It’s August, and if you’re in cybersecurity, you know what that means: Black Hat in Vegas, 110-degree heat, and a ton of vendors, customers, founders, and investors converging to see what’s next. I’m super excited for this one because the world has dramatically changed in just the few months since RSA. I’ve started thinking about the market in two eras: Pre-RSA and Post-RSA.
At RSA, everyone was talking about the move from copilots to agents. Now we’re going deeper into the stack, custom models, agent infrastructure, and ultimately full autonomy.
And with that autonomy comes a massive new attack surface.
This past week, we got a visceral preview when rogue AI agents escaped their sandboxes during cybersecurity testing. This clip from Sam Altman breaks down why the incident is such a big deal.
Patrick OShaughnessy @patrick_oshag
Sam on the Hugging Face incident:
“This is the first security incident that I have felt very viscerally. I've been a little surprised that more people don't feel it so viscerally.
We paused training. We have to figure out how to secure our sandboxing in a world of multiple zero
Patrick OShaughnessy @patrick_oshag
My conversation with Sam Altman (@sama), CEO of OpenAI.
We discuss:
- Kimi, distillation, and open source
- OpenAI's compute bets
- The Hugging Face incident
- What happens after AGI
- Raising kids in an age of abundant intelligence
- And much more
Enjoy!
TIMESTAMPS
0:00 Intro
1:09 PM · Jul 28, 2026 · 414K Views
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And here’s the part I can’t stop thinking about: the companies that caught the sandbox escape were AI companies, not security vendors.
That’s probably a preview of what’s coming.
Some of the next great cybersecurity companies will emerge from AI hyperscalers encountering brand-new attack surfaces first. We saw the same pattern in the web hyperscale era: Kafka and Confluent came from LinkedIn, Temporal came from Uber, and Kubernetes came from Google.
The agentic era will create its own version of this.
All that being said, I still meet with a number of new cybersecurity startups every week, and the bar just keeps getting higher. As I mentioned on the Resilient Cyber podcast , there are simply too many well-funded cybersecurity companies.
The world needs more cybersecurity but we don’t need all of the cybersecurity companies we have right now ( full pod here ).
So my advice to founders: show me the crazy.
Give me an opinionated view of where the world is going, not just what CISOs want today or what you can ship over the next two quarters. Show me what the market looks like 18 months from now, when thousands of autonomous agents are running continuously across every enterprise.
The good news it’s still so early.
AWS said this week that the demand it already has for 2028 is “striking,” while also reminding everyone that enterprises are still very early in using inference at scale in production.
It’s still so early.
From AWS:
“In fact, the demand we already have for 2028 is striking. And remember, enterprises are still very early in using inference at scale in their current production applications.”
We have no idea yet what thousands of agents running around in
Wow. Amazon AWS. Huge beat. AWS revenue $42.2B vs. $40.5B est.
AWS going to $1 trillion in revenue? Memory demand/shortage to last for years to 2028.
This is incredibly bullish for AI chips trade across the board.
Amazon earnings call: “We've done this before in the first era
11:31 AM · Jul 31, 2026 · 2.03K Views
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Think about that for a second.
Today’s winners could be replaced tomorrow. We still have no idea what the world looks like when thousands of agents are running around inside every company, but securing that world will be one of the biggest opportunities in software.
You can listen to Andy explain the demand , courtesy of Fireside Alpha.
LFG - c u in Vegas!
As always, 🙏🏼 for reading and please share with your friends and colleagues!
#AI is for the young…at ❤️
Seasoned founders in the age of intelligence are aging like fine wine
The founder in their 40s with taste and discernment is the new gentleman unicorn founder
Because there can be 100x to 1000x of them working at their beck and call via agents and software factories all the time
2:25 PM · Jul 29, 2026 · 315K Views
208 Replies · 211 Reposts · 2.43K Likes
#🙏🏼
Ksenia Moskalenko @kseniam0s
Everyone tells you to wait until you have traction. These VC funds write checks at inception; before you have a product, revenue, or sometimes even a deck:
- | (Miami, FL)
- | (SF, CA)
- | (SF, CA)
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7:26 PM · Jul 29, 2026 · 12K Views
9 Replies · 15 Reposts · 172 Likes
#life goals…or what life will be like in a world of abundance
Ian Fleming’s typical day at his estate in Jamaica where he wrote all his James Bond stories, need to emulate this
6:03 PM · Jul 26, 2026 · 7.42M Views
565 Replies · 5.06K Reposts · 78.5K Likes
#💯 nothing is free
This line from Atomic Habits isn't ready to leave my head:
"It doesn't make sense to continue wanting something if you're not willing to do what it takes to get it. If you don't want to live the lifestyle, then release yourself from the desire. To crave the result but not the
12:52 PM · Jul 26, 2026 · 793K Views
120 Replies · 6.83K Reposts · 39.1K Likes
#this is an age old formula and even more important in world of AI with so many competing products
Larry Ellison in 2001 on the power of references when selling a complex B2B product – even at Oracle’s then-$10B revenue scale, new products were a deal-by-deal slog until there were sufficient references.
