July 26 2024
- Nostracanis was right
- Jason moved to Austin
- Have a horse ranch now
- Wiz rejects Google’s offer
- Why?
- Think they can grow it bigger
- OR they think it won’t close in the current regulatory environment
- AT&T SnowFlake incident potentially affected this outcome?
- Google Cloud revenue growing quite a lot
- Tracking almost same as AWS
- Google has lot of cash and free cash flow is growing well - so they’re probably thinking they can grow Cloud business by buying Wiz
- Peter Thiel - in a fast growing business acquisition - “either the buyer pays too much, or the seller sells way too early”
- Wiz doing so well - they could realize a Palo Alto Networks style outcome in a few years
- Crowdstrike outage
- Software update caused machines to get bricked
- Lots of flights grounded coz their companies were using this
- Elon said he’s removing it from all his companies
- Magnificent 7 sell off?
- UBI experiment results
- No real benefits on physical or mental health
- This shows people just get used to spending at the new level
- So its more that change in income that drives happiness, not just absolute income
- Humans want to improve their condition
- In a UBI world no one will be satisfied, thresholds will just go up
- In some ways Covid situation was a giant UBI experiment anyway
- Chamath benefited from welfare (in Canada)
- Brad Gerstner’s idea of Invest America might be better - retirement account for every child in America - when they turn 65, etc - so they are still incentivized to work in their 20s, 30s, 40s, 50s, etc
- Battle for Rupert Murdoch’s TV/News empire
- He wants to preserve it as a conservative political force
- This might be in everyone’s best interests because they are the only conservative catering cable news channel - at least when they started out - if they become liberal now, they will be just 1 of the others and lose market share
- Fox is anyway in a problem with their populism vs neoconservatism
- This is about being picked
- They all have enough from the 21st century Fox deal
- Just sell to a business entity and give the kids the money - don’t harm their harmony
- Joe Biden steps aside from presidential race
- Nostracanis predicted this
- Donors and party leadership played a big role according to reports
- Kamala Harris is the new candidate
- She is the 90% favorite to get democratic nomination
- Not clear what she stands for - TBD where she’s at
- People are being exposed to the electoral process - its not a direct democracy
- Harris has higher upside than Biden because she can campaign
- Biden himself said lord almighty will have to take him out of the race
- Then all of a sudden he’s out
- Kamala’s best path to victory is to win Pennsylvania
- So her VP pick could be Gov Josh Shapiro
- Mark Kelly is another candidate from Arizona
- Roy Cooper is also being rumored
- Josh Shapiro as VP candidate and antisemitism
- Friedberg reports some big company board didn’t appoint a Jewish chair because of purported optics
- The protesters have now won - have intimidated people into eschewing Jewish leadership
- Like a cancel culture against Jews
- There is a large arab/muslim population in Michigan - they are against administration’s support of Israel
- This is why Harris wasn’t fully forthcoming during Netanyahu’s visit
- Michigan is important in the election to hold the blue wall
- Similar concerns happened when JFK ran for president as a catholic
- Sacks vs PG
- Zenefits controversy rehash
- Every accusation is a confession
- China’s nuclear buildout
- US has 1TW vs China 3TW electricity production capacity
- By 2050 US will be 2TW, China will be 9TW
- China is 7-9c/KWH, is 17c or so
- China has more industrial production, its cheaper to power it, its cheaper to accelerate
- 4 generations of nuclear power reactors
- Gen 4 is safer - can’t have nuclear meltdown
- Shandong province reactor - Dec 2023 started functioning - finally working - with pebble bed reactor design - uses Helium - test was successful where they simulated a failure - nothing bad happened - so this is exciting
- This design was proposed in the 1940s
- US should go full on nuclear - else will be left behind
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