Questioning it, asking How does the US government help Intel fix its leading edge node when it's not a money issue. They have no customers and there is a good reason for that. Jordan Extrapolate on that.Yeah. I mean, Intel, in my opinion, has two main issues. One is on the technology side where their leading edge foundry business has struggled to execute at these more advanced nodes and they've lost a lot of potential business and share to TSM, who's executed flawlessly.And the second big issues, you know, ...

Government Funding & National Security - The White House is considering using Chips Act money for a potential equity stake in Intel [1][2] - This initiative aligns with national security efforts, particularly in competition with China, similar to the $400 million preferred equity stake investment in NTP materials, a rare earth company, by the Defense Department [4][5] - The administration aims to achieve onshoring of chip manufacturing in the US [6] Intel's Position & Potential Deal - Intel may receive almost $8 billion, potentially up to $11 billion, in loans pre-agreed [2] - Intel has not directly commented on the reporting but issued a statement generally supporting onshoring manufacturing [6] - The idea of government equity stake in Intel reportedly arose during a meeting between Intel's CEO and the President [6][7][8] Revenue Sharing & Restrictions - Nvidia and AMD would be giving 15% of their revenues generated out of China to the federal government [5]

Customer Service & AI Application - Sierra is experiencing unprecedented customer interest, revenue growth, and customer momentum in the AI-driven customer service space [2] - Sierra is a leader in applying AI to customer service, serving traditional companies like ADT Home Security and Direct TV, as well as fast-growing Silicon Valley companies like Ramp [3] - Sierra's AI agents are solving problems autonomously, with Ramp's agent resolving 90% of customer cases without human intervention [10] - Sierra is conducting hundreds of millions of phone calls and digital chats on its platform annually [13] - Sierra went live with an international retailer in 15 markets in six weeks, automatically solving 85% of their customer service cases [21] Business Model & Pricing - Sierra employs an outcome-based pricing model, charging customers only when it autonomously solves their problems [6] - The outcome-based pricing model aligns Sierra's interests with its customers, as they only pay when Sierra saves them money and solves customer problems [7] Customer Base & Market Position - Over 20% of Sierra's customers have over $10 billion in revenue, and over half have over $1 billion in revenue [9] - Sierra serves a wide range of industries, including health insurance and banking [8] Expansion & Growth - Sierra has opened offices in New York, Atlanta, and London, with plans to expand into Asia [12] - Sierra raised $175 million last year led by Greenhouse Capital [17] - Sierra is open to raising more capital to facilitate faster growth and serve multinational corporations in Europe and Asia [17] Technology & Talent - Sierra focuses on applying existing AI models to solve problems, rather than building frontier models [19] - Sierra is not directly competing for the researchers building foundation models, but acknowledges a competitive market for talent in the AI application space [22][23]

Regulatory Landscape - The company is in disagreement with the FDA regarding the regulation of its Blood Pressure Insights feature, arguing it falls under wellness, not medical device, use cases according to the 21st Century Cures Act [2][3][5] - The company believes the FDA is misinterpreting the intended use of the blood pressure feature, which it argues has wellness applications supported by peer-reviewed research [4][6] - The company has responded to the FDA's warning letter, asserting its compliance with the law and expressing a commitment to continued engagement [9] Product & Innovation - The company has developed Blood Pressure Insights, an innovative feature providing daily blood pressure estimates using a wrist-worn wearable calibrated with a cuff [1] - The company emphasizes the wellness applications of its blood pressure feature, highlighting its potential impact on sleep, stress, and nutrition [2] - The company distinguishes between wellness and medical use cases for blood pressure monitoring, indicating it is also exploring FDA-cleared products for medical diagnosis in the long term [5] - The company highlights that its wearable is one of the first to accurately measure blood pressure from the wrist, and it is accepted in 50 other markets globally [10][11] Business Strategy & Public Relations - The company differentiates its WHOOP 5 data from its medically graded (MG) product by the presence of a medically cleared EKG feature on the latter, which took two and a half years to develop with the FDA [6][7] - The company views its stance as a fight for innovation and Americans' access to health data, believing it will ultimately be seen as being on the right side of history [13] - The company emphasizes the extensive medical disclaimers within its app, clarifying the distinction between wellness and medical capabilities [8]

