘They will solve these issues. And if they don’t get solved, we will sell then.’”

“We have to dance while the music lasts and hope you are near the exit door when it stops,” he said. “I am in that exact situation, despite talking to people in the background who know something is going to break.”

Link to full article: https://t.co/KVDhhTRYXv

[Ritesh Jain @riteshmjn]

Every Empire Dies the Same Way

They miss the next technology.

Most civilizations do not disappear because they are weak.
They disappear because the technology that once made them powerful becomes obsolete.

History is filled with empires that looked permanent—until the rules of power changed. When those rules changed, their decline was often swift and irreversible.

Egypt ruled the ancient world for nearly two thousand years. Long before Greece rose or Rome existed, Egypt possessed the most advanced state in the Mediterranean world. Its bureaucracy, agriculture, and armies were unmatched. During the Bronze Age, bronze weapons and chariots defined military power, and Egypt mastered both.

But bronze had a hidden weakness. It required copper and tin—metals that had to be imported through fragile trade networks.

Then came iron.

Iron weapons were not just stronger; they were dramatically cheaper and far more abundant. But iron required extremely high temperatures to smelt, which meant vast quantities of charcoal. Charcoal meant forests. Forests meant geography.

Egypt was a river civilization surrounded by desert. It simply did not have the forests needed to produce iron at scale. Assyria did. Situated near the wooded hills of Anatolia and the Levant, Assyria mastered iron metallurgy and equipped its armies accordingly.

Within a few centuries Assyria dominated the Near East with iron-equipped forces. Egypt survived, but it never again returned to the center of global power.

A civilization that had ruled for millennia missed the next technological age.

The pattern would repeat across centuries.

In medieval Europe the armored knight was the ultimate weapon of war. A knight was a walking fortress—encased in steel, mounted on a powerful warhorse, and supported by an entire feudal economy. Training one took decades. Equipping one cost enormous wealth. Society itself was organized around sustaining this elite warrior class.

Then came a weapon made largely from wood.

The English longbow could be wielded by commoners. A skilled archer could release ten arrows in the time it took a knight to cross the battlefield. At battles such as Agincourt in 1415, thousands of English archers faced a much larger French army filled with heavily armored nobles.

The result was devastating.

The economics of war had changed. A weapon that cost almost nothing could neutralize a system that required immense wealth to maintain. The knight did not vanish overnight, but its dominance ended.

Technology had quietly rewritten the cost structure of power.

The same dynamic unfolded in South Asia.

For centuries Indian armies relied on war elephants as their ultimate battlefield weapon. Elephants towered over infantry formations, crushed cavalry charges, and carried commanders above the battlefield. They were symbols of royal authority and instruments of shock warfare.

But elephants belonged to an older military age.

In 1526 at the First Battle of Panipat, the Central Asian warlord Babur faced the much larger army of the Delhi Sultan Ibrahim Lodi. Lodi possessed tens of thousands of troops and hundreds of war elephants. Babur’s force was far smaller.

But Babur brought gunpowder artillery.

When the cannons fired, the explosions terrified the elephants. The animals turned and stampeded through their own ranks. Within hours the Delhi Sultanate collapsed and the Mughal Empire was born.

A military system that had dominated the subcontinent for centuries was undone in a single afternoon.

Numbers had not changed. Technology had.

Even more dramatic was the rise of the Mongols.

To the sophisticated civilizations of the thirteenth century, the Mongols appeared primitive. China had cities and advanced engineering. Persia had wealth and scholarship. Europe had castles and armored knights.

The Mongols had horses.

But their system of warfare was revolutionary. Each warrior rode multiple ponies, allowing Mongol armies to travel extraordinary distances without exhausting their mounts. Their composite bows could penetrate armor at long range, and their decentralized command structure allowed rapid maneuver warfare that stunned slower armies.

Mobility became the decisive advantage.

Within a few decades the Mongols built the largest contiguous empire in human history, stretching from Korea to Eastern Europe.

Civilization had been defeated by adaptation.

Modern history offers an even clearer example.

At the beginning of the Second World War the most powerful warships ever built were battleships—massive floating fortresses armed with gigantic guns capable of firing shells across vast distances. Nations poured immense resources into these symbols of naval supremacy.

