The market for this agentic nonsense? Projected to explode. From $8 billion to $215 billion by 2035. Numbers. Just numbers. Meaningless in the face of the fundamental truth: most of these companies are burning cash at an alarming rate. C3.ai is bleeding red ink, and they’re trying to convince us it’s a feature, not a bug. I’ve seen better financial statements scribbled on cocktail napkins at a Vegas blackjack table.
Some will be swept aside, their skills rendered obsolete by algorithms. Others, the clever ones, are building the very instruments of their own transformation. Here are three such concerns, not as beacons of hope, but as stark realities of the age.
And the streak. Eight months. Eight! That’s just…showing off. It’s like someone decided to intentionally make everyone nervous. I mean, what’s the point of a safe haven if it’s going to do this? It’s supposed to be boring. That’s the whole idea! It’s like ordering decaf coffee and they give you an extra shot of espresso. What am I supposed to do with that?
What, one might ask, would it take for such a feat? Surprisingly little, as fate often favors the bold – and the well-positioned.
The filings with the Securities and Exchange Commission tell a simple story, a series of Form 4s documenting the purchases of Robert Badvas, Thomas Fallon, Loo Wade, Nikos Theodosopoulos, Seth Meyer, Kiersten Zaza Botelho, and Scott Bluestein. Nearly $1.9 million, pooled together, a collective bet placed on the future of the company. It wasn’t a gesture of defiance, but a statement of belief. These weren’t gamblers chasing a quick return, but stewards acknowledging a temporary disconnect between price and value.
The value of their existing stake, as of the end of the quarter, had swelled to $25.57 million – a tidy increase of $24.70 million. A significant portion of this, naturally, is down to the addition of more shares, but let’s be honest, a bit of market appreciation never hurt anyone. Except, perhaps, those who shorted it.2
The land of Gross National Happiness is quietly lightening its crypto load, and the stack grows thinner with each passing moon. The Royal Government, with a flourish of its digital quill, moved 175 BTC worth $11.85 million late on Monday. To the same wallet, no less, that received 184 BTC in February. Consistency, thy name is Bhutan.
I keep returning to the image of Mildred’s fruitcake. She insists it improves with age, a theory I suspect is based entirely on her unwavering optimism. Cardano, on the other hand, feels less like a maturing delicacy and more like a forgotten loaf, slowly hardening on the counter. The question isn’t whether it’s cheap, it’s whether there’s any actual nourishment left.
Despite its brand recognition, Tesla’s core business remains, fundamentally, the manufacture and sale of automobiles. In fiscal year 2025, approximately 73% of its $94.8 billion in revenue derived from EV sales. This underscores the continuing importance of automotive performance to overall financial results. Current market dynamics, however, present headwinds. Demand for EVs has moderated, coinciding with a less supportive macroeconomic environment and the expiration of the $7,500 federal tax credit in the prior year.
Concerns regarding the disruptive potential of artificial intelligence – as if progress were ever entirely benign – and the rather vulgar subject of valuations have conspired to transform this erstwhile leader into a mere follower. It hasn’t exactly fallen, mind you, but it lacks the impudent energy of its recent past. A pause, one might say, for breath and a little self-reflection.