{
  "generatedAt": "2026-10-22T03:46:57Z",
  "disclaimer": "Analysis and opinion, not investment advice.",
  "kind": "person",
  "slug": "tae-kim",
  "name": "Tae Kim",
  "role": null,
  "url": "https://deepstack.ltd/people/tae-kim/",
  "api": "https://deepstack.ltd/api/v1/entities/people/tae-kim.json",
  "summary": "Tae Kim is named in 6 Parts of The Buildout, most recently Part 16: The Seller Holds the Paper. Argued in Part 9 (Eighteen months, or less), Part 9 (The inertia businesses), Part 9 (The owner of the agent), Part 9 (The rails and the atoms), Part 9 (Voices that cross sides), Part 10 (Everyone, soon), Part 12 (Voices that cross sides), Part 16 (The loan is a bridge).",
  "parts": [
    {
      "part": 9,
      "headline": "Habit Was the Moat. Agents Are Draining It.",
      "url": "https://deepstack.ltd/stories/habit-was-the-moat/"
    },
    {
      "part": 10,
      "headline": "The Bubble Is in the Denominator",
      "url": "https://deepstack.ltd/stories/the-bubble-is-in-the-denominator/"
    },
    {
      "part": 11,
      "headline": "The Backlog Is Not the Quarter",
      "url": "https://deepstack.ltd/stories/the-backlog-is-not-the-quarter/"
    },
    {
      "part": 12,
      "headline": "The Model Is Not the Price",
      "url": "https://deepstack.ltd/stories/the-model-is-not-the-price/"
    },
    {
      "part": 14,
      "headline": "The Cash Arrives Unevenly",
      "url": "https://deepstack.ltd/stories/the-cash-arrives-unevenly/"
    },
    {
      "part": 16,
      "headline": "The Seller Holds the Paper",
      "url": "https://deepstack.ltd/stories/the-seller-holds-the-paper/"
    }
  ],
  "numbers": [],
  "mentions": [
    {
      "part": 9,
      "section": "The tollbooth shifts",
      "excerpt": "Morgan Stanley’s arithmetic, relayed by Tae Kim, says every 100 million users adds about 35 cents, or 1%, to Meta’s 2028 earnings per share.",
      "url": "https://deepstack.ltd/stories/habit-was-the-moat/"
    },
    {
      "part": 9,
      "section": "The tollbooth shifts",
      "excerpt": "Tae Kim prefers CPUs because an agent working across browsers and calendars needs general-purpose compute.",
      "url": "https://deepstack.ltd/stories/habit-was-the-moat/"
    },
    {
      "part": 10,
      "section": "A cheap top",
      "excerpt": "Tae Kim relays Jensen Huang’s case that Nvidia’s GPUs are productive, fungible and durable.",
      "url": "https://deepstack.ltd/stories/the-bubble-is-in-the-denominator/"
    },
    {
      "part": 10,
      "section": "Who writes the checks",
      "excerpt": "Tae Kim says OpenAI’s annualized revenue is nearing $70 billion; Axios reported on September 29 that it had grown more than 70% since the start of the third quarter.",
      "url": "https://deepstack.ltd/stories/the-bubble-is-in-the-denominator/"
    },
    {
      "part": 11,
      "section": "The margin the book does not show",
      "excerpt": "Tae Kim, reporting Jensen Huang's press session on September 29, answers with the asset rather than the invoice: the GPUs are productive, fungible and durable.",
      "url": "https://deepstack.ltd/stories/the-backlog-is-not-the-quarter/"
    },
    {
      "part": 11,
      "section": "Shipping is not earning",
      "excerpt": "Tae Kim's account of Huang has the GPU as durable.",
      "url": "https://deepstack.ltd/stories/the-backlog-is-not-the-quarter/"
    },
    {
      "part": 11,
      "section": "Shipping is not earning",
      "excerpt": "Tae Kim's Huang has Nvidia harvesting cash from the buildout for buybacks.",
      "url": "https://deepstack.ltd/stories/the-backlog-is-not-the-quarter/"
    },
    {
      "part": 12,
      "section": "Lede",
      "excerpt": "On October 2, Tae Kim reported OpenAI at $70 billion of annualized revenue.",
      "url": "https://deepstack.ltd/stories/the-model-is-not-the-price/"
    },
    {
      "part": 14,
      "section": "The buyers have not paid yet",
      "excerpt": "Tae Kim relayed on October 2 that Axios and the Financial Times put OpenAI's annual recurring revenue near $70 billion; Michael Spencer of AI Supremacy wrote on October 9 that a later Financial Times report found about $50 billion.",
      "url": "https://deepstack.ltd/stories/the-cash-arrives-unevenly/"
    },
    {
      "part": 16,
      "section": "Two labs carry the chain",
      "excerpt": "Longriver's almost $50 billion in May had become about $65 billion by August, a figure that Tae Kim of Key Context wrote on August 21 the market treated as a disappointment; he called that an overreaction, since the growth rate was still extremely high.",
      "url": "https://deepstack.ltd/stories/the-seller-holds-the-paper/"
    }
  ],
  "sides": [
    {
      "part": 9,
      "question": null,
      "side": "eighteen-months",
      "sideLabel": "Eighteen months, or less",
      "claim": "As computer tool use rises, AI compute demand will explode just as it did when agentic coding took off, when reasoning models ramped, and when AI chatbots were first released.",
      "date": "2026-09-07",
      "url": null,
      "linkVerified": false,
      "storyUrl": "https://deepstack.ltd/stories/habit-was-the-moat/",
      "sidesUrl": "https://deepstack.ltd/sides/habit-was-the-moat/"
    },
    {
      "part": 9,
      "question": null,
      "side": "eighteen-months",
      "sideLabel": "Eighteen months, or less",
      "claim": "Having used Muse over the past week, Tae Kim found problems in the quality and accuracy of its responses and found it hard to choose it over ChatGPT, and suspects others will feel the same way.",
      "date": "2026-09-22",
      "url": "https://taekim.substack.com/p/metas-muse-is-no-sure-thing",
      "linkVerified": true,
      "storyUrl": "https://deepstack.ltd/stories/habit-was-the-moat/",
      "sidesUrl": "https://deepstack.ltd/sides/habit-was-the-moat/"
    },
    {
      "part": 9,
      "question": null,
      "side": "crossing",
      "sideLabel": "Voices that cross sides",
      "claim": "On the owner of the agent and on the rails beneath it.",
      "date": null,
      "url": "https://taekim.substack.com/p/metas-muse-is-no-sure-thing",
      "linkVerified": true,
      "storyUrl": "https://deepstack.ltd/stories/habit-was-the-moat/",
      "sidesUrl": "https://deepstack.ltd/sides/habit-was-the-moat/"
    },
    {
      "part": 9,
      "question": "whose-margin-pays",
      "side": "inertia-businesses",
      "sideLabel": "The inertia businesses",
      "claim": "Despite Muse's initial traction, its long-term success is far from assured; Meta can cross-promote it across Facebook, Instagram, and WhatsApp, but competitors with similar distribution advantages are coming, with OpenAI likely being the biggest…",
      "date": "2026-09-22",
      "url": "https://taekim.substack.com/p/metas-muse-is-no-sure-thing",
      "linkVerified": true,
      "storyUrl": "https://deepstack.ltd/stories/habit-was-the-moat/",
      "sidesUrl": "https://deepstack.ltd/sides/habit-was-the-moat/"
    },
    {
      "part": 9,
      "question": "whose-margin-pays",
      "side": "inertia-businesses",
      "sideLabel": "The inertia businesses",
      "claim": "Tae Kim says he has seen enough: the personal AI agents released over the past month will be a huge paradigm shift for computer usage and a major positive inflection point for technology.",
      "date": "2026-10-02",
