Scaling Law Skepticism

Peter Lee, Head of Microsoft Research, once quipped a joke about Moore’s law: “There’s a law about Moore’s law…the number of people predicting the death of Moore’s law doubles every two years.” As a reminder, Moore’s law is not a law of physics or

Alphabet's Alpha Bet

A couple of months ago, Demis Hassabis indicated what he is more focused on these days: World models are the thing I’m mostly spending my research time on. You probably saw SIMA 2 come out just a couple of days ago. I sometimes call it SIMA playing in the

Software in Crosshairs

I came across this tweet on last Friday that indicates that the first trading day in 2026 was the worst day for software stocks since 2009 (and third worst in the last 20 years)! During the holidays, I came across several pieces on the current and future potential state of

The Pursuit of Better Explanations

A couple of weeks ago, Instagram algorithm showed this reel to me about James Cameron. It’s a two part series (part 1, part 2) which in aggregate will take you four and half minutes to watch. I recommend you watch the videos, but in case you don’t, this

The Battle for Attention

During 1Q’17 Netflix earnings call, Reed Hastings mentioned something that raised some eyebrows or perhaps created a muffled laughter: Think about it when you watch a show from Netflix and you get addicted to it, you stay up late at night. You're really -- we're competing

2025 Annual Letter

Broadly speaking, I tend to reflect on my year in three buckets: a) operating performance of MBI Deep Dives, b) performance of my personal portfolio, and c) my personal health as well as relationships with my friends and family. For the second consecutive year, MBI Deep Dives has been in

One Year of Parenting!

When the world was celebrating Christmas last year, we welcomed our son Nile to the world! “Oh, a Christmas baby!!”— we kept hearing from the doctors and nurses in the hospital. I didn’t grow up celebrating Christmas, but who knew my greatest cause for celebration would arrive on the

The Ecosystem Advantage

Like “Spotify Wrapped”, ChatGPT yesterday let its users see their 2025 stats which was fun to go through. I almost exclusively use ChatGPT Pro model (with extended thinking) which makes it hard for me to casually chat with ChatGPT as it typically takes 10-20 minutes for each of my

Veeva's Opportunity in Clinical Software

In my Veeva update a couple of days go, I highlighted the below chart to make the point that Veeva clearly expects clinical segment to be their major growth opportunity in their journey to reach $6 Billion revenue run-rate by 2030. Given that context, I wanted to deepen my

Sam Altman's Explanation

Jensen Huang in his recent Joe Rogan podcast had an interesting story from early years of Nvidia: “we convinced ourselves that chip is going to be great. And so I had to call some other gentleman. So I called TSMC…and I explained to them what we were doing. And