Somebody who was inside your organization told me with the options that uh you have a secret pool of options and that you will randomly just if somebody does a great job drop a bunch of RSUs on top of them and that you have this little bag of options you carry around and that you leave them out. >> That's nuts. >> Is that true.>> Yeah, I'm carrying in my pocket right now. So listen, so this is what happens. I review everybody's compensation up to this day.>> Yeah. >> At the end of every cycle, I go through ...

We're full speed ahead. June was the first positive June for the Treasury since 2015. We actually had a surplus and we did that in a good way.We took in more revenues, some from tariffs, and we brought down spending. When I think about what we can do here, what I'm really excited about is the idea, you know, with AI that we can go back to the paradigm when I was younger in the '9s. Allan Greenspan was able to run the economy very hot because it was the IT boom and we had this very powerful non-inflationary ...

Trade Negotiations & Tariffs - The tariff issue is expected to be settled by August 1st, with tariffs going into effect on that day [1] - While negotiations can continue after August 1st, payments based on existing tariffs will be due [1] - The US is seeking market access for American ranchers, farmers, and fishermen [2] - Tariffs, such as 26%, 27%, 31%, and 19%, will be imposed if markets are not opened to American products [2] Market Access & Pricing - Increased activity as parties present their "best offer," but the "price" for market access has significantly increased [2] - The "price" involves opening markets to American goods [2]

You see some Silicon Valley technology firms, especially the big firms, say that they are desperate for workers, that they can't find for work workers, that they have to use, you know, overseas visa programs to find workers. And yet, at the same time, the college educated employment rate for STEM graduates in this country seems to be declining. Yeah.Well, wait a second. If you're not hiring American workers coming out of colleges for these jobs, then how can you say that you have a massive shortage in these ...

Industry Regulation & Development - US has made it difficult to build things due to overregulation [1] - Environmental regulations have contributed to de-industrialization [2] Semiconductor Industry & Manufacturing - TSMC is building a large FAB system in Arizona, potentially producing up to 7% of US chip needs [2] - Chip plant construction is rapid, requiring constant adjustments, but faces regulatory hurdles from local building inspectors [2]

We see this capital being applied to human capital in a way that we never thought was possible. It used to be NBA players signing $300 million contracts. Now it's model researchers.And then there was a post this weekend that said that there was a person that was offered a billion dollars over four years by Meta. Now, if that's happening at this layer, why hasn't it happened at your layer. Because you are the enabler of all of that.And how do you think all of this human capital is going to actually play out. ...

5 4 3 2 1 zero. All engine running. Liftoff. We have a liftoff. That's one small step for man, one giant lift for mankind. The world's largest airliner. Each wing is big enough to hold five tennis courts. This new technology made it possible to meet the user's crucial needs. Enter the computer and a new age. What a computer is to me is it's the most remarkable tool that we've ever come up with. And it's the equivalent of a bicycle for our minds. Here I am playing a game of chess with a computer which is ana ...

For people who don't know who he is, please give us an introduction to Joe Sat. He's the owner of the Nets and he's now chairman of Alibaba. We like innovation from the bottom up.Alibaba just dropped their secret weapon, Quen 2.5% Max. Alibaba surged 14.5% overnight, beat estimates on nearly every metric. A massive rally alone this year, adding about 100 billion to the stock's value.You have to have a growth mindset when you compete. ...

Something that I think is is interesting and and and relevant particularly to Grock 4 being the best product is the best product doesn't always win in technology. >> No. >> Yeah. >> Yeah.In sports, you know, they say uh defense wins championships and on the internet distribution wins championships and Gro 4 has formidable competitors with lots of distribution and Google >> and you know Meta if they get their act together. Microsoft. And so from an industrial logic perspective, something that I think makes a ...

Economic Outlook & Monetary Policy - The possibility of Federal Reserve rate cuts is decreasing due to a strong stock market and overall healthy economy [1][2] - The market's expectation for September has shifted from a 25 basis points rate cut to no change [2] - Short-term rate adjustments by the Federal Reserve aim to stimulate the economy, but fiscal challenges require attention [8][9] US Fiscal Challenges - The 30-year Treasury yield has reached 5%, the highest since 2007, indicating increased borrowing costs for the US government [3][4] - The US has $36 trillion in debt with an average interest rate of 33%, resulting in $12 trillion annual interest expense [5][6] - A rise in average interest rate to 5% on the debt could increase annual interest expense to nearly $2 trillion [6] - The US faces a fiscal crisis due to rising interest rates and continuous deficit spending [7] Deficit & Potential Solutions - The deficit's impact is now significant due to rising interest rates [11] - At current deficit levels, refinancing debt at current rates could lead to interest spending exceeding major expenditures like Medicare, Medicaid, Social Security, or the military [12] - Potential solutions involve slowing government spending, increasing revenue (including considering consumption taxes), and deregulation to stimulate economic growth [14][16]