Don Lugoda

[Elon Musk @elonmusk]

FSD approved in Denmark

[Elon Musk @elonmusk]

SpaceX IPO info

[Mario Nawfal @MarioNawfal]

Nvidia CEO Jensen Huang: AI is creating more jobs for software engineers, not taking them away

"If you can hire a software engineer and generate $9 trillion worth of productive work, why wouldn't you want to hire more software engineers?

This is going to show up in our economy somehow soon."

[Don Lugoda @lugoda]

@solana 😍👏🙏😎✋

[The All-In Podcast @theallinpod]

POD UP! 🚨

Sacks is BACK...

and the legendary Bill Gurley fills in for Friedberg!

-- Pope Leo vs AI

-- Anthropic's Digital God

-- Open Source Under Attack?

-- The Great AI Jobs Debate

++ Much More!

(0:00) @bgurley joins the show!

(6:00) Making yourself valuable in the age of AI, first class of "AI Natives"

(17:37) Reacting to Pope Leo's AI encyclical: Who guards the guardians?

(26:54) Anthropic's Digital God: Do they believe they are creating a superior species?

(38:32) AI sovereignty, the next era of privacy, open-source crackdown coming?

(59:56) The Great AI Jobs Debate: Dario and Altman flip their rhetoric, Goldman CEO says no AI job apocalypse

[The All-In Podcast @theallinpod]

Chamath Lays Out the Case for SpaceX at $2 Trillion

– Starlink: the most important internet infra project since the internet itself

– Rockets: underlying platform that allows everything else to happen

– AI: apps top layer, datacenter bottom layer

– The Elon Flywheel: operating leverage ➡️ investment ➡️ competitive moat ➡️ capital moat ➡️ technology moat ➡️ execution/learning moat

– Potential Tesla merger down the road

– Elon’s premium for being “the guy” right now

@chamath:

“ If I'm asking myself, ‘Chamath, how do I underwrite SpaceX at $2T?’

Here's the basic math that I would do.

Last year it did $18-19 billion. It'll probably do $25-30 billion this year. So I'm buying this thing at a fairly costly premium, right?

So what am I buying?

I'm buying probably the most important internet infrastructure project that's happened since the internet itself. That's going to scale to hundreds of millions of users, and the reason that's going to scale to hundreds of millions of users is it's just very useful, and it's just going to become cheaper and cheaper and cheaper. So that's number one.

I'm buying a delivery infrastructure, I think over time, GDP plus 10, GDP plus 15, kind of a grower. So good business, valuable business, but it's the underlying platform that allows everything else to happen.

And then I'm buying an AI business, which will be at the top level the apps, but at the bottom layer all the compute capability.

So I suspect what happens is next year it's probably $40-45 billion. And then the year after that it probably doubles again, so then I'm buying it at 20x revenue.

And you would say, ‘Well, why can you buy a company like this on revenue versus earnings and cash flow?’

And I think the reason is because what the revenue does is it gives him the operating leverage to go and invest in all of these other businesses that ultimately consolidate his differentiation and his competitive moat, because what he creates is a capital moat that then accelerates a technology moat, that then accelerates an execution and a learning moat.

And that flywheel, when it starts to spin very quickly, and you would say, ‘Hey, hold on a second. It's probably spinning quickly now.’ I would say we're at the beginning of the beginning.

He still has all these disparate assets. I still don't like the fact that Tesla's over here, and as I've told you, that will get merged in.

And now you have this incredible corpus of physical capability, movement of all kinds, X, Y, and Z, right? That thing will look very cheap, I think, in a few years.

And he has this one thing that nobody else, if you look at the big CEOs, who steps on stage where you're always curious, ‘Okay, what has he got up his sleeve?’ You know, the Steve Jobs, ‘Oh, and one more thing.’ He's the guy. Whether you like him or you hate him, he's the guy, and there's a premium that is well-deserved that comes with that.”

[Don Lugoda @lugoda]

@pudgypenguins Gm

[Don Lugoda @lugoda]

@RoundtableSpace 🙏

[KWIC - Keyboard Warriors Internet Cafe @KeyboardWIC]

kwic://verse

Stay tuned for the next KWICverse update!!!

Loads of new, fun content is coming…

[Chamath Palihapitiya @chamath]

Key to winning:

Choose to be positive and grateful. Then, just keep at it. Time is the great compounder and will do the rest.

So many people just don’t have the discipline to stay positive and grateful. Then time compounds the bitterness instead.

[Chamath Palihapitiya @chamath]

I went to Stanford and spoke at their AI club. The people I met there were really great.

[Joe Rogan Recaps @JoeRoganRecaps]

Joe Rogan & Chamath Palihapitiya reveal why taxes are a scam:

CHAMATH: “We’re paying for a broken system. I think we’re headed for a major crisis.”

ROGAN: “There’s decades of corruption where they’ve been funneling our tax money through NGOs. It does nothing for the people.”

[Chamath Palihapitiya @chamath]

Very proud of the progress we’re making at 8090. It’s really starting to click and create value for many large enterprises.

While single AI use cases are great, if it’s not part of a broader, coherent AI strategy, it will create a repeat of the current issues in SaaS: vendor lock in, data security, system of record gate keeping, high ongoing maintenance etc.

Being successful in adopting AI requires being optimistic but also sufficiently cynical with the technical capabilities of AI today so you can demand more and design better in an informed way.

Ping us if we can help you.

[email protected]

[Chamath Palihapitiya @chamath]

Called it!

[Henry Bolton OBE 🇬🇧 @_HenryBolton]

There cannot be a Briton alive who was not proud of our King today.

God Save The King!🇬🇧🤴