All In One Podcast - Bestie Year end award ceremony. Besties Chamath, David Sacks, David Friedberg, Jason Calacanis
The main themes across the various categories of the awards - there were several repeating themes.
On a business, silicon valley leadership level
Magnificant 7 is the biggest winner - each one of them made headlines in their own way and each of their leaders stood out creating a new future for the industries they are involved in
NVIDIA's dominance is AI chip shouldn't be a surprise at all, this is a result of Jensen Huang's long term vision and investment in this new technology market, doubling market cap this year
All Elon companies are making great progress - Starlink, X, Tesla, stunning year for Elon companies
Sam Bank Friedman and his trial featured couple of times. CZ's trial and changes came up only once - showing overall lack of interest from AIOP on the crypto tech
Having said that SOLNA's 10 times increase was heavily featured and a big turn around story
Uber's has doubled its market capitalisation by 100% in the year which was another noteworthy turn around story
Microsoft managing to stay pivoltal roles in multiple industries - AI datacenter enablement, Open API investments, Activation Blizzard buyout. Sterling job from Satya Nadella on all fronts, doubling market capitalisation just in 1 year
Huge turn around at Meta as well after not so successful investments by strong focus on operational efficiencies of the existing businesses - shows Mark Zuckerberg's tenacity
Ivan Igor's leadership was criticised along with slow growth in Disney's business and movie franchises
Taylor Swift's influence on US economy was mentioned here too
VC funding situation is still not clear though the group kept the view that the valuation are super high in valley business and a correction is inevitable
Open AI - how much attention it is receiving despite it being a private company!
On technology level
AI's collective technological innovation is mindboggling.
Gene editing capability for a specific Lukhemia
Open AI leadership saga is still intriguing and more to come as to why the non-profit board did what it did
Brain wave as a modality for the LLMs was one of the biggest innovations of the year
On macro, financial, banking level
US Fed scripting a 3 step cut next year came as a total surprise to the hawkish attitude Fed maintained so far, who says Fed is an independent body, this is all about US elections
There was no particular commentary if the current stock market highs are duly justified
US Treasury providing bridge loans to any bank which may need to cover the bond yield crisis on SVB, Silvergate etc was another form of quantitative easing. AIOP thought tjhat the lack of risk management practices were the most important lesson from this
No conversations on AI taking the jobs and impact on workforce
Huge widely shared concern on US's continually growing debt - despite the COVID coming to an end and the prevailing lax attitudes around
On a political, geo political level
Hamaz attack and the following human tragedy by itself hasn't received much of kind reflections from the group. The commentary was about the level of narrative change since the start of the war groups supporting Hamaz, particularly in Ivy league institutions
