Equity Long-Short, Semiconductors, Fabricated Knowledge

Douglas O'Laughlin

Equity Long-Short, Semiconductors

Fabricated Knowledge

Learn more about the world's most important manufactured product. Meaningful insight, timely analysis, and an occasional investment idea.

Equity Bottom-Up

<ul>
<li>"It is so much cheaper to do simulations than real experiments, so much more flexible in testing...we can even do things which cannot be done in any lab… So it’s inevitable this trend will continue for some time." - Richard Hamming, <a href="https://www.amazon.com/Art-Doing-Science-Engineering-Learning/dp/1732265178" target="_blank" rel="noopener">The Art of Doing Science and Engineering</a>.</li>
<li>Richard Hamming said this to the President of Bell Labs in the 1950s. And I think this insight rings more accurate than ever. Simulations of reality are much more flexible and cheaper than observing and interacting with reality.</li>
<li>I will assert that LLMs and “AI” are effectively the logical conclusion of this trend. A large language model is trained on the largest amount of data possible, often the entire crawlable Internet<a href="https://kili-technology.com/large-language-models-llms/9-open-sourced-datasets-for-training-large-language-models" target="_blank" rel="noopener">, all the books ever written, and so much more</a>.</li>
</ul>


"It is so much cheaper to do simulations than real experiments, so much more flexible in testing...we can even do things which cannot be done in any lab… So it’s inevitable this trend will continue for some time." - Richard Hamming, The Art of Doing Science and Engineering.
Richard Hamming said this to the President of Bell Labs in the 1950s. And I think this insight rings more accurate than ever. Simulations of reality are much more flexible and cheaper than observing and interacting with reality.
I will assert that LLMs and “AI” are effectively the logical conclusion of this trend. A large language model is trained on the largest amount of data possible, often the entire crawlable Internet, all the books ever written, and so much more.


Data-driven Insight on Companies & Consumer Trends, TickerTrends

TickerTrends

Data-driven Insight on Companies & Consumer Trends

Private Capital Markets

<ul>
<li>The charts below show the cumulative number of TickerTrends observations associated with Claude, ChatGPT, and Codex adoption within selected organizations over time.</li>
<li>These observations provide a consistent measure of how frequently adoption evidence is appearing within each company.</li>
<li>Salesforce currently has the largest number of cumulative Claude adoption observations among the organizations shown, reaching 690 observations as of August 21, 2026.</li>
</ul>


The charts below show the cumulative number of TickerTrends observations associated with Claude, ChatGPT, and Codex adoption within selected organizations over time.
These observations provide a consistent measure of how frequently adoption evidence is appearing within each company.
Salesforce currently has the largest number of cumulative Claude adoption observations among the organizations shown, reaching 690 observations as of August 21, 2026.


Tracking OpenAI and Anthropic Adoption Within Major Enterprises

<ul><li>OpenAI CFO Sarah Friar recently told employees that annualized recurring revenue in July exceeded all of Q2.</li><li>Our latest OpenAI ARR read reached $42.6B on July 29 , up from $37.3B on June 25 and $33.0B on May 30 .</li><li>YoY ARR growth accelerated sharply entering July: May 30: $33.</li></ul>

OpenAI CFO Sarah Friar recently told employees that annualized recurring revenue in July exceeded all of Q2.Our latest OpenAI ARR read reached $42.6B on July 29 , up from $37.3B on June 25 and $33.0B on May 30 .YoY ARR growth accelerated sharply entering July: May 30: $33.

Thematic (Sector/Industry)

<ul><li>Strawberry was a breakthrough. Some people ask, “What’s the big deal?” but feasibly, there is a new scaling law working in tandem with training, and that’s the Chain of Thought / Inference.</li><li>The chart below is a bit confusing, but the conclusion is the longer the model “thinks,” the better the answer.</li><li>The new model has another log-linear scaling law. It pretty much computes, and the <a href="http://www.incompleteideas.net/IncIdeas/BitterLesson.html?ref=blog.heim.xyz" target="_blank" rel="noopener">Bitter Lesson</a> wins again.</li></ul>

Strawberry was a breakthrough. Some people ask, “What’s the big deal?” but feasibly, there is a new scaling law working in tandem with training, and that’s the Chain of Thought / Inference.The chart below is a bit confusing, but the conclusion is the longer the model “thinks,” the better the answer.The new model has another log-linear scaling law. It pretty much computes, and the Bitter Lesson wins again.

<ul><li>If you pay attention, the Internet has been a bit different lately. Many of the attributes and ways we once interacted with the internet is changing.</li><li>I probably noticed it the most when one of my favorite websites, subredditstats.com showed me this image the other day.</li><li>Reddit’s free API is closing. But so is X (formerly Twitter), and other properties all around the internet are slowly adding limits and closing their doors.</li></ul>

If you pay attention, the Internet has been a bit different lately. Many of the attributes and ways we once interacted with the internet is changing.I probably noticed it the most when one of my favorite websites, subredditstats.com showed me this image the other day.Reddit’s free API is closing. But so is X (formerly Twitter), and other properties all around the internet are slowly adding limits and closing their doors.

United States

OpenAI, L.P. operates as a software company. The Company specializes in AI research and deployment that aims to ensure that artificial general intelligence benefits all of humanity. OpenAI serves customers worldwide.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

OpenAI (2193707D US)

Jensen's World: Compressing Reality

Nvidia is pursuing a strategy of broadening its software distribution on one of the largest installed bases in the world.

Fabricated Knowledge

Tracking OpenAI and Anthropic Adoption Within Major Enterprises

The charts below show the cumulative number of TickerTrends observations associated with Claude, ChatGPT, and Codex adoption within selected...

TickerTrends

OpenAI ARR Growth Accelerated Into July

OpenAI CFO Sarah Friar recently told employees that annualized recurring revenue in July exceeded all of Q2. Our latest OpenAI ARR read reached...

TickerTrends

ChatGPT o1 (Strawberry) and Memory

Strawberry was a breakthrough. Some people ask, “What’s the big deal?” but feasibly, there is a new scaling law working in tandem with training,...

Fabricated Knowledge

The Internet as You Know It Is Dying

Humans are not alone on the internet anymore. That will change the Internet as you know it. If you pay attention, the Internet has been a bit...

Fabricated Knowledge

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)