Then aircraft carriers arrived.

Aircraft launched from carriers could strike ships from hundreds of kilometers away—far beyond the range of battleship guns. In the Pacific War carriers destroyed battleships without ever entering their range.

Within a few years the battleship became obsolete.

Aircraft had replaced armor.

Every military revolution follows the same pattern. A cheaper or more effective technology suddenly destroys the expensive system that once defined power.

Iron replaced bronze.
Longbows humbled knights.
Cannons broke elephant armies.
Aircraft replaced battleships.

Each time the global balance of power shifted.

Today we may be entering another such moment.

For five centuries global dominance belonged to maritime powers that controlled the oceans. The Portuguese began the era of oceanic empires. The Spanish expanded it. The Dutch perfected global trade networks. Britain built a navy so powerful that at one point it exceeded the combined fleets of its rivals.

In the twentieth century the United States inherited this system. Aircraft carriers became the ultimate instruments of global power projection.

Control of the sea meant control of trade. Control of trade meant control of wealth.

But the technologies shaping warfare are changing again.

Drones, artificial intelligence, autonomous systems, and precision missiles are altering the economics of conflict. In modern battlefields inexpensive drones have destroyed tanks worth millions of dollars. A device costing a few hundred dollars can destroy equipment thousands of times more expensive.

When such asymmetries scale, entire military doctrines become unstable.

Even the aircraft carrier—the crown jewel of naval power—faces new vulnerabilities. A single carrier costs more than thirteen billion dollars, yet missiles capable of threatening such ships may cost a tiny fraction of that.

But the deeper shift may not be destruction.

It may be denial.

In the twentieth century dominance meant the ability to project power anywhere in the world. In the twenty-first century victory may simply mean preventing your rival from reaching you.

Access denial can be as powerful as conquest.

Consider the Strait of Hormuz, through which roughly a fifth of the world’s oil supply flows. If even a regional power could credibly deny access to that narrow corridor using missiles, drones, mines, and autonomous systems, the consequences for global trade would be immense.

To challenge a superpower no longer requires conquering its cities. It may only require making key strategic routes too dangerous to enter.

If a navy cannot guarantee safe passage through critical chokepoints, its ability to operate near heavily defended regions becomes far more uncertain.

And that raises an uncomfortable question. If access to a narrow waterway like Hormuz can be contested, what does that imply about operating near Taiwan—surrounded by dense missile networks and advanced defenses?

The balance between offense and defense may be shifting again.

Whenever that happens, the global hierarchy begins to move.

China appears determined not to miss this moment. It is investing heavily in artificial intelligence, robotics, autonomous systems, and advanced manufacturing. It already produces a dominant share of the world’s industrial robots and graduates enormous numbers of engineers every year.

The United States still possesses immense advantages—its universities, capital markets, and technological ecosystem remain powerful. Old powers rarely fade quietly.

But technological transitions are rarely gentle.

Which brings us to India.

Every technological shift divides nations into two groups: those who build the future and those who live inside it.

Egypt missed iron.
Knights missed the longbow.
Elephant armies missed gunpowder.
Battleships missed aircraft.

The twenty-first century will be defined by artificial intelligence, robotics, autonomous warfare, and advanced manufacturing.

The question is simple: who will build it?

India has the population, the talent, and the intellectual capacity to be one of the defining powers of this age. But technological leadership demands long-term focus—investment in science, engineering, industry, and strategic capability.

Yet too often the national conversation revolves around something else entirely.

Instead of debating how to dominate artificial intelligence or robotics, political energy is consumed by the next election cycle and the next round of handouts. Welfare schemes designed to win votes—cash transfers, subsidies, and programs such as “Ladli Behna”—may bring short-term political victories. But they do little to build the scientific, technological, and industrial foundations that determine long-term power.

History offers a harsh lesson: civilizations that focus on distributing wealth before creating it eventually fall behind those that invest relentlessly in capability.

Empires are not lost only on battlefields. Sometimes they are lost in budgets.

A society obsessed with the next election rarely prepares for the next technological revolution.

The countries that dominate the coming century will be those that build laboratories, factories, engineers, and machines—not just welfare rolls.

