@garrett7164 @joepohlen I get saugatuck it’s a small, coastal vacation town
Great holiday home area
I’m talking about the volume of 800k+ min subdivisions and multi million dollar custom builds in regular south east Michigan cities
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Vikram Ramalingam
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@VRAMM97 @joepohlen Chicago $. Went to Saugatuck last summer and 70% of cars were Illinois plates
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You are able to get a place on Lake Como in Italy for less than top lakes in northern Michigan.
Ross 🛩️@MIAviationKing
Petoskey, a small Northern Michigan town with fewer than 6,000 year-round residents, has joined the ranks of Nantucket, Mass. and Napa, Calif. as a luxury housing market where more than half of new home listings are priced at $1 million or above. Realtor.com identified 13 “pure luxury” U.S. housing markets where more than half of all active listings are priced at $1 million or above. The report, released April 8 and based on March 2026 data, put Petoskey in 11th place, with 53% of its active listings priced above $1 million. Petoskey’s median list price in March was $1.11 million, according to the report. Data showed the northwestern Lower Peninsula city has an average of about 104 million-dollar-and-up listings per year. Looks like Pellston (PLN) needs some more service...
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@joepohlen @leezawilllshe Yeah but I’m seeeing it in areas that aren’t even the quaint lakeside townships/villages
Places like Novi, Northville, Ann Arbor (non college-side), Canton, Plymouth…exploding for no apparent reason with so many gated neighborhoods and massive custom builds
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@leezawilllshe @VRAMM97 Tale as old as time.
Unfortunately these townships aren’t using the tax dollars from these summer homes to build affordable housing
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@_6signxxx lol Netflix did this a long time ago and has much higher subscription costs
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@ThierryBorgeat We don’t even have a near term pathway to monetize ai in new ways to justify these kinds of valuations. The pathway for monetizing space is even worse and at some point reality will set in
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SpaceX IPO valuation: $2 trillion.
P/E ratio: ~1,000x.
For reference:
At 1,000x earnings, if SpaceX grew earnings 30% per year — every year — it would take 27 years to grow into its valuation.
At 50% earnings growth per year?
Still 18 years.
This isn't investing.
It's a pledge of faith.
SpaceX is extraordinary.
The technology is real.
Starlink is a genuine monopoly.
But at these multiples, you are not buying the company.
You are buying the dream.
And dreams don't always compound.
Thierry from arvy 🇨🇭@ThierryBorgeat
Something deeply uncomfortable is happening to the Nasdaq-100. SpaceX is targeting a $1.75 trillion IPO. Nasdaq wants the listing over NYSE. So Nasdaq is rewriting its own rulebook. Here's what they are proposing: 1️⃣ "Fast Entry" rule: any mega-cap IPO gets added to the index after just 15 trading days — bypassing all standard seasoning and liquidity requirements. 2️⃣ A 5x multiplier for low-float stocks: if SpaceX floats just 5% of shares, passive funds are forced to buy as if it were weighted at 25% of total market cap — $438 billion of phantom weighting. The result? Tens of billions of price-insensitive passive dollars — your pension, your ETF, your QQQ — are legally mandated to buy SpaceX at whatever price it trades to on Day 15. Hedge funds will front-run this guaranteed bid aggressively. Then when the lock-up expires, insiders flood the market with shares — at the exact moment passive funds are again forced to buy more. "If you're playing a poker game and you look around the table and can't tell who the sucker is, it's you." The sucker is every passive investor in a Nasdaq ETF.
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@aakashgupta If transaction price isn’t disclosed rule of thumb is almost always it wasn’t a good outcome
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Cal AI just got acquired by MyFitnessPal. And the math on this deal tells you everything about where consumer software is heading.
Two 17-year-olds built a calorie tracking app. 18 months later: 15 million downloads, $40 million in revenue over the last 12 months, on pace for $50 million ARR. A team of about 30 people, holding their weekly standup on Sunday nights because the founders had school on Monday.
MyFitnessPal spent 20 years building a database of 20 million foods across 68,500 brands and 380+ restaurant chains. Cal AI replicated the core value prop with a camera and a model in a fraction of that time.
And here’s what MyFitnessPal’s CEO actually admitted: Cal AI users want speed, MFP users want accuracy. That’s code for “our 20-year database moat got commoditized by a photo and a prompt.”
