IP

BigAd8456

Netflix didn’t just buy a studio, they bought a time machine. Warner Bros. has 100 years of cultural weight. Netflix has algorithmic reach. If they merge those correctly, it’s the biggest shift in Hollywood since the streaming boom. If they don’t, we’re about to watch some of the world’s best IP get stretched like pizza dough.

rem7

This is almost spot on. Except the end. Paramount wanted the whole thing before splitting. Paramount offered $30 per share so around $75B. Netflix is offering more and just for the studios/IP. So it’s a much bigger offer.

Glass-Ambassador7195

Warner Bros and the IP was under the trash leadership of the worst CEO in entertainment- david zaslav. As much as I do not like monopolistic capitalism I’m happy that POS who was burying and canceling scripted shows will be out of power.

12A1313IT

Warner Bros have such great IP. You guys are not seeing the bigger picture, people will be getting Netflix for life.

AYETEEWHY

A-1, buy the dip. B-2, this is generational. Respectfully, fuck the HBO of it all -- the WARNER of it all is the treasure chest. Superman. The Matrix. DC will finally be GOOD. And Netflix is GLOBAL. And it's on your phone and in your home. And Netflix does theatrical releases whereas HBO has only done so for some Indies in the past. This is a buy and hold and keep buying. It's Netflix's game to lose. They immediately save on licensing fees for HBO and WB properties. NFLX has to PAY to host films they didn't produce on their platform. They now effectively save all the money they would have paid to "RENT" those titles. Also, this is IMHO a more elegant version of Amazon's MGM play. Netflix can now relaunch Sopranos for a modeler GLOBAL audience. So many gems from the golden era of HBO that Gen Z has never heard of. I live in LA and all my industry friends are working on Netflix shows and films. Anyone who's working is working on a Netflix project. They're not going to make shitty versions of old IP. They have the money to invest in the talent to do with some old IP what Marvel did. Find something in the WB basement, dust it off, get a salaried genius to bring it to life, make sure folks in Asia and Europe and Africa feel seen, and go LAUGHING to the bank. I own and ad agency, btw so I won't give all the ad plays away, but man -- THEME PARKS?! $100 bucks?! Bruh. Buy buy buy and hold.

AYETEEWHY

A-1, buy the dip. B-2, this is generational. Respectfully, fuck the HBO of it all -- the WARNER of it all is the treasure chest. Superman. The Matrix. DC will finally be GOOD. And Netflix is GLOBAL. And it's on your phone and in your home. And Netflix does theatrical releases whereas HBO has only done so for some Indies in the past. This is a buy and hold and keep buying. It's Netflix's game to lose. They immediately save on licensing fees for HBO and WB properties. NFLX has to PAY to host films they didn't produce on their platform. They now effectively save all the money they would have paid to "RENT" those titles. Also, this is IMHO a more elegant version of Amazon's MGM play. Netflix can now relaunch Sopranos for a modeler GLOBAL audience. So many gems from the golden era of HBO that Gen Z has never heard of. I live in LA and all my industry friends are working on Netflix shows and films. Anyone who's working is working on a Netflix project. They're not going to make shitty versions of old IP. They have the money to invest in the talent to do with some old IP what Marvel did. Find something in the WB basement, dust it off, get a salaried genius to bring it to life, make sure folks in Asia and Europe and Africa feel seen, and go LAUGHING to the bank. I own and ad agency, btw so I won't give all the ad plays away, but man -- THEME PARKS?! $100 bucks?! Bruh. Buy buy buy and hold.

biz_student

True, it seems though that this repricing of WBD would have downstream implications for DIS as it highlights the market’s opinion on IP valuation. Interesting we haven’t seen any movement for DIS despite them having more IP, a better flywheel for exposing IP, and better profitability. Disney is very unlikely to auction themselves, but there are companies like BRK, AAPL, and AMZN that could buy Disney without financing.

Pulled_Forward

This is far from unique to Google. Nvidia and TSMC are collaborating to achieve the same thing and take it a step further. Not only are they leveraging AI to improve the the chip architectures and frameworks (hardware and software like Google), they are also actively improving the manufacturing process to more efficiently and effectively produce GPUs. Because Broadcom owns a lot the TPU chip IP and TSMC allocates more of its advanced silicon to Nvidia, there are fundamental roadblocks to Google achieving the same thing. Also, Gemini has yet to disprove the allocations it is a second rate coding model due to time-consuming hallucinations stemming from poor context recall as sessions get longer and outright stubbornness at times where it loops through the error/bug fixes forgetting that it didn't work a few turns ago. This could mean that AlphaEvolve is less performant and is being leveraged across fewer layers of the vertical stack when compared to what Nvidia and TSMC are doing.

