In the Loop AI

Latest Episodes:

Memory Could Be the Last Great Investment of this AI Cycle May 13, 2026

Show notes

There has been a surge in memory stocks and memory ETFs, with AI inference demand reshaping the market and perhaps reshaping the entire memory industry.

Micron, SK Hynix, and Samsung are interesting plays with their supply constraints, rising memory needs, and signs that shortages are starting to affect consumer devices.

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🌌 LIMITLESS HQ ⬇️

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TIMESTAMPS

0:00 Memory Companies
5:03 Inference Demand
6:52 Supply Constraints
10:58 Key Players
14:55 Market Conditions
20:04 Forecasting
23:31 Closing

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RESOURCES

Josh: https://x.com/JoshKale

Ejaaz: https://x.com/cryptopunk7213

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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures⁠

Cerebras IPO: The Tech Breakthrough That Could Change Everything May 12, 2026

Show notes

Cerebras is an AI chip company set for a groundbreaking IPO, and its revolutionary chip that could accelerate the development of AGI from 15 years to just 5.

We explore the implications of their unique chip architecture within the context of their partnership with OpenAI. As Cerebras positions itself to raise $4.8 billion, we analyze how its innovations could disrupt NVIDIA's monopoly and shape the future of the AI market.

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🌌 LIMITLESS HQ ⬇️

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TIMESTAMPS

0:00 Intro
1:30 Cerebras Chip Design
3:22 OpenAI's Investment
5:29 IPO
7:37 Inference vs. Training
11:59 Memory
13:34 Distribution
16:17 The Bear Case
18:04 The IPO Landscape
20:50 Investment Strategies
22:04 Closing Thoughts

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RESOURCES

Josh: https://x.com/JoshKale

Ejaaz: https://x.com/cryptopunk7213

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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures⁠

THIS WEEK IN AI: Anthropic SpaceXAI Deal | Elon vs OpenAI Trial May 08, 2026

Show notes

There's now a surprising alliance between SpaceX and Anthropic, as they team up to challenge OpenAI after Musk’s unexpected pivot from criticism to collaboration. The $5 billion deal for Anthropic to utilize SpaceX's Colossus One data center aims to meet their escalating compute demands.

We also discuss Anthropic's new AI templates for financial services, a significant $200 billion Google partnership, and other industry developments like floating data centers.

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🌌 LIMITLESS HQ ⬇️

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TIMESTAMPS

0:00 SpaceXAI Anthropic Deal
9:43 Elon vs OpenAI Trial
15:39 Anthropic Templates
21:23 Google Anthropic's Deal
24:58 Audio AI
26:08 Robotics
27:07 Hantavirus
28:39 Closing

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RESOURCES

Josh: https://x.com/JoshKale

Ejaaz: https://x.com/cryptopunk7213

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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures⁠

Making Sense of the AI Cycle: Where are We Now? May 07, 2026

Show notes

Today, we're analyzing the soaring performance of semiconductor stocks fueled by the AI boom, spotlighting gains from SanDisk and Micron. With the substantial increase in tech giants' capital expenditure projections, now exceeding $800 billion, we can project out the trickle-down effects across the layers of the AI ecosystem.

From potential bubble concerns, insights from thought leaders, and the future of memory supply in powering AI applications, we're going to get to the bottom of this AI cycle.

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🌌 LIMITLESS HQ ⬇️

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TIMESTAMPS

0:00 AI Investment Insights
3:40 Flow of AI Capital
5:46 The AI Layer Stack
9:47 Rise of Agentic AI
12:29 Demand for CPUs
14:33 Memory
20:54 AI Infrastructure
24:19 Navigating the AI Market

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RESOURCES

Josh: https://x.com/JoshKale

Ejaaz: https://x.com/cryptopunk7213

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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures⁠

The OpenAI Phone is Coming... With an AI Operating System May 06, 2026

Show notes

OpenAI's phone, led by iPhone architect Jony Ive, is set to launch in 2027-2028. With a goal of shipping 40 to 50 million units, we explore the implications of an AI-first operating system that redefines user interaction.

We compare OpenAI's consumer-focused strategy to Anthropic's enterprise approach, discuss the challenges of competing with Apple, and ponder the hurdles for user adoption.

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🌌 LIMITLESS HQ ⬇️

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TIMESTAMPS

0:00 OpenAI Phone
1:28 Features and Design
3:01 AI Operating System
5:10 Supply Chain and Production Concerns
6:09 Johnny Ive's Design Influence
8:58 Market Competition and Consumer Interest
11:53 OpenAI's Strategic Roadmap
14:27 Anthropic’s Shift to Financial Services
20:20 Comparing OpenAI and Anthropic
24:39 Future of AI-First Hardware
25:40 Final Thoughts and Speculations

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RESOURCES

Josh: https://x.com/JoshKale

Ejaaz: https://x.com/cryptopunk7213

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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures⁠

Everyone Needs to Use OpenAI Codex... Until Claude Mythos Comes Out May 05, 2026

Show notes

Let's examine the fierce competition between AI coding tools Anthropic's Claude and OpenAI's Codex. As Codex emerges with robust updates, we discuss user experiences and showcase demos comparing game development and dashboard creation.

