P5 signing off after the dub ✍️ @Pp_doesit

Saudi Arabia has formally announced its new Qiddiya racing circuit, which features a 20-storey-high opening corner and is due to host the country’s Formula 1 grand prix. Since the country joined the F1 calendar for 2021, it has used the high-speed Jeddah street circuit on the coast of the Corniche. However, there have long been plans to move to a purpose-built venue in Qiddiya, the new city project devised under the Saudi Vision 2030 scheme. Saudi has now shown off digital images of the new 200mph anti-clockwise track, designed by ex-F1 driver Alex Wurz and well-known circuit designer Hermann Tilke. The FIA grade one-level circuit - which qualifies it to host F1 - is most notable for its elevation changes. There is a gain of 108 metres over the 21-corner lap. It is thought that Jeddah will continue to host the Saudi Arabian GP, which takes place this weekend, until 2027. #F1 #SaudiArabianGP

Our Q2 LP update on AI. Although we invested in two (we think exceptional) AI cos in Q2, we do worry about AI startups': 1. gross margins 2. churn 3. barriers (often) Still, we will keep investing in AI. Outliers are made by exception and rules of thumb can't generate DPI.