bg2clips

🇺🇸 Nvidia CEO Jensen Huang on what makes Trump unique: "It was hard to go to DC in the past. As you know, getting an appointment was almost impossible. President Trump has a open door to leaders who want to come in and help them understand the future. This is an administration that believes in growth. Fundamentally, president Trump wants America to grow." — @Nvidia CEO Jensen Huang with @altcap on the @BG2Pod

Why is ChatGPT leading the AI wave? ChatGPT Head of Product breaks down the secret: "It's been roughly sort of one-third between sort of classic friction removal type of work...Another third or so is our product investments...then another third of the growth has been just model improvements...when we thoughtfully address [user feedback]." — @nickaturley on @BG2Pod guest interview

A new social contract - private ownership for all from birth with @TrumpAccounts. Rather than a wealth tax - “let the wealthy give directly to kids - when they cut out govt middleman & the bloat they are down.” Huge announcements coming. 🇺🇸🚀@AndrewYang @MichaelDell @InvestAmerica24

@forseeable_pm Right here youtu.be/HiVej9_fvl8?si…

@bg2clips Link to podcast?

🤔 How do we ever get the Strait of Hormuz open again? "Listen, we degraded and we destroyed. That's what we came here to do. We did not come here for some experiment in democracy. We wish the best to the Iranian people to do the things they need to do. And if Iran does not back down, if after that declaration, Iran continues to destroy cargo containers moving through the narrow straits, I think you're going to see Iran's neighbors, and Israel, and others get very involved as it pertains to Iran because it's in their interest. The United States produces 20 million barrels of oil a day and we consume 20 million barrels a day. This is a modest problem for the United States. This is a massive problem for China. This is a massive problem for Asia. This is a massive problem for all of our friends in the Gulf who are trying to dodge Iranian missiles right now. So there are a lot of people in the world who will take up arms to deal with the Iranians if the United States isn't there, because we can take care of ourselves... This is not a risk-free initiative by the United States, nor was Venezuela. But let me steel man the alternative. Doing nothing and allowing Iran to procure the ingredients for a nuclear missile when they are set on the destruction of the United States and U.S. interests, doing nothing in Venezuela while the Monroe Doctrine is totally wrecked and we let our adversaries take up positions in South America, those also have risks, right? Those carry a lot of risks. And so we're weighing these two risks. Again, for me, I don't like the fact that we're engaged in military activities here, but I will tell you, I am very much on the side that if we're going to go protect American national security interests, you go in, you do the degrading of their capability and you get out. And I think that's what I hear out of the president." –Brad Gerstner (@altcap) on @theallinpod

Full episode: youtu.be/HiVej9_fvl8?si…

📈 Brad Gerstner on the insane revenue numbers coming out of Anthropic: "We had a $6 billion month out of Anthropic in February...It was only a 28-day month. That's more revenue than the annual revenue of Databricks and Snowflake – that are two of the greatest software companies of all time after 12 years, right? They could do, in the first four or five months of this year, the total revenue of SpaceX this year." –@altcap on @theallinpod

🇺🇸🤔 Are @TrumpAccounts a first step towards UBI? "What if there was a giving pledge around equities? And people could opt into it... if somebody like, I don't know, Larry and Sergey or Zuckerberg said, 'I want to pledge 5% of my shares to go into kids' accounts over the next 20 years.' What an amazing, beautiful thing that could be." -@jason "Stay tuned. We're going to have some banger announcements as we head toward July 4th." -@altcap

Behind the Scenes of Brad Gerstner's shoutout at the State of the Union: "I honestly had no idea it was coming. And in fact, I found out after the fact that it wasn't in the speech in the president added it to the speech... I did know he was going to talk about Trump accounts... We're signing up over 100,000 kids a day to these @TrumpAccounts. We have millions of kids who've already claimed their account. We have nearly 30 million kids in America who are eligible for at least $250, if they just go claim their account. These things are going to go live on July 4th... The president really believes this is a way to get everybody, Main Street America, into the game of capitalism and get them all directly owning the great companies in America." –@altcap on @theallinpod with @Jason, @chamath, and @DavidSacks

