Chinese lab releases powerful coding model for near-zero cost, instantly vaporizing the margin structure of every AI company funded in the last three years.
Read full article →When your AI-stock conviction meets Ken Griffin's balance sheet, sometimes conviction loses.
Read full article →Nothing says 'I'm not lobbying against my competitors' quite like insisting you never did, unprompted.
Read full article →A tunneling startup with zero revenue just proved that 'visionary CEO' is a valuation multiple.
Read full article →The United Nations has discovered that aspirational renewable energy targets and actual electricity demand exist in separate universes.
Read full article →A 25-year veteran marvels at revenue math that would make a SaaS founder weep with envy—or confusion.
Read full article →The administration has discovered that intellectual property protection works best when applied selectively to enemies.
Read full article →Valar Atomics proves that in venture capital, fission is just another word for financial structure.
Read full article →Nothing says 'ready for prime time' like pre-emptively lowering expectations for your own product.
Read full article →Miles Wang hasn't founded anything yet, but investors are already pricing his future regrets.
Read full article →DumbCapital covers venture capital and M&A in North America with the skepticism these markets have long deserved and rarely received. We are not impressed by large numbers. We are not moved by press releases. All articles are satirical commentary based on real, publicly reported deals. Nothing here is financial advice.