Myles Udland

Microsoft Lowers AI Software Growth Targets as Customers Resist Newer Products Executives at Microsoft and other enterprise software firms heralded 2025 as the year artificial intelligence would be capable of automating tasks that involve multiple steps, such as generating dashb...

Cutting AI sales quotas is not what this market wants to hear, but there are also people management issues that emerge if you're going to punish the salesforce behind your AI products that are a bit too raw for the enterprise www.theinformation.com/articles/mic...

Raising a lot of private capital at ever-increasing valuations brings on board cultural challenges with your team that are at odds with why you're able to raise that money in the first place.

And then you have to do things like declare a "code red" three weeks before Christmas.

Bank of America published that 5000-year history of interest rates chart in their 2026 stock market outlook again. You don't need to post it.

interesting that real estate, ex-primary residence, only becomes a majority of the portfolio at the uber-rich level ($1B+)

the time for New Year's Resolutions is actually after Thanksgiving

calling my checking account a USD reserve now www.strategy.com/press/strate...

All the election run-up talk about how deficits might start mattering to markets was focused on the spreadsheet math, but there are some plumbing-related ways this could quickly go sideways.

Lotta green on the screen for a Nasdaq down 3% kind of day

Nice chart from @joshschafer.bsky.social in here. There’s the headline read that Mag7 earnings will converge with S&P 493 this year. Alternatively: Wall St still thinks Mag7 earnings growth will reaccelerate in the second half of the year. finance.yahoo.com/news/big-tec...

Next time I'll make sure to have an agent

Labor data is generally still hanging in, but the vibes continue to deteriorate.

"Despite reporting stronger incomes this month, concerns about unemployment rose; about 47% of consumers expect unemployment to rise in the year ahead, the highest since the pandemic recession." www.sca.isr.umich.edu

There is a drudgery in completing the tasks of a normal adult life an AI agent only adds to

Microsoft's LinkedIn sued for disclosing customer information to train AI models (Reuters) -Microsoft's LinkedIn has been sued by Premium customers who said the business-focused social media platform disclosed their private messages to third parties without permission to train gen...

Hotspot for AI content being sued for allegedly selling content to train AI models. finance.yahoo.com/news/microso...

Stargate, The End of Microsoft and OpenAI OpenAI’s Stargate announcement and revised deal with Microsoft mark the end of the relevant portion of their partnership.

"On the more negative side, funding these data centers with debt — as opposed to MSFT funding data centers with profits — is definitely a bubble indicator... it will be interesting to see who wants to be in the business of loaning against rapidly depreciating GPUs." stratechery.com/2025/stargat...

This is fun, from @ljkawa.bsky.social

There’s just not a lot about the Trump experience that makes me think he enjoys someone else telling their followers what he’s planning on doing.

The amount of information I can access at all times via a device in my pocket has been too much since 2009.

On the one hand, sure, skills are good. Gotta have em.

On the other hand, the whole point of going to Harvard is that there's value in simply saying you went there! You cannot reverse this pitch after the fact! www.wsj.com/lifestyle/ca...

Brown-Forman Announces Series of Strategic Initiatives for Growth LOUISVILLE, Ky., January 14, 2025--Brown-Forman Corporation (NYSE:BFA,BFB) announced today a series of strategic initiatives to position the company for continued growth in the dynamic global spirits ...

Jack Daniel's and Woodford Reserve-maker Brown-Forman laying off 12% of staff, closing Louisville-based barrel making factory. Millennials with beards and flannels have moved on. finance.yahoo.com/news/brown-f...

Chart of the S&P 500 since August. The index currently trades exactly where it did at the close on Election Day.

All post-election gains for US large caps are gone.

JPMorgan has internal webpages where employees can comment on new company policies

Rigetti, IonQ stocks plunge after Nvidia CEO says 'useful' quantum computing is decades away Rigetti Computing, IonQ, and other quantum stocks fell more than 40% after Nvidia CEO Jensen Huang told Wall Street analysts that “very useful quantum computers” are likely 20 years away.

When I was younger, I would've scoffed at the notion a 50% drop in a stock reflected an efficient market. Now, I think the opposite. finance.yahoo.com/news/rigetti...

US labor market is in a really interesting place right now

Great outline of today's mega-concentrated stock market from @robinwigglesworth.bsky.social, with some stats that look dicey and other arguments that make the situation seem more copacetic. on.ft.com/3W8PYzk

Private equity to lobby Trump for access to savers’ retirement funds Industry hopes incoming administration will open long-restricted private investments to individual investors

Marc Rowan: "In the US, we have between $12tn and $13tn in 401k plans. What are they invested in? They are invested in daily liquid index funds, mostly the S&P 500, for 50 years. Why? We don’t know." on.ft.com/3DMzfMg

90s nostalgia is tough for peak millennials, because whereas other instances of "it was better back when" will be wrong in the usual ways, our elementary school years actually were that good. Or so they say.

Right, like if you’re doing the first four, five will just happen. Maybe this emphasis on doing better vs eliminating bad is just gentle parenting for adult millennials, in a way.

I feel like we’ve been moving to this place over the last few years, the cancer label/paternalism fight feels out of date

Pretty sure they’ll have new memes by then

Great quarter, guys!