seekingvalue

Jack Dorsey’s Block quietly rehires few from 4,000 fired staff according to LinkedIn posts.

Jack Dorsey’s Block quietly rehires few from 4,000 fired staff according to LinkedIn posts.

Jensen Huang just called out every CEO who’s been firing people “because of AI.” Jim Cramer asked him why companies are laying people off if AI is supposed to make everyone MORE productive. Jensen's answer: "For companies with imagination, you will do more with more. For companies where the leadership is just out of ideas, they have nothing else to do. They have no reason to imagine greater than they are. When they have more capability, they don't do more." Read that again. The man who built the most important tech company on Earth just told you that if your CEO is using AI to cut headcount, it means one thing: They have no imagination. They have no vision for what comes next. They got handed the most powerful tool in human history and their FIRST instinct was to fire people. This is the CEO of NVIDIA. The company whose chips power every AI system on the planet. If anyone on Earth has the right to say "AI replaces workers," it's Jensen Huang. And he said the OPPOSITE. He said every carpenter could become an architect. Every plumber could become an architect. AI elevates capability. It doesn't eliminate it. But here's where it gets really interesting... During the same interview, Jensen revealed something nobody's talking about: He said AI startups like OpenAI and Anthropic are seeing their revenues increase by one to two billion dollars a WEEK. And he wishes these companies were public so the world could see what he sees. One to two billion per week. That's a $50 to $100 BILLION annualized run rate. For companies that most people think are burning cash and making nothing. The entire Wall Street narrative that "AI companies aren't profitable" might be completely wrong. Jensen sees their numbers. He sees their compute orders. He sees their growth. And he's saying the revenue is real. So if the money IS real, why are other companies firing people? Because they're not building AI products. They're not creating new revenue streams. They're not using AI to expand into new markets. They're using AI as an EXCUSE to cut costs because they ran out of ideas 3 years ago and need something to tell the board. Jensen's company added $500 billion in new orders in 5 months. He expects $1 trillion in cumulative revenue through 2027 from just two product lines. That number doesn't include the new chips, systems, or partnerships announced this week. And he's not cutting people. He's hiring. Because when you have imagination, more capability means MORE opportunity. Not less headcount. Meanwhile Salesforce cut thousands. Meta cut thousands. Amazon cut thousands. All blaming "AI efficiency." Jensen's response: You're out of imagination. He also said something that stuck with me. Cramer asked if he ever thought he'd build a $10 to $20 trillion company while waiting tables at Denny's. His answer: "I was just trying to make it through the shift." Biggest tip he ever got? Two, three dollars. Now he's building tech that increased computing demand by one million times in two years. He announced OpenClaw, which he says is as big as ChatGPT. And he's got 21 months of new business that isn't even counted in the trillion dollar figure yet. When asked how long he plans to keep working? "I'm hoping to die on the job. And I'm not hoping to die anytime soon." This is a man who believes every single thing he's building. And his message to every CEO using AI to justify layoffs is simple... You're not innovating. You're surrendering. The technology wasn't built to shrink companies. It was built to make them limitless. If your leadership can't see that, the problem isn't AI. It's THEM.

This team is phenomenal… couldn’t be more excited to have them a part of MAI

OpenAI is cooked. There's no two ways about it.

KeyBanc on $TEAM Atlassian Announces 10% RIF to Get on AI Offsensive and Focus on GAAP Profitability; Reaffirms F3Q and FY26 Guidance; Last week, Atlassian announced a restructuring that will result in the elimination of ~10% of the Company's workforce. We recently caught up with the Company to better understand context and timing. We conclude that the RIF: 1) enables TEAM to self-fund R&D and enterprise sales, while also driving some margin to the bottom line, as Atlassian had previously "staffed up" to finish platform investments for Cloud/Collections, and is in a position to moderate headcount growth going forward; and 2) brings the Company back on the path toward GAAP profitability. Net, we view the rationale positively. OW PT $170

Unsurprising: JPM just pulled the Qualtrics deal. $5.3B in debt that’s hung Existing loan trading at 86 cents. Was par in February. Banks committed to the financing in October. Software credit is now too toxic for the syndicated market.

Slack is so valuable in the ai age if CRM spun it off it’s worth 60b