I am the Founder of Enduring Ventures, a long-term holding company. We buy beautiful businesses and hold them forever.

We have a deep respect for our fellow business founders because we were founders ourselves.

We know just how much time, hard work, and struggle goes into building a company that customers love and keep coming back to.

Having invested in companies, sold companies and raised funding, we have seen the costs of the short-term mindset of private equity and venture capital up close. We wanted to do something fundamentally different.

Following the inspiration of Berkshire Hathaway, we decided to build the company that we would want to buy the companies we started.

One that would hold it forever instead of selling it to the highest bidder. 

One that would take care of our employees and create opportunities for them to grow wealth if the business grows. 

One that would mentor our next generation of leaders. 

One that would give our business the time it needs to grow (or simply stay the right size) at whatever pace is right for it. 

That company is Enduring Ventures.

You can follow me here for my thoughts on buying and investing in businesses.

Sieva Kozinsky

Alex Banks

Building a better future with AI

Alex Banks is a founder, creator and investor. He reaches over 1 million people on social media each week with insights into the world of artificial intelligence (AI).

He is the founder and writer of The Signal, a weekly newsletter that cuts through the AI noise to over 55,000+ readers.

Alex is also an active early-stage investor and advisor to startups across the AI and technology landscape.

👉 All partnerships, enquiries and speaking engagements: contact@noisemedia.ai

Writer

Anthropic said no to the Pentagon.
OpenAI signed the deal hours later.
Here's what happened:

Anthropic drew two red lines with the Department of War:

1. No mass domestic surveillance
↳ AI can now analyse bulk data the government buys on Americans at scale
↳ Currently legal, but only because the law hasn't caught up

2. No fully autonomous weapons
↳ AI isn't reliable enough to automate selecting and engaging targets
↳ No oversight framework exists for removing humans from the loop

For context:

→ Anthropic was the first AI company on the classified cloud
→ Deployed across intelligence, cyber ops, and combat support
→ Forfeited hundreds of millions cutting off CCP-linked firms
→ These two red lines represent ~1% of use cases

The Pentagon gave Anthropic a 3-day ultimatum.

Anthropic refused.

The response:

→ President Trump: "Their selfishness is putting AMERICAN LIVES at risk"
→ Secretary of War Pete Hegseth: Anthropic is a "supply chain risk"
→ Trump ordered every federal agency to cease all use of Anthropic's technology

Then OpenAI entered.

On Friday morning, Altman publicly backed Anthropic's red lines.

By Friday evening, he'd signed the Pentagon deal himself:

→ OpenAI claims the same red lines as Anthropic, plus a third
→ OpenAI asked the Pentagon to offer identical terms to all AI labs
→ Multiple OpenAI employees signed an open letter supporting Anthropic
→ Altman admitted the deal was "definitely rushed" and "the optics don't look good"

The consumer backlash was immediate:

→ "Cancel ChatGPT" went viral across Reddit and X
→ Claude hit # 1 on the App Store, overtaking ChatGPT
→ Claude is now # 1 in Germany, Canada, and other markets

My takeaway:

Not only have I seen my workflows fully transition from ChatGPT to Claude over the last year, but the consumer mass-market is catching up.

I think it’s also important to point out that correlation doesn’t necessarily mean causation here.

Claude didn’t just hit # 1 in the app store as a result of ChatGPT accepting the DOW deal.

Anthropic has simply built a better product where the timing of adoption happened to coincide with this viral uproar of the company denying use of their products for the surveillance of Americans and operation of autonomous weapons.

Ethical positioning now has direct commercial consequences.

Values are becoming a competitive moat.

I covered this idea yesterday in my newsletter.

Be the first to receive it by subscribing today.

Read it here: https://lnkd.in/e898z7SG

Claude just made switching from ChatGPT effortless.
You can now import your entire memory in 30 seconds.
Here's exactly how it works:

Step 1: Go to Claude Settings → Capabilities
↳ Scroll to the Memory section
↳ Find "Import memory from other AI providers"
↳ Click "Start import"

Step 2: Copy the prompt Claude gives you
↳ The pop-out shows a ready-made prompt
↳ Hit Copy (it's already written for you)

Step 3: Paste it into ChatGPT (or any other AI)
↳ Open a new ChatGPT chat and paste the prompt
↳ It exports everything: your identity, career, projects, preferences

Step 4: Paste the results back into Claude
↳ Switch back to the Claude import pop-out
↳ Paste ChatGPT's response into the text box
↳ Hit "Add to memory"

That's it. Claude now knows everything ChatGPT knew about you.

What gets transferred:

→ How you like to be spoken to
→ Your role, projects, and goals
→ Tools and frameworks you use
→ Every preference and correction you've made

My takeaway:

Claude hit # 1 on the App Store on Monday.
They’re now # 1 on the Android Store today.

A lot of people are curious about switching but assume they'll lose months of context they've built up with their exiting AI model provider.

That friction just disappeared.

Anthropic has removed the last real switching cost.

Whether it be ChatGPT, Gemini, or Grok, you no longer have to start from scratch.

Memory portability is vital for the AI to have robust context about you as an individual and tailor outputs appropriately.

What’s more, the utility of memory compounds over time.

My memory with Claude is already over 2 pages long.

If you've been on the fence, now's the time.

Follow me Alex Banks for daily AI highlights and insights.

I’ll be doing full coverage in this week’s newsletter.
Subscribe to The Signal: https://lnkd.in/ePSZP6KF

The people building AI keep walking away from it.

And they're not leaving quietly.

In the past week alone:

1. Mrinank Sharma, Anthropic's Safeguards Research lead, resigned with an open letter declaring the world is facing "interconnected crises."
2. Zoë Hitzig, an OpenAI research scientis,t published a New York Times op-ed warning about user manipulation through ChatGPT's emerging ad strategy.
3. Two more xAI co-founders left (half the founding team is now gone)

Rewind further and the list grows:

→ Ilya Sutskever, OpenAI's co-founder, left to start a safety-focused company (May 2024)
→ Jan Leike, co-lead of OpenAI's Superalignment team, resigned saying safety had taken a backseat (May 2024)
→ Miles Brundage, OpenAI's senior advisor for AGI readiness, warned that no lab is prepared for what's coming (October 2024)

Every industry has turnover.

But this isn't normal turnover.

These are researchers who spent years building the most advanced AI systems ever created.

And something about what they saw made them walk away.

If the people who understand this technology best can't reconcile building it with their own conscience, what does that tell the rest of us?

Or are they partnering with national publications to generate clicks while leaning into the "fear AI" angle to drive demand for their next venture?

Only time will tell.

Follow me Alex Banks for daily AI highlights and insights.

I explore ideas like this weekly in my newsletter The Signal.
Subscribe here: https://lnkd.in/ePSZP6KF

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