Investment Strategy & Market Opportunities - The firm is actively seeking opportunities in the secondary markets, including potential investments in companies like SpaceX and xAI [2][3] - A new fund/strategy focused on quantum computing, space exploration, nuclear energy, and robotics has been launched [4] - The firm sees opportunities in private markets, which are typically accessible to a select group of investors, and aims to provide access to its clients [7] - The firm emphasizes the importance of underlying technology and fundamentals over market hype when evaluating companies [8] - The firm is focused on identifying catalysts for outperformance and strong management teams [10][11] Tesla Analysis - The firm holds Tesla as a 6% holding in its macro cycle opportunities strategy and a 45% holding in its growth strategy [17] - The firm is interested in Tesla's energy business and the progress of its Full Self-Driving (FSD) technology [13][14] - The firm is excited about Tesla's new model Robotaxi and Optimus project [14][15] - The firm supports Elon Musk's compensation package, which is tied to the delivery of Optimus and Robotaxi, as well as 20 million EVs on the roads [15][16] Valuation & Market Dynamics - The firm acknowledges high valuations in the current transformative technological revolution, drawing parallels to the 1990s, but believes it can continue for some time [6][7] - The firm views the current technologies as more robust than those of the 1990s, which were primarily focused on "eyeballs on a screen" [7]

Extraordinary scoop. The first came in August. Now we get the real details and perhaps those current employees and former employees not selling as much as they could have done.That's right. So, you know, again, this is a record valuation for Openai and for just startups right now, surpassing Space X as the most highly valued startup. That being said, there was more.There could have been more units sold is what we're told. And actually employees chose not to take up all of that potential share sale. So, you ...

OpenAI has topped Elon Musk SpaceX to become the world's largest startup with a valuation of $500 billion. The Chat GPT owner completed a deal to let employees sell shares at a $500 billion valuation with current and former staff selling about $6.6% billion worth of shares to investors. That pushes OpenAI well past SpaceX $400 billion valuation to become the world's largest private company.OpenAI is one of several companies including NVIDIA leading a global push to invest in data centers and AI models. An e ...

So there's doorbells, cameras, there's speakers. What query. Right.So there's two cameras and a doorbell and a smart speaker, which actually isn't coming out until spring of next year, which is going to give Amazon quite the head start with its own Smart home lineup, which, as you noted, was unveiled yesterday. So we have a little bit of competition here on our hands team Amazon, then Google. They both seem to be making a claim, Dana, to the home, the AI in the home.What's kind of your reflection on the las ...

What do we need to understand here. Cara and I are both hardware users of Peloton. We both are subscribers.What's new in our use of this, this tech. Yeah. So it's a revamp across its entire line.So five new products, that's a traditional base level bike. A bike plus premium model. There's the tread treadmill, the tread plus premium again and the road plus.So the big differences here are the premium. All of them really get a new swivel screen, which might not sound so exciting. But the idea here is you can t ...

What am I going to get with 3.0%. It's a bit of an overhaul here. Thank you so much.And thanks for having me on site. To to be back here as a 3.0% is a bunch of different things. The main thing is that we're evolving video from being kind of a static broadcast format, right to recorded ones, and everybody essentially watches the exact same version of that video.In the video that's conversational. And we're launching this new product called Video Agents, where you're going to be able to create your videos li ...

Market Sentiment & Risk Factors - Despite anxieties surrounding government shutdowns and trade deal uncertainties, markets remain at record highs, with specific tech stocks like Micron performing strongly [1] - Safe haven assets like gold and the Japanese yen are also experiencing increased demand, indicating a mixed market sentiment [1][2] - Optimism surrounding potential Federal Reserve rate cuts continues to support the market, even amidst risks like the US government shutdown [3] - Market responses to policy announcements from the current administration are becoming more relaxed compared to the initial reactions seen previously [8][9] Tech Sector Focus - Tech stocks, particularly big tech in the US, continue to attract significant investor attention [2] - Europe is experiencing a pull from the US into tech stocks, showing encouraging signs of growth in the sector [4][5] - Taiwan rejects a US demand to move 50% of its semiconductor manufacturing to the US, highlighting the impact of policy on the technology sector [6] Policy & Government Influence - The current administration's policy plays a central role in market responses, outlook for stocks, and overall sentiment [7] - The US government is proactively seeking stakes in strategic sectors like lithium, aiming to enhance competitiveness against countries like China [10] Valuation & Earnings - High valuations are present in the market, with potential for overstretched areas, but a major collapse is not necessarily expected [11][12] - Earnings season and forward guidance will be crucial in determining market direction, with positive earnings potentially catalyzing another leg higher, especially if the Federal Reserve cuts interest rates further [12][13]

We were showing a really well read story on the Bloomberg about any participant in private markets. Offering an era of easy gains is now changing approach. Is that true of you and what you're doing in your strategy.Well, I think for us, similar to what we've seen over the last multiple decades, is companies are just staying private longer. Right. And as that happens, then the historic returns in public market investors would have gotten as companies went public and then appreciated in the public market. Tho ...

Semiconductor Industry & US Government Initiatives - US government is pushing for more domestic manufacturing in the semiconductor industry [1] - The Trump administration aimed to propel investment in projects like Stargate and Open AI [2] - South Korea is expected to invest as much as $350 billion in the US over the next several years as part of a trade deal [2] - The US administration aims to ensure more chip production occurs within the US [3] Workforce & Visa Regulations - There is a tension between the push for onshore manufacturing and workforce availability [5] - The semiconductor industry estimates a 67,000 job gap in the US over the next five years [5] - Chip makers are pushing back against the administration's plan to shorten the F-1 student visa duration to four years [6][7] - A less friendly approach to immigration could drive talent away and hurt US competitiveness [7] - The administration is raising the fee for H-1B visas to $100,000 for new applications, potentially costing chip companies hundreds of millions of dollars [8]

Bill, you you said you're directing a lot of your money, right, towards Africa for health and development. How are you partnering with governments to get it done and also to make sure what the priorities are. >> Well, the you know, top priority for any government is stability in health and education.Uh and you know, Rwanda's done a lot of very good things. uh you know as a percentage of subsaran Africa it's uh not that high but a lot of the best practices now are are coming out of Rwanda which uh surprises ...