Elon Musk’s 3-hour interview broke the internet. He revealed;
→ Why software devs are "about to have a hard lesson in hardware"
→ next 36 months will create more millionaires than last 36 years.
Here's every prediction you need to see👇
$ASML CEO warns that without major gains in power efficiency, training frontier AI models could eventually consume the world’s energy supply.
If scaling laws hold and no breakthroughs emerge, models trained in 2027 may require $100B+ compute clusters just to run.
Treasury Secretary Scott Bessent explains the administration’s new tariffs, and why we had to do something to stop the slide.
(0:00) Trump’s Tariff Plan
(5:42) The Current State of the Stock Market
(8:22) Will Americans See Substantial Tax Cuts Because of Tariffs?
(13:16) How Much Money Will America Make Through Tariffs?
(14:33) Bringing Manufacturing Back to the US
(20:14) Tariff Pushback From Foreign Countries
(22:16) Will China Retaliate?
(25:42) How Will Europe Be Impacted?
(33:12) Is the Upper Class Out of Touch With the Lower and Middle Class?
(35:47) Bessent’s Biggest Worries
(42:35) The Long Term Benefits of DOGE
(46:17) The Corruption of the Federal Reserve
(49:22) Why Gold Is So Critical Right Now
(52:13) Zelensky's Self-Sabotaging Negotiation Tactics
(1:00:19) The Trump Administration’s Messaging About the Economy
Includes paid partnerships.
If a country's leader refuses to engage in negotiations with @realDonaldTrump, I would expect that one or more major companies located in that country would negotiate a deal directly with Trump. The President could exempt a particular company's products from tariffs if they committed to invest X dollars in the U.S., open new factories in the U.S., etc.
Major global companies are not going to allow their political leaders -- who may be motivated by short-term political considerations -- to harm their businesses by refusing to negotiate with Trump, or worse by retaliating. As more major companies in a country make their own deals, the rest of the companies in that country will be left behind, which will motivate the leadership to negotiate a deal.
Chamath's Three Takeaways from Liberation Day 🇺🇸
1) Trump will go through with the tariffs, don't expect a grand capitulation
-- "Trump has had a 40-year view on tariffs."
-- "They're going to go through with this and they're going to see it through."
-- "I don't think you're going to see this grand capitulation."
2) The White House is okay with short-term volatility in the stock market
-- Remember Bessent's quotes on "Main Street over Wall Street" and re-ordering the international trading system
3) Bond yields are down, which will save us hundreds of billions this year
-- "We have $6T we need to finance in the next nine months."
-- "So the singular goal, in my opinion, of the White House, has been move the 10 year as aggressively and as quickly as possible."
-- As of yesterday... you were kissing 4%."
-- "If it had gone in the other direction, 30 or 40 basis points, and it touched 5%, you're talking about hundreds of billions of dollars of extra money that would not have been found, that would've had to be printed."
-- "Irrespective of what you think you know, or what you think you like about tariffs, we should all have a moment where we exhale because the long end of the curve is giving us a respite in a storm."