$MSFT $AMZN $GOOG

The power of the bundle:

AI circularity.

Bezos: Within 20 years we'll be building data centers in space. Over / under?

7 people are making $10M+ annually creating Fortnite islands...

Any read throughs from $KMX to $CVNA? Is CAF slowing going to be reflected in $CVNA's Gain on Loan Sales or no?

Is private school tuition a common exec benefit? $STUB

"Collis and Brynjolfsson (2025) estimate that US users would have to be paid $98 to forgo using generative AI for a month."

Why are $WIX registered users growing 7%, but premium subscriptions declining 1%? Churn from large price increases?

"The emergence of GenAI changed the course of this case... These remedies proceedings thus have been as much about promoting competition among GSEs as ensuring that Google’s dominance in search does not carry over into the GenAI space." $GOOG $GOOGL

$INTU “Search and AI traffic is not apples-to-apples. The AI traffic tends to be much higher consideration and converts order of magnitude better through the funnel."

Anyone else in payments other that $V and $MA increasing their take-rates?

$AMZN AWS backlog growth (YoY): Q2 24: 19% Q3 24: 23% Q4 24: 14% Q1 25: 20% Q2 25: 25%

At this point $FIG should acquire $ADBE...

Am I reading these $MSFT disclosures correctly? ~$1.9B in CY Q2 losses on equity method investment in OpenAI / 49% ownership stake = ~$3.8B in total Q2 losses for Open AI. x 4 = ~$15B in run-rate losses for OpenAI?

AI use cases according to earnings calls & conference presentations:

Great responses so far. Keep them coming!

...but I am sure I am missing many. If you submit an extraordinary business via the form below, I will share with you via email the full list and report on the world's most extraordinary businesses once it is complete. Thank you! https://t.co/IHzKIFD2yn

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