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Perplexity CEO told Joe Rogan that Microsoft created office work. The dates say otherwise. To be fair to him, half of it is true. Gates really did want a PC on every desk, and Microsoft did make Word and Excel the default tools that almost every office job trains...

31,371 views • 4 months ago •via X (Twitter)

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In 2007, Steve Jobs and Bill Gates sat on the same stage and were asked one question: what has the other guy contributed? Gates said he’d give a lot to have Steve’s taste. Jobs said Apple spent decades missing the one thing Microsoft was good at from day one And the rivalry everyone loved to write about? Jobs said Apple stopped needing to win it back in 1997 The conversation was at the D5 conference, hosted by Walt Mossberg and Kara Swisher. It was the first time in years the two had done a joint interview Jobs went first. Bill, he said, built the first software company in the industry, before anybody really knew what a software company was. He was focused on software before almost anyone else had a clue that software was what mattered Gates answered with the Apple II. In 1977, Apple bet that a computer could be a mass market machine. Then came the Macintosh, and Apple really bet the company on it. Steve builds the products he wants to use himself, Gates said, with incredible taste and elegance. When Steve went back, Apple was literally failing Their history goes back further than most people know. The original Apple II ran a BASIC that Steve Wozniak wrote by hand on paper. It was brilliant, Jobs said, except it didn’t do floating point. They kept begging Woz to add it. He never did. So Apple went to Microsoft and asked for help. Apple paid $31,000 for Microsoft’s version, and Gates flew down to spend two days getting it working Then came the Mac. At the time, Microsoft wasn’t really in the applications business. Lotus ruled it on the PC. So Microsoft bet its future on the Mac making graphical interfaces popular. Back in 1984, Gates said Microsoft expected half its revenue that year to come from Mac software. The original Mac had 128K of memory By 1997, things had flipped. Windows was everywhere and Apple was in serious trouble. Jobs said too many people inside Apple were still playing a game where, for Apple to win, Microsoft had to lose And if that was the game, Apple was going to lose His fix was to stop playing it. Apple didn’t have to beat Microsoft, he said. Apple had to remember who Apple was, because it had forgotten. So he called Bill and they patched things up. He even went further. When he came back, he gave Apple’s old machines and papers to Stanford to clear out the cobwebs. You can’t look back and say I wish I hadn’t gotten fired, he said. Let’s go invent tomorrow Their advice to founders was nearly identical. Gates said the economic value was never the excitement. Even when they wrote down a computer on every desk and in every home, they didn’t think about being a big company. Jobs said you have to love what you do, because it’s so hard that any rational person would give up. Most people who fail, he said, quit because they’re sane Then the moderators asked what each learned from the other Gates said he’d give a lot to have Steve’s taste. In Mac product reviews, he’d see a question as an engineering problem, while Jobs made the decision on a sense of people and product that even Gates couldn’t fully explain Jobs said Apple was never good at partnering, because they started out building the whole thing themselves. Microsoft learned to partner early. If Apple had had a little more of that in its DNA, he said, it would have served it extremely well He ended with a Beatles line: you and I have memories longer than the road that stretches out ahead Most people think business is about beating the other guy The two biggest rivals in tech history spent the evening describing what they envied in each other You don’t have to beat your rival. You have to remember who you are So, Team Jobs or Team Gates? Watch the full conversation below ↓ timestamps in the first reply

