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  1. TBPN
  2. Leopold's 13F, Data Center Fixes, Shein Buys Everlane | Mike Isaac, Rowan Trollope, Dean Leitersdorf, Joanna Stern
Leopold's 13F, Data Center Fixes, Shein Buys Everlane | Mike Isaac, Rowan Trollope, Dean Leitersdorf, Joanna Stern

Leopold's 13F, Data Center Fixes, Shein Buys Everlane | Mike Isaac, Rowan Trollope, Dean Leitersdorf, Joanna Stern

TBPN · May 18, 2026

This episode covers Leopold's 13F, the growing backlash against AI data centers, Shein's Everlane acquisition, and the future of AI wearables.

Data Center Opposition Unites Left and Right, But for Different Reasons

The backlash against AI data centers is a rare bipartisan issue. The left is primarily concerned with job displacement and the theft of creative work, while the right wing increasingly views the centers as tools for mass surveillance.

Leopold's 13F, Data Center Fixes, Shein Buys Everlane | Mike Isaac, Rowan Trollope, Dean Leitersdorf, Joanna Stern thumbnail

Leopold's 13F, Data Center Fixes, Shein Buys Everlane | Mike Isaac, Rowan Trollope, Dean Leitersdorf, Joanna Stern

TBPN·2 days ago

Redis is Repositioning from a Cache to an AI "Context Engine"

As companies deploy thousands of AI agents, their backend databases face overwhelming load. Redis is pivoting to solve this by acting as a "context engine"—a high-speed intermediary layer that serves pre-processed data to agents, protecting core systems.

Leopold's 13F, Data Center Fixes, Shein Buys Everlane | Mike Isaac, Rowan Trollope, Dean Leitersdorf, Joanna Stern thumbnail

Leopold's 13F, Data Center Fixes, Shein Buys Everlane | Mike Isaac, Rowan Trollope, Dean Leitersdorf, Joanna Stern

TBPN·2 days ago

Venture Capital's Growth-at-all-Costs Model is Unsuited for Apparel Brands

Apparel brands often require a "winding road" of development, with the flexibility to manage supply and brand perception. The VC model's relentless demand for rapid, year-over-year growth is fundamentally misaligned with this, contributing to poor outcomes.

Leopold's 13F, Data Center Fixes, Shein Buys Everlane | Mike Isaac, Rowan Trollope, Dean Leitersdorf, Joanna Stern thumbnail

Leopold's 13F, Data Center Fixes, Shein Buys Everlane | Mike Isaac, Rowan Trollope, Dean Leitersdorf, Joanna Stern

TBPN·2 days ago

Hedge Fund 13F Hype Ignores That Filings Are Stale, Incomplete Investment Signals

Leopold Aschenbrenner's 13F filing generated massive buzz, but such documents are a snapshot from months prior. They exclude crucial details like shorts, options strikes, and hedges, making them a dangerously misleading guide for copy-trading.

Leopold's 13F, Data Center Fixes, Shein Buys Everlane | Mike Isaac, Rowan Trollope, Dean Leitersdorf, Joanna Stern thumbnail

Leopold's 13F, Data Center Fixes, Shein Buys Everlane | Mike Isaac, Rowan Trollope, Dean Leitersdorf, Joanna Stern

TBPN·2 days ago

AI Wearables Will Succeed by Making Today's Smartwatches Feel "Dumb"

The compelling feature for future AI wearables is persistent audio recording and synthesis. The ability to listen to your day and automatically generate tasks and summaries is a "holy crap moment" that will make today's notification-centric smartwatches seem primitive by comparison.

Leopold's 13F, Data Center Fixes, Shein Buys Everlane | Mike Isaac, Rowan Trollope, Dean Leitersdorf, Joanna Stern thumbnail

Leopold's 13F, Data Center Fixes, Shein Buys Everlane | Mike Isaac, Rowan Trollope, Dean Leitersdorf, Joanna Stern

TBPN·2 days ago

Musk's OpenAI Lawsuit Failed on a Technicality, Not the "Stealing a Charity" Argument

The jury dismissed Elon Musk's case against OpenAI because he waited too long to sue—a "timeliness issue." This procedural detail, rather than the widely publicized ethical debate about its mission, was the decisive factor in the verdict.

Leopold's 13F, Data Center Fixes, Shein Buys Everlane | Mike Isaac, Rowan Trollope, Dean Leitersdorf, Joanna Stern thumbnail

Leopold's 13F, Data Center Fixes, Shein Buys Everlane | Mike Isaac, Rowan Trollope, Dean Leitersdorf, Joanna Stern

TBPN·2 days ago

DTC Darling Everlane's Fire Sale Shows the Peril of Being "Stuck in the Middle"

Everlane, which raised $145M, sold to Shein for just $100M. The brand was caught between low-end consumers seeking price and high-end consumers seeking status. This "stuck in the middle" position proved unsustainable at a venture-backed scale.

