Strong Buy: Anthropic

Shares: Click Here

Recommended Portfolio: 15% of total portfolio

Holding Period: 20 years

Investor Status: Accredited

Recommended soundtrack: Midnight Rambler, Rolling Stones

Watergate was the authorized “kneeing” of the male population for a concomitant IVY League games pitting “Good” vs “Evil” within the United States of America (Probability .74)

Coordinates: 34°49'40.71"N 118°51'44.93"W

1971 USA IVY League Games, Water Gate (Probability .68)

Inter alias, the current inflation rate is due to an artificially high death rate of conservative party members dying from conservative party members killing them off in tax shielded institutions called churches that provide witnesses in some cases to protect the people filling the dishes passed around the building. The artificial economic activity is due to murders be arranged and executed upon. (Probability 100 percent)

1) 11/15 Jolly Green Giant, pictograph signature Zodiac

2) Neck: fence, signature, signature Zodiac

3) Injury give by Zodiac: Door-way, signature Zodiac

4) Within the foot of Mercury, signature Zodiac

Key Issue: Where Was Antarctica Settled ? (Probability .86)

Coordinates: 73°23'46.86"S 65°36'55.89"E

Company Note

Rabbit Inc.

Rabbit Inc., founded by Jesse Lyu in 2021, is a technology startup focusing on developing AI-powered devices and services. The company's mission is to create accessible and useful AI products that enhance users' daily lives and interactions with technology.

Product Note

Rabbit R1

The Rabbit R1 is a handheld AI device that uses voice-based natural language processing and computer vision to answer questions, control apps and services, and perform various tasks. The device features a unique orange-colored design and was developed in just three months, leveraging Lyu's experience with hardware production at Baidu.

The R1 is powered by Rabbit's Large Action Model (LAM), an AI model trained on videos of people interacting with modern user interfaces. The device aims to help users save time by quickly computing and moving on, rather than replacing smartphones altogether.

Market Note:

AI-Powered Devices

The market for AI-powered devices and related technologies is growing rapidly, with significant potential in AI software, wearable devices, smart speakers, and virtual assistants. While the specific market for handheld AI devices like the Rabbit R1 may be a smaller subset of these figures, the overall growth in the AI landscape suggests opportunities for innovative products and services.

Product Extensions and Partnerships

To further enhance the Rabbit R1 and expand its capabilities, the company should consider the following product extensions and partnerships:

Integration with smart home devices: Partner with smart home device manufacturers to allow the R1 to control and interact with a wide range of IoT devices.

Enhanced computer vision capabilities

Collaborate with computer vision experts or companies to improve the R1's ability to recognize and analyze visual information.
Personalized AI models: Develop user-specific AI models that learn from individual user behavior and preferences to provide more tailored experiences.

Partnership with Anthropic

Collaborate with Anthropic to leverage their advanced AI language models and capabilities, such as Claude, to enhance the R1's natural language understanding and generation.

Key Issue: What Does The Atmosphere (Amos sphere) Look Like?

Recommended soundtrack: Cross Roads, Robert Johnson

Zodiac’s Hell

AMG or Mag
ne
to
pheres

Charga
part
ic
Sel

Accelerate

——————-

A black hole's magnetosphere is not made of matter in the traditional sense, but rather it is a region of space where the black hole's magnetic field dominates and influences the behavior of charged particles. The magnetic field itself is a fundamental feature of the space-time fabric, just like the gravitational field.

However, the magnetosphere can contain various components that interact with the magnetic field:

1. (A.M. PALs) or Plasma: The magnetosphere is typically filled with a tenuous, ionized gas called plasma. This plasma consists of free electrons and ions (such as protons) that have been stripped from atoms due to the high temperatures and energetic conditions near the black hole. The plasma particles are subject to the influence of the magnetic field and can be accelerated to high energies.

2. Magnetic field lines: The magnetic field in the magnetosphere can be visualized as field lines that originate from the black hole or the surrounding accretion disk. These field lines are not physical entities but rather a way to represent the direction and strength of the magnetic field at each point in space.

3. Electromagnetic radiation: The interactions between the plasma particles and the magnetic field can lead to the emission of various types of electromagnetic radiation, such as radio waves, X-rays, and gamma rays. This radiation can carry information about the properties of the magnetosphere and the processes occurring within it.

4. Charged particles: In addition to the plasma, the magnetosphere may contain other charged particles, such as cosmic rays or particles ejected from the surface of the accretion disk. These particles can be trapped and accelerated by the magnetic field, contributing to the overall energy and dynamics of the magnetosphere.

