“I’m not going to stifle growth of something that will be bigger than the Industrial Revolution”- President Trump on Ai “we’re going to encourage super intelligence”
Fascinating to see how fellow CEOs, especially cybersecurity players, are responding and interpreting Dario’s pacing moves…
CEO of Palo Alto:
“I do believe deep down this is a commercial strategy. A ninja strategy. The liability associated with a model gone rogue has the potential of wiping out the economic opportunity of any frontier company. How do you best show the duty of care? You show that you care. How do you make sure you don't lose out to your competitors? You get them to do the same!
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The SF turnaround. “We bought when there was feces in the street.” Nice @maxraskin
Secretary Bessent confirms the goal of Operation Economic Outcast is to bring Iran to the table.
Treasury Secretary Bessent and Fed Chairman Warsh arrive in Asheville North Carolina to host G20
According to a letter I obtained that Ken Griffin just sent to investors on the purchase of Situational Awareness’s portfolio, “to date, we have successfully shed more than 80% of the aggregate risk from the original portfolio. We have completed nearly 100 block trades totaling over $4b in market value.” Citadel’s Wellington fund finished up the month 5.94%, YTD up 12%
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In Loudoun Virginia home to more than 200 data centers, tax revenue from data centers has exploded. As a result, over the past 10years, they lowered the real property tax rate every year from $1.145 in tax year 2016 to $0.805 cents per $100 in assessed value for 2026.
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Counties that build data centers are seeing new housing, higher home values, lower unemployment and more job growth…
Amazing transfer of cash in the ai revolution
I spoke to IBM CEO Arvind Krishna about the warning today and here’s what he told me:
“A few large capex deals paused near the end of the quarter. It’s not widespread. It’s mainframe and the software associated with it….Mythos is making people pause to say, wait how much do I need to spend on cyber? They’re pausing on new deals until they know…We don’t see our software being disrupted by ai at all.”
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We should make sure Americans are not pursuing entrepreneurial, game-changing, humanity-improving innovations and inventions that create enormous value and catapult American competitiveness? That culture and pursuit are what makes America special and unique. And it’s why Europe has no trillion dollar companies and is nowhere in the ai revolution or technology
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