June 28, 2021

Good morning comrades, let’s have an exciting week.

The long-term stock exchange created by Eric Ries (Lean Startup author) announced the exciting news that Twilio and Asana are listing on LTSE. The Long Term Stock Exchange gives companies a way to find long-term incentive alignment with investors. It’s about the most regulated industry on the planet, so a daunting task Eric Ries has been on. Regardless, he seems to be gaining momentum, and it’s so exciting to see these well-known companies listing on the LTSE.

Eric Ries @ericries

Today, @asana and @twilio announced their plans to list on @ltse. Thank you to @moskov and @jeffiel for building and leading your companies to align with long-term shareholders, employees, customers, and communities. Read the full announcement:

wsj.comWSJ News Exclusive | Twilio, Asana to List on Long Term Stock Exchange as ESG Push ContinuesExchange hopes to be signal to investors of which companies have sustainable practices

Andrej Karpathy, the director of AI at Tesla gave an update this last week about the progress of Tesla AI. He does a good job explaining how their path to full autonomy is different than the likes of Cruise or Waymo. A supercomputer, >1 million vehicle fleet data engine, Dojo, and solving for vision; Andrej is leading the biggest real-world AI project on the planet.

Andrej Karpathy @karpathy

Gave a talk at CVPR over the weekend on our recent work at Tesla Autopilot to estimate very accurate depth, velocity, acceleration with neural nets from vision. Necessary ingredients include: 1M car fleet data engine, strong AI team and a Supercomputer youtu.be/eOL_rCK59ZI?t=…

Benedict Evans’ chart on global smartphone data. See the small North American slice.

Benedict Evans @benedictevans

Mobile data

Warren Buffet steps down at the Gates Foundation. He wrote a short note worth reading, explaining how this won’t change much.

Today is a milestone for me. In 2006, I pledged to distribute all of my Berkshire Hathaway shares – more than 99% of my net worth – to philanthropy. With today’s $4.1 billion distribution, I’m halfway there.

Warren & Charlie @WEBuffett1

Berkshire Hathaway News Release berkshirehathaway.com/news/jun2321.p…

EIP-1559/ London fork / ETH2, is coming.🦾🌅

Evan Van Ness @evan_van_ness

EIP1559 is happening in a matter of weeks. Beyond just $ETH number go up, here is a thread about all the important non-pecuniary 1559 benefits for #Ethereum 1/x 👇

How a handful of chip companies came to control the fate of the world

This white paper is short and to the point about the ongoing global supply chain risk of critical chip supply. The United States in particular is extremely dependent on both chips and critical chip components like sensors, switches, modems, etc. that are made in concentrated areas of the world. Alongside supply concentration; specific labor, specialized manufacturing knowledge, and growing unit prices are concerning for the US, notably in the face of further developing conflict with China.

“But how did we get to a place where more than half of all contract semiconductor manufacturing is handled by one company on an island whose sovereignty is in dispute; where a single organization holds what looks like an unassailable lead in photolithography; where virtually all memory is made by just three companies; and where it’s well-nigh impossible to even design a chip without software that only a couple of companies provide?”

//Read here

-LUCAS

Kale

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