超大规模企业新增净债务

.@POTUS is right. Snowmelt from the Sierra Nevadas and rainfall sent almost 30 million cubic acres of water into the Sacramento River Delta over the past 15 months. Of this, only 23% was sent to productive use in farml

~90% of frontier lab compute now goes to post-training and inference.

In the last week of September, DeepSeek models processed more tokens on OpenRouter than OpenAI, Google, Anthropic and xAI models combined.

The blue states in the image below have electricity prices that are as much as 4x the electricity rates of the red states. This is not due to any technological inferiority in those blue states but specific policy decisi

We've talked a lot about this on the Pod, but the Great SaaS Meltdown has started and there's no going back. What exactly is happening? In short, hi growth, low/no profitability SaaS is no longer a winning strategy bec

Has your lived experience in California gotten 3x better in the past 20 years? Because your taxes and borrowing have gone up to triple spending in that same time. California Population: 2004: 35.6M 2024: 39.4M Californ

98% of US households aren't paying for AI yet More charts in State of Markets II:

Call center jobs grew ~4% annually for 15 years Now they’re shrinking 4% annually Charts of the Week:

DeepSeek takes the lead: DeepSeek V3-0324 is now the highest scoring non-reasoning model This is the first time an open weights model is the leading non-reasoning model, a milestone for open source. DeepSeek V3-0324 ha

America has 16,876 machine shops. 83% employ fewer than 20 people. Just nine employ more than 500. New defense companies are moving from prototypes to mass production, and every missile, drone, ship, and rocket they ul

Memory is taking over Hyperscaler CapEx. In CY23 and CY24, memory was ~8% of total Hyperscaler spend. We estimate it hits 30% in CY26 and moves higher in CY27. That's a near-4x shift in just four years. (1/4) 🧵

Beef production has been the largest driver of deforestation this century. Over the last two decades, around 128 million hectares of forest have been cleared to make way for agriculture and forest plantations. That’s an