Enterprise AI, NVIDIA Isn't Enron - So What Is it? J1 Coming Wednesday, NEAR Intents BD Squad!

Captions as YouTube publishes them, usually machine-generated, so product and people names can be misheard.

1. 0:00

   Good morning Legion. In the last week before the Christmas holidays, we have a number of events happening across the ecosystem. There's an X space with the Aftermath team on NEAR Intents and their product on Tuesday at 12 p.m. Eastern time, thanks to the Legion Intents BD squad for setting this one up, it's the first of many.

2. 0:17

   On Wednesday, J1 kicks off with more than 73 teams participating. Rumor has it that there might even be a live stream featuring Mister to kick off J1 Championship season. Now for our AI stories to kick off the week we called this out in the Legion chat yesterday, it's worth digging into this specifically today.

3. 0:35

   Could enterprise AI be a huge theme for 2026? In 2025, we've seen some incredible progress in both open source and closed source frontier models. Could these models find their way into corporate systems in 2026? Greg Brockman and Sam Altman from OpenAI seem to think this is the case.

4. 0:53

   Sam Altman told a private lunch that the issue has been an application problem, not a training problem. Now, in context, if 2026 is the year of AI enterprise, that would be phenomenal news for the NEAR ecosystem. Private cloud and private inference for enterprises are clear use cases for firms looking to safeguard their IP conversations and plans for the future.

5. 1:14

   NEAR’s private AI thesis might just be put to the test in 2026. Our second and final story today is a great read on the current state of compute, and specifically where Nvidia finds itself. The article is a very long read, but the thesis is clear and very interesting.

6. 1:30

   Nvidia is dependent on endless debt and credit, as are most of the customers of AI compute, creating a deadly cycle that ends in disaster. As the title suggests, Nvidia isn't Enron. But what exactly is it? Skepticism towards the future of compute abounds in this one, which is why we highly recommend giving it a deep dive. That's all for today, folks.

7. 1:50

   We'll do this all again real soon.