StretchFrenchTerry

Seriously, there are so many characters in their IP that they could resurrect but it's just all disappeared. As a kid it was everywhere, and then one day it was just gone.

stickymeowmeow

A quick Google search shows that Friends earnings continue to grow every year, making more now in streaming than in its original run. Studios spend billions on new releases while people keep rewatching their comfort shows. IP definitely matters. Even if it’s “old.”

Piranata

Warner Bros has a lot of IP, but the company stock price is a pretty much a flat line. Look at the historical data, it harmed Discovery stock price and never recovered. There's nothing that guarantees it'll be different under Netflix.

Xzlk

No position, but how did Disney not pop on the Warner Bros deal. If Warner Bros IP is selling for 70B, I can’t imagine what Disneys would sell for.

dalivo

Lack of a cohesive story as to why this merger makes sense. It's not the debt. It's whether there are legitimate synergies. Like, is Netflix going to close HBO Max? Is it going to create new Harry Potter and DC series? What's the vision of theatrical vs. streaming vs. other IP uses (parks, merch)? Is Netflix going to be another Disney with all of this classic IP? My take: As odd as this sounds, the WB IP is worth far more than Netflix. Netflix has a good business model based on regular, new, but basic content. But its own IP is junk and they can't do anything with it beyond maintaining subscribers. They've shied away from theatrical distribution because they know their stuff wouldn't have legs. The WB catalogue gives them a chance to go way beyond subscriptions using all of their intelligence about what consumers like. They won't get a ton of new subscribers, but they will be able to unlock theatrical and merch value that WB/Discovery was really trash at (sorry, folks, green-lighting Peacemaker and Doom Patrol and other weird off-brand adult-focused DC series on HBO Max is a stupid strategy. Those are niche products. DC is on track theatrically, but they need to make more general-audience-friendly material overall.)

biz_student

What blows my mind is that if Warner Bros is with $82.7B, then how is Disney only valued at $190B with all their IP, streaming service, hotels, parks, etc?

diegodamohill

AT&T bought WB, but they couldn't manage it and then moved their debt to it then sold it. Discovery bought it, got even more debt (50B+)!, then spent the last few years just cutting cost as much as possible to reduce that debt, then when it got "low" enough (It's still gigantic) decided to split WBD into two companies, one with all the good IP, HBO, streaming etc, and the other will have cable, news and whatever else they don't care about. But most importantly, the second one gets all the debt, leaving the first one to be pristine and primed for buying so the top guys get a gigantic pay. That's when Netflix and Paramount got in with "I want that"

stonkbot3021

Love the Fred Flintstone name drop in the article as if that’s some sort of IP anyone cares about these days.

financefocused

Good IP but terrible management. Also kinda late to streaming

Arrakis_Surfer

I really need someone over at r/theydidthemath or r/coolguides to show me how much of the market they just bought. In terms of IP size compared to Disney.

ImArcherVaderAMA

The movie has been massive, every kid knows the songs, boys and girls. They're being played on the radio now. The singers have had live performances on TV. The theaters were sold out and packed, and every kid and teenager sang along to all the songs knowing all the words, screamed and cheered for all the emotional scenes. The IP has been huge. Head in the sand doesn't negate something's cultural impact...

JC_Hysteria

Dang Lochness monster always consolidating IP

JC_Hysteria

I doubt they’ll consolidate brands and IP any time soon… It’ll be a strategic option for them when the timing makes sense, though.

TheGrateCommaNate

Netflix would do a much better job, don't you think? It's pretty clear that the execs are the ones screwing it up. They called Joss Whedon to marvel up the Justice League script at the last second. They keep trying to duplicate the MCU but they have no direction because upper management can only see quarterly profit. Netflix definitely makes trash but they tend to do pretty well with good IP. Daredevil was so good that Disney just continued it.

Jesus-Musk

Imagine Zaslav’s whole MO was to fire all the dead weight at WBD and sell the IP

pragmojo

Disney is a parks business with a media company to advertise their IP

Medical-Shoulder-337

I’m not and yes, the US is only about +/- 30% but the US user base is the most dense by a wide margin and likely generates the highest ad revenue so yes the US is going to be the most important market Switching out of getting eyeballs into we have to service this debt mode is going to mean a lot of cutbacks, especially in non-US markets. They’ll spend more developing existing IP and get a higher hit rate Vs their current shotgun approach. Iodate WB & Netflix mgmt hasnt shown they have this skill.