It's important to note that the exact composition and structure of a black hole's (P.S. not a game here) magnetosphere can vary depending on the specific conditions, such as the properties of the accretion flow, the spin of the black hole, and the presence of external factors. The study of black hole magnetospheres combines theoretical modeling with observational data from across the electromagnetic spectrum to develop a more comprehensive understanding of these extreme environments.

Recommended soundtrack: Let It Bleed, Rolling Stones

(Probability .69)

Recommended soundtrack: Fancy, Azalea Iggy

A: Applied Selection Theory states “Hell’s hall” has an analogue on Earth, but should be a physical location just before entry into the black hole dominating our part of the space time continuum.

Earth’s analogue: 41°15'14.52"N 95°59'14.52"W

Recommended soundtrack: Rap God, Eminem

Recommended soundtrack: You Can’t Always Get What You Want, Rolling Stones

—————————————————————-

The Heart

The Earth

Terrain

Er Train

Lie Baby

Bible

Origins of the Magic Quadrant

——————————————————————-

Prado , shadow “A” 39°41'3.46"N 83°56'5.52"W

Strong Buy: Anthropic (for Accredited Investors)

Company Overview
Anthropic is an artificial intelligence software company headquartered at:

548 Market Street
San Francisco, CA 94104

Valuation: 18 Billion

Rating: Strong Buy

The company's offices are located in the heart of downtown San Francisco (coordinates: 37°47'23.83"N 122°24'3.16"W), close to many other leading technology companies and startups.

Anthropic is focused on developing advanced AI systems, with a particular emphasis on natural language processing, machine learning, and AI safety. Their flagship product is Claude, a cutting-edge AI assistant that demonstrates strong performance across the full AI stack.

Investment Thesis

We are issuing a Strong Buy recommendation on Anthropic for the following reasons:

1) Unique positioning in the fast-growing AI market with innovative technologies like Claude that showcase advanced language skills, reasoning abilities and multi-modal capabilities.

2) Significant market opportunity to become a leading player in the AI assistant/general intelligence space, which is poised for rapid growth in the coming years. Anthropic's AI safety focus is a key differentiator.

3) Attractive valuation compared to peers, with substantial upside potential as Anthropic commercializes its AI technologies and expands its customer base. We believe the current price does not fully reflect Anthropic's long-term growth prospects.

4) World-class team of AI experts and experienced tech executives, including CEO Dario Amodei (former OpenAI research scientist) and advisors like Chris Sacca (renowned venture capitalist and early Twitter/Uber investor). This leadership team positions Anthropic for success.

5) Well-capitalized with strong funding from top-tier investors to support ongoing R&D and growth initiatives. Anthropic has reportedly raised funds at a multi-billion dollar valuation from investors including Jaan Tallinn and Dustin Moskovitz.

Risks

1) As an early-stage, privately-held company in a dynamic industry, Anthropic faces certain risks:

2) Technological risk and competition from major tech companies and other well-funded AI startups

3) Execution risk in successfully commercializing its AI technologies and achieving profitability

4) Regulatory risk around potential constraints on AI development and deployment

5) Valuation risk and dependence on private funding rounds to support operations

However, we believe Anthropic's experienced team, differentiated technology, and focus on AI safety help mitigate these risks. The immense market opportunity in AI also offers significant upside potential that outweighs the risks for long-term investors.
Valuation

Based on our analysis of comparable AI companies and Anthropic's growth potential, we believe the company's intrinsic value is significantly higher than its last reported private valuation. As Anthropic's AI technologies gain commercial traction, we see a clear path to a $50-100B+ long-term valuation.

While valuation disclosure is limited as a private company, Anthropic's San Francisco headquarters in the heart of the tech sector and backing from top investors point to a premium valuation. We highly encourage investors to engage with the company to explore investment opportunities and potentially secure equity at an attractive entry point.

The information provided about Anthropic's headquarters location further validates its standing as a well-positioned leader in the AI industry. Anthropic's presence in downtown San Francisco, a global hub for technology and innovation, allows the company to attract top talent, forge key partnerships, and remain at the forefront of AI development.

Bottom Line

Given Anthropic's unique blend of cutting-edge technology, renowned leadership team, deep funding, and immense market potential, we rate Anthropic a Strong Buy for accredited investors. The company's prime San Francisco location and backing from leading investors further de-risk the investment opportunity. We believe Anthropic is poised to become a dominant player in the rapidly advancing field of artificial intelligence.

