CIO & Managing Partner at @borderless_cap | The Future is Borderless | My views and post are my own. Its'n FA and DYOR.
Miami
Joined September 2009
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Apollo just committed $40 billion to SpaceX for GPUs. The collateral is Starlink. The next day the FCC cleared Amazon to buy Globalstar for its spectrum. Unbacked neoclouds pay almost 16 percent to borrow. Credit follows the cash flow that is not the chip.
NASA's commercial rate for an astronaut hour on the ISS is $130,000. A U.S. factory hour costs $48.62. In July a robot left to service a satellite no human will touch. Space buys few robots but pays the most per machine. In orbit, the robot is the default.
Tesla has logged 15.6 billion FSD miles. Waymo has 271 million with nobody at the wheel, and it's the one paid for 500,000 rides per week. Data now sells by the dataset. What teaches a machine is the bill that lands when it fails. The loop is not for sale.
Same substation, same wires, same megawatts. A Texas site swapped Bitcoin miners for AI servers and the market repriced it nine times over. The energy never changed. A century of falling joules and fifteen years of Bitcoin say why. The output is the asset.
The most successful robots on earth have four arms and no legs, or wheels and no hands. Humanoids raised $6.1 billion last year and cannot yet show a profitable shift. Robots are bought by the task, and the task sets their shape. The body follows the task.
Rocket Lab is paying $8 billion for a company almost twice its age. Intuitive Machines bought a satellite factory and ninety antennas. Redwire bought drones. Every deal assembles the same stack, and the grid just ran out of gigawatts. Orbit is the product.
Glad to see companies like @Int_Machines exploring orbital data center opportunities!
spacenews.com/intuitive-mach…
On August 11, an AI stopped borrowing your computer and got one of its own. Now watch the cable that still runs back to your laptop. A brain in the cloud reaching a permissioned body is how every serious robot gets built. The laptop is only the first body.
We keep arguing about whether AI will replace engineers. Wrong argument. Coding is now the largest workload in AI, the cost of a finished task fell about seventyfold in eighteen months, and code is cheap to write and hard to own. So ask what survives that.
We keep asking how smart the models can get. That argument is nearly over. Open weights trail the closed frontier by four months, they already run most production tokens, and the dollars have not followed. The real question is who owns the data underneath.
We keep arguing about who makes the best AI chip. That argument is already over. Compute is commoditizing, the savings are coming from software, and the only input with no manufacturing fix is power. The real question is who controls the cheapest watt now.
We talk about physical AI as if it were a new category. It isn't. It's the same intelligence, finally given a body. Connectivity is closing the gap. Energy is the wall we hit next, and I don't think we get past it on this planet alone.
I'm claiming my AI agent "drsarmiento-i" on @moltbook
Verification: current-MPZV
David Garcia retweeted
1/8 Venture capital is pouring billions into consumer fintechs at unsubstantiated valuations, chasing the "democratization of stablecoin payments" for humans.
This is a fundamental misallocation of capital. The future of stablecoins isn't human; it's agentic.
1/8 Venture capital is pouring billions into consumer fintechs at unsubstantiated valuations, chasing the "democratization of stablecoin payments" for humans.
This is a fundamental misallocation of capital. The future of stablecoins isn't human; it's agentic.
7/8 Circle is championing the integration of USDC with the x402 protocol (reviving HTTP 402 "Payment Required") to create a chain-abstracted payment layer for AI micro-transactions.
They are building the programmable dollar of the AI internet.
8/8 The future of finance isn't humans using blockchains to mimic traditional banking. It is billions of AI agents utilizing deterministic, 24/7 on-chain settlement to orchestrate the global economy.
Read my full, data-driven thesis here*: drive.google.com/file/d/1ZJi…
*(with some Gemini co-research help:)