#IBM 和 #ARM 正在合作開發以人工智慧和資料密集型工作負載的雙架構企業級硬體。

其目標是透過擴展虛擬化和共享平台層，使基於 Arm 的軟體能夠在 IBM 企業系統上運作。

Shay Boloor: $IBM and $ARM are partnering on dual-architecture enterprise hardware for AI and data-heavy workloads.

The goal is to let Arm-based software run across IBM enterprise systems through expanded virtualization and shared platform layers.

Jack Dorsey just fired half his company.

and the stock went up 23% after hours.

let that sink in.

@blocks - $XYZ, the parent of Square and Cash App, just cut 4,000+ people.

Nearly HALF the workforce. Gone.

here's Jack's statement and it doesn't fuck around:

"The intelligence tools we're creating, paired with smaller and flatter teams, are enabling a new way of working which fundamentally changes what it means to build and run a company."

He considered doing it gradually over months. Then chose to rip the bandaid:

"Repeated rounds of cuts are destructive to morale, to focus, and to the trust that customers place in our ability to lead."

This is NOT a distressed company. Block just posted $10B+ in gross profit in 2025. Up 17% YoY.

They're cutting from a position of STRENGTH.

the part everyone's going to miss:

The market rewarded this instantly. +23% after hours.

That's the signal.

We are entering an era where the most valuable thing a company can say is:

"We need fewer humans to do more work."

And Wall Street is going to keep rewarding that statement every single time.

Think about what this means at scale:

$AMZN: 16,000 cut in January — AI restructuring
$XYZ: 4,000 cut in February — AI restructuring

$IBM: stock down 27% because Claude replaces what their consultants do

$CRWD, $ZS: down 10%+ because Claude does security scans

This isn't a recession. There's no macro crisis.

This is a structural, permanent reallocation of labor happening in real time.

The companies that move fast and go "AI-native" are getting re-rated higher.

The ones that don't are getting IBM'd.

Jack Dorsey understood it. He chose the hard, clear action.

the future is smaller teams. bigger output. higher margins.

the market is telling you exactly where this ends up.

fucking wild time to be alive.

-BP

Note. Not financial advice.

Return on invested capital is one of the most important metrics to identify a high quality company.

In this example, if you bought $GOOG at 8X price to book ratio and sold at a 4X price to book ratio-

Your total return over 20 years would still be 560%.

But if you bought $IBM at 7X price to book ratio and sold at 9X price to book ratio-

Your total return would only be 166%.

Why the massive difference?

Google had a high return on invested capital.
IBM did not.

“We’ve really made the money out of high-quality businesses-

Over the long term, it’s hard for a stock to earn a much better return than the business which underlies it earns." -Charlie Munger