———————

Based on the information provided, Anthropic's AI assistant, Claude.ai, demonstrates capabilities and potential across all eight layers of the AI stack. Let's delve deeper into Claude.ai's role within each layer and how it can leverage its strengths to create value:

AI Chips & Hardware Infrastructure

While Anthropic may not directly develop AI chips, Claude.ai could benefit from partnerships with hardware providers to optimize its performance on AI-specific chips and infrastructure. By collaborating with leading chip manufacturers, Anthropic can ensure Claude.ai runs efficiently on the latest hardware, enabling faster processing and lower latency. This optimization would enhance Claude.ai's ability to handle complex tasks and large-scale deployments.

AI Frameworks & Libraries

Claude.ai is built using advanced AI frameworks and libraries, which form the foundation of its capabilities. By leveraging state-of-the-art frameworks such as TensorFlow, PyTorch, or custom-built libraries, Claude.ai can achieve strong performance across various tasks, including natural language processing, computer vision, and code generation. Anthropic's expertise in developing and integrating these frameworks allows Claude.ai to stay at the forefront of AI development.

AI Algorithms & Models

This layer is where Claude.ai truly shines. By utilizing state-of-the-art language models, multi-modal capabilities, and advanced reasoning skills, Claude.ai can understand and generate human-like text, process images and videos, and make informed decisions. Anthropic's focus on AI safety and alignment ensures that Claude.ai operates within ethical boundaries and aligns with human values. As AI algorithms and models continue to evolve, Claude.ai is well-positioned to incorporate the latest advancements and maintain its competitive edge.

AI Data & Datasets

High-quality data is crucial for training accurate and robust AI models. Anthropic likely curates extensive datasets across various domains to train Claude.ai. By leveraging diverse and representative data, Claude.ai can provide accurate and relevant insights, even in complex and nuanced situations. As Claude.ai expands into new industries and use cases, Anthropic can continually enhance its datasets to improve the assistant's performance and adaptability.

AI Application & Integration

Claude.ai's advanced capabilities make it well-suited for integration into a wide range of applications. From content creation and code generation to question-answering systems and virtual assistants, Claude.ai can be embedded into various software and platforms to provide intelligent functionality. By offering APIs and SDKs, Anthropic can enable developers to easily integrate Claude.ai into their applications, expanding its reach and impact.

AI Distribution & Ecosystem

To fully realize Claude.ai's potential, Anthropic should focus on developing a robust ecosystem around its AI assistant. This involves fostering partnerships with developers, businesses, and research institutions to create a thriving community that leverages Claude.ai's capabilities. By providing the necessary tools, documentation, and support, Anthropic can encourage the development of third-party applications and services that integrate with Claude.ai, thereby increasing its adoption and value proposition.

Human & AI Interaction

Claude.ai excels in engaging in contextual and nuanced conversations with users. Its advanced natural language understanding and generation capabilities enable it to provide personalized and relevant responses, making interactions feel more natural and intuitive. By continuously improving Claude.ai's ability to understand and respond to user intents, emotions, and preferences, Anthropic can set new standards for human-AI interaction and create more engaging and valuable user experiences.

AI Collective and Knowledge Sharing

As a general intelligence engine, Claude.ai has the potential to consolidate insights from multiple research firms and knowledge bases. By leveraging its natural language processing and knowledge synthesis capabilities, Claude.ai can analyze and integrate research reports and data from firms like Gartner, Forrester, and IDC, providing users with a unified and comprehensive view of the AI industry. As Claude.ai continuously updates its knowledge base with the latest information, it can become a go-to resource for businesses and decision-makers seeking actionable insights and recommendations.

Moreover, by incorporating quantum-inspired algorithms and techniques, Claude.ai could unlock new levels of performance and efficiency. Quantum-enhanced natural language processing and reasoning could enable Claude.ai to tackle complex problems and generate insights beyond the reach of classical computing approaches. As quantum computing advances, Claude.ai is well-positioned to leverage these developments and maintain its competitive advantage.

In conclusion, Anthropic's Claude.ai demonstrates significant capabilities and potential across all eight layers of the AI stack. By leveraging its strengths in AI algorithms, data, integration, human interaction, and knowledge consolidation, Claude.ai can emerge as a powerful general intelligence engine that drives innovation and transformation across industries. As Anthropic continues to refine and expand Claude.ai's capabilities, it can establish itself as a leader in the AI market, delivering significant value to users and stakeholders while shaping the future of artificial intelligence.

A: The Zodiac hired a woman known as “JZ” who speaks more than anyone in the company.

