“It’s a shame to have a congressman invent out of whole cloth an event that. . . simply doesn’t represent what happened.”
@HavivRettigGur disputes Ro Khanna’s account of his West Bank encounter, arguing that all available evidence tells a very different story.
I absolutely love rollercoasters… but this is just fucking nuts😱🤯
Dinoconda at China Dinosaurs Park in Jiangsu is the world's fastest 4D coaster and one of only three regular 4D coasters on earth.
Just watch those seats spinning and flipping… and those corkscrews… that’s CRAZY.
Today, on America’s 250th birthday, Susan and I are celebrating by giving $250 each to the first 25 million qualifying American children who sign up for their @InvestAmerica24@TrumpAccounts.
This makes every child a shareholder in the greatest prosperity-creating engine the world has ever known — American capitalism. Through this public-private partnership, we’re giving the next generation a real stake in our economy and a path to the American Dream: education, a first home, starting a business, and building lasting wealth.
It unites us all in hope and optimism for every child’s future.
Happy 250th Birthday, America! 🇺🇸
https://t.co/Jd7nb98JDT
Narrative violation: A new study of 21,559 firms in the U.S. finds that “companies that adopt AI tend to grow faster following adoption”.
“Firms making the largest AI investments grow employment by roughly 10% following adoption, while low-intensity adopters see no statistically significant change.”
“Entry-level headcount rises 12% for high-intensity adopters.”
“Gains emerge gradually and are broad across roles, including engineering, sales, administration, and customer service.”
“The results counter predictions that AI adoption will lead to broad job loss.”
The study is based on observed AI spending from Ramp card and bill pay data linked to Revelio Labs workforce records.
David Friedberg: The AI Jobs Panic Is a Crock of Sh*t
Why? The revenue potential outweighs the cost savings by 100x.
“There is no job loss with AI. I've said it a thousand times, and I will say it again, and again, and again.
What I see on the ground, and what I've seen at dozens of companies, including my company that I run, there are two sides to a business.
There is revenue and there’s costs.
On the cost side of the equation, AI can be used to reduce humans doing things that cost money, to some extent. The effect there, I would argue, is nominal.
The real opportunity with AI is on the revenue side, where suddenly one engineer can do 100x or 1000x what they used to be able to do, meaning you can make more products at your company, whether those are agricultural seed products, or boats and ships, or software for companies, or clothing, or what have you.
Because of AI, everyone has the ability to expand their revenue base to create more products, and that is the foundation of good economic prosperity. It is called productivity. We can grow productivity in this country with AI.
So where I see AI being used is on the revenue side 100x more than the cost side. And in that equation, people are hiring like crazy. We cannot hire enough people.
I just had a review meeting with my product and engineering team two days ago, and they're like, ‘We want to add an extra 15 headcount to our engineering squads because we have all this opportunity to do stuff that we couldn't otherwise do.’ So we are going to hire more people.
And to Sacks' point, we are seeing that show up in the jobs numbers. The idea that AI is going to destroy jobs is a Luddite idea that is being disproven every single day, and I see it on the ground.
It is only a matter of time before people wake up to this and they realize that this narrative that they've all been sold is a crock of sh*t.”
Bill Clinton: “I killed myself trying to give the Palestinians a state. I had a deal they turned down that would have given them all of Gaza and 97% of the West Bank. You name it. They turned it down.”
The Palestinians never wanted peace.
This must be shared every single day.
Elon just created 4,400 millionaires in a single day.
400 of them are now worth over $100 million.
These aren't VCs. They're SpaceX employees, and the list includes welders, technicians, and cafeteria staff, because for two decades the company paid every level of the workforce in stock instead of higher salaries.
Juan Hernandez immigrated from Mexico and took a $28 an hour contractor welding job in 2015. He says he didn't even know what SpaceX was. The company gave him a $10,000 equity grant and let him buy more shares through payroll deductions. That stake is now worth $880,000.
Trevor Hise's parents wanted him to take a stable job at General Electric. He picked SpaceX instead, stayed 12 years, and accumulated over 100,000 shares. At the $135 listing price that's $13.5 million. He's 37 and semiretired. His words: "The magnitude of this has been ridiculous."
The most telling detail came before the listing. Over 100 employees quietly banded together and negotiated a group wealth management deal covering up to $5 billion, because none of them had ever needed a wealth manager before.
Software IPOs have minted millionaires for 30 years. This is the first one where the money went to the factory floor.