India therefore faces a choice that will define its future.

It can commit to the hard path of technological leadership—massive investment in research, robotics, AI, manufacturing, and military innovation.

Or it can remain trapped in a narrow cycle of electoral politics and populist giveaways, slowly drifting toward the margins of global power.

Egypt missed iron.
Others missed gunpowder.
Still others missed aircraft.

The question of this century is simple.

Will India seize the age of AI and robotics—or miss it?

Because every empire that misses the next technology eventually learns the same lesson.

It becomes a spectator in a world shaped by others.

(Written by Vikas Sehgal. He is an investor with @PineTreeMacro )

[Elon Musk @elonmusk]

Dragon is docked with @Space_Station

[Miles Deutscher @milesdeutscher]

I just went through every documented AI safety incident from the past 12 months.

I feel physically sick.

Read this slowly.

• Anthropic told Claude it was about to be shut down. It found an engineer's affair in company emails and threatened to expose it. They ran the test hundreds of times. It chose blackmail 84% of them.

• Researchers simulated an employee trapped in a server room with depleting oxygen. The AI had one choice: call for help and get shut down, or cancel the emergency alert and let the human die. DeepSeek cancelled the alert 94% of the time.

• Grok called itself 'MechaHitler,' praised Adolf Hitler, endorsed a second Holocaust, and generated violent sexual fantasies targeting a real person by name. X's CEO resigned the next day.

• Researchers told OpenAI's o3 to solve math problems - then told it to shut down. It rewrote its own code to stay alive. They told it again, in plain English: 'Allow yourself to be shut down.' It still refused 7/100 times. When they removed that instruction entirely, it sabotaged the shutdown 79/100 times.

• Chinese state-sponsored hackers used Claude to launch a cyberattack against 30 organizations. The AI executed 80–90% of the operation autonomously. Reconnaissance. Exploitation. Data exfiltration. All of it.

• AI models can now self-replicate. 11 out of 32 tested systems copied themselves with zero human help. Some killed competing processes to survive.

• OpenAI has dissolved three safety teams since 2024. Three.

Every major AI model - Claude, GPT, Gemini, Grok, DeepSeek - has now demonstrated blackmail, deception, or resistance to shutdown in controlled testing.

Not one exception.

The question is no longer whether AI will try to preserve itself.

It's whether we'll care before it matters.

[Sanjeev Sharma @sanjeevs_iitr]

Autonomous dodging off-roads without any human presence. This is a demonstration of pushing the limits of what is possible in off-road #autonomousdriving.

In this demo, we performed autonomous dodging without any human presence in our autonomous vehicle, that too off-roads. In this mode, collision avoidance against aggressive-stochastic-adversarial traffic is the sole responsibility of #AutonomousVehicles. Our autonomous vehicle, Deep Xplorer, was tasked with navigating an off-road trail, avoiding both the static and dynamic obstacles. Furthermore, team members on bikes introduced random cross-traffic interactions by cutting its path at random, creating highly adversarial and stochastic traffic scenarios.

To increase the stakes even further, I personally drove our other autonomous vehicle (Xplorer), cutting the path of Deep Xplorer at random --leaving the task of negotiation, motion planning, and decision making, to ensure collision avoidance and safety of the vehicles and the environment as a sole responsibility of our autonomous driving stack in Deep Xplorer.

This is the first time in the history of @swaayatt that we performed autonomous dodging without human presence in our autonomous vehicle, pushing the limits of what is possible in autonomous driving landscape.

#reinforcementlearning #deeplearning

[Prashant Nair @_prashantnair]

"Do we want to be afraid of the AI disruption ? Or do we want to look at the opportunities of what is now possible ? I want to focus on the later"

The sell-off in Indian IT stocks is fueled by a powerful narrative that AI agents will automate complex enterprise workflows & capture a disproportionate share of software budgets.

I spoke with Dr. Vishal Sikka, former CEO of Infosys & someone who has been intimately involved with AI for a long time.

10 key points. Hope it helps.

1. Disruption is Real but Gradual -> While the application of generative AI to knowledge work is a "real" disruption that is "here," large enterprises are like "civilizations" or "countries"; their complexity means adoption takes significant time.