Business Overview - Parallel is building a new web infrastructure designed for AI agents, recognizing that the current web is not optimized for their needs [2][3] - The company's primary customer is AI agents, aiming to provide them with the necessary tools and infrastructure to access and process information from the open web [3] - Parallel's technology aims to integrate with existing software and workflows, enhancing them with intelligence derived from open web data [8] Funding and Team - Parallel has raised approximately $30 million in funding to build this new web infrastructure [3] - The team consists of individuals who have built key components of the current web, including social networks and marketplaces [6] Technology and Applications - Parallel is developing a comprehensive infrastructure that includes crawling, indexing, ranking, and reasoning systems, specifically designed for AI [5] - The company is working with industries like insurance, where their APIs can improve underwriting processes by combining web data with internal information, leading to better performance and cost efficiency [9][10][11] Vision and Mission - Parallel's mission is to keep the web open and accessible for all AI models, preventing the creation of walled gardens and silos [15][16] - The company aims to transform the open world by reimagining the web infrastructure from the ground up [4]

Digital Asset Treasury & Market Dynamics - The market exhibits a strong appetite for new IPOs and cryptocurrencies, influenced by macro perspectives and interest rate trends [1] - Digital asset treasuries are experiencing significant buy pressure, with approximately $500 million allocated for hyper-liquid assets, including those soon to be listed on NASDAQ [1] - The market faces a potential shortage of ETH due to over $4 billion in treasuries entering the market to purchase it [2] - MicroStrategy's strategy of holding Bitcoin and other assets like Solana on balance sheets as treasury is extending to riskier assets [3] - There's a growing trend of publicly traded entities acquiring crypto assets, even those with limited trading availability [3][4] - The crypto market demonstrates strong demand, with entities raising $300 million to $400 million, even for assets with market capitalization below $1 billion [5] Institutional & Retail Investment - Crypto funds, retail investors, and institutional investors are increasingly participating in digital asset treasuries, seeking exposure to assets like Solana, which lack ETF options [6] - Concerns arise about potential pump-and-dump schemes transferring from the crypto market to Wall Street, questioning exit liquidity [7] - Top banking CEOs are showing interest in cross-chain stablecoins and settlement platforms, indicating potential for widespread adoption [9] - The industry anticipates approximately 20 IPOs of top companies in the next year and a half, including potential stablecoin initiatives from companies like Robinhood, Facebook, and Instagram [10] Investment Strategy & Risk Management - Fundamental investment principles in digital assets remain focused on technology and scalability [12] - Institutional adoption and the ability for founders to integrate solutions with top banks are crucial factors [13] - The digital asset treasuries trend is expected to continue, driven by increasing demand from Hong Kong, the U_K_, and other European and Asian markets [14] - Due diligence is essential to assess the tradability and future potential of digital assets [11]

Marc's reporting moves the needle. Right. We know that this tabletop robot will be the centerpiece on the hardware side. We know that Siri will be made more lifelike.Has this changed things for you, Dan, in what you're modeling for Apple and the kind of comeback that many think the Apple needs to have in the air domain. But given their age, our strategy has been a disaster. And, you know, it's if you look at every other big tech company, you know, Apple is massively behind.And I think when you look at this ...

Start with the focus. What can we expect. You know, Apple is a hardware company, right.All these companies charge LPT, Google, Gemini, Microsoft. They have all these AI features. But from a consumer standpoint, it really hasn't been monetized.How how does Apple monetize its products. Well, by selling hardware or getting people to go to Apple stores and buy new stuff every year or two. And so they're going to replay that strategy when it comes to artificial intelligence.And the way they see AI is by integrat ...

Space Industry Development - ULA's Vulcan rocket successfully completed its first national security mission, marking its third launch overall [1][2] - Vulcan rocket received certification in March after addressing a minor issue on its second flight, paving the way for future national security missions [3][4] - Europe's Ariane six also completed its third mission, aiming to reduce reliance on SpaceX [1] - Both Vulcan and Ariane six are positioned as competitors to SpaceX's Falcon nine in the launch market [5] - Falcon nine has held a de facto monopoly in its class for several years [5] - While Vulcan and Ariane six offer more options, they face challenges in matching Falcon nine's launch cadence [6]

We heard in that conversation with Scott Bessen that maybe this does apply to other industries. Maybe. Will this be a pay for play.More broadly, what do you make of it. You could figure out how to read the U.S. and Chinese government relations between, you know, what they say and what they all do. Please, please keep me enlightened and inform me where it confuses every other viewer that you listen to.I do think both of these countries leaders fully know that they need to work together. You know, 150% tariff ...