Under Armour bought MyFitnessPal for $475 million in 2015. Sold it to Francisco Partners for $345 million in 2020, a $130 million loss. Now Francisco Partners is acquiring AI-native competitors to protect the asset. That ownership chain tells you legacy fitness tech has been a value destroyer for over a decade.
This is the pattern repeating across every consumer software category. The AI-native version ships in months, reaches millions, and forces the incumbent to acquire because rebuilding internally takes years they don’t have. MFP’s CEO said they monitor 70 competitors. Cal AI climbed so fast on Sensor Tower that MFP spent almost a year in deal talks trying to lock it down.
Zach Yadegari is 19, at University of Miami, and already telling Inc. he’s probably dropping out to start his next company. His first exit was at 16, selling an unblocked gaming site he built for classmates.
The acquisition price wasn’t disclosed. But a 30-person team doing $40M with that growth curve, in a category where the incumbent sold at a $130M loss five years ago? That tells you who has leverage in AI consumer apps right now. And it’s not the company with the 20-year-old database.
Zach Yadegari@zach_yadegari
Cal AI has been acquired by MyFitnessPal 🚨 Henry and I started Cal AI as 17-year old high school students with one mission: make calorie tracking easier with AI. In just 18 months, we’ve helped millions of people lose millions of pounds. And we broke $50m in ARR along the way. We are at an incredible inflection point in history where ANYBODY can build a product that can improve lives and make millions. As founders, we get a lot of praise. The truth is that this would not have been possible without our incredible 30+ person team. We are so proud of what this team has accomplished, and are thankful to everyone that has been instrumental in Cal AI’s development and success. Cal AI will continue as a separate app from MyFitnessPal. The combined team will share resources to continue helping people achieve their fitness goals!
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@himanshustwts The double merge Definetly messed it up - artificially inflated and formalized equity value creating easy incentive to leave at the top
Added more headcount to overall org structures aka disincentive for a lab researcher to want to stay
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i have a news for you and this isn't looking good at all
Toby Pohlen@TobyPhln
Three years, thousands of PRs, and a million jokes. Today was my last day @xai. To the team: you rock, no one burns the midnight oil better. To @elonmusk, thanks for taking me on board. I've learnt more about execution, speed, and product perfectionism than I could ever have imagined. Thanks for everything. My next priorities: sleep for more than 8h, write down all the things I've learnt (I have a list), and then think about what I want to do next. @gork wdyt?
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@devahaz There something strange that happened at Instacart. The amount of non technical people from Meta and Instacart with this kind of meteoric career ascension is insane
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Lot of people hating, but this is what type-A mercenary corp execs look like. Not softies like founder types all emotional about products, teams, and missions. Just ruthless evaluation of options and highest trajectory paths. No idea of her reputation, but obv great at the game.
Idle Sloth@IdleSloth84_
Asha Sharma | Linkedin Profile • Never held a postion for more than 4 years (climbing the corp ladder). • Her last postion was President of CoreAI Product at Microsoft. • Currently sits on the board of The Home Depot and Coupang (A major South Korean e-commerce company often referred to as the "Amazon of South Korea). • Previously COO of Instacart and Porch Group. • VP Product & Engineering at Meta. • First job was at Microsoft's marketing department in 2011 linkedin.com/in/aboutasha/
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@Tyre_94 He’s a good taste maker but he’s pretty terrible at market predictions and timelines
He literally said the cybertruck would sell 500k-1M a year after its first year
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They will never gaslight me into thinking this guy is some kinda genius lmao
Thomas Sowell Quotes@ThomasSowell
Elon Musk on Optimus: "Hypothetically, if Tesla were making a billion of these a year at scale.. maybe it would be $30,000 each, I'm just guessing.. that’s $30 trillion in revenue."
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@chatterchip @OpenAI @the_IAS @VanderbiltU @Cambridge_Uni @Harvard The fact that Kevin weil’s name is on this is pretty dumb
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@OpenAI @the_IAS @VanderbiltU @Cambridge_Uni @Harvard Why is the second author of the article affiliation is OpenAI? Who is he the prompter?
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GPT-5.2 derived a new result in theoretical physics.
