Locator: 45447INV.
EFTs: I've never understood the fascination of EFTs. More on that later.
Forbes, "display until October 15, 2023, special issue" is a special disappointment. Nothing worth posting except these two items:
Fortune: the stories follow.
New startup
- the founder of WeWork now has a new company: Flow.
- as a renter, his idea intrigues me
- a16z: Andreessen Horowitz; his noncompete, non-solicit exit agreement with WeWork expires Halloween, this year (October 30, 2023)
- I'm not sure I would want to invest in the company -- no moat for example; no dividend; but if forty years younger and knowing what I know now, I would love to be part of the company
Saudi Arabia: a tidal wave of money. Spend everywhere.
- will confound / disrupt legacy and startup businesses globally, but nowhere more than in the US
- think PGA-LIV: some of those golfers are going to earn more just by signing with the new golfing association than they will earn in tournament winnings over five years in the PGA -- maybe ten year -- and they will play fewer tournaments, fewer days per tournament
- power can be traced to one company: Saudi Aramco
- "the Saudis can turn oil production on and off by fiat" -- former US diplomat to Saudi Arabia
AI: "AI has become a proxy in the battle for primacy between China and the US" -- Kerry Brown, King's College, London
- US-based leaders in AI: Nvidia an Advanced Micro Devices
- Biden's restrictions on "US chips to China" could put China one to two generations behind the US -- China can live with that; China can't compete if they fall ten generations behind the US
- one may want to watch Apple's announcements in mid-September, 2023
See's Candies:
- full-page ad: "It's never too early to think about the holidays"
- corporate gifts and events
Apple: spatial computing -- a two-page article on Apple's VisionPro
- VisionPro could finally make augmented reality a hit (Tim Cook sees it as much more than "augmented reality")
- if VisionPro flops, could lead to a "decade-long AR winter"
- Apple and Steve Jobs have had flops before and did just fine
- I'm more interested in
- spatial computing,
- the chips,
- the vision,
- than VisionPro itself
USAF fighter: a several-page article on the F-35
- $1.7 trillion
- largest program inside the Pentagon, by far
- annual budget: $12 billion
- Lockheed Martin
- assembly plant: Ft Worth, TX
- ten years late; 80% over budget
- "every air force" wants it
- anticipated life-span: 60 years
- B-52: maiden flight, in 1952; still operational
- Germany has bought 40 F-35 jets; $8 billion
- Canada is interested in buying 88 F-35s
- Lockheed has delivered 960 so far; 630 to the US military
- has performed "effectively" in combat multiple times
Ozempic, Novo Nordisk.
Fortune Global 500, by revenue:
- Walmart
- Saudi Aramco
- Stategrid (China)
- Amazon.com
- China National Petroleum
- Sinopec Group
- ExxonMobil
- Apple
- Shell
- UnitedHealthGroup
- CVS Health
- Trafigura Group (Singapore)
- China State Construction Engineering
- Berkshire Hathaway
- Volkswagen
- Uniper
- Alphabet (first real tech company on the list at #17)
- McKesson
- YoyotaMotor
- Total Energies
- Glencore
- BP
- Chevron
- Amerisource Bergen
- Samsung Electronics
- Costco Wholesale
- Hon Hai Precision Industry (Foxconn)
- Industrial & Commercial Bank of China
- China Construction Bank
- Microsoft (at #30)
- Stellantis (at #31)
- .....
- Marathon Petroleum (#36; up from #49 in 2021)
- Phillips 66 (#37, up from #74 in 2021)
- ...
- Ford Motor (#46, up from #53 in 2021)
- Mercedes Benz
- ....
- General Motors (#50, up from #64 in 2021)
First page of the list of 500:
The winners and losers (look at the top right):
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