on limited display
@ National Museum of African American History & Culture
2/ the unintended consequences of technology.
The cotton gin which turned a single worker cleaning seeds and processing 1lb per day to 50x more productive perversely creating demand to feed the machine and fueling demand for slaves…
3/ this is video footage of KKK and white supremacists 100 years ago—1920 ago freely walking the Capitol and the Washington Monument whose base our family stood at this AM
4/ the Louisiana purchase may have been an economic coup ($15M to France who needed to refocus its forces in Haiti against the most successful slave rebellion) but massively expanded US cotton market domination and demand for slavery
US pop: 4M
Slaves: 700k
5/ Shackles of slavery
vs Words toward freedom
(actual Emancipation Proclimation)
6/ did not know til today that Jewish immigrant Henry Moskowitz was one of the founders of the NAACP
7/
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-Over 50% of small VCs will involuntarily exit as ~5 VCs are planning to voluntarily exit (IPO)
-Lux team has invested over half a billion dollars across 82 companies (new + existing) in the past few months…
2/
-Zuck’s “ Poachapalooza 2025”
-L&A (License + Acquihire) is the new M&A
-the AI capex surge (5% of GDP) ~ fiber-optic + router binge of 2000 tech boom (5.2%) and short step below sheet-rock bonanza of 2005 housing bubble (6.7%).
-Open source vs Closed…
3/great irony in frenzy for ARTIFICIAL intelligence––what’s acquired isnt hardware but HUMAN intelligence
-frontier of agentic Al not defined by model size-but what we can verify
-99% reliable agent degrades to 60.5% after 50 sequential decision tasks––each error cascading like cracks in glass
NVDA = 19% of that––and 42% of NVDA revenue comes from just 5 Big Tech co's buying GPUs:
Meta, Amazon, Microsoft, Google, Tesla
2/At recent lunch with LP who put Lux in business I talked about shift from consensus cloud inference (GPUs + datacenters + power) to on-device inference (memory + batteries)...
3/ This valued LP talked about CAPEX:
Meta, AMZN, MSFT, GOOG TLSA spending $560B by EOY 2025