Anthropic's revenue run rate just hit $30 billio, up from $9 billion at the end of 2025. That's 3.3x growth in four months.

OpenAI was last reported at $25 billion in early March, though both numbers are moving fast. The gap between the two largest AI companies has closed far quicker than anyone expected.

The difference is where the money is coming from. Anthropic generates the bulk of its revenue from enterprise customers, over 1,000 businesses now spend more than $1 million a year on Claude, up from around 500 just two months ago. OpenAI still draws heavily from consumer subscriptions. Both models are working, but enterprise contracts tend to be stickier and higher-margin.

To keep up with demand, Anthropic signed a deal with Google and Broadcom for multiple gigawatts of next-generation TPU capacity coming online in 2027, building on a $50 billion commitment to US-based AI infrastructure announced last year. That's power-plant-scale energy consumption for a single AI company.

A year and a half ago, Anthropic was widely viewed as a safety-focused research lab running a distant second. Now it's neck and neck with the company that kicked off the entire AI boom, and it got there by selling to enterprises, not consumers.

Anthropic just signed a deal with Google and Broadcom for multiple gigawatts of next-gen TPU capacity.

Their revenue run rate hit $30 billion, up from $9 billion at the end of 2025.

UnitedHealth jumped 11% today after CMS finalized 2027 Medicare Advantage rates with a 2.48% increase, $13 billion more than what insurers got last year.

The January proposal was nearly flat. The final number was 2.5x higher. That's how Washington works. Propose low, finalize high, and let the lobbyists fill in the gap.

Medicare spending is already one of the biggest contributors to the federal deficit. This just made it bigger.

Helium shortages are biting, a key semiconductor input, mostly from Qatar, now largely offline. The US is in pole position.

"Qatar and Exxon's LNG replacement isn't being built in the Middle East. It's in Texas. Watch these data points, not Trump tweets." - @JOHN ARNOLD

Two narratives on the Strait of Hormuz, petroyuan rising, or US-engineered disruption.

"Most oil is moving through diplomatic back channels and quid pro quo trades. Locals say their main concern isn't insurance. It's not getting blown up." - @JOHN ARNOLD

If you were a state actor trying to disrupt Bitcoin, engineering a quantum panic that forces untested cryptography into the protocol would be a pretty good play.

"Not attributing bad faith, but that's an unintended consequence worth thinking through." - @JOHN ARNOLD

San Diego’s Cajon Pass Deli just turned on Bitcoin payments through Square.

Owner’s reaction when paid in sats?

“Why would I want to convert it to USD? I want to keep it as Bitcoin.”

.(nvk) just released llm-wiki v0.0.10.

llm-wiki is an open-source tool inspired by Andrej Karpathy’s idea for building persistent personal knowledge bases with LLMs.

Instead of stateless chats that forget everything, it lets AI agents compile raw documents into a structured, interlinked Markdown wiki that keeps improving over time.

This update brings better research quality, session persistence, and reliability fixes.

Trump shares footage of Paris from 126 years ago.

Compare that to today.

"If I were a state actor and I wanted to disrupt Bitcoin, one of the things that I would definitely do would be to engineer some sort of panic state." -@JOHN ARNOLD of @TEN31

We discuss:
⚡ Signal vs noise
⚡ Panic kills
⚡ Quantum reality

Trump: "I saw somebody said, 'Oh, he doesn't have a plan!' I have the best plan of all, but I'm not going to tell you what my plan is."

The U.S. is planning strikes on Iranian energy infrastructure if the Strait of Hormuz isn't reopened by Tuesday. Iran just rejected the ceasefire offer.

Oil is already past $110. If strikes hit Iranian refineries and export terminals, analysts are modeling $150. Goldman says $150 triggers demand destruction, which is the polite way of saying the economy breaks.

Every $10 increase in oil adds roughly 30 basis points to inflation. Gas is heading past $4.50 a gallon. That's an extra $1,000+ per household this year in fuel costs alone.

The second-order effects are worse. The Persian Gulf supplies a third of global fertilizer inputs. Fertilizer prices spike, food prices follow within a quarter. Trucking, shipping, and air freight costs are already surging, which means everything on a shelf gets repriced.

The Fed was supposed to cut rates this year. Those cuts are gone. If oil stays triple digits, they may have to hike. Mortgages stay expensive. Auto loans get worse. Credit cards keep climbing.

This isn't a foreign policy story anymore. It's a grocery bill story.