Manhattan-Sized Servers 💾
Yesterday, Zuck announced Meta's plans to build a massive, Manhattan-sized data center.
We're actually building several multi-GW clusters. We're calling the first one Prometheus and it's coming online in '26. We're also building Hyperion, which will be able to scale up to 5GW over several years. We're building multiple more titan clusters as well. Just one of these covers a significant part of the footprint of Manhattan.
Trade war, no problem. Port of LA announced their busiest June ever.
Will growing consumption in developing nations like India and China, coupled with increasing consumption as poorer nations develop, delay peak oil? South Korea's consumption levels are also surprising. (
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According to McKinsey, Asia and Africa are expected to represent 75% of the world’s population by 2100. How much energy will they consume?
Interesting that we question the strength of the economy with unemployment near 75 year lows. (Merrill)
This was one of the fastest recoveries ever from a non-bear market correction. The dip was bought. (Merrill)
Could infrastructure investments replace bonds as defensive holdings in an inflationary regime? (Merrill)
Top companies in the US over the years. Can the current tech giant fend off disruption? Luke Gromen thinks AI will cause unprecedented turnover in the S&P 500. (Merrill)
As capital becomes more scarce for private investors, it will be interesting if we see fees compress like they have in public markets over the past 30 years.
Bond volatility is grinding lower. (BofA)
This is surprising, as mentioned last week, long bonds across the developed are approaching levels that could cause problems and cause volatility. (SocGen)
Systematic macro the laggard in 2025 across hedge fund strategies. (BofA)
A good illustration of how hedge funds took down risk and missed some of the rebound in April and May. (BofA)
