Tariffs still showing very little impact… Goods inflation simply hasn’t materialized like many feared, certainly not an inflation shock.

The Job Loss narrative is a classic case of confirmation bias. Every time a tech company announces layoffs, it is attributed to AI, even though the trend pre-dates GPT-4. And when new jobs are created, that rarely generates offsetting positive stories for AI.

🚨NEW: Trump on the Los Angeles/Palisades fires "They still don't have their city permits. They have all their Federal permits. The mayor said "I think we can have them in 2 years. People wanted to start rebuilding immediately. Two years? Are you kidding me? Now they're talking about putting low-income housing there. This is one of the most beautiful areas in the country. I built low income housing. They want to replace those homes with low income housing. They haven't even gotten their permits yet. Those people are angry. They loved their neighborhood. Now they want to leave. They've lost their spirit, they've lost their heart. The mayor of LA is incompetent. Gavin is incompetent. He's got a good line of bullshit, but he's incompetent. The fact that these people still don't have their permits is a disgrace."

Why are top banks still prohibiting or restricting access to Bitcoin ETFs on their wealth management platforms? Is this the last vestige of “debanking”?

Every day, I wake up and it's something new to wake up to, a W from the Trump admin, then go off to work for a while, return, and it's more W's. Every day. This is the hardest working White House in U.S. history!

I really like how this lights up. ❤️🥃Mahalo @theallinpod !

Good post assessing China’s response to American leadership in the AI race. China is placing big bets on open weights models and on Cloud Matrix at the chip level.

Why the AI job loss narrative is overhyped: AI models still need to be prompted and verified, often iteratively, to drive business value. As @balajis says, AI is middle-to-middle, not end-to-end. Humans do the stuff at the ends (supervision); AI does the stuff in the middle.

Important blog post by @balajis rebutting the prevailing narratives around AI job loss and the future of AI being a centralized superintelligence which controls us.

David Sacks: The AI Race is bigger than the Space Race 🇺🇸 "This was the first speech that President Trump has given on AI since the AI boom began." "And he declared that the United States was in an AI race. It's a global competition." "The language that he used was reminiscent of how President John F. Kennedy declared that America was in a space race, and in a similar way, President Trump declared that we had to win the AI race." "I think you could argue that the AI race is more important than the space race." "It's going to reshape the global economy, it's going to determine who the superpowers are of the 21st century." During his speech, President Trump laid out three key pillars of American AI dominance: 1) Innovation (let the geniuses cook) 2) Infrastructure (energy, datacenters) 3) Exports (make US tech stack the global standard) The president also noted that it matters HOW we win, mentioning three non-negotiables: 1) American workers have to be at the center of the prosperity created by AI 2) AI models that the government procures and buys must be free of ideological bias (no Woke AI) 3) Prevent misuse and/or theft by malicious actors