Highlights include Codex's superior interface and innovative features like auto-review and Chronicle. We also explore the broader implications for AI integration in coding tasks.

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🌌 LIMITLESS HQ ⬇️

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TIMESTAMPS

0:00 Claude vs Codex
3:25 Image Generation Capabilities
4:52 Long Horizon Autonomy
8:55 Chronicles
10:19 Demo
16:49 Dashboard Creation Challenge
20:30 The AI Model Harness Explained
24:27 The Future of AI Tools
26:20 Claude Mythos
27:26 Verdicts

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RESOURCES

Josh: https://x.com/JoshKale

Ejaaz: https://x.com/cryptopunk7213

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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures⁠

THIS WEEK IN AI: Massive Quarterly Earnings, Anthropic's Project Deal, Cursor SDK May 01, 2026

Show notes

We tackle the strong earnings reports from Google, Amazon, Meta, and Microsoft, propelled by AI and cloud growth. Google sees a 94% earnings per share surge, while Amazon's AWS boasts 28% growth.

Meta raises revenue by 33% through AI advertising, and Microsoft reports a 40% increase in Azure. We also discuss innovative AI projects like Anthropic’s transaction trial and 11 Labs’ music licensing.

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🌌 LIMITLESS HQ ⬇️

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TIMESTAMPS

0:00 Earnings in Tech History
3:41 Google
6:22 Amazon
10:15 Cash Flow
14:47 Meta
18:16 Microsoft
22:22 Apple
26:07 Anthropic Project Deal
28:06 Cursor's AI Agent Harness
30:06 Eleven Labs
38:16 Closing

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RESOURCES

Josh: https://x.com/JoshKale

Ejaaz: https://x.com/cryptopunk7213

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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures⁠

The Trial Begins: Elon vs Sam Altman Apr 30, 2026

Show notes

The courtroom showdown between Elon Musk and Sam Altman over OpenAI has begun, with stakes hitting $850 billion and potential damages of $134 billion. As Musk claims he was foundational to OpenAI’s success, Altman’s defense counters with narratives of Musk's bitterness following his exit.

We uncover intriguing diary entries from co-founder Greg Brockman that cast doubt on OpenAI's nonprofit ideals.

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🌌 LIMITLESS HQ ⬇️

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TIMESTAMPS

0:00 The Trial of the Decade
1:51 The Power Struggle
2:55 Testimonies Begin
5:56 The Smoking Gun
7:48 Compelling Arguments
13:51 The Stakes of the Trial
16:56 Peter Thiel's Perspective
19:35 The PR Implications
20:58 Closing Thoughts

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RESOURCES

Josh: https://x.com/JoshKale

Ejaaz: https://x.com/cryptopunk7213

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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures⁠

China Blocks $2B Meta's Acquisition of Manus. It's Getting Real Apr 28, 2026

Show notes

The fallout from Meta's $2 billion acquisition of AI startup Manus, haz beencomplicated by the founders' detention in China and a government order to reverse the deal.

We discuss the implications for US-China relations, the rise of China’s independent AI ecosystem, and the strategic challenges facing Meta CEO Mark Zuckerberg.

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🌌 LIMITLESS HQ ⬇️

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TIMESTAMPS

0:00 Intro
1:13 China's Bold Move
3:57 The Stakes for Meta
5:15 China's Strategy Shift
12:46 China's Energy Advantage
13:38 Open Source Models
19:22 The Future of Meta and China
21:19 AI as a Bargaining Chip

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RESOURCES

Josh: https://x.com/JoshKale

Ejaaz: https://x.com/cryptopunk7213

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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures⁠

Owning the Future: USVC Explained with Ankur Nagpal Apr 27, 2026

Show notes

This 20-min convo with the General Partner of USVC explains how you can invest in Anthropic, OpenAI, and other private deals.

Until now, it's been extremely difficult to invest in SpaceX if you're not an accredited investor.

USVC is trying to change that.
$500 minimum. No accreditation.

A real fund holding:
- SpaceX (20% via xAI)
- Anthropic
- OpenAI
- Crusoe, Vercel, Sierra, Legora

We unpacked:
- the backlash
- how the fee structure actually works
- why NAV matters (a lot)

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🌌 LIMITLESS HQ ⬇️

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TIMESTAMPS

0:00 Intro
0:47 The Purpose of USVC
3:02 NAV and Pricing
8:20 OpenAI Case Study
10:02 AngelList
12:07 Fee Structure Explained
14:03 Portfolio Overview
17:57 Roadmap

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RESOURCES

Josh: https://x.com/JoshKale

Ejaaz: https://x.com/cryptopunk7213

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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures⁠

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