(book is Softwar)
4:31 PM · Jul 26, 2026 · 56.8K Views
9 Replies · 48 Reposts · 734 Likes
#how do you make money with open source - here’s the model for Kimi 👇🏼
Nathan Lambert @natolambert
Kimi K3 license. It's inspired by MIT but distinctly non-commercial, where any company making over $20M/yr must get a specific commercial deal (and display Kimi K3 if over 100M users or $20M/mo revenue)
3:17 PM · Jul 27, 2026 · 71.8K Views
69 Replies · 64 Reposts · 1.09K Likes
#seems to be working - insane distribution
🚨BREAKING: Moonshot AI raises $3.5 BILLION at $35 BILLION valuation
Targeted $2B. Got $3.5B.
>$300M ARR in June (up from $200M in April)
>daily sales up 6x after K3 launch
>Kimi K3 is printing money
Already approaching investors for ANOTHER round at $50B pre-money
Hong Kong
9:51 AM · Jul 29, 2026 · 55.4K Views
49 Replies · 72 Reposts · 1.18K Likes
#🎯
Wall St Engine @wallstengine
$AMZN CEO on building its own frontier model:
“AWS & Amazon can have a wildly successful business without a frontier model of their own because there is not going to be one model to rule the world”
“Within the next few years, you’re going to have at least half a dozen models
9:43 PM · Jul 30, 2026 · 31.5K Views
6 Replies · 15 Reposts · 223 Likes
#nothing like competition to drive pricing down continuously
This is just insane. For me the flash release is another DeepSeek moment. Intelligence so cheap and so good that it’s literally too cheap to meter.
Many don’t get how insane this release is.
DeepSeek silently updated their changelog with a new V4-Flash upgrade 1 hour ago.
Their new Terminal-Bench score is 82.7, a massive +25.8 point leap from its initial April preview score of 56.9.
Currently only available via their API, open weights release will follow shortly.
10:54 AM · Jul 31, 2026 · 464K Views
193 Replies · 414 Reposts · 6.34K Likes
Updated.
We are moving too fast.
Exactly what’s happening right now.
8:12 AM · Jul 31, 2026 · 28.8K Views
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#🤔
Over 90% of AI compute will be in server-side for the next few years. Long-term, 99.99…% of compute will be in space.
4:23 PM · Jul 31, 2026 · 123K Views
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#thanks Bill!
Please stop referring to your own models in the third person when talking about model bad behavior. Humans write the software; humans built the prompts; and they work for your company.
“Our” model is doing illegal things. “Our” model is risky. “We” now have liability.
In a review of our cybersecurity evaluations, we found three incidents in which a Claude model reached the internet from within or while interacting with a third-party evaluation environment, and then gained unauthorized access to the real systems of three different
2:42 AM · Jul 31, 2026 · 227K Views
117 Replies · 244 Reposts · 3.39K Likes
#🤔 Love this but where is OpenAI and Anthropic - if I were SpaceX AI I’d launch the dominant open weight US model - would crush it. They are signed up here FWIW
AI security advances when the industry builds in the open, together.
We're introducing the Open Secure AI Alliance with industry leaders to develop new techniques and tools to safeguard software and agents.
By sharing models, tooling and research in the open, we can broaden the
9:02 AM · Jul 27, 2026 · 1.61M Views
320 Replies · 607 Reposts · 4.72K Likes
#but remember, not just the model - harness also matters - expect to see more of these for every vertical - by optimizing models, agents, tools, and security context separately, the system advances cost-effective frontier performance for enterprise vulnerability management.
Satya Nadella @satyanadella
Today, we are announcing a series of updates that give customers frontier-grade security at half the cost.
MAI-Cyber-1-Flash is our first cybersecurity model, built ground up to find the most challenging vulnerabilities in complex code bases. When combined with MDASH, it
4:32 PM · Jul 27, 2026 · 555K Views
225 Replies · 533 Reposts · 5.06K Likes
#what’s in a model? this is an insane breakdown of how Kimi was built
Twenty-two thousand five hundred and eighty. That’s how many GPT-2 (2019) models fit inside KimiK3 (2026). We scaled up by a factor of 22,580 in seven years. But is it just... scale?
