### The Chip Letter

**Babbage**

Computer history and architecture

**The Chip Letter**  
[27K+ subscribers](https://substack.com/@thechipletter/subscribers)

ActivityPostsLikes & RepliesReads (217)

**Babbage**  
[3h](https://substack.com/@thechipletter/note/c-281853932 "Jun 24, 2026, 8:16 AM")  
Interesting from [TrendForce](https://substack.com/profile/485382098-trendforce) via [Semi Doped](https://substack.com/profile/500274950-semi-doped). Also TIL that Taiwan is about the same size as Switzerland 🇨🇭 but is a bit flatter.

- 6h

**Babbage**  
[6h](https://substack.com/@thechipletter/note/c-281781674 "Jun 24, 2026, 4:44 AM")  
[Meanwhile, bulls cannot stop talking about AI demand. How insatiable it is. How insane it is. I agree, it is insane. It is the bezzle. It is not coming from a useful, repeatable steady state, and not from an ever upsloping growth curve, but rather from a temporary, social, organizational phase as companies of almost every stripe fight for their competitive advantage – their own AI stack. To do this, companies all over are benchmarking, creating and collecting traces, training wrappers and gathering failure nodes as fast as humanly possible. This crazy, rushed, temporary phase has a name.

Michael Burry](https://michaeljburry.substack.com/p/the-heretics-guide-to-ais-stars-part?selection=26a48ce0-c4a2-4edc-8bb1-705fa9a4627c)

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**Nathan Lambert**  
  
[2d](https://substack.com/@natolambert/note/c-280734298 "Jun 22, 2026, 10:53 AM")  
GLM-5.2 is the “DeepSeek moment” for agents. We enter a new world where the top end of agentic capabilities are available in open models.

[GLM-5.2 is the first of many (coming soon) open weight models to offer credible alternatives. The parallel is very clear, to when DeepSeek R1 showed that open-weight labs, with far fewer resources, could also replicate the chain-of-thought reasoning models that OpenAI championed with o1.](https://www.interconnects.ai/p/glm-52-is-the-step-change-for-open?selection=7fd574a5-7b18-4d95-a3c8-2fb181a50b6f)