      "url": "https://taekim.substack.com/p/openais-undeniable-resurgence-and",
      "linkVerified": true,
      "storyUrl": "https://deepstack.ltd/stories/habit-was-the-moat/",
      "sidesUrl": "https://deepstack.ltd/sides/habit-was-the-moat/"
    },
    {
      "part": 9,
      "question": "who-collects",
      "side": "owner-of-the-agent",
      "sideLabel": "The owner of the agent",
      "claim": "After personally using OpenAI's Dots, Meta's Muse and Instinct, Tae Kim says he now has much higher confidence that personal AI agents will be the future of computing and a lift off for a new AI wave, praising how they proactively ping him about…",
      "date": "2026-10-02",
      "url": "https://taekim.substack.com/p/openais-undeniable-resurgence-and",
      "linkVerified": true,
      "storyUrl": "https://deepstack.ltd/stories/habit-was-the-moat/",
      "sidesUrl": "https://deepstack.ltd/sides/habit-was-the-moat/"
    },
    {
      "part": 9,
      "question": "who-collects",
      "side": "owner-of-the-agent",
      "sideLabel": "The owner of the agent",
      "claim": "With the release of GPT-6 Astra, computer tool use AI has finally become real, and he is now confident AI will soon perform actual software knowledge work tasks better and faster than most humans, with competence accelerating rapidly from here.",
      "date": "2026-09-07",
      "url": null,
      "linkVerified": false,
      "storyUrl": "https://deepstack.ltd/stories/habit-was-the-moat/",
      "sidesUrl": "https://deepstack.ltd/sides/habit-was-the-moat/"
    },
    {
      "part": 9,
      "question": "who-collects",
      "side": "rails-and-atoms",
      "sideLabel": "The rails and the atoms",
      "claim": "The CPU under every agent's machine.",
      "date": null,
      "url": "https://taekim.substack.com/p/metas-muse-is-no-sure-thing",
      "linkVerified": true,
      "storyUrl": "https://deepstack.ltd/stories/habit-was-the-moat/",
      "sidesUrl": "https://deepstack.ltd/sides/habit-was-the-moat/"
    },
    {
      "part": 10,
      "question": "who-writes-the-checks",
      "side": "everyone-soon",
      "sideLabel": "Everyone, soon",
      "claim": "OpenAI near $70B a year.",
      "date": null,
      "url": "https://taekim.substack.com/p/openais-undeniable-resurgence-and",
      "linkVerified": true,
      "storyUrl": "https://deepstack.ltd/stories/the-bubble-is-in-the-denominator/",
      "sidesUrl": "https://deepstack.ltd/sides/the-bubble-is-in-the-denominator/"
    },
    {
      "part": 12,
      "question": null,
      "side": "crossing",
      "sideLabel": "Voices that cross sides",
      "claim": "$70B of ARR at OpenAI; Huang's 80% of AI-native startups on open models.",
      "date": null,
      "url": "https://taekim.substack.com/p/openais-undeniable-resurgence-and",
      "linkVerified": true,
      "storyUrl": "https://deepstack.ltd/stories/the-model-is-not-the-price/",
      "sidesUrl": "https://deepstack.ltd/sides/the-model-is-not-the-price/"
    },
    {
      "part": 16,
      "question": null,
      "side": "the-loan-is-a-bridge",
      "sideLabel": "The loan is a bridge",
      "claim": "Morgan Stanley's investor meetings with Nvidia leadership show accelerating growth rates even at 100 billion dollars revenue per quarter, strong demand for the Vera Rubin product cycle over the next 12 months, memory shortages lasting several…",
      "date": "2026-07-14",
      "url": null,
      "linkVerified": false,
      "storyUrl": "https://deepstack.ltd/stories/the-seller-holds-the-paper/",
      "sidesUrl": "https://deepstack.ltd/sides/the-seller-holds-the-paper/"
    }
  ],
  "coverage": null,
  "lastUpdated": "2026-10-22"
}