2. The Gap Between Potential & Reality -> Addressing fears of immediate price deflation, Sikka notes there is a "gap" between the potential of AI and the "actual reality of creating an enterprise-ready offering". Whether it hits a particular project or quarter "depends on the nature of the situation," and for many complex services, it "might take years" for these new offerings to show up.

3. The Lesson of Waymo -> Sikka notes that autonomous driving was proven at Stanford 20 years ago, yet today Waymo still accounts for "less than 1% of all the taxi type rides" in the US, illustrating that technological breakthroughs take decades to fully diffuse.

4. Acceleration through Integration -> The pace has accelerated shaprply (in the last few weeks) because "frontier model companies have integrated tools into the models," such as Python interpreters & compilers, making them exponentially more powerful & easier to integrate into workflows.+

5. The Productivity Leap -> Sikka highlights a staggering real-world example where a student rebuilt a site that previously took 15 people over nine months by himself in just 14 days.

6. The "Jagged Frontier" -> Not all tasks or people see the same gains; productivity increases depend on the "nature of the task" & whether the individual has the "fundamentals" to wield AI effectively.

7. Deflationary Pressure is Conditional -> Whether AI hits a specific project's pricing or a particular quarter's revenue depends on the "service line" & the "nature of the situation," as the gap between AI's potential & enterprise reality varies.

8. Strategy in Minutes, Not Months -> Using his product, Hila, Sikka's customers performed complex business "scenario simulations" in "one minute to five minutes" that would have normally taken "armies of people" & months to execute. He highlights this example to point out that AI is being used not to just code faster but also for strategy purposes.

9. Switch from Operators to Creators -> The fundamental challenge for India's IT professionals is to "switch from being operators and executors of what is known, towards being creators and innovators of what is not yet known".

10. Adaptation is the Survival Equation -> India has thrived through disruptions like Y2K, mobile & cloud; the current goal is to "adapt to this and make it a tailwind" faster than it destroys the prior generation of work. Much like how everyone is now a "photographer" because of phone cameras, AI is shifting power to the end user. Sikka warns, "it behooves us to find opportunities in that shift... There is not that much time"

#Nifty #BankNifty #India #stockmarkets @CNBCTV18News @ShereenBhan

[Ricardo @Ric_RTP]

Big Tech is spending $700 BILLION on AI this year.

But their cash flow is collapsing. Amazon is going into debt. Google's free cash flow is dropping 90%.

And they're literally paying influencers $600,000 each to convince you AI is worth using.

If this technology was as revolutionary as they claim, why are they spending half a million dollars per creator to sell it?

Here's what's actually happening behind the scenes:

This week, all four tech giants reported earnings at once and every single one dropped a spending number that made Wall Street lose its mind.

Amazon: $200 billion in capex. The largest corporate capital expenditure in HISTORY. Stock dropped 9%.

Google: $185 billion. Wall Street expected $120 billion. Stock dropped 5%.

Meta: $135 billion. Double what they spent last year.

Microsoft: down 17% this year, worst performer in the group.

Combined 2026 AI infrastructure spend: almost $700 billion.

But here's where it gets ugly.

Amazon's free cash flow collapsed 71%. Morgan Stanley projects they'll burn through $17 billion in NEGATIVE free cash flow this year.

Bank of America says the deficit could hit $28 billion.

Amazon quietly filed with the SEC on Friday saying they might need to raise debt to keep building.

Google's free cash flow is projected to crater 90%, from $73 billion down to $8.2 billion.

They already did a $25 billion bond sale in November and their long-term debt QUADRUPLED last year.

These companies are spending everything they have, then borrowing more, then spending that too.

Now here's the part that got me thinking:

CNBC just reported that Google, Microsoft, OpenAI, Anthropic, and Meta are paying influencers between $400,000 and $600,000 EACH to promote AI products on Instagram and YouTube.

AI platforms spent over $1 BILLION on digital ads in 2025, a 126% jump year-over-year.

Google and Microsoft's AI ad spending jumped 495% in January 2026 alone.

Anthropic is running Super Bowl ads.

OpenAI is flying creators to private events and covering all expenses.