We’re releasing the result in a preprint with researchers from @the_IAS, @VanderbiltU, @Cambridge_Uni, and @Harvard. It shows that a gluon interaction many physicists expected would not occur can arise under specific conditions.
openai.com/index/new-resu…
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@AviSchiffmann This looks exactly like the humane ai pin down to the case smh
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@OpenAI lol you use this and OpenAI will be knocking at your door for royalties to your earnings 😂
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Introducing Prism, a free workspace for scientists to write and collaborate on research, powered by GPT-5.2.
Available today to anyone with a ChatGPT personal account: prism.openai.com
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@jukan05 This sounds terrible lol
I guess if it’s cheap enough people will try it
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Additional details about OpenAI’s AI device:
It is a pen-shaped device that integrates AI, aiming to become a “third core device” following the iPhone and MacBook.
It’s lightweight and highly portable—about the size of an iPod Shuffle—and can be carried in a pocket or worn around the neck.
It will feature a microphone and a camera to perceive and understand the user’s surrounding environment.
Interestingly, it will be able to convert handwritten notes directly into text and instantly upload them to ChatGPT.
Jukan@jukan05
OpenAI’s first consumer device is expected to launch in 2026–2027. It was originally expected to be contract-manufactured by China’s Luxshare, but due to strategic considerations around a non-China supply chain, OpenAI has shifted course and Foxconn is now expected to be the sole manufacturer. The final product form factor could potentially be a smart pen or a portable audio device, per Taiwan Economic Daily.
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@TradingThomas3 @elonmusk Lmao this was literally the shortest crash out known to man kind. In 15 minutes he was back in the Trump admin and getting deals/favors for all his companies and suddenly it’s we’ll see double digit growth and Valhalla prosperity for all in 2 years lmao
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@GregTomaselli @Kalshi lol that previous spat was never real. It was literally 1 hour on Twitter and nothing consequential happened on either side. They cozied back up in the next 20 minutes
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@Kalshi Despite the previous spat between Elon and Trump.
That tells me that the gov had to believe xAI is the only one able to scale the necessary compute for the Military.
Perhaps data centers in space sealed the deal!
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@unusual_whales lol this is code for xai is raising at a 500B valuation now
When agi is achieved it’s not going to be xai that does it
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JUST IN: xAI may reportedly achieve artificial general intelligence that exceeds human intelligence in 2026, per BI
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@AIDRIVR lol that says will be not is, and gives no specific date
That’s just a marketing message on what’s to come
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Rivian literally promised L3 driving for every vehicle in 2020
the DEFINITION of “unreleased vaporware”
last I checked my Tesla does over 99% of my miles. how’s your Rivian doing?
JerryRigEverything@ZacksJerryRig
@AIDRIVR If i paid $15k for a product i never received- id be super pissed. Good thing Rivian doesn't charge for unreleased vaporware though. 👍
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@thatsKAIZEN @roverrebel Yes on the software, yes on FSD, yes on grok if you value any of that but those are all drivers preference items
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@thatsKAIZEN @roverrebel lol no shot on the interior, the interior on the cybertruck feels cheap as hell and the mirrors are flimsy and tiny
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Going from a Rivian to my Cybertruck was like going from a Razr to an iPhone.
Elon Musk@elonmusk
Cybertruck is an incredible vehicle. Our best ever from Tesla.
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@niccruzpatane Your down will vary vastly depending on what state you lease from
But even with that, 479 or even 449 is really high for a super basic mass market ev
Needs to be sub 300 or even sub 200. The only reason the Tesla premium is worth it is if you love FSD
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You can now lease a Model Y Premium RWD for $449/mo or a Model Y Premium AWD for $479/mo with only $1,145 down total.
Both are incredible deals.
• 357 mi range (RWD) 327 mi range (AWD)
• 0-60 mph in 5.4s (RWD) 4.6s (AWD)
• Self-Driving Capability
• Front and Rear Lightbars
• Premium Suspension
• Panoramic Glass Roof
• Acoustic Glass
• 15 Speakers and 1 Subwoofer (Both Trims)
• Customizable Wraparound Ambient Lighting
• HEPA filter and Bioweapon Defense Mode
• Second-row Touchscreen-adjust Air Vents
• First-row Heated and Ventilated seats
• Second-row Power-folding and Reclining Seats
• Second-row Heated Seats
• Auto and Adaptive High Beams
• 8 Exterior Cameras
• Hands-free Power Open on Approach
• Heated steering, Heated Windshield, Custom Driver Profiles, Automatic Easy-Entry and Ultraviolet Infrared Protection on all Glass
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