Brad Gerstner breaks down the real story behind all the fear and uncertainty swirling around OpenAI and Anthropic: "The reality is the tsunami, the tidal wave that all these companies are surfing is so large, they're all going to do well... But OpenAI is doing great. Certainly, there are things that I'm sure they know they got to do better. Same with Anthropic. But I'm excited to be a large shareholder of both of these companies." — @altcap with @SaraEisen on @CNBC

Databricks CEO Ali Ghodsi explains why the LLM you’re using matters less than the data you own. "I think the LLM is a commodity. People are not saying that, but it is a commodity... It really comes down to, what data does your company have that's special that your competitors don't have? Can you leverage that? And can you build AI that really understands that data? Because that's not a commodity." — @alighodsi on @BG2Pod

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TBT to when Brad Gerstner told @finkd to get fit: "And rather than Zuckerberg saying buzz off, he writes what's one of the better CEO letters of the last 10 years, Year of Efficiency, where he said "flatter is faster", right? And he really embraced this idea that when you compress layers in an organization, when you tighten your belt, when you get fit, you don't get less, you get more. People are happier. You release products faster. And so I think that became the rallying cry for at least all the companies that were awake in Silicon Valley." –@altcap on the @JTLonsdale podcast

Brad Gerstner explains why SaaS stocks are taking hits due to AI: "Three years ago, I could buy 35 years worth of Salesforce's free cash flow into the future. Give them 35 times free cash flow because I had that level of predictability. It was like a government bond. It was a sure thing. You definitely were going to get those. And then we have AI do what AI has done over the course of the last several months. And people just said something very rational. I can't see as far into the future. So I'm going to pay less for the terminal value. I'm going to pay less for those future free cash flows." – @altcap with @ScottWapnerCNBC on @CNBC

Brad Gerstner was asked if he's worried about his AI investments: "For the next three years, this is like building the interstate highway system. This is significant. It's important to the United States of America. We have $700 billion of investment going on. That is the size of the interstate highway system. And it's all funded by profitable private companies in America. It's great that it's being built here. And I think those are smart investments, but you do have to ask yourself as a stock investor, do you want to own the picks and shovels?" –@altcap with @ScottWapnerCNBC on @cnbc

.@scottbessent gave a shoutout to the biggest philanthropists donating to the new "Trump Accounts": "We've got some of America's great philanthropists like @MichaelDell and @SusanDell, $6.25 billion. We've got @raydalio, who is sponsoring children in the state of Connecticut. Brad Gerstner (@altcap), who this really came from an idea at his dining room table, just announced he's going to donate to all children below age five."

Brad Gerstner tells the story of how he got into venture capital: "One of the things that I thought was interesting stylistically in my first exposure to venture back in '99, 2000, is they were generalists. People would walk in off the street, two people and an idea. And it seemed like the office was always full of people doing kind of random things, frankly, from restaurants all the way through..Even today on Twitter, @paulg is like you shouldn't actually say you're focused on anything because you should back the best entrepreneurs." – @altcap on the @JTLonsdale podcast

The Besties react to Brad Gerstner's shoutout at the State of the Union: "Just a shout out to our friend, Brad Gerstner, who got a big shout out from the president." –@chamath "That was incredible. He got like a double shout out. It was like a double tap." –@DavidSacks "That was surreal. Our group chat went crazy." –@Jason Congrats to @altcap! 🇺🇸🇺🇸

🇺🇸 Brad Gerstner explains "Trump Accounts" on @cnbc: "Forever more, every child born in America is going to get an investment account at birth, and we're going to put $1,000 in it, and families, moms, and dads, companies, states, philanthropists, and others can add to the account." –@altcap (founder of @InvestAmerica24)