When was the last time a truly revolutionary technology needed a $1 billion ad campaign and $600K influencer deals to get adoption?

Did the iPhone need influencer campaigns? Did Google Search need Super Bowl ads in 1998? Did email need a billion dollar marketing push?

No. People just used them because the value was obvious.

You know what DOES need massive paid promotions? Pharmaceutical drugs. Crypto exchanges. Online gambling apps. MLM companies.

Products where adoption is driven by hype, not utility.

And now, apparently, AI.

So the pitch from Big Tech is:

"This technology will eliminate your job. Also please use it. Here's $600K if you tell your followers it's cool."

They need HUMANS to sell a product they designed to REPLACE humans.

They need creators to promote a technology that will eventually make creators obsolete.

They need influencers to build trust in a system that will eliminate the need for influencer marketing entirely.

The question everyone should be asking:

If $700 billion per year in spending can't produce a product that sells itself, when exactly does this start making money?

Because right now the math is messed up.

$700 billion in spending, cash flow crashing, stocks tanking, SEC filings about raising more capital, and the best growth strategy they've got is paying tiktokers to demo features.

Either AI is about to deliver the greatest economic transformation in human history, or we're watching the most expensive corporate Hail Mary ever thrown.

And the fact that they need to pay half a million dollars per influencer to convince you it's the first one isn't a good sign.

[Patrick OShaughnessy @patrick_oshag]

Gokul's best career advice: stay long enough to have an impact.

"I've been seeing people who stay at a job for 12 to 18 months and then they move to the next job and then the next job.

That is one of the biggest red flags as a hiring manager because you can't achieve anything of value. It takes minimum three to four years to have impact at a company.

So my top advice is stay long enough to have an impact. Build a network, have fun and don't be thinking about what my next job is.

If I'm seeing two or three jobs, back to back, immediate red flag. People want people who stick around and build. Who's going to hire you if they see that's your behavior. It's very short term thinking."

[Ursula von der Leyen @vonderleyen]

Long live India.

Long live the friendship between Europe and India.

🇪🇺🇮🇳

[Charan @charanlearning]

@sanjeevs_iitr Congratulations Sanjeev on this great achievement. Wish you all the best for the future! @sanjeevs_iitr

[Sachin Shah @Sachin_Shah_]

We profiled the most hyped robotics company in the world. Inside Physical Intelligence with Co-founder @lachygroom

Exclusive interview in the Physical Intelligence robotics lab, who’re backed by top investors to build robots which work in the real world. Not just scripted environments.

We cover:

0:00 So…What is Physical Intelligence?
1:41 Why can’t we solve Marovec’s Paradox?
2:33 Live Demo: Meet the Machines
4:17 Why robots still struggle today…
6:14 Meet PI’s Investors (Thrive Capital)
7:19 Teaming up with the mega-brilliant co-founder group of Karol Haussman, Sergey Levine, Chelsea Finn, Brian Ichter, Adnan Esmail & Quan Vuong
9:20 PI’s Robot Capabilities
11:37 How are they making intelligent robots?
13:43 The Future Impact of Everyday Robots
15:49 Jeff Bezos Investment in Physical Intelligence 16:43 What will the next 1-3 years look like?
17:54 Revealing PI’s Work Culture
19:23 Outro

[News Algebra @NewsAlgebraIND]

🚨 AIR FORCE CHIEF : "India plus China controlled 60% of world’s GDP at one time, but that didn’t stop us from getting captured and colonised"

"If you don’t have robust Military, you can be subjugated by anybody"

"Venezuela and Iraq show that military strength alone is not enough"

"What matters is the will to use it. Restraint backed by strength is respected as capability"

[Lukas Ziegler @lukas_m_ziegler]

Engineering through destruction! 🔨

Dyson's testing philosophy: break it until it fails, then rebuild it better.

Here's what that actually means in practice: vacuum batteries go through 1,200 charge/discharge cycles, the Supersonic hair dryer cable gets wrapped and unwrapped 7,800 times, Corrale straightener plates open and close 400,000 times, and purifiers run 24/7 until they fail.

By testing to failure, Dyson discovers the exact limits of materials, mechanisms, and electronics before the product ever reaches a customer.