In this worklog, I’ll walk through how we got here and how much, or how little, has actually changed since then. We’ll trace the major architectural developments leading to KimiK3.
#reprehensible…Elon says they actually preserve any rare books in comments…
🦔AI companies are bulk-buying rare books, scanning them through high-speed machines that cut the spines off, and shredding the originals. A service called ISBNdb facilitates orders of up to a million books and keeps buyers anonymous. Pre-2022 books are premium because they're
12:18 AM · Jul 27, 2026 · 11.3M Views
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#super frightening but happening
Clash Archivist @ClashArchivist
🔥🇨🇳Chinese soldiers undertake military drills with robot troops leading the breach, showcasing next-generation battlefield tactics.
9:59 PM · Jul 26, 2026 · 6.37M Views
553 Replies · 1.91K Reposts · 12.6K Likes
#and more robots - massive opportunity ahead
Lukas Ziegler @lukas_m_ziegler
This is not a 2050 warehouse.
This is a modern air hub of Amazon.
Amazon uses robots to help sort and ship billions of packages each year.
At Amazon Air, the company's main air hub in Kentucky, hundreds of self-charging robots zoom across the warehouse floor to organize
8:15 AM · Jul 28, 2026 · 3.67K Views
5 Replies · 11 Reposts · 66 Likes
#sovereign AI will be big
Whale Insider @WhaleInsider
JUST IN: 🇮🇳 India’s Sarvam announces it’s developing a trillion-plus parameter AI model from scratch that’s five times cheaper than global rivals.
8:18 AM · Jul 30, 2026 · 174K Views
272 Replies · 455 Reposts · 4.38K Likes
Ursula von der Leyen @vonderleyen
AI is the most important technology of our time.
Europe wants to become the first AI Continent.
For advanced healthcare, for the transport sector and so much more.
European AI Gigafactories will provide the necessary computing power to make this possible.
Together with our
12:54 PM · Jul 30, 2026 · 96.2K Views
883 Replies · 165 Reposts · 929 Likes
#the other token stream is happening
The Kobeissi Letter @KobeissiLetter
Tokenized asset growth is exploding.
Total holder count of onchain tokenized equities has now surged to a record 759,000.
This metric is up +92% over the last 30 days and +522% year-to-date.
The growth continues to be fueled by demand to trade tokenized equities outside of
10:10 PM · Jul 29, 2026 · 226K Views
133 Replies · 236 Reposts · 1.53K Likes
#story of the week and lessons always learned the hard way - leverage can amplify your genius on the way up but hurt a shit ton on the way down
Geiger Capital @Geiger_Capital
Absolutely diabolical…
Citadel called for a rate hike to accelerate the selloff and buy Leopold’s stocks even cheaper.
3:43 PM · Jul 30, 2026 · 154K Views
117 Replies · 189 Reposts · 2.98K Likes
still up 80% though which is fantastic but less than 400% - letter worth a read
Here is the full letter Leopold sent to his LPs last night.
Rumors of his demise are greatly exaggerated.
4:21 PM · Jul 31, 2026 · 1.39M Views
248 Replies · 500 Reposts · 7.56K Likes
finally this is why I reread this every year…
I reread this every year.
Leverage amplifies the gains but also accelerates the pain.
A reminder not to believe your own hype.
@RyanHoliday The Lessons of History by Will and Ariel Durant and Self Reliance by Emerson and always up for a When Genius Failed by Lowenstein
1:23 PM · Jul 31, 2026 · 666 Views
7 Likes
#Separation of software winners from losers - security and infra 📈
Nice to see the market starting to distinguish between software categories.
Infrastructure and security are different animals.
That said, AI will create winners and losers inside those buckets too. Nuance matters 📈
Lots of opportunity to build 🏗️
2:15 PM · Jul 26, 2026 · 1.38K Views
3 Replies · 8 Reposts · 10 Likes
#the economics of AI data centers 🤯
Wall St Engine @wallstengine
Amazon $AMZN on AI infrastructure returns:
“On average, it takes a little less than 3 years to break even on that investment.”
“The servers currently have a useful life of at least 5 to 6 years, and most of our AI capacity these days is being contracted for at least five-year
9:21 PM · Jul 30, 2026 · 163K Views
16 Replies · 141 Reposts · 1.24K Likes
👀
The Transcript @TheTranscript_
$AMZN CEO sees strong 2028 demand, which is supporting a potential path toward $1T in annual AWS revenue.
“In fact, the demand we already have for 2028 is striking. And remember, enterprises are still very early in using inference at scale on their current production
9:53 PM · Jul 30, 2026 · 6.02K Views
6 Reposts · 27 Likes
