Trump AI Speech & Action Plan, DC Summit Recap, Hot GDP Print, Trade Deals, Altman Warns No Privacy

I strongly disagree with the idea that AI getting trained is the same as AI replicating copyright material.

you just can't have a situation where China can train on the entire internet, and our AI models are hamstrung by needing to contract, negotiate contracts with every single website.

I read that and I thought, this is the peak of these deals. These deals will only go down in terms of dollar value from here. And it actually brought me to this point where I was thinking to myself, is it even realistic to believe that patents and copyrights actually exist in five years?

I will guarantee that this will be the beginning of the deals and the deals will go up from here.

we are sort of back to basics almost in a sense where in the absence of power, I think AI is not going to be the thing that we think it can be. So that's going to create an enormous amount of appetite by the federal government to do deals and get players on the field. And that's to me very exciting. So, yeah, I came away really, really risk on, I guess is the best way to say it.

it's cheaper to put in a solar and battery farm than a new coal plant. It is 100%.

These methane plants are half the cost of solar. They can get stood up in less than two years to generate a gigawatt.

scaling energy production, I personally think we need to fix the regulatory roadblocks in nuclear. And Chris Wright's been very vocal on this.

We have a trillion dollars now that we can put into nuclear power plants and these small modular reactors and that's what Lutnick said he wanted to spend it on.

And now those two things have flipped, or they're like neck and neck. If you have a college degree, you have no advantage as a man coming out in this 20 to 27 year old range.

Grok 5 and for sure Grok 6 will not use Common Crawl. It will not use the Internet. It'll just be an enormous amount of synthetic data.

So why does the Fed not cut? Because at this point, not cutting is the only thing that you can do to slow the Trump administration down going into the midterms, if you wanted to politicize the job.

It kind of provides a little bit of the support for the economists that are saying we should keep rates steady because if we are seeing a significant inflationary effect here, it's worth noting that there's something that we need to be thoughtful about.

I think the Fed now is in a position where cutting rates seems like putting kerosene on the fire.

It's about $2 trillion. It's effectively $2 trillion of stimulus into the US, but without money printing.

I have issues with the spending, and that's not been resolved. So like I said before, here we are, folks. My full-throated endorsement will come around when Doge actions are taken seriously and or the White House puts pressure on Congress to take action on spending.

And what we're seeing now across the board is generating about $300 billion a year of additional tariff revenue that goes to help balancing the budget. So $300 billion a year over 10 years is $3 trillion. That is a big number.

obviously the 3% number is way ahead of expectations. It's a fantastic number. It just feels like everything is humming on all cylinders here.

One of them was to promote AI exports because we want the American Tech Stack to become the global standard.

these open-source models are catching up pretty fast. We're ahead in many other aspects. Our chips are a lot better. Our data centers are better and so on.

the shock and bore playbook is basically, Trump says something completely outrageous, shocking, everybody goes crazy, the media loses their mind, business leaders lose their mind. ... Trump comes in, sees all the stuff, and then he starts making these micro tweaks. So it's on the finish line, it's in the red zone, five-yard line, Trump comes in, and then he sticks it to them again with three or four extra asks, and then they wrap it up, and that this is becoming really effective.

we said at the time that all of that was happening and Larry Summers was on the pod preaching doom, is that all of that was an opening bid. It was all the start to a negotiation. And we had to see where it ended up and that the administration still had to stick the landing. But I got to say based on EU, Japan and South Korea, this is looking really good right now.

AI is going to put everyone out of work. By the way, no sense of perceived contradiction between those two things.