Leopold's 13F, Data Center Fixes, Shein Buys Everlane | Mike Isaac, Rowan Trollope, Dean Leitersdorf, Joanna Stern thumbnail

Leopold's 13F, Data Center Fixes, Shein Buys Everlane | Mike Isaac, Rowan Trollope, Dean Leitersdorf, Joanna Stern

TBPN·2 days ago

Mark Cuban's Proposed "Token Tax" on AI Could Disadvantage US Companies

Mark Cuban suggests a federal tax on AI tokens to curb usage and raise funds. Critics argue this is a form of central planning that penalizes a specific business model, making foreign and open-source alternatives more attractive and hurting US competitiveness.

Leopold's 13F, Data Center Fixes, Shein Buys Everlane | Mike Isaac, Rowan Trollope, Dean Leitersdorf, Joanna Stern thumbnail

Leopold's 13F, Data Center Fixes, Shein Buys Everlane | Mike Isaac, Rowan Trollope, Dean Leitersdorf, Joanna Stern

TBPN·2 days ago

The Whey Protein Shortage Exposes the Lag Between Consumer Trends and Heavy Industry

A "protein mania" has created a whey shortage, but the root cause is an infrastructure bottleneck. Consumer demand for protein-fortified foods changed rapidly, while the capacity to process whey—requiring billion-dollar plants—takes years to build, creating a massive supply-demand gap.

Leopold's 13F, Data Center Fixes, Shein Buys Everlane | Mike Isaac, Rowan Trollope, Dean Leitersdorf, Joanna Stern thumbnail

Leopold's 13F, Data Center Fixes, Shein Buys Everlane | Mike Isaac, Rowan Trollope, Dean Leitersdorf, Joanna Stern

TBPN·2 days ago

Authors Use AI as a Research Assistant, Not a Ghostwriter, to Ship Books Faster

While many fear AI-generated books, author Joanna Stern reveals how professionals actually use the technology. AI was not used to write prose but was indispensable for backend tasks like organizing notes, managing timelines, and formatting endnotes, accelerating the entire process.

Leopold's 13F, Data Center Fixes, Shein Buys Everlane | Mike Isaac, Rowan Trollope, Dean Leitersdorf, Joanna Stern thumbnail

Leopold's 13F, Data Center Fixes, Shein Buys Everlane | Mike Isaac, Rowan Trollope, Dean Leitersdorf, Joanna Stern

TBPN·2 days ago

"Quiet Luxury" Leadership Helps Tech Giants Avoid Infrastructure Backlash

Companies like Apple and Google built data centers for years with little public opposition, led by understated figures like Tim Cook. In contrast, flamboyant personalities like Kevin O'Leary become "soft targets," making it easier to rally sentiment against their projects.

Leopold's 13F, Data Center Fixes, Shein Buys Everlane | Mike Isaac, Rowan Trollope, Dean Leitersdorf, Joanna Stern thumbnail

Leopold's 13F, Data Center Fixes, Shein Buys Everlane | Mike Isaac, Rowan Trollope, Dean Leitersdorf, Joanna Stern

TBPN·2 days ago

Overcome Data Center NIMBYism By Giving Residents Direct Annual Cash Payments

A novel solution to data center opposition is direct payments to the community. Offering each resident a yearly check (e.g., $10,000) could represent a tiny fraction of a center's revenue but would be far more persuasive than vague promises of tax benefits.

Leopold's 13F, Data Center Fixes, Shein Buys Everlane | Mike Isaac, Rowan Trollope, Dean Leitersdorf, Joanna Stern thumbnail

Leopold's 13F, Data Center Fixes, Shein Buys Everlane | Mike Isaac, Rowan Trollope, Dean Leitersdorf, Joanna Stern

TBPN·2 days ago

Redis CEO Codes with Teams to Fix AI's New Bottleneck: Outdated Processes

The CEO of Redis argues that since AI can write code, the primary bottleneck in software development has shifted from coding to outdated processes like meetings and standups. He is personally coding to help reinvent the company's entire development lifecycle for this new reality.

Leopold's 13F, Data Center Fixes, Shein Buys Everlane | Mike Isaac, Rowan Trollope, Dean Leitersdorf, Joanna Stern thumbnail

Leopold's 13F, Data Center Fixes, Shein Buys Everlane | Mike Isaac, Rowan Trollope, Dean Leitersdorf, Joanna Stern

TBPN·2 days ago

Citadel CEO Ken Griffin's AI "Depression" Signals Commoditization of Elite Talent

When Ken Griffin saw AI replicate the work of his PhDs, his "depression" may have been less about job loss and more about strategy. He realized Citadel's core asset—an army of elite human analysts—could be commoditized by AI, eroding a key competitive advantage.

Leopold's 13F, Data Center Fixes, Shein Buys Everlane | Mike Isaac, Rowan Trollope, Dean Leitersdorf, Joanna Stern thumbnail

Leopold's 13F, Data Center Fixes, Shein Buys Everlane | Mike Isaac, Rowan Trollope, Dean Leitersdorf, Joanna Stern

TBPN·2 days ago