JAWinks

Both companies do a great deal of business in the EU and are subject to their regulatory bodies. If they ignored their regulations, they could get fined a ton of money. What would likely happen is they would force Netflix to spin off the streaming rights to certain IP to competitors in Europe so they don’t have too big of a market share

Fluffy-Discussion166

What big IP they getting for 72B??

vinniethepooh2

This doesn’t make Netflix any closer to competing with YouTube- their biggest hurdle. For that to happen they’ll need to buy something like Spotify. But I get why they did this. Can’t pass up a once in a lifetime opportunity to get all that IP

Medical-Shoulder-337

Agreed It greatly increases their hit rate odds. It’s a pretty good fit for Netflix. Theyve show and ability to $ off existing IP. Now it’s the DC universe Vs Marvel I am not looking forward to a Sopranos reboot

Willoughby3

This helps Netflix. Netflix does not have a deep library which makes their licensing fees and content acquisitions costs high. By buying WBD they get their hands on major titles that they can monetize indefinitely; reducing their overhead and granting Netflix revenue streams in their licensing business in terms of IP and content. Overall, it’s quite bullish in the long term.

gingerhasyoursoul

What world are you living in? Im pretty sure it’s two of their most popular IP.

JustBrowsinAndVibin

Nope. Just the studio, HBO, and IP.

Medical-Shoulder-337

Because their pipeline is dryer than a pop corn fart. Dont love the deal but this gives them a lot of content and IP to keep subscribers

IHaveMeasles

Absolutely.... this deal sucks for Netflix. Why tie themselves down to traditional studios and IP.... the entire point of NFLX is to have some mystique that they're a "tech company" not a mere studio with multiples that are much lower.

fluid_alchemist

# Eliminating the United States Federal Debt: A Comprehensive Plan Through State-Led Real-World Asset Tokenization Powered by Datavault AI Patented IP # [https://www.linkedin.com/pulse/eliminating-united-states-federal-debt-comprehensive-plan-bradley-uobie/](https://www.linkedin.com/pulse/eliminating-united-states-federal-debt-comprehensive-plan-bradley-uobie/)

No_Transition4803

idk WB has a lot of IP that does well in theatrical settings. Depends on what directors want to work with them too

Altruistic_Summer469

I like the move, they are overpaying upfront, but on the backend production side they save a ton on IP rights, licensing fees etc since they now own the rights to all the big names.

DeluluBaggieShamer69

Trying to get rich off AI companies is like trying to get rich off Internet companies. Its a utility, not a service. Who "owns" intelligence is the same who "owns" the internet. No amount of data or compute will make it suddenly become "IP". The future you're bullish on will never exist. 

SquirtSommelier

Think about the IP and content vault NFLX is picking up with this. Up up up.

Thraex_Exile

That’s sad to see. WBD haven’t been great stewards of their IP, but Netflix isn’t any better at nurturing franchises. Sucks seeing major streamers employ anti-consumer measures, bc it’s costing them too much money, just to pay a premium WBD.

No_Hour6830

I think it's an amazing deal. IP is the name of the game in entertainment, especially nowadays where everything's a sequel. Batman, Harry Potter, Game of Thrones... these are some of the most legendary franchises in history. And those are not things you can just throw money at and create. There's a special sauce there that's very difficult to recreate. It also solves Netflix's main problem: not having enough high quality content. Netflix is great at churning out lots of decent content. Stuff you don't mind watching while you eat dinner. But they haven't been great at getting those epic shows that you look forward to all day. This solves that. Also, the Netflix House concept that recently launched in Philly and Dallas shows they want to get into in-person experiences. We'll see if this particular concept is the one, but IP is critical for this to work out.

TAKINAS_INNOVATION

I think they’re overpaying for it imo. I hope this doesn’t turn out like Disney and Fox. They better put that IP to use and diversify their revenue streams. Use it for merchandise, the DC universe is iconic. Create games with that IP as well. If they can use this IP to branch off into other revenue streams. It will be a win in my book. But if they can’t do this then I don’t think it’s really worth it. Most people overlap with HBO and Netflix already. There were reports saying it wouldn’t increase their market share by much in the streaming realm.

hardervalue

Like any of the top chip customers, Apple will only give Intel its oldest and least valuable processors. Direct competitors will never trust Intel, especially with its history, with their leading edge designs.  And will always reserve their newest designs for TSMc because it’s well ahead in high volume process production and way more trustworthy with cutting edge IP. Intels fabs will continue to be a bleeding sore until they are spun out to get fully separated from the GPU and CPU groups at Intel.

Best-Body-8166

There's a new kid on the block focused on Japanese anime IP-based games... CTW Cayman ($CTW)

Birdhawk

Then shipping everything will cost way more and be done by independent gig workers who don’t give a fuck instead of people with stable careers, decent pay and good retirement who on average take pride in their work and who at minimum do well enough to not get fired. So yeah it’s a good idea if you want a part of our infrastructure we take for granted go to shit and if you want the cost of EVERYTHING to go up because shipping everything from packages to post cards to be dominated by tech giant whose business model is worker exploitation and IP theft

BlazinLeo

MM: Yes, we have his IP address, take him out

NameTheJack

>mostly likely stolen IP How can they steal their way to a technological lead? Did they steal the schematics for a time travel machine and now conduct industrial espionage against the future?

STONKLEAPS

Quantum’s True Monetization Is “IP Discovery as a Service”

Pristine_Hurry_4693

**DRTS’s clinical, regulatory, financial and commercial achievements and progress:** ‏FDA Breakthrough Device Designation ‏FDA TAP program inclusion ‏FDA MDSAP certification ‏FDA IDE’s for **five** cancers and counting ‏**FDA PHASE 3** completion for one indication in H1 2026 ‏FDA Phase 2 and other stages of trials going on in parallel for different indications (cancer types) ‏FDA approval for commercial factory in the US, with other factories built and more in planing ⁠100% tumor response rate in early FDA trials ‏Effective against all tumor types, including unmet needs like Pancreas, Lungs, Brain (GBM), Breast etc… ‏Activates immune system response ⁠**50+ clinical sites worldwide** (including USA, UK, Canada, France, Germany, Russia, Italy…) ‏Patents, IP and more…

LymelightTO

> A single analyst predicted that. Correct me if I’m wrong but Apple moved away from Intel for their own branded chipset, yes? Apple moved away from reliance on Intel's *design* arm, but the problem Intel has is that it needs customers for its foundry business, which is a functionally independent business unit now, that seeks to fabricate other company's designs, without sharing IP to their own design business. Intel's design business is like AMD, and IFS is like TSMC. Apple is (rumored to be) becoming a customer of IFS, which will fabricate the chips that Apple designs. Generally speaking, it's good for everyone here but TSMC. Apple will test to see how working with IFS is, and open up a pathway to relying on them for more, better, chips in the future, which will allow them to either negotiate down TSMC on pricing, or switch from them.

LowWind7998

I think it’s up like 25% YTD . It does well Y/Y but the last few months it’s been sliding down. Not to dive deep into it, but their licensing and IP’s seem to do well with : ThemeParks, Movies, Toys, and Games; Seems to be producing Y/Y growing revenues . They haven’t done anything really exciting in awhile but shet who dosnt remember a Nintendo64 with Mario Cart or even Pokémon (they’re involved somehow there). Eh , it’s worth keeping an eye on I’d say.

LowWind7998

Ngl. Keep your eye on Nintendo , that shet is IP heavy and nostalgic , coming to some low points . Fundamentally sound I would say except being OTC.

VoidAndOcean

the regular timeline doesn't apply because the 5 year recurrence free for melanoma is BAD so they can use the phase2b data to apply for approval. that being said their current cash reserves are enough to last to 2028-2029 so. until then their book value is safe because the company assets and IP are worth alot. my thesis here is that upon release of the 2b data in the upcoming weeks then that value should be priced in when its not and the stock should go up and this is the bottom. Waiting til it goes up to buy is missing the boat.

Pristine_Hurry_4693

**DRTS’s clinical, regulatory, financial and commercial achievements and progress:** ‏FDA Breakthrough Device Designation ‏FDA TAP program inclusion ‏FDA MDSAP certification ‏FDA IDE’s for **five** cancers and counting ‏**FDA PHASE 3** completion for one indication in H1 2026 ‏FDA Phase 2 and other stages of trials going on in parallel for different indications (cancer types) ‏FDA approval for commercial factory in the US, with other factories built and more in planing ⁠100% tumor response rate in early FDA trials ‏Effective against all tumor types, including unmet needs like Pancreas, Lungs, Brain (GBM), Breast etc… ‏Activates immune system response ⁠**50+ clinical sites worldwide** (including USA, UK, Canada, France, Germany, Russia, Italy…) ‏Patents, IP and more…

VoidAndOcean

no one will vote for that. its 7 billion cash + company assets and IP so its close to $20 bil value proposition and then a 40% premium gets you 23-25bil offer; 3x share value right now so in that case its still a win.

AverageUnited3237

google themselves literally say TPU is used in Search and youTube. Did you read their blog? You are trying to decouple the 'video player' from the 'recommendation engine' while completely missing that the Recommendation Engine (running on TPUs) is the *only* reason those videos generate revenue in the first place. Claiming BERT is 'ancient history' because it's from 2019 is like saying we should delete TCP/IP because it's from the 70s. you disregarding it shows you don't understand how software infrastructure actually works. Also: you just admitted the recommendation engine and ad systems run on TPUs, so congratulations, you played yourself.

WendyDumpsterFire

Regard, if they acquire Warner Bros., they would have to compete with Disney and Netflix. Comcast has the theme parks for Warner Bros.; this could be beneficial for them to have brand recognition and IP.

grailly

Good luck trying to have a decent conversation about Ubisoft on Reddit. You'll just get a bunch of dumb gamers thinking they're smart by repeating some flavour of "Ubisoft bad". Truth is, they don't even know what Ubisoft puts out other than Assassin's Creed and imagined a world where Shadows was bad and a flop. Anyway, as others have said, it's a risky investment. They are huge (slow) and desperately need a turn around as they are losing money every quarter. They did initiate the turn-around however and the latest quarter, while not great, was at least encouraging. Anno just came out and seems like it did decently. There are a bunch of projects coming up that might have some impact. The Avatar DLC is coming out alongside the movie, which might be a good opportunity for the game. Hyped up cross-media tends to boost games quite a bit. Ubisoft also has a bunch of other TV series coming. Star Wars seems to have done decently on Switch 2, Assassin's Creed Shadows might do decently too. A whole bunch of remakes are also coming, Prince of Persia and (rumored) AC4 and Splinter Cell. Those might do well. It seems like a turning point to me. If you believe they can pull off straightening the ship, now's the time to buy. In you think they cannot, there's still a chance a making money off of a buyout. I like my chances, honestly. I personally think Ubisoft's biggest issues are optics, people have convinced themselves that Ubisoft only makes bad games. It's not as bad a hole to dig themselves out of as actually making bad games. TV series might be a good step for this (worked wonders for Fallout). I'm also looking forward to the new Heroes game. The demo was pretty good. It's not exaclty a Ubisoft game, but it might strengthen their IP.

ThatWillLeaveA-Mark

Poet has the IP Celestial needs.

pragmojo

Yeah I think this is a likely scenario for the AI bubble bursting. MS played their cards well in terms of making this happen. OpenAI will go insolvent, which will wash out all the debt obligation for their AI buildout and training, and MS will end up with the IP and most of the talent. Debt holders like Oracle will be screwed. But I think ultimately pure-AI shops don't stand much of a chance to compete with vertically integrated orgs like Google. To do AI you need the hardware, the data, and the IP/expertise. The IP/expertise is the cheapest part of the equation, and the easiest to replicate, as much AI researchers like to jerk themselves off about how brilliant and irreplaceable they are. Google has all three, and MS does as well, and will even more if OpenAI folds. It does beg the question how Anthropic will fare in the long term. I guess they have an advantage over OpenAI in that their free tier is less used than OpenAI so they're not bleeding nearly as much money as OpenAI spends roleplaying delusional people's boyfriend/girlfriend at scale, but it's hard to see how the economics make them competitive against Google long term.

SimilarTap1419

PLTR software has Zero to do with politics and everything to do with decision making and efficiency. Its like fire before fire. It took someone discovering how to make fire in order for the human race to expand. Palantir holds all the IP on fire. The entire globe needs Palantir in order to survive in an A.I driven world. It is the future operating platform for everything. First company to crack 20T IMHO. Number 20 now but will soon be right up there with NVDA.

SimilarTap1419

The future MSFT Any other questions? Palantir is rapidly making windows obsolete and will be the new global platform running on a.i ontology. Faster, 1000X more user friendly and virtually on autopilot. Zero competition as they have IP that nobody can even come close to duplicating. They secretly got a 20yr head start on EVERYBODY.

Next_Tap_3601

Celestial AI isn’t even an AI company. It’s an optical interconnect and integrated circuit design company (similar to Marvell), masquerading as an AI company because the hardware they make goes into datacenters. They are as much AI as Cisco is AI. It’s a nothing-burger. The company has almost no sales. Marvell likely just needed some of their IP, or wanted some of their workforce. Paying 5B is insane, but in this market anything and everything is possible.

pm_me_ur_memes_son

None of these are moats imo, as all of them can be acquired by a competitor pretty quickly. Staff can be poached, new content agreements can be made, etc. Compared to IP, financial resources, private data, etc.

mrdungbeetle

I'm not sure Vultr will be taken seriously any time soon. Plenty of companies have firewalls that block all Vultr IP ranges because of how much fraud and criminal behavior comes from them.

zztop610

Regardless, I am not missing out on its IP

Tricky_Prior_9110

Great news for POET. There's no mention of redesigning the photonic fabric, but lots of highlighting of the advantages of CAI's fabric which come from POET's IP protected tech.

Pristine_Hurry_4693

**DRTS’s clinical, regulatory, financial and commercial achievements and progress:** ‏FDA Breakthrough Device Designation ‏FDA TAP program inclusion ‏FDA MDSAP certification ‏FDA IDE’s for **five** cancers and counting ‏**FDA PHASE 3** completion for one indication in H1 2026 ‏FDA Phase 2 and other stages of trials going on in parallel for different indications (cancer types) ‏FDA approval for commercial factory in the US, with other factories built and more in planing ⁠100% tumor response rate in early FDA trials ‏Effective against all tumor types, including unmet needs like Pancreas, Lungs, Brain (GBM), Breast etc… ‏Activates immune system response ⁠**50+ clinical sites worldwide** (including USA, UK, Canada, France, Germany, Russia, Italy…) ‏Patents, IP and more…

new-ashen-one

Synopsis design essential IP for many things in the semiconductor industry. I personally don’t like their interfaces (lol), but I can’t argue they are very important to the electronics industry

Dambo_Unchained

Which is why you should just invest in ASML It doesn’t matter whos building the chips, everybody can only do it with their machines and their IP’s hold such an immense moat the off them losing their position in the next 20 years is virtually zero

hmunkey

Corsair doesn’t design memory. What are you talking about? You fundamentally misunderstand what they are. This entire article is about Corsair’s prices going up. They buy the memory from Samsung. They dont own the IP. They don’t design the chips.

StanHell321

Apple has always been good at knowing what to buy and when… for me the 2008 acquisition of PA semi, was the best move since the deal with Xerox, as it gave them a roadmap and IP to make their own super efficent iPhone chips, and now the legendary M series chips.

JohnQPublicc

So will the AI companies own the IP for the cures to what that persons is suggesting? Seems so..

ErictheAgnostic

And people dont get it. The rich are now taking IP from not rich people and bot paying for it.....to malr machines to take jobs from those same people They can.all fuck off and go broke. The world they want qont cure shit and they wont be helping anyone but themselves.

OddPea7322

Yes, of course. I think people are sleeping on this, or they just hate generative AI so they don’t want to imagine it being a bigger part of the economy (but that kind of emotional reasoning isn’t compatible with investing). Disney realizes their IP is insanely valuable and people copy it all the time. I think they’re smart enough to realize if they offer consumers the ability to make their own custom Disney content for a fee, it will be a smash hit. Tech nerd redditors will counter that “free open source models will be able to do it so why would anyone pay” and the answer is the same as the answer to the question “why is Netflix still making money”… most people will not go through the effort to steal IP, they’ll just pay for it.

callmecrude

Really depends on how regulations around AI generated IP shake out. Eventually people will be able to create endless seasons of shows or movies they want to watch. Sora is already pretty amazing at this and is only going to keep getting better. If Disney (and other networks) can lobby to keep all their IP secure then they’re going to make insane amounts of money. Either by making the shows themselves for cheaper, or by licensing IP out to people in a similar way to how skins and cosmetics are sold in video games. If regulations stay pretty lax where people can basically rip off all the popular IP then AI is going to destroy Disney. I don’t personally think VR is coming in any scalable way anytime soon. We’ve been hearing for 20+ years how VR and AR are right around the corner, but I don’t see it being popular until we have insanely realistic motion platforms and whatnot to go along with it.

jcodes57

100% The reason I like these two so much is because the technologies are solid, novel, and proven - they are moving into marketing/monetization phases and so the risk/reward is very asymmetrical ATM. If they fail to monetize in the next several years they basically don’t move from where they are because of value in IP/etc, but if they succeed and land contracts they’ll be $10 in 5 years

MCB1317

> Isn’t their oil shit? Venezuelan oil is absolutely not ideal for refinement (unlike the light, sweet crude of Saudi Arabia), but it can be done ... and done profitably. However, only a few companies have that kind of expertise, and most of them are American companies. So, when Venezuela nationalized billions of dollars of American manufacturing capacity and seized all the IP, they didn't know how to use it very well. But what they did manage to do was piss off the United States. And then they threatened to trade oil in something other than dollars ... and if you fuck with the petrodollar, you get regime-changed.

tonemain87

They let the knuckle dragging MBAs in the conversation and this was the best they could come up with lmao Next it’ll be micro transactions for skins and domain specific knowledge packs. AI will literally tell you to pay $2 for access to certain answers. Open AI use will nosedive and cause the market to drop 35% because Sama was too much of a pussy to tell people who wanted immediate monetization to fuck off. Massive copyright suit will ensue as nobody licensed their content or IP to these guys, who are now selling it via a LLM regurgitation. Now that they have some actual revenue stream the plaintiffs attorneys have a better chance. Investors start to demand their money back, feign outrage “we had no idea you guys stole all the training data!”