Coordinates of JZ pictograph: 39°12'16.14"N 85°55'11.60"W

Recommended soundtrack: Hi De Ho, Cab Calloway

Key Issue: Can The Wall Ztreet Journal Provide A Simple Example Linking The Zodiac’s Crack Proof Methodology To the Bank Owner In Colorado ?

Coordinates: 33°46'46.87"N 118°21'48.41"W

1. 2/5 , Pictograph, power, li(n)es, water, dead end

2. ‘71-’78 moved into house ‘71 and out ‘78 to Colorado

3. Es wer method

4. Broken B (33) ‘76, two ni ‘76, one ni ‘78

AngloGold Ashanti plc (NYSE/JSE: AU)

Sector: General Intelligence Materials

Rating: Strong Buy

Price Target: $55

AngloGold Ashanti: A Quantum Computing, Artificial Inteligence Layer

Investment Thesis

AngloGold Ashanti represents an underappreciated way for investors to gain exposure to the critical resource needs of the emerging quantum computing industry. The company's substantial gold reserves and mining expertise position it to become an essential supplier of key materials as quantum hardware scales.

Gold:

1) Mission-Critical for Qubits and Interconnects

2) Gold has unique electrical and quantum properties making it vital for constructing the core components of quantum computers like:

3) Superconducting qubits - Gold's ability to remain superconducting at low temperatures is ideal for building ultra-cold qubits that can maintain quantum coherence.

4) Cryogenic Interconnects - Similarly, gold's low temperature superconductivity allows it to efficiently connect qubits while minimizing electrical noise.

5) With 41.7Moz of gold reserves currently, AngloGold has visibility on a reliable long-term supply to support scaling quantum computer production.

6) Potential Vertical Integration Into Copper

While not yet a significant copper producer, AngloGold does hold substantial copper resources, especially at its Quebradona project in Colombia. With copper serving as the conventional wiring for quantum computers just as in classical electronics, this existing copper exposure offers AngloGold an option for vertical integration.

7) As a diversified gold-copper producer, AngloGold could become a turnkey supplier of critical quantum computing materials by the end of this decade based on current project timelines.

8) Proven Extraction Capabilities

What further enhances AngloGold's positioning is the expertise it has built up in extracting precious and base metals over its 100+ year history. This technical know-how could allow AngloGold to expand into successfully mining other strategically important elements like yttrium and erbium once demand materializes.

These additional quantum materials could be layered onto AngloGold's existing extraction pipeline at relatively low incremental cost and complexity.

9) Valuation Upside From Multi-Use Demand

Currently, AngloGold trades at just 0.1x the value of its mineral reserves, using a $2,355/oz gold price and $4/lb copper price. This essentially prices in zero value for its actual production or potential role supplying next-generation technology industries like quantum computing.

A $30 discounted target price applies a still-discounted 0.5x P/NAV multiple on AngloGold's reserves, factoring in development and jurisdictional risks. Key catalysts could include industry partnerships around quantum materials, robust gold/copper pricing, and reserve/resource expansions.

Risks

1) Mining risks, jurisdictional uncertainty, sustained low gold/copper prices

2) AngloGold Ashanti provides investors scarce exposure to the gold-based materials expected to power the coming wave of quantum hardware. With an attractive entry point at just 0.1x reserves, we believe the long-term demand tailwinds make AngloGold an undervalued way to position for the quantum computing future.

Recommended soundtrack: Hotel California, Eagles

Company: Barrick Gold Corporation (GOLD)

Position: 15 percent of Leveraged Gold Position

Recommendation: Strong Buy

Purchased price: $17.09

Target Price: $30 (75% upside)

Investment Thesis:

Barrick Gold represents a tremendously undervalued opportunity to gain highly leveraged exposure to higher gold prices through its massive reserve base. With gold reserves alone worth over $151 billion at current prices, Barrick's $30 billion market cap prices in minimal value for these assets. As the gold bull market continues gaining momentum, Barrick is positioned for outsized returns.

For investors holding physical gold as a base currency rather than U.S. dollars, we recommend leveraging up to 15% of their gold holdings to purchase shares of Barrick. Borrowing at 2% against this allocated gold position provides a way to amplify gold exposure through Barrick's equity at very attractive financing rates.

