the high-level reason that IBM is not well positioned in the token path, to use the Brad Gerstner and Gavin Baker parlance, is that AI spending is currently flowing into GPUs, memory, networking, hyperscale cloud computing, and frontier model inference. IBM is not a major winner in those categories.
the show Love Island, uh, a reality dating competition... has become an unusually active trading category. According to Barron's, the current season drove 106% increase in weekly active female mobile users of Kalshi between June 8th and June 28th, compared with a 54% increase among men.
So this felt like a very logical story. And I'm a little bit uncertain that this is a good decision for the UK to help these businesses. It feels like it's just going to wind up hurting both of them.
Yeah, I think that part is actually kind of similar. It's like, how do you make a meaningful rocket space company by being hyper, hyper focused on a small number of things? Because like I said, we're not in the business of doing human spaceflight and all these other things. But how do you find that, that niche that you care about and stay ultra focused on, on making that happen?
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