FNF #13
By Handzalah / Black Swan Research 31 October 2026, 2:00am MYT
Topics discussed in tonight’s FNF:
- 4 types of rivers described in the Quran and scientific relations to the different types
- Google stock down 12.6% from overspending in CAPEX and lower than expected revenue growth
- Google’s core segment, search, did not perform as expected
- However, the cloud service segment has made good growth for Google
- One member anticipates that these AI models will create a problem so they can sell the solution much like the Apple. This will likely involve AI hackers and AI solution to the hackers.
- Debate on whether analog vs digital
- Digital can have a single point of failure
- When deciding to get a job, it may be prudent to review how the company makes its money. If they are volatile in nature, that may risk your employment.
- Staffing improving penetration rate over the last two months. This positive change is first time since mid 2022.
- Logitech had their 45th anniversary
- Logitech says that the higher cost of semiconductor and GPUs had trickled down to other electronic components thereby squeezing their profits
- One member attended a talk where the panelist was CGS International CEO. The CEO talked about his trip in China and how he was amazed that a Chinese company had 50% of their workforce in R&D.
- Focus Point opened their Prestige Store, a new type of ultra luxury store in Johor
- Exponential growth in Anthropic revenue from 2023 to H1 2026
- Lower cost of compute and infrastructure relative to Anthropic’s revenue
- They have a convertible debt structure which drives down their net profits and creates a potentially insolvent balance sheet
- Anthropic has seen a tremendous growth in enterprise customer base over the 3 years
- Their debt-to-asset ratio is 1.8x. This may very well signal that the company is unsustainable.
- Anthropic is a PBC or a Public Benefit Corporation
- Being a PBC might cause conflict between shareholders and the board set up to ensure public benefit
- There is a prolonged decline in the agriculture market, now exacerbated with the increase in diesel and fertilizer costs
- AGCO’s production hours dropped which means their factories are underutilized which means that they can see the reverse of economies of scale
- One member attended a business pitching event and reflected one idea into a golf idea
- The golf business would be a platform similar to Strava but for golfers