Mispriced
Subscribe
Sign in
Home
Notes
Archive
About
Nobody Independent Is Checking If AI Actually Works
Every ROI figure in the market was commissioned by the vendor being graded. When researchers with no stake measured the same work, developers came out…
Jul 19
•
Udipta Basumatari
1
June 2026
Winning the Benchmarks, Losing the Market
America still builds the best AI models in the world. The market is about to learn that owning the best model is not the same as owning the most…
Jun 30
•
Udipta Basumatari
1
OpenAI and Anthropic Have a Token Problem. Token Yield Is the Moat.
The panic over AI bills is real, and it killed tokenmaxxing. But the fixes going viral, caveman prompts and a hunt for cheaper models, aim at the wrong…
Jun 15
•
Udipta Basumatari
1
1
SpaceX: You Are the Exit Liquidity
Two index committees read the same SpaceX filing. One rewrote its rulebook. One refused. The spread between those two decisions is the only mispricing…
Jun 12
•
Udipta Basumatari
1
1
Ethereum Already Won. Your ETH Didn't.
ETH is 9.77% of the market cap, down 57% from its high, while JPMorgan builds on Base and routes the token nothing. The network and the asset came…
Jun 3
•
Udipta Basumatari
1
1
May 2026
Half Of Big Tech’s AI Profit Is Imaginary
Alphabet booked $28.7B in paper gains on Anthropic last quarter. Amazon did the same. The $1.6 trillion AI cloud backlog is mostly two unprofitable…
May 30
•
Udipta Basumatari
1
Tech Hiring Is Coming Back. But Most Won't Make The Cut.
Microsoft canceled Claude Code. Uber blew its AI budget by April. Token prices went up, not down. The agentic replacement story is breaking.
May 27
•
Udipta Basumatari
1
This site requires JavaScript to run correctly. Please
turn on JavaScript
or unblock scripts
