Bharat

The semi-space is extremely crowded both from retail and institutional investors right now. AI is not stopping, and as you know, I am a big believer in AI and had a significant part of my portfolio in semis, but I have lowered my semi exposure substantially across the board, as excitement is outpacing reality right now. Yes, we will need more chips to power AI. At the same time, enormous optimizations are and will continue to happen on all levels of token consumption, from end clients on how they use these models more efficiently to AI model companies and hyperscalers optimizing hardware with software to squeeze significantly more from existing compute and pricing their services accordingly. The amount of spending that the main compute buyers can do on an annual basis is also reaching its limits, and that growth won't accelerate indefinitely, especially as the market is not rewarding many of these higher CapEx decisions. I also don't believe that, in the long run, most economic tasks will be handled by the top frontier model. Companies hiring human workers, for example, in customer service, don't look for PhDs — they're overqualified and too expensive for work with limited economic value. The same logic applies to model deployment. And because frontier progress is moving so fast, the capability overhang on older models keeps widening, leaving them more than capable for an ever-larger share of tasks. The valuations of many of the semiconductor companies on paper don't look expensive, but the real catch is in the margins, which are historically high and in the long-term will normalize, especially as we can see that competition/alternatives are heating up in a lot of places down the chain. Sales volumes can and will go up, but that doesn't mean profits will go up; keep that in mind.

Bengaluru 1000+ currently. 1500 is the next target, we will be there soon !!

2 things- People who have GC/ Citizenship, they are not coming back period People who have H1Bs and cant afford EB5 have to come back - whether they like it or not Plus Students going to US/ anywhere else have gone down I would argue we have a talent deluge & lesser opportunities ( not brain drain issue) + on a long enough time arc- Forex pressure due to lower remittances We better create opportunties, else we would face a forex risk to start with

All the shrill cine-cats have gone quiet now. No loud calls for swift justice, encounter-policing, performative moral outrage, tweet barrage from any corner of the film fraternity. Utthappudu ayithe andharu pululu, simhalu, vetagaallu.. iga ippudu endhuko moogaboyyinaru mari

Bandi Bageerath POCSO Case Update: 96 Hours After Looks like despite vernacular media going mute, blind and deaf plus losing all the mental capacity to think & act responsibly, the Telangana Congress Government has come under immense pressure. Social media showed its power in this case. Even on social media, a lot of paid content was pushed. Much worse, the details of the victim including her photos and videos have been widely shared. But, public anger was visible. They were properly informed & definitely well aware. Looks like, Telangana police just a while ago revised the original FIR, owing to this severe public pressure. The FIR registered on 8th May, had only Sections 74 and 75 and Sections 11 read with 12 of the POCSO Act. The sections only covered sexual harassment offences with maximum sentence of three to five years. The altered FIR now has Section 5(I) read with Section 6 of the POCSO Act. Invoking Section 5. The charges are now aggravated penetrative sexual assault. Section 5(I) of POSCO refers to penetrative sexual assault causing survivors severe bodily harm and injury or injury to the sexual organs of the child. Under Section 6 attracts a minimum of 20 years rigorous imprisonment, extendable to life imprisonment. Once proved Bandi Bageerath can be in jail for the rest of his life! Personally, I think he deserves strictest punishment possible. Men like him deserve to be behind the bars. Police say the change in sections happened after speaking to the rape survivor today afternoon. They finally realised the gravity of the offence committed by Union Minister of Home Affairs Bandi Sanjay’s son Bandi Bageerath. But, I have read the complaint copy filed on 8th May 10pm, the contents were horrific then too. Whoever filed the FIR deliberately did a botched job. And I think there was substantial evidence to back the assault on the minor child. Another important factor could be the interim bail petition that was filed before the vacation bench today. One of the arguments was how the sections filed would only attract 3 to 5 years maximum punishment and hence Bageerath deserves a bail. Public anger is so high in this case. If at any point Bandi Bageerath gets a bail on 14th May 2026, they would come on streets. It would go beyond control for the government. It is just the first step. A lot more needs to happen in this case. Hoping the tribulations of the victim’s family come to an end soon. Hoping they find justice and peace soon. They have endured a LOT already. Meanwhile! Don’t stop questioning. Especially when in comes to grievous offences like POCSO. Bandi Bageerath was given a notice to appear before the police tomorrow for investigation. Is he in the country, will he appear, will the media question - let’s see.

Indian milk ice cream is the world's best. Swiss ice creams come close, but you can't get the taste of Indian milk ice cream. In India, "ice cream" means it is made of 100% milk and not hydrogenated vegetable fats like many other countries. IMO, the best Indian ice creams are the ones made with natural fruit, nuts, and milk. But Indian ice creams brands are being bought by foreign investors and companies. This is happening for all products and startups where India excels. Instead of Indian brands expanding and competing world wide, they sell out. The foreign buyer generally never takes the Indian brand international, instead makes it worse, or shuts it down. This can only be stopped by GoI.

The world still runs on the dollar. But countries are quietly hedging out: buying gold, trading in non-USD pairs, building payment rails outside SWIFT. UPI has been incredible for India to say the least. To friends championing dollar-backed stablecoins, specifically dollar-backed, this seems like a bad idea long-term for India. Credit where due, to Modi govt and regulators, you got this one right in the face of a lot of pressure. On the other hand, if there were a gold-backed stablecoin and one could monetise the unutilised gold sitting in Indian households to return a yield… don’t know enough to talk about this, but thoughts?

Anthropic CEO when he found out their Chinese competitor is 8x cheaper and open source

Costco spots a recession before economists do. When members shift from beef to chicken, then to canned tuna, something in the economy is bending. You don't need a model. You need a checkout counter and millions of members with long memories.