Buy the Rumor; Sell the News

Home
Notes
Archive
Leaderboard
About
What LPs Get Wrong About AI
A strategic memo for institutional investors chasing AI exposure
 • 
Dave Friedman
2
McKinsey Doesn't Understand AI
Don't bet your company's AI future on consultants
 • 
Dave Friedman
5
LLMs Are a Lock-In, Not a Leap
LLMs may be sub-optimal but path dependence in tech is real
 • 
Dave Friedman
1
The Coming Data Center Shakeout
Some time in the 2030s we'll be in a post-GPU era but today's data centers are optimized for GPU compute
 • 
Dave Friedman
AI Models Eat Software
Software no longer eats the world
 • 
Dave Friedman
2
The AI Boom Is an Infrastructure Supercycle
AI is about infrastructure more than it is about software
 • 
Dave Friedman
8
AI’s Next Battle Is Legal, Not Technical
Is consumer protection or national security more important?
 • 
Dave Friedman
When Cooler Chips Kill Nvidia's Moat
What happens to Nvidia in a post-GPU future?
 • 
Dave Friedman
6
Why Enterprise AI Adoption Will Be Asymmetric and Slow
Welcome to the hundreds of new subscribers who have joined over the past few weeks.
 • 
Dave Friedman
3
Enterprises will be Slow to Adopt AI
Welcome to the hundreds of new subscribers who have joined over the past few weeks.
 • 
Dave Friedman
7
The AI Power Crisis Begins in Texas
Texas is in an undeclared war over electricity.
 • 
Dave Friedman
2
What if We're Building too Much AI Infrastructure?
We're spending tens of billions of capex dollars on vast datacenters but what if the AI future is more efficient and runs cooler?
 • 
Dave Friedman
11
© 2025 Dave Friedman
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture