Ten31 Timestamp: The S-1 Also Rises
Uptober came and went. Marty and Baron break down Anthropic's S-1, why hyperscalers are now free cash flow negative, the $6.3 billion Binance hack, and why Bitcoin's simplicity keeps looking like a feature. 🔗 https://bitcoinproducts.com In this episode: What Anthropic's S-1 does and doesn't tell us about the bull and bear cases Where the compute goes: training vs. serving customers Junk rating talk and the cost of capital for the AI build out Microsoft job cuts and the search for real AI ROI Red October, Intel's worst day since 1974, and hedge fund de-grossing Big Tech free cash flow turning negative and the debt to GDP reckoning Lula's win in Brazil and what it means for the Donroe Doctrine The Binance hack and why Bitcoin's small attack surface wins TIMESTAMPS: 00:00:00 - Red October that wasn't 00:00:35 - Anthropic S-1 gradually then suddenly 00:02:39 - Enterprise customers and revenue retention 00:05:50 - Amended S-1 and the $895 billion in commitments 00:07:45 - What is all that training compute for 00:12:17 - Labs competing with their own customers 00:16:36 - Anthropic's likely junk credit rating 00:18:23 - Where's the ROI 00:19:39 - Microsoft cuts roughly 60,000 jobs 00:20:58 - Intel's crash and record hedge fund selling 00:23:30 - Hyperscalers go free cash flow negative 00:26:56 - Public debt tops 100% of GDP 00:27:43 - Meta ads vs. Google search 00:29:27 - Lula wins in Brazil 00:32:11 - Binance hack and Bitcoin below $77K 00:35:54 - Bitcoin is worse is better 00:38:12 - AI models find only two minor Bitcoin Core bugs SUBSCRIBE › Newsletter (free): https://tftc.io/bitcoin-brief/› YouTube: https://youtube.com/@TFTC?sub_confirmation=1 FOLLOW US › X: https://x.com/tftc21› Nostr: https://primal.net/tftc FOLLOW MARTY › X: https://x.com/MartyBent TFTC #MartyBent #Anthropic #Binance #Bitcoin #Markets