May 23 2025
- All In Summit
- Bond market chaos
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Weak bond demand
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10 year yields spiked
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Govt sells bonds to fund its activities
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Crazy debt projections 😟
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Market does not want to buy debt from government
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Big beautiful bill is the anti-DOGE
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Worst case for financial situation
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Bill passed 215-214, 1 person slept on the floor and didn’t vote
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Gold and BTC spiked
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US downgraded
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Bill favors traditional republicans and traditional democrats
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Energy prices will spike, AI energy generation will be harder
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Fed might increase interest rates
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Republicans abandoned DOGE
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Tax cuts are good at least
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Better border security
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What is happening in Japan currency/bond markets might lead to $1T sale of US treasuries
- This could devalue the dollar
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This bill will hurt the US economy
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US politicians don’t want austerity
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President doesn’t have enough power over spending
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People vote for Republicans to cut taxes and cut spending - they did 1 out of 2 this time
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- Google I/O
- AI mode
- Ultra pricing with ~$250/mo
- Google seems to be embracing the old Google Labs effort - brought it back last year after it went away in 2011
- Just need to embrace AI shift sooner rather than later
- Don’t get flat footed caught by OpenAI
- OpenAI buys Jony Ive’s io
- AI Diplomacy in the Middle East
- Elite leadership in these countries seem to be visionary and western educated
- These countries can spend a lot of money
- Biden administration hampered their efforts towards AI progress
- Sacks helped establish new framework
- Matching AI spend from these countries in US and middle east
- 80% of compute has to come from american companies
- Jensen Huang is against export controls
- These countries will invest more over the next 30 years than university endowments and pension plans, etc
- All the more weird that Biden admin alienated these people
- Important to box out China
- CRISPR breakthrough
- Unique case of a recently born baby that inherited same mutation from both parents - could have been fatal
- Affects CPS1 protein
- Inherited both As instead of Gs
- Had to change the A to a G
- Used guide RNAs
- Cured the child (so far - fingers crossed)
- American energy production
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Abundance axes
- Food
- Automation
- Longevity
- Energy
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If we add 1TW of energy per year then we don’t need to worry about the debt
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China is adding an entire US every 18 months - additional to their grid (solar, hydro, etc)
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This graph is more important than the budget deficit graph
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Robotics will explode
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This generation’s manhattan and apollo project is energy
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