Ed Elson

But I love this story.

We talked about it yesterday on the editorial call.

I just think it's hilarious.

These guys are stepping in front of the little kids.

And basically the twofer here is Gemini wants to kick Anthropic and OpenAI in the nuts.

And they're doing this by stepping on the carotid artery of their capital raising plans.

The other thing that hasn't gotten the reporting...

that I think it deserves is that Berkshire Hathaway is getting a 6.5% discount.

So when arguably the richest company in the world needs to sell stock at a discount, they're telling you that even the capital has become scarce even for them at these levels, right?

I mean, that struck me that they needed, I don't know if they wanted the credibility or an anchor for the deal or the diligence or brand halo that Berkshire Hathaway brings.

But why on earth did they need to offer Berkshire Hathaway a 6.5% discount to what retail investors are going to pay?

Do you have any thoughts there?

I mean, remember when Andreessen said software is eating the world?

Now it's transitioned to AI is eating balance sheets.

It's just coming in and soaking up.

And I just got off a webinar for a section, the AI adoption company, and disclosure, I'm an investor.

The

I mean, the thing that fascinates me, they were asking me, what are I advising companies around?

And I'm so happy not to be advising companies anymore.

Seriously, the amount of golf I had to fucking play, Ed, with people I didn't enjoy that much.