Feb 2025: ChatGPT held 90% of the US business market.
Feb 2026: Claude share has surged to ~70%. Absolutely insane growth of Anthropic. Their bet on coding and agents clearly paid off. Source: Yuchen Jin
Open AI Mafia
In the last 5 years, over 30 employees have quit OpenAI to start their own ventures Source: The Market Mind
Norway’s $2.2T Oil Fund Uses AI to Monitor ESG Risks
Norges Bank Investment Management is now using AI to screen all 7,200+ portfolio companies for ethical and reputational risks. Anthropic’s Claude generates daily ESG reports, flags issues like forced labor or corruption, and allows early exits before markets react. This system is especially valuable for small or emerging-market companies. With sustainability and governance tied to financial performance, AI gives NBIM a competitive edge in capital allocation, showing that the future of investing combines returns with responsibility and speed. Source: CNBC
Jack Dorsey’s AI-Driven Workforce Revolution
Jack Dorsey’s Block Inc cut over 4,000 jobs, more than 40% of its workforce, as part of an AI-driven restructuring while reporting strong Q4 and full-year 2025 results. Revenue and profits are growing, EPS beat expectations, and AI tools have boosted productivity by 40%, making roles redundant. Wall Street rewarded the move with a 22% stock gain. This sets a new precedent for corporate America, showing that AI adoption can reshape incentives and workforce strategies faster than ever. Source: StockMarket.news
Goldman Sachs Winner and Looser
Goldman Sachs sees AI winners in hardware, cloud, infrastructure, and security (e.g., Nvidia, TSMC, Microsoft, Cloudflare), while traditional software and consulting (e.g., Salesforce, SAP, Accenture) lose as AI commoditizes code and cuts billable hours. The key: compute, power, and security beat software and platforms, reshaping the tech stack. Source: Michael Fritzell (Asian Century Stocks) @MikeFritzell
Disruption risk from AI, a sector point of view
The most exposed are in the high/right corner, and most of these have a negative YTD return. Source: Credit From macro to micro @Credit_Junk
OPENAI IS ON TRACK TO BURN $218 BILLION AND THAT SHOULD MAKE PEOPLE PAUSE
OpenAI is projected to spend $218B from 2026–2029—far more than Uber, Netflix, and Tesla combined (~$39B)—while top AI researchers note that more compute now yields marginal gains (Source: Hedgie). Unlike companies with clear revenue paths, OpenAI is losing money on $200/month plans, chasing scale in a field with diminishing returns, driving GPU shortages and higher costs. Meanwhile, AI’s actual contribution to U.S. economic growth was minimal, raising questions about sustainability once investor optimism fades.
AI + STABLECOINS ARE COMING FOR GLOBAL PAYMENTS
Markets are reacting for a reason (Source: Bull Theory). Visa (-4.6%), Mastercard (-5.7%), AmEx (-7.2%), and Capital One (-8.8%) fell as AI-driven payments and stablecoins threaten traditional card economics. While cards charge 2–3.5% fees and higher cross-border costs, stablecoins offer near-zero fees and instant settlement. With $33T in 2025 volume (+70% YoY) and projections up to $4T supply by 2030, capital is shifting. Even incumbents are integrating stablecoin rails. Source: Bull Theory
