- We’ve moved.↗ 11 Sept 2026
Chamath's Learn With Me research publication is moving from Substack to a dedicated platform at research.socialcapital.com to expand format experimentation and discussion spaces.
- Anthropic Just Committed $80B in Five Days. Here Is Who It Is Renting From.↗ 8 Sept 2026
Anthropic's $80B compute commitments to Nscale and Lambda signal the emergence of 'neoclouds'—specialized GPU infrastructure companies that undercut hyperscalers on price and secure preferential access to Nvidia chips. The category could reach $400B revenue by 2031, but faces questions about whether the economics survive massive continuous hardware buildout.
- A Chinese Chipmaker Raised $911M ↗ 6 Sept 2026
Chamath shares market snapshots: Nvidia's $12.93B Hugging Face acquisition as a bulwark against closed-source AI oligopoly, the robotaxi race heating up between Waymo, Tesla, and Uber, and Chinese chipmaker Enflame's $911M IPO amid domestic competition to Nvidia.
- I turn 50 today...↗ 3 Sept 2026
Chamath Palihapitiya reflects on turning 50, recounting his journey from refugee childhood in Canada to success in America, and sharing life lessons on gratitude, resilience, and what truly matters beyond wealth and legacy.
- Anthropic’s $30 Trillion Moonshot↗ 30 Aug 2026
Anthropic heads toward IPO with $30T TAM claim and $2T valuation; Salesforce's AI integration with Claude drives 22% stock surge; robotics companies demonstrate progress in reducing training data requirements for task learning.
- Deep Dive: Will California Go Broke?↗ 28 Aug 2026
California's $4.3T economy masks critical structural vulnerabilities: 1% of taxpayers generate 37% of income-tax revenue through volatile capital gains, while $150B+ in constitutionally mandated spending and $302B in long-term liabilities constrain fiscal flexibility. A detailed audit examines reserve depletion timelines, revenue cliff risks, and pension shortfalls.
- Bitcoin’s Best Week Since 2024↗ 23 Aug 2026
Bitcoin rallied 24% to $78K on regulatory optimism and a $2.7B short squeeze; meanwhile, Unitree's humanoid-robot IPO surged 460% to a $50B valuation, signaling China's dominance in robotics manufacturing and establishing public benchmarks against private valuations.
- Anthropic’s $6B Push to Lower AI Costs↗ 16 Aug 2026
Nvidia orchestrates a $500B financing platform for GPU-backed data centers; Anthropic pursues a $6B acquisition of Decart to optimize inference costs; AI developer tooling rounds accelerate with River AI, Lovable, and Cognition commanding billion-dollar valuations.
- Deep Dive: The Next Trillion-Dollar Futures Market↗ 14 Aug 2026
CME and Silicon Data are launching compute futures contracts in October 2026, addressing a $765B AI capex market that now exceeds oil and gas spending. The piece explores whether compute can become a multi-trillion-dollar asset class despite concentration and performance variability challenges.
- A Bitcoin Miner Switches to AI for a $4.7 Billion Lease↗ 9 Aug 2026
Chamath Palihapitiya argues that AI infrastructure—specifically land, power, and interconnection—is the fastest path to returns, while cautioning against overvalued silicon and emphasizing software harnesses as defensible moats. He spotlights three deals: Bitdeer's $4.7B AI data center lease pivot, Extropic's thermodynamic sampling chip, and Nvidia's free self-driving model release.
- The Multi-Billion-Dollar Battle to Dominate Weight Loss↗ 6 Aug 2026
GLP-1 drugs (semaglutide, tirzepatide) generated $71B in 2025—outearning OpenAI and Anthropic combined—while reaching under 2% of eligible patients globally. As new trials reveal benefits beyond obesity (addiction, kidney disease, cardiovascular), the addressable market and revenue potential expand dramatically.
- The Leverage Inside Korea’s Memory Trade↗ 2 Aug 2026
South Korea's memory chip sector faces leverage-driven volatility after circuit-breaker crashes in the KOSPI; meanwhile, AI governance fractures between open-weight and closed-model advocates, and a $45B AI hedge fund faces margin calls amid the broader selloff.
- Deep Dive: Autonomous Driving 31 Jul 2026
- Distillation is a red herring 26 Jul 2026
- Deep Dive: How Cyberwarfare Works 22 Jul 2026
- Two questions every CEO should ask about AI 19 Jul 2026
- A quick question 14 Jul 2026
- What I read this week... 12 Jul 2026
- The Only Tokens That Are Up In This Crypto Winter 9 Jul 2026
- The sovereign AI trade 5 Jul 2026
- A Primer on Gold, Silver, and Platinum Metals 2 Jul 2026
- Training Physical AI on Video Game Clips 28 Jun 2026
- Deep Dive: How Billions are Allocated to Cure Aging 26 Jun 2026
- China's Model Reaches the AI Frontier at 1/6th Cost 21 Jun 2026
- Deep Dive: The Federal Reserve Explained 18 Jun 2026
- OpenAI third phase: an AGI for everyone 14 Jun 2026
- Deep Dive: SpaceX 11 Jun 2026
- Counterfeit Bug in Zcash found via Opus 4.8 7 Jun 2026
- Deep Dive: The State Of Longevity Biotech 5 Jun 2026
- Anthropic Raises $65B at $965B, Passing OpenAI 31 May 2026