Eric Gonzalez

🇺🇸who posts about Investing (not financial advice), Artificial Intelligence, Blockchain, and Energy Transition.

[Eric Gonzalez @ericgonzalez]

@SenTuberville Great to see you’ve reconsidered after voting against this legislation. Please thank those who passed it on behalf of you constituents.

[Eric Gonzalez @ericgonzalez]

GM and Tesla partner on EV charging network, following Ford’s earlier decision to use NACS. The CCS standard is probably dead in North America. https://t.co/1Fb4moIv3g

[Eric Gonzalez @ericgonzalez]

Absolute madlad smoking BBQ while outside waiting in line at one of Texas' top BBQ restaurants: https://t.co/lriu9TCSwS

[Eric Gonzalez @ericgonzalez]

Waging war on the labor pool keeping your state fed isn’t smart. Regardless of what happens, the damage is done. Food prices will explode in Florida because retailers won’t let a crisis go to waste.

[Arturo Dominguez @extremearturo]

Spanish language social media has exploded with Latino truck drivers calling for a boycott and refusing to take shipments into Florida.

Things are about to get interesting.

[Eric Gonzalez @ericgonzalez]

The writer’s strike is probably going to lead some low budget studios using ChatGPT or other #AI to write episodes. If TV program quality in a few months time holds, it’ll be a massive shift in content production. My guess is it will work for formulaic series like reality tv.

[Eric Gonzalez @ericgonzalez]

Youtube is about to get even weirder. Hybrid generative AI/AR tools like Wonder dynamics will give every solo video creator their own Lucasfilm special effects department. https://t.co/GinacpSFH3 #AI #AR #GenerativeAI

[Eric Gonzalez @ericgonzalez]

Fears around AI understandably focus on mass unemployment or the control problem. I think a more immediate problem is generative AI employed for disinformation.

[Eric Gonzalez @ericgonzalez]

Related question: if the fed repossesses SVB and SBNY assets, and it turns out a majority are treasuries which can be retired at a discount, are they profiting and if so by how much? (Not intended to be a leading question).

[M Mohan @mukund]

Questions.

1. If none of the losses will be borne by depositors, taxpayers or the government. Who pays?
2. Were there losses (both SVB and SBNY) from sale of assets?
3. How many other blanks will be in the same situation ?

[Eric Gonzalez @ericgonzalez]

@whurley @tcufrog99 @AustinInno @federalreserve @USTreasury The idea here is to prevent bank runs by backstopping depositors rather than backstop investors. The latter would truly be a bailout.

[Eric Gonzalez @ericgonzalez]

The fed is fast approaching a liquidity floor, me thinks

[Lyn Alden @LynAldenContact]

The numbers are in. The Fed's balance sheet increased by nearly $300 billion last week.

[Genevieve Roch-Decter, CFA @GRDecter]

1. Only 2.7% of SVB deposits are less than $250,000.

Meaning, 97.3% aren't FDIC insured.

[Sam Altman @sama]

investors who ask "how can i be helpful": today is a good day to offer emergency cash to your startups that need it for payroll or whatever. no docs, no terms, just send money.

it's hard for me to imagine depositors actually losing money here, but so stressful in the meantime...

[Eric Gonzalez @ericgonzalez]

Startup founders, you’re going to get asked about SVB. Compile questions and answers and put it out there right now.

[Brad Hargreaves @bhargreaves]

$SIVB closure & receivership is going to have a massive impact on the tech ecosystem. SVB was not just a dominant player in tech but were highly integrated in some nontraditional ways. A few things we'll see in the coming days / weeks...

[Garry Tan @garrytan]

This is an *extinction level event* for startups and will set startups and innovation back by 10 years or more.

BIG TECH will not care about this. They have cash elsewhere.

All little startups, tomorrow's Google's and Facebooks, will be extinguished if we don't find a fix.

[Eric Gonzalez @ericgonzalez]

What was thought to be contained with SVB and Silvergate has now spread
https://t.co/NzgbPqetQG
Trading also has been halted for First Republic, Signature, and PacCorp. This will be an extinction level event for many small startups using SVB. FDIC insurance isn’t much runway.

[Eric Gonzalez @ericgonzalez]

I don’t either. #EV https://t.co/TepkXdQ8mN

[Eric Gonzalez @ericgonzalez]

In 2023, Standard operating procedure for a criminal in political office is now to blame the opposition for doing the same, thereby tainting any investigation of said criminal as political.

[Eric Gonzalez @ericgonzalez]

I'm thinking we really need to bring back the Fairness Doctrine. Media disinformation helps feed this House of Rep paralysis. #SpeakerVote