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App Economy Insights
Will AR glasses replace our phones?
Mark Zuckerberg thinks so.
$META unveiled Meta Orion, the "most advanced AR glasses ever made."
🧠 Contextual AI
✨ Holographic displays.
🕶️ Lightweight & comfortable.
😎 Blends digital & physical worlds. https://t.co/wdPqdUDyCc
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Will AR glasses replace our phones?
Mark Zuckerberg thinks so.
$META unveiled Meta Orion, the "most advanced AR glasses ever made."
🧠 Contextual AI
✨ Holographic displays.
🕶️ Lightweight & comfortable.
😎 Blends digital & physical worlds. https://t.co/wdPqdUDyCc
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App Economy Insights
📺 US TV Time August 2024:
Streaming 41.0% (+2.7pp Y/Y).
• YouTube 10.6% (+1.5pp Y/Y).
• Netflix 7.9% (-0.3pp Y/Y).
• Prime Video 3.1% (-0.3pp Y/Y).
• Hulu 2.4% (-1.2pp Y/Y).
• Disney+ 2.3% (+0.3pp Y/Y).
Source: Nielsen. $GOOG $NFLX $AMZN $DIS https://t.co/48MbjfdyyF
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📺 US TV Time August 2024:
Streaming 41.0% (+2.7pp Y/Y).
• YouTube 10.6% (+1.5pp Y/Y).
• Netflix 7.9% (-0.3pp Y/Y).
• Prime Video 3.1% (-0.3pp Y/Y).
• Hulu 2.4% (-1.2pp Y/Y).
• Disney+ 2.3% (+0.3pp Y/Y).
Source: Nielsen. $GOOG $NFLX $AMZN $DIS https://t.co/48MbjfdyyF
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AkhenOsiris
$META $NVDA $AVGO
Zuckerberg comments on AI scaling and the thirst for continually training models:
"So that leads to this dynamic where Llama 3 you know we could train on you know 10 to 20,000 GPUs, Llama 4 we could train on you know more more than 100,000 GPUs, Llama 5 we can plan to scale even further and there's just an interesting question of how far that goes.
It's totally possible that at some point we just like hit a limit and just like previous systems there's an asymptote and it doesn't keep on growing but it's also possible that that limit is not going to happen anytime soon and that we're going to be able to keep on just building more clusters and generating more you know synthetic data to train the systems and that they're just going to keep on getting more and more useful for people for quite a while to come. It's a really big and high stakes question I think for for the company is because we're basically making these bets on how much infrastructure to build out for the future and this is like hundreds of billions of dollars of infrastructure so like I'm clearly betting that this is going to keep scaling for a while.
It's one of the big questions I think in the field because it is possible that it doesn't. You know that obviously would lead to a very different world where it's I mean I'm sure people still figure it out eventually just need to make some new fundamental improvements to the architecture in some way but that might be a somewhat longer trajectory for okay maybe you know the the kind of fundamental AI advances slow down for a bit and we just take some time to build new products around this or it could be the case, and that's what I'm betting on, that the fundamental AI will just continue advancing for quite a while and that we're going to get both a new set of products that are just really compelling in all these ways and that the technology landscape and what's possible will just continue being dynamic over like a 20-year period and that's probably what I'd guess is going to happen but it I think it's one of the bigger questions in the industry."
Source: youtube.com/watch?v=oX7OduG1…
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$META $NVDA $AVGO
Zuckerberg comments on AI scaling and the thirst for continually training models:
"So that leads to this dynamic where Llama 3 you know we could train on you know 10 to 20,000 GPUs, Llama 4 we could train on you know more more than 100,000 GPUs, Llama 5 we can plan to scale even further and there's just an interesting question of how far that goes.
It's totally possible that at some point we just like hit a limit and just like previous systems there's an asymptote and it doesn't keep on growing but it's also possible that that limit is not going to happen anytime soon and that we're going to be able to keep on just building more clusters and generating more you know synthetic data to train the systems and that they're just going to keep on getting more and more useful for people for quite a while to come. It's a really big and high stakes question I think for for the company is because we're basically making these bets on how much infrastructure to build out for the future and this is like hundreds of billions of dollars of infrastructure so like I'm clearly betting that this is going to keep scaling for a while.
It's one of the big questions I think in the field because it is possible that it doesn't. You know that obviously would lead to a very different world where it's I mean I'm sure people still figure it out eventually just need to make some new fundamental improvements to the architecture in some way but that might be a somewhat longer trajectory for okay maybe you know the the kind of fundamental AI advances slow down for a bit and we just take some time to build new products around this or it could be the case, and that's what I'm betting on, that the fundamental AI will just continue advancing for quite a while and that we're going to get both a new set of products that are just really compelling in all these ways and that the technology landscape and what's possible will just continue being dynamic over like a 20-year period and that's probably what I'd guess is going to happen but it I think it's one of the bigger questions in the industry."
Source: youtube.com/watch?v=oX7OduG1…
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Hidden Value Gems
I would not ignore it. The oil producers have improved their capital allocation, focusing on FCF and buybacks, but if Saudis raise production in a market that is already oversupplied, there could be more downside to oil prices and oil stocks...
#Oil #Energy https://t.co/1ZkRr3pGps
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I would not ignore it. The oil producers have improved their capital allocation, focusing on FCF and buybacks, but if Saudis raise production in a market that is already oversupplied, there could be more downside to oil prices and oil stocks...
#Oil #Energy https://t.co/1ZkRr3pGps
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Hidden Value Gems
The value of consistent strategy: exceptional quality supports higher costs (bags are manufactured in France) and drives sales growth even when the overall sector is struggling.
“My uncle [Hermès’ former chief executive] used to say I’m not a luxury company but a high craftsmanship company . . . he would also say: I do not look at what others do, I could be influenced," - CEO of Hermes, Axel Dumas
$RMS.PA
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The value of consistent strategy: exceptional quality supports higher costs (bags are manufactured in France) and drives sales growth even when the overall sector is struggling.
“My uncle [Hermès’ former chief executive] used to say I’m not a luxury company but a high craftsmanship company . . . he would also say: I do not look at what others do, I could be influenced," - CEO of Hermes, Axel Dumas
$RMS.PA
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Librarian Capital
$HAYPP snus sales permit in Sweden revoked (Wed)
"Social Welfare Department of the City of Stockholm ... decided to revoke Snusbolaget’s sales permit for tobacco products, including snus"
Snus sales in Sweden were ~20% of group sales
Haypp will appeal https://t.co/ji9kUQDYLS
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$HAYPP snus sales permit in Sweden revoked (Wed)
"Social Welfare Department of the City of Stockholm ... decided to revoke Snusbolaget’s sales permit for tobacco products, including snus"
Snus sales in Sweden were ~20% of group sales
Haypp will appeal https://t.co/ji9kUQDYLS
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Stock Analysis Compilation
Orbis on Koito $7276 JP
Thesis: Koito, a global leader in automotive lighting, offers long-term growth potential through technological leadership and strong market share, despite short-term headwinds in auto production
(Extract from their Q2 letter) https://t.co/JRoFVnHoUd
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Orbis on Koito $7276 JP
Thesis: Koito, a global leader in automotive lighting, offers long-term growth potential through technological leadership and strong market share, despite short-term headwinds in auto production
(Extract from their Q2 letter) https://t.co/JRoFVnHoUd
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