Wittle Whale

@TonyW @victoralazarte Labs all trained on every available piece of public data on the internet. That’s exhausted now (one time subsidy). Now they need to pay all the data labeling companies to train on new sets of data

@victoralazarte What do you mean?

The internet was a one-time subsidy

@saranormous What about secondary that’s through blessing on mgmt? Eg. founder secondary, c-suite, or tender offer. I think that is almost synonymous to primary less liq pref. No?

investors buying secondary in a company they can’t get primary access to is quite common — but the investor promoting that online as if they’re a direct shareholder and partner to the company is disingenuous. And will get folks embarrassed by founders “who do not consent” to the new ownership

@andrew__reed @sendcutsend Took me a sec

did the @sendcutsend investment now my timeline is all CNC content, just the wrong kind

@jordanbramble @AntaresNuclear Absolute legends.

Yes, we are on track. We have HALEU for multiple reactors and will have more soon. Reactors with HALEU can run a power cycle longer and more economically. We will be able to use DOE allocated HALEU until commercial comes online. We see our access to HALEU as a competitive advantage. There are no TRISO supply constraints at our level of need, and our suppliers can scale as fast as us. The TRISO safety basis DRAMATICALLY streamlines and simplifies licensing.

THE @AntaresNuclear TECH ROADMAP: ✅ 2025: “Full Power” Thermal testing of our primary coolant loop (sodium heat pipes) in an electrical prototype. ⚛️ 2026: Make Neutrons. Mark-0 achieves criticality, validating neutronics simulations and performance of the reactivity control system. We will have gone from a clean sheet to a proven control system in 9 months. ⚡2027: Make Electrons. Electricity producing reactor (Mark-1), tested at full electrical output, following a test of the power conversion system in Q3 2026. 💵 2028: Make $. Customer deployments begin to recognize revenue.

@metapreston don't know too much about Phia, but Honey was chrome extension and PayPal bought for $4B

Browser extension btw

@mvernal Really interesting. I think that 'wedges' right now get commoditized really fast (e.g. a scribe in healthcare or front office call center for xyz vertical). Where is the defensibility? Does it come from going straight to platform immediately? How do you win w/o a wedge?

@scaryjellomj Thoughts on SMRs broadly? Or any thoughts on SMRs that use traditional coolant / fuel like leu and light water vs. triso and other coolant types?

I'm a nuclear power proponent (base load). Many folks are more [as THEY say] pro-nuke; they're blinded by optimism, environmentalist indoctrination & assorted biases. They insist that processes 'technically possible' with HTGRs will eventually be widely adopted (competitive).

@pitdesi This is why lending businesses scare me

@UnoMasReactor @LastEnergy @AlexCKaufman @heatmap_news Where do you think Aalo is? Also what's your perspective on sodium / helium / other coolant types vs. PWR? Pros and cons, but clearly PWR maybe gets you further along faster with NRC?

My guess is confirmed to be wrong for at least one of the PDSA approvals. Congrats to @LastEnergy!!! From @AlexCKaufman with @heatmap_news: "2. Exclusive: Microreactor developer Last Energy’s pilot project hits a key permitting milestone Yet another U.S. reactor startup hoping to build a prototype plant under the Department of Energy’s reactor pilot program has won the agency’s approval for its safety blueprint. On Thursday, Last Energy plans to announce the regulator’s official endorsement of the microreactor developer’s preliminary documented safety analysis — a key procedural step known as PDSA — for its 5-megawatt demonstration reactor at Texas A&M University. The reactor, set to be a quarter the size of Last Energy’s commercial-scale model, is designed to show regulators the technology can safely split atoms and generate heat for electricity production. The approval is only from the Energy Department and limited to the pilot project. To produce commercial electricity, Last Energy still needs to go through the Nuclear Regulatory Commission for a license. But the data from this pilot project is likely to count for Last Energy’s eventual application to the NRC for its first commercial plant. “Last Energy’s PWR-5 uses the same physical reactor geometry as the company’s commercial PWR-20, with reduced fuel enrichment scaled for 5 megawatts of electrical output,” the company told me. “The PWR-5 pilot project is a direct bridge to Last Energy’s commercial PWR-20 deployment.” The approval makes Last Energy at least the fourth company so far to pass the PDSA phase after rival microreactor developers Antares, Radiant, and Deployable Energy. But it isn’t the only one. On Wednesday afternoon, an official at the Idaho National Laboratory posted on LinkedIn that he had approved the PDAS for two reactors in the Energy Department’s pilot program. It wasn't immediately clear which company was the second after Last Energy. “I couldn’t be prouder of the exemptional nuclear safety review team,” wrote Bob Boston, the Energy Department’s Idaho operations manager. “The public can rest assured that any and all approvals for new reactors under DOE will be safe.”"