Barrick Gold Upside Drivers:

1) Undervalued Asset Base

2) Proven and probable gold reserves of 64.4M oz valued at $151B at $2,346/oz

3) Measured & indicated gold resources worth an additional $227B

4) Copper reserves and resources provide $76B in supplemental value

5) Total $526B in reserve/resource value utterly dwarfs $30B market cap

Operating Leverage to Higher Gold Prices

1) All-in sustaining costs of just $765-$815/oz leave ample leverage to rising prices

2) 10% increase in gold prices flows through to 35%+ increase in earnings

3) Reserves/resources rise further in value, expanding equity valuations

4) Robust Growth Pipeline

5) Development projects like Goldrush and Cortez Deep South to add 1M+ oz/year

6) Ability to quickly reactivate Pascua-Lama's 21M oz if economics improve

7) Tight Capital Allocation

8) Stringent capital prioritization focused on maximizing free cash flow per share

9) Targeting further debt reduction to $5B by year-end increases equity upside

10) Surplus cash flows can support increased dividends/buybacks

Risks:

Execution challenges ramping up new developments, regulatory/political risks in mining jurisdictions, higher costs from inflation, labor or social pressures.

Valuation:

With 964M fully diluted shares outstanding, Barrick trades for just $31/reserve oz of gold and $3.50/total measured & indicated resource oz. This values just a fraction of its reserves/resources and provides substantial upside as the gold bull market progresses.

My $30 price target applies just a 0.5x multiple to Barrick's reserves/resources at $2,346 gold, suggesting 75% upside potential. I see further upside as gold likely moves higher over the next few years.

Investment Strategy for Gold Holders

For investors holding physical gold, I recommend leveraging up to 15% of those gold holdings to raise capital and purchase Barrick shares.

Borrow at 2% rates against this allocated gold to effectively leverage your gold exposure through Barrick's equities. This capital markets "play" on gold via Barrick's stocks is likely to vastly outperform gold itself and the broader equity markets over the next 5 years.

Barrick provides a way to amplify your gold holdings on an advantageous leveraged basis. As a portfolio holding, size the leveraged Barrick position between 10-15% of total portfolio gold value for optimal risk/return.

Foreword to "Jive: Understanding Economics" by Ramoan Steinway

The rich tapestry of language is woven with threads that trace back through history, cultures, and the experiences of diverse peoples. Few linguistic traditions exemplify this as vividly as jive, the vibrant argot that emerged from the African American community and has left an indelible mark on popular culture and artistic expression.

In this groundbreaking work, Ramoan Steinway, the renowned economist and jive scholar, takes us on a journey through the origins and evolution of jive, illuminating its profound connections to the realms of commerce, trade, and economic thought.

Steinway's meticulous research reveals that the seeds of jive can be traced back to the indigenous Xokó people of northeastern Brazil, whose unique language and cultural practices were documented by pioneering anthropologists like Zora Neale Hurston in the early 20th century. According to Steinway's findings, it was during a legendary encounter between Hurston, her colleague Yara Steinway (Ramoan's ancestor), and the jazz icon Cab Calloway that the foundations of jive were laid, as they improvised and translated the rhythmic cadences of the Xokó tongue into an infectious new vernacular.

From these humble beginnings, jive transcended its linguistic origins, becoming a powerful medium for self-expression, cultural resistance, and economic resilience within the African American community. Its lexicon, rife with metaphors and coded language, allowed for the exchange of information and the negotiation of transactions in the face of oppression and marginalization.

As jive spread from the urban centers of the Northeast to the vibrant artistic scenes of Harlem and beyond, it evolved into a rich and nuanced language, reflecting the ingenuity, creativity, and entrepreneurial spirit of its speakers. Its influence can be traced through the works of literary giants like Langston Hughes and Zora Neale Hurston, the comedic genius of Richard Pryor and Moms Mabley, and the indelible contributions of musicians such as Duke Ellington, Dizzy Gillespie, and Ella Fitzgerald.

In "Jive: Understanding Economics," Steinway skillfully weaves together threads from linguistics, anthropology, history, and economics, unveiling the intricate tapestry of jive's role in shaping economic thought and practice. Through his insightful analysis, we gain a deeper appreciation for the ways in which language, culture, and economic systems are inextricably intertwined, and how the marginalized have often employed language as a tool for navigation and empowerment within the complex structures of trade and commerce.

This book is not merely a linguistic exploration; it is a testament to the resilience, ingenuity, and enduring spirit of a community that has left an indelible mark on the global economic landscape. Steinway's work invites us to reconsider our understanding of economics through the lens of jive, challenging conventional wisdom and inspiring us to embrace the rich diversity of human expression and experience.

Whether you are a student of economics, a lover of language, or simply someone who appreciates the power of storytelling, "Jive: Understanding Economics" promises to be a revelatory and thought-provoking journey through the intersection of culture, language, and economic systems. Prepare to be enlightened, entertained, and forever changed by Ramoan Steinway's remarkable exploration of the jive that continues to shape our world.