qurool

71,891 views • 27 days ago

Microsoft is deceiving you by inflating its AI empire with money it handed its OWN customer first. They sold Wall Street a $37 billion AI business, then went silent the moment its own filing showed where that money came from. The line sits in the annual report for fiscal 2026: Microsoft recorded $24.1 billion of revenue from commercial arrangements with OpenAI, including revenue sharing payments. If you run that figure against Microsoft's own AI disclosures you'll find that OpenAI made up more than half, and likely around 70%, of everything the company counts as AI sales. ONE customer. A Microsoft spokesperson confirmed the figure covers all sales and revenue share from OpenAI. The 70% comes by assuming Microsoft's AI run rate kept growing at the 123% pace the company itself reported in March, which is the company's own optimistic math turned around on it. Now follow where that money starts: Microsoft has put around $12 billion into OpenAI since 2019. OpenAI spends its cash on computing power, and Microsoft is the cloud provider selling it. So the money leaves as an investment and comes back as an Azure bill. Microsoft then books that bill as AI revenue and shows it to investors as proof the AI business is "working." Microsoft invests in OpenAI -> OpenAI buys Microsoft compute -> Microsoft records the payment as AI revenue -> the AI growth story goes to Wall Street And a chunk of it never actually arrived. The same filing shows $6 billion of accounts receivable from OpenAI as of June 30. That is $6 billion of AI revenue Microsoft booked and had not been paid when the year closed. Now here's where it gets really concerning for anyone holding the stock... Microsoft has told the public how big its total AI business is exactly twice. Once for the quarter ending December 2024, when it said the unit was on pace for more than $13 billion a year. And once for the quarter ending March 2026, when Satya Nadella put it on pace for $37 billion. That $37 billion number went everywhere. It was the headline proof that Microsoft had won the AI race. Then fourth quarter earnings arrived, and Microsoft did NOT update it. The company that had been announcing the figure as its own scoreboard stopped announcing the figure. In the same stretch, the filing landed showing where most of it came from. So what is actually left underneath? The full year AI business ran near $34 billion. Take OpenAI out and roughly $10 billion remains. Microsoft has spent about $261 billion on capital expenditure since the start of 2022. That is the scale of the bet against what the rest of the AI business currently brings in. And the one customer holding it up is walking further away every quarter. In October, Microsoft's stake in OpenAI dropped to 27% from 32.5%. In April the partnership was rewritten so OpenAI can sell its products across any cloud it likes, which is how Amazon got a seat at the table. The exclusivity that made this arrangement valuable is gone. The compute bill and the unpaid $6 billion are still on Microsoft's books. Nadella spent two years telling the market Microsoft built the largest AI business in software. The filing shows one client bought most of it, on credit, using money Microsoft partly supplied. So watch the next earnings call: If Microsoft puts a fresh total AI number back on the board, the business found customers beyond OpenAI. If you hear a lot about AI momentum and never hear what it adds up to, you already know why the number went missing. But nonetheless, how is something like this even legal?

Ricardo

24,389 views • 3 months ago

Steve Ballmer sat in a golf club in 2023 and Charlie Munger, 99 years old and partner to Warren Buffett for 60 years, confronted him in front of a full room about why he had held his Microsoft stock for 34 years when every one of his executive partners had sold a 60 second exchange that captured the exact reason Ballmer is now worth more than Bill Gates The video is 60 seconds long and has already crossed 15 million views Munger looked at him in front of the whole room and said: "I know you're not that smart" Ballmer answered without pausing: "no, but I'm that loyal" Microsoft stock went flat for 13 straight years between 2000 and 2013. every analyst on Wall Street said sell. every executive partner Ballmer had at Microsoft did sell Ballmer did not sell a single share in 1980 Bill Gates called him at Stanford Business School and offered him 8 percent of a 24-person startup instead of the safe consulting path his father wanted. Ballmer took the equity in 2000 the dot-com bubble burst and Microsoft dropped over 60 percent in 18 months. every analyst said the party was over. Ballmer held every share in 2014 the Microsoft board pushed Ballmer out as CEO. he could have cashed the entire position on the way out. he held every share three decisions across 34 years. every one of them was Ballmer holding when the smart money was running that 8 percent he took in 1980 is now worth over $140 billion. Ballmer is personally worth more than Bill Gates today, because Gates gave most of his away and Ballmer never did intelligence tells you when to sell loyalty tells you when to hold the paycheck goes to the one who outsmarts the market the fortune goes to the one who outlasts it

MindArch

167,000 views • 1 month ago