No-Quiet-8304

Bitcoin is super traceable and as soon as your identity is associated with an address through a KYC exchange or IP address correlation, your entire transaction history (permanently recorded on the blockchain) is tied to you. Chain analysis is pretty mature nowadays too, and you can sometimes be deanonymized just through heuristics on your transactions

OkSeesaw5516

I am not a legal expert, but I know for sure my company allows us to only use Copilot for sw development because of they have a contract with MSFT regarding IP. Google or Apple or any big name company could offer similar service but I guess since they are already using Microsoft products it's easier and cheaper to have one company and use their product. No CEO would ever prioritize quality over legal peace of mind.

pumpkinwhey

lol, companies will always have a hard time providing their IP to a potential competitor, that’s half of the reason TSMC because so successful. Intel doesn’t stand a chance.

MosskeepForest

HOW DARE YOU!! It's IP theft when the asians do it.... but what we did was CLEARLY freedom democracy borrowing. Maybe some time in Guantanamo will get you thinking right again. Boys, take this communist away.

valuevestor1

How the tables have turned. From the US accusing others of IP theft, now the US themselves are doing it!

HebelBrudi

As far as I have understood it the contract between Microsoft and OpenAI already gives Microsoft all access to the weights AND code. They also have a perpetual or very long license to the IP. It’s extremely convoluted but as far as I understand it and I think the Microsoft ceo explicitly said it in case OpenAI goes bankrupt Microsoft gets enough of a starting off point to keep building on it. I don’t think OpenAI ceasing to exist will lead to the GPT series going away.

narwalfarts

I wonder if there's revenue/profit triggers that would have Microsoft take the IP if they aren't met

GreenMellowphant

Same. I started buying on the way down from $7 loaded up at $3.70 and sold almost all of it from $45 to $60. Now, I’m buying another company worth just a few billion; I love companies with real IP in the $2-$10B range. One or two big boys find them and BOOM, payday. I found a penny stock in Canada three years ago with a market cap less than their real estate value. Lol Easy 8x.

Mr_Enemabag-Jones

Also, to clarify, I am not saying it CAN'T be done. I scoff at the idea of how simplistic you seem to think it is. There is ALWAYS the possibility of coming up with a unique idea, creating your own niche, creating a startup around it, and making a boat out of money off of your IP. But for every 1000 of these that pop up, maybe 1 succeeds. The possibility is there. And even putting in 15 hour days for a year with no breaks does not mean others will want to buy into it.

seiggy

Any and all enterprises that are running cloud platforms in the US, most of Asia, and Europe absolutely follow US IP laws. That’s going to be anyone worth caring about, so there’s no where to make or sell a product that infringes on NVIDIA’s IP.

Timely_Cow_5568

Broadcom is now a $1.8–1.9T company, about 40% the size of NVIDIA (~$4.3T). But financially and structurally, they are nowhere near NVIDIA’s trajectory. 1. Revenue & Profit Reality Broadcom makes: • ~$12.5B revenue per quarter • ~$15–16B profit per year NVIDIA in its latest quarter: • $45B revenue (≈3× Broadcom) • $26B profit (≈6–7× Broadcom) Broadcom produces 34% of NVIDIA’s revenue but only 16% of NVIDIA’s profit, yet trades at 40% of the valuation. 2. Software Segment Is a Drag VMware price hikes (2–10×) have caused a mass customer exodus to: • Proxmox • Hyper-V • Open-source KVM stacks Software won’t be a long-term growth engine — Broadcom is mainly extracting value from existing customers. 3. Semiconductors Aren’t NVIDIA-Style AI Broadcom’s AI wins (Google TPU, Meta) are semi-custom deals: • Broadcom does design + manufacturing • But Google/OpenAI/Microsoft own the IP • No long-term GPU-like economics Good business, but not transformational. 4. Growth Is Solid, Not Explosive Recent growth: • +6% QoQ total revenue • +22% YoY • +9% QoQ in chips • Q4 guide: +9% QoQ Compare that to NVIDIA/AMD triple-digit AI growth — Broadcom’s growth is steady, not hyper-scaling. 5. Heavy Debt Load Broadcom still carries: • $62B long-term debt • NVIDIA/AMD have far less leverage This limits future optionality and raises risk. *Bottom line* Broadcom is a strong business, but not a hyper-growth AI compute company. Its valuation assumes a NVIDIA-like trajectory — but Broadcom: • grows slower, • earns far less, • owns no AI chip IP, • has major software headwinds, • and carries huge debt. It’s not becoming NVIDIA 2.0 anytime soon — and the numbers make that very clear.

