DOJ targets Nvidia, Meme stock comeback, Trump fundraiser in SF, Apple/OpenAI, Texas stock market

I don't think that there's anything about the actual performance of the underlying business in the security that you are buying or selling when you are making a decision about whether or not to buy or sell this security.

It's basically a game where the Redditors, they bid up the stock to levels that realistically it's not worth that much.

they can get synthetically short. So they'll add leverage to this using all kinds of esoteric derivatives that other banks on Wall Street will happily sell them. And then when those are disclosed, then the Redditors can just pump it even more, which causes massive margin calls.

the people who are betting on these things are not looking to get a 7% return or beat the average. I mean, they're looking to double their money in 48 hours.

we will see record sea surface temperatures in the August to October timeframe, which will almost certainly push massive hurricane events out of the Atlantic and they will find their way towards the continental US and Mexico

I think if you have a third player, there's a chance that more competition will create more rational behavior, which will flow into the companies themselves. So I'm a huge fan of this.

it showed the cost of going public on Nasdaq, Amex and the New York Stock Exchange was about $7.4 million. Cost of going public through an over-the-counter bulletin board listing service was about $2 million.

This is why I think Biden's getting hot-swapped this month. You heard it here first.

I think the DOJ and the FTC are totally way out of their ski tips on this. This is a totally nascent industry.

It's way too early in the development of these markets to say that these are clearly monopolists. There's still a lot of competition going on.

I think people have realized that four generations ago was more than enough. And on top of this, the stuff that you value inside the iPhone is not what you're going to need for AI.

You just had Biden veto a bill that would have finally given crypto a regulatory framework in the US. It passed with 60 votes in the Senate, including Democrats like Chuck Schumer, and it still wasn't good enough.

Solar is just getting so cheap. Batteries are getting so cheap, putting batteries in your home, putting solar in

It is true that we've spent probably $750 billion to a trillion dollars collectively now on things with the AI label, but it is also true that that's probably generated less than $10 billion of revenue.

the way that the statutes were written is there's a definition on the size of a model, which in and of itself is very quickly changing

I think that climate change stalled when it was an emotional and philosophical rallying cry, largely of the left. When instead it became something about resilience and domestic manufacturing, both sides came together.

Plus, you've got hostility to options as compensation in terms of the 25% unrealized gains tax.

it's very likely we end up seeing a lot of more smaller targeted models being used in specific applications instead of one massive general purpose model being used, or networks of smaller models, which is really where I think the industry is going

because you have this data on your phone, all your iMessages, all your documents, all your photos, videos, music collection, there's a unique set of data on that phone to make your personal LLM that's going to do extraordinary things for you

Don't you agree that the data set is not so cool? Uber has the data. DoorDash has the data.

we kind of predicted that something like this could or should happen. We said that the big win for Apple in AI would be to make Siri actually work based on LLM

There's a distinct reason to upgrade now. If you had a language model on your phone and Siri was like this super Siri that actually got stuff done, I would upgrade my phone immediately. And right now I skip two or three generations.

the idea that Apple with this thousand dollar device is all of a sudden going to figure out that this is why you're going to upgrade, I think is pretty speculative and I think they're going to be disappointed.

I think you make the correct point, which is, you know, I didn't really think about it this way, but you're right, Biden is the D-cell candidate.

They're the D-cell candidate party now. And they just have to flip this thinking. They're going to get demolished. It is going to be a landslide at this point.