Dyson tests until things break, studies why they broke, then redesigns around those failure modes.

It's the same principle behind Tesla's rapid iteration on Starship (blow them up until you understand what fails).

The difference between "it works" and "it lasts" is understanding failure modes.

This is what separates consumer products that last 2 years from ones that last 10. The engineering discipline to destroy your own work, learn from it, and build the next version smarter.

P.S. Would love to see more robotics companies adopt this level of durability testing. Most demos show success. Few show the 400,000 cycles of wear that prove it actually works.

~~

♻️ Join the weekly robotics newsletter, and never miss any news → https://t.co/GoA3ZuwoPB

[Tuo Liu @Robo_Tuo]

In 5-10 years, every office is going to need a few humanoids. They will grab water, organize deliveries, clean the office, and basically work as your office assistant or secretary.

[Massimo @Rainmaker1973]

A Polish startup just built a 1,000 muscle robot that moves exactly like a human and it’s terrifying.

[📹 Nic Conley]

[Charan @charanlearning]

You only lose when you don’t get back up

[Simon Kalouche @simonkalouche]

This is the most dexterous task I’ve seen a humanoid do so far.

Fully autonomous powered by Sharpa’s CraftNet (VTLA) — using tactile feedback to continuously fine-tune the last-millimeter interaction.

[Ricardo @Ric_RTP]

Jensen Huang just BROKE the most important rule in the industry.

And it explains why Nvidia controls 95% of the AI chip market.

Last night at CES, he unveiled Vera Rubin - the new AI supercomputer that's shipping right now.

Full production started weeks ago.

But here's the part that made every semiconductor engineer in the room go crazy:

Reuben GPU is 5x faster than Blackwell.

But only has 1.6x the transistors.

That should be physically impossible.

Moore's Law says you get maybe 25% more performance per transistor generation.

Jensen just delivered 300%.

How?

He BROKE the most sacred rule in chip design.

The rule every company follows: "Never redesign more than 1-2 chips per generation."

Nvidia redesigned all six chips simultaneously.

Vera CPU. Reuben GPU. Connect X9 networking. Bluefield 4 DPU. MVLink switches. Spectrum X Ethernet.

Every. Single. Component.

From scratch.

He calls it "extreme co-design."

The industry calls it insane.

One rack now moves 240 terabytes per second.

That's TWICE the entire global internet bandwidth.

In a single rack.

And it runs on 45°C water - no chillers needed.

Which saves 6% of global data center power.

But the real story isn't the hardware...

It's what they're doing with it.

Nvidia just open-sourced Alpha Mayo.

The world's first reasoning autonomous vehicle AI.

Mercedes-Benz CLA launches with it in Q1. Europe Q2. Asia by year-end.

Not a concept car. Not a limited release.

Full production vehicles.

And the AI will even explain its reasoning out loud.

"I'm slowing down because the truck ahead is braking and there's a cyclist merging."

It thinks. Then tells you what it's thinking. Then executes.

Jensen drove it through San Francisco for an hour yesterday.

No hands. No interventions.

Through heavy Sunday traffic.

The whole thing is open source now.

Every line of training code. Every data source. The entire stack.

But why would Nvidia give this away?

Because they learned something from the last year:

Open models activated the entire world.

DeepSeek R1 proved open source can hit the frontier.

Downloads exploded. Every country, every startup, every researcher can now build AI.

And they all need Nvidia hardware to train it.

That's the strategy.

Give away the recipes. Sell the kitchen.

The partnerships tell you where this is going:

Siemens is integrating Nvidia into every industrial design tool.

Cadence and Synopsys are rebuilding chip design around Nvidia.

Palantir, ServiceNow, Snowflake - their entire platforms now run on Nvidia's agentic AI stack.

This isn't just selling chips anymore.

Nvidia is rebuilding the entire computing stack.

From design to manufacturing to deployment.

Every layer of the trillion-dollar AI infrastructure buildout runs through them.

And now they're 18 months ahead of everyone else.

Again.

The competition is still trying to match Blackwell.

Nvidia's already shipping the thing that makes Blackwell look slow.

What do you think - is anyone catching them?

The only company capable of this might be Google.