Vushivushi

> Broadcom has a gross margin of roughly 67% I am going to reasonably assume Stop, don't assume. Broadcom discloses margins per segment in their earnings. > Now in terms of the future, they helped design googles TPUs but google owns the IP. No. Google owns the compute IP. Broadcom owns almost everything else. This is their custom solutions platform (this is the updated one for 3.5D with stacked dies, but pretty much the same strategy applies to current 2.5D chips): https://www.broadcom.com/info/ai/3point5d *Compute - Processing Unit Architecture (Customer Owned) Design Flow & Performance Optimization (Broadcom Owned)* *Memory - HBM PHY, Integration & Performance (Broadcom Owned)* *Network I/O - Architecture & Implementation (Broadcom Owned). Full Solution Chiplets (Hardware, Firmware, & Software)* *Package - 2.5D, 3D, & Silicon Photonics Architecture & Implementation (Broadcom Owned); Vertical Integration Advantage* Broadcom **sells** a proprietary I/O die and provides design and packaging services, taking customer compute IP and building it around their proprietary platform. Broadcom's *moat* is their SerDes IP, the technology that enables chips to communicate with each other at high speeds, enabling the design of scale-up and scale-out systems. Only Nvidia has a competitive SerDes and of course, you also have to buy silicon from Nvidia. Their expertise in packaging resulting in faster time-to-market is also what puts them over competitors. **They do not license.** ___ Considering how much of the TPU is enabled by Broadcom, there is a big question as to how Google's sale of TPUs to external customers will be handled. Will Broadcom get a cut? I think the market is pricing this in and it would be a surprise if they didn't. Broadcom *always* gets a cut.

AppleTrees2

Apple doesn't use Broadcom to my knowledge, Meta has plans for their AI chips, but they are very delayed. Meta is considering using google TPUs, but the report says in 2027. Microsoft basically delayed indefinitely their AI chips as they have access to OpenAI IP anyway. Anthropic uses Amazons custom chips that aren't broadcom, and Google TPUS. So all this revenue comes mainly from google still. In terms of software all big clouds have their own VM software, they don't use Vmware. Microsoft is actually competitors with them on the VM front.

AppleTrees2

They have worse growth than both AMD and Nvidia. Best semis profitability? that would be Nvidia, they don't even own the IP of their biggest customer, and potential future big customer in openAI they currently have a worse PEG than Nvidia lol, how can you be bullish on them.

Sick0h

INTC already stole all the TSMC IP and gyna about to take over that company too. Why INTC no pamp more.

Dannyz

World is a big place. Most don’t follow us IP laws. I’m also not sure about licensing. There seems to be a wide gaping hole for mixed use systems that have at least a couple nvidea gpu. See, “The SDK is licensed for you to develop applications only for use in systems with NVIDIA GPUs.”

wrestlingchampo

MSFT has arguably the most exposure among any of the big tech companies to the unprofitability of AI right now, due to its deal with Open AI. NVDA has plenty of exposure certainly, but they mostly sell chips to the other companies which isn't going to change immediately if Open AI and Anthropic aren't profitable right now. Same with CRWV. MSFT on the other hand needs Open AI to be profitable to gain from the AI bubble, and they have essentially placed a huge bet on that happening. So far, that bet has not paid off. Long term, if Open AI fails, MSFT will likely still make out great, as they will basically scoop up the husk of Open AI and its IP into their company and do it in house. But that's long term thinking. Short term, they have to swallow the losses in AI, which isn't going to help their share valuation.

Dramatic-Adagio-2867

Their still expensive as ass. Nvidia IP is their supply chain. 

OutsideSpirited2198

TSMC dropped also because of an IP lawsuit against a former high ranking employee

TruthHistorical7515

oh really? havent seen a twitter troll account exposed to be chinese IP address

pmotiveforce

Huh? NVidia isn't a hardware provider either. They own IP.