Elon Musk on starting Open AI“I provided all the money, recruited the key people, and taught them everything I know. I actually even got them to deal with Microsoft.And for all that, I did not seek any financial reward whatsoever.” https://t.co/AxT3ZMLJTO ...

Because there are people who say the secret the secret weapon of open AI is that Microsoft could come in there really take control maybe make a few uh a shuffle at the top and the next thing you know everything that you're worried about with with Oracle everything you're worried about with Open AI is taken off the table. Microsoft does prevail and that's your scenario to get out of this situation because things tend to work out in this market. I trust the market and I think that Microsoft right now has to b ...

Now a new wave is rising. Agentic AI systems capable of reasoning, planning and using tools from coding assistants like cursor and quad code to radiology tools like ID do legal assistants like Harvey and AI chauffeers like Tesla FSD and Whimo. These systems mark the next frontier of computing.The fastest growing companies in the world today. Open AI, Anthropic, XAI, Google Cursor, Lovable, Replet, Cognition AI, Open Evidence, A Bridge, Tesla are pioneering agentic. ...

AI Infrastructure & Government Intervention - OpenAI floated the idea of US government backstopping billions in AI investments, but later retracted it [1] - The argument was to build national AI infrastructure to compete globally, implying potential government intervention if the stock market declines [2] - Taxpayer bailouts could incentivize tech companies to take bigger risks, potentially burdening taxpayers if unsuccessful [3] Political & Economic Context - The current administration is perceived to be struggling with the economy, despite claims of economic success [4] - A stock market downturn could prompt government intervention to aid tech giants, especially considering their past campaign contributions and close relationships with the administration [5] Risk Assessment - The scenario presents a moral hazard where tech companies benefit from success but are shielded from failure by taxpayer money [3] - The potential for government intervention is heightened by the administration's perceived need to maintain a strong stock market performance [5]

Dario Amade is 42 and previously oversaw research at what's now a competitor Open AI working under its CEO Sam Alman. He left along with six other employees including his sister Daniela to start Anthropic in 2021. They say they wanted to take a different approach to developing safer artificial intelligence.>> It is an experiment. I mean nobody knows what the impact fully is going to be. I think it is an experiment and one way to think about anthropic is that it's a little bit trying to put bumpers or guard ...

Core Viewpoint - The article argues that the reported GDP of the United States, currently at $29.2 trillion, is inflated due to the statistical methods used, which prioritize financial transactions over actual economic value creation [1][3]. Group 1: GDP Calculation Method - The U.S. employs the expenditure method for GDP calculation, counting all financial transactions regardless of their actual value creation [3]. - Notable examples include the inclusion of ambulance costs and legal settlements in GDP figures, which do not reflect real economic productivity [3]. Group 2: Economic Growth vs. Hard Indicators - Despite a significant GDP increase from $21.5 trillion in 2019 to $29.2 trillion in 2024 (a 35.8% rise), hard indicators such as electricity consumption have only grown by 4.9% during the same period [5]. - U.S. automobile sales have declined from 17.1 million to 16.03 million over five years, indicating a lack of real consumer spending power [7]. Group 3: Price Inflation and Economic Bubbles - The article highlights rampant price inflation in consumer goods, with items like toilet paper and washing liquid seeing price increases of over 100% since 2019 [7]. - The construction costs of infrastructure projects in the U.S. are significantly higher than in China, indicating a bubble in the U.S. economy [9]. Group 4: Stock Market Valuation - The total market capitalization of U.S. stocks has reached $68 trillion, exceeding 218% of GDP, which is significantly above the 200% threshold considered safe by Warren Buffett [11]. - The AI sector alone accounts for $22 trillion of this market cap, driven by a closed-loop investment cycle among major tech companies [13]. Group 5: Comparison with China - China uses a production method for GDP calculation, focusing on the net value of new production, which provides a more accurate reflection of economic activity [15]. - China's GDP grew from $14.4 trillion in 2019 to $18.94 trillion in 2024, with a 31.53% increase, and electricity consumption rose by 42%, indicating a more robust economic growth [17]. Group 6: Economic Stability - The article posits that the U.S. economy is overly reliant on statistical manipulation and financial speculation, which could lead to a collapse of perceived wealth [22]. - In contrast, China's economy is grounded in real production and tangible outputs, providing a more stable foundation amid global economic fluctuations [22].

Elon Musk on starting Open AI“I provided all the money, recruited the key people, and taught them everything I know. I actually even got them to deal with Microsoft.And for all that, I did not seek any financial reward whatsoever. The reason I actually took down the offer for shares is because, I mean, I felt like what are the shares, and why like nonprofits supposed to have shares?” ...

As we close in on the 6 a. m. Eastern time hour, a check on a few of the stories that we are tracking this morning.Verizon is discussing plans to announce job cuts next week, according to multiple reports, with some suggesting as many as 20,000 positions could be cut. That's roughly 20% of the overall company. The Wall Street Journal is reporting Paramount, Comcast, and Netflix are all preparing to make bids for Warner Brothers Discovery.Comcast owns this network's parent company, NBC Universal. Under Armou ...

Government & Policy - US government reopens after a 43-day shutdown following President Trump signing a funding bill [1] - Economic data missed due to the shutdown, including the October CPI and jobs report, may never be released [1] - Supreme Court to hear oral arguments on January 21st regarding President Trump's authority to fire Federal Reserve Governor Lisa Cook [2] Technology & AI - Alibaba is reportedly preparing to overhaul its flagship AI apps to be more like OpenAI's ChatGPT, aiming for fully functioning AI agents [2] Economy & Finance - US is ending the production of the penny after more than 230 years [2]

For more on Oracle and the pullback in the AI trade, let's bring in DA Davidson, head of technology research, Gil Lauria. Gil, great to have you with us. I know you were listening in to our conversation.I mean, in your view, is Oracle some sort of a canary in the coal mine. I mean, is this sort of the cautionary tale um that a lot of these other players will will fall to in terms of, you know, the optimism fading away, the concern about the debt levels growing, etc. >> It's a cautionary tale in the sense th ...