November 7 2025
- Brad Gerstner back!!!
- Sam Altman on BG2 spiciness
- Spicy response to softball question of $13B revenue (reported) vs $1.4T spend commitment
- Response to the conversation seems to have led to AI bear case (microsoft, nvidia, broadcom, oracle, coreweave)
- But other factors could be at play too - Google doing really well (Apple might cede their AI business to them?)
- Market could in general be heading into a risk-off mode (for 2-3 months - back to risk on by Feb) - thinks Chamath
- OpenAI CFO talking about Federal government financial backstop confused folks too
- Sacks clarified there will be no federal bailout for AI
- Power is the real gating issue here - that’s what the real problem is
- Jensen Huang - China is going to win the AI race
- China is doing well - proof is that some Qwen like model was used by Cursor in Cursor 2.0 apparently (they swapped out Anthropic it seems)
- Federal AI bailout is NOT Federal regulations/pre-emption
- CA, NYC, Colorado, Illinois - all blue states are trying to re-insert DEI into AI models and doing ideological capture
- Constitution guarantees national 1 commerce - so AI is affected - Republicans should help with this - not cede this to Democrats
- There is precedence here - CA emissions standards hurt the auto industry by introducing 2 sets of regulations to be compliant to (CA, rest of US)
- (But it did help clean CA’s air - so there was a benefit)
- The reason the Right is dragging its feet here is that they have a knee-jerk reaction to helping the Big Tech companies - how they engaged in censorship during Biden administration and before
- AI is becoming deeply unpopular in America
- Job loss
- Electricity bills going up
- Doomer rhetoric is politically popular
- Seems there’s almost a billion dollars funding astro turfed AI doomer narratives by Dustin Moskovitz, Vitalik Buterin, Yaan Tallinn (according to Sacks’s information from an article)
- China will win the AI race if this happens
- OpenAI challenged by free Gemini and OpenAI launching competing companies using API
- All In Holiday Party with Tony Hinchcliffe in SF
- Market
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Tariffs, Foreign Policy have been acts 1&2 - 3 needs to be domestic policy
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Trump Net Approval Rating down a lot - -13% in November 2025
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Folks see Trump letting the middle class down
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Counter
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If AI was causing job loss then white collar would have been hurt
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Purchasing power going up
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Republicans losing in blue territories because they are not focusing on affordability
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Right is blamed for shutdown because Democrats are leveraging filibuster - if it is not ended by the Republicans - the Democrats will definitely do it - so game theory is if they will do it anyway then the Republicans should end it
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Layoffs for October are highest since 2003
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- Zohran wins NYC
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He won every borough except Staten Island
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Polymarket called it since he won the primary in June
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Highest tax rate in the nation
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Added Lina Khan to his transition team
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(Friedberg predicted the rise of socialism way before Zohran broke through - he did in Jan 2025)
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Peter Thiel predicted this in Jan 2020
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If you want to write off the student loans - you have to reform the system
- Maybe that’s why young folks are not being hired - not AI - they are socialist and not willing to work
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Mamdani win shows blue party become bluer
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He was voted in more by people newer to NY
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Cuomo lost because he’s establishment Democrat
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Mamdani said he will abolish all gifted programs in NYC schools
- Apparently will close Rikers also
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LA county also discussing demolishing a dangerous jail
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- Jason’s Founder University in Riyadh
- Tareq Amin matched Google startup credits for the event
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