Key ideas from Michael Burry

• "Tether has 500 million users globally and is growing by 30 million users per quarter, making $7-8 billion annually with 95%+ margins" - Chamath
• "Michael Burry's depreciation argument is incorrect - Google's profit would only decrease 10-12% if they depreciated chips over three years instead of six" - Friedberg
• "Google released Gemini 3, trained entirely on their own TPUs rather than NVIDIA GPUs, with Polymarket giving them 89% odds to finish as top LLM" - Jason
• "The Epstein Files Act passed 427-1 in the House and unanimously in the Senate, with Trump signing after initial reversal" - Jason
• "OpenAI started with 100% market share and is only going down, facing competition from Google, Anthropic, and Grok consistently beating them on leaderboards" - Jason
• "Huawei will likely announce competitive chip technology by 2026 using undisclosed Chinese lithography capabilities" - Friedberg