Drachenmiller's NVIDIA Handicap and Parantia are exceptions

　Stanley Drackenmiller, a wealthy and famous investor, is famous for managing funds for over 10 years under George Soros. In the “pound crisis” known to the world, Mr. Soros sold a large amount of pounds in the exchange market thinking that the pound exchange rate remained high enough not to match the actual situation, and then executed a transaction to buy back the pound when the pound became cheaper, and came to be called “the man who broke the Bank of England.”

　Led by Mr. Soros due to this major pound crashThe quantum fund made a profit of 1 billion to 2 billion dollarsIt is said. The person who proposed this strategy to Mr. Soros was Stanley Drackenmiller, who was in charge of management practices for Mr. Soros's fund at the time. The reason why Mr. Soros made a big profit by selling pounds was the presence of Mr. Drackenmiller.

　Mr. Drackenmiller is currently operating the Duquesne Family Office, which is a family office. According to materials disclosed by Duquesne to the SEC (Securities and Exchange Commission) on 8/14,Continuing from the previous quarter (fiscal year ending January-March), holdings of AI-related stocks have been reducedI understand that.

　Mr. Drackenmiller has previously stated about AI that “even old people like me can understand what it means,” and stated that the AI boom is “a megatrend that has never been seen before” with the potential to become larger than the internet. Also, regarding the sale of NVIDIA, he said, “I want to take a break. We have had tremendous success. Much of what we recognized is now being recognized by the market.”

　Palantia was founded in 2003, led by Peter Thiel, a famous investor who is also involved in the establishment of open AI, and has had government-related agencies such as the US military, the Department of Defense, FBI (Federal Bureau of Investigation), CIA (Central Intelligence Agency), etc. as customers from the time it was founded, and it is characterized by many parts shrouded in mystery since it handled confidential cases.

　The forecast for full-year operating income was revised upward to 0.9 billion66 million-0.9 billion74 million dollars (0.8 billion34 million-0.8 billion50 million dollars). This is the second time that the annual profit forecast has been revised upward by Parantia, following the first quarter. CEO Alex Carp (Chief Executive Officer) said, “The pace of business expansion is steadily accelerating, and we believe that an unprecedented opportunity for further development will arrive.”