@gokulr Curious if you’re saying this bc you think it’s super negative. From what I’ve seen 90% of growth investors are consensus driven investors. Also you’d hope insider appetite is high, no?

Heard from a growth investor: “If companies are struggling to raise capital, they are likely not a good candidate for us (so only refer your best companies).”

@BruceCMaster @zerohedge I don't think it is, but maybe tangentially related (e.g. selling power electronics to SMRs?)

@zerohedge Since when $VICR is a nuclear stock?

Market rotating back into nuclear stocks again, which were crushed in recent months: Nano Nuclear Energy +10.4% after it acquired nuclear logistics and transportation company Secured Transportation Services LLC for $13 million. Secured Transportation will allow Nano Nuclear to scale through spent fuel, HALEU fuel and advanced reactor components transportation, according to a release Oklo +10% after the DOE selected it for advanced negotiations under the Surplus Plutonium Utilization Program. The program will give Oklo surplus plutonium for conversion into nuclear fuel “This program creates a pathway to use existing surplus material as bridge fuel for advanced reactors to bring more reactors online sooner,” CEO Jacob DeWitte wrote in a release Vicor Corp. +7.7% after it raised its 2Q revenue guidance to $142 million from $126 million. Vicor received a new licensee for its power system technology, which is expected to raise product revenues and royalties, according to a release Other nuclear stocks also gained: NuScale +5.4%, Vertiv +5.1%

If OAI and Anthropic are 0.1% of US GDP, at what % do you think the US Gov would need to make AI a public good?

@rl_env take a guess what % of Harvey/Legora's opex is S&M vs. R&D

Need a VC to support us as much as Sequoia supports Harvey and GC supports Commure

@ericmreiner p much true, but flip side is that cursor is also a very margin dilutive customer to the managed inference players.

I understand that 2 of the largest inference providers in the US have up to 50% of their revenue from Cursor. That's a big bucket to refill following the eventual SpaceX acquisition.

@abhishekm1636 Genspark going crazzzyyy

the SF AI billboard era has officially reached NYC subways

@jordanbramble @AntaresNuclear Epic. Makes a lot of sense on the TRISO piece, and huge congrats to the team!

@AndrewCurran_ What is the likelihood of this actually going through? E.g. Trump wants $1.5T DoD budget, but will that happen?

The Pentagon's Departmental Autonomous Warfighting Group (DAWG) was formed late last year with a $225 million budget. For 2027 they are requesting $54.6 billion. DAWG intends to unify all US autonomous operations under their command; land, sea, and air.

@paulg @apoorva_mehta Except not really, I've seen inference & token spend in COGS, S&M, and R&D. No one puts this in the same place b/c there is no accounting standard (yet).

@apoorva_mehta To the extent tokens are a company's major cost, profit margin already is this metric.

we will start benchmarking companies by their revenue generated per token ($/token) in the same way industrial companies look at $/kwh. not saying that other costs (labor etc) won't exist, they will just be a much smaller fraction.

@zanehengsperger Gecko robotics?

If I could fund a single company that doesn’t exist right now it would be… Machine Maintenance as a Service $222B/year in the US is spent on machine maintenance or repair. Features would include: - quarterly PMs on machines - full service history with access to service history of other exact machines - predictive from sensors or cameras - instant buy spare parts from online store - operator training module - access to AI chat bot (ik cringe) that knows your machine inside out This would be an incredible bet as robotics scale and maintenance is inevitable. I’d hire the oldest guys with the most amount of tribal knowledge. Every single repair or process would be documented with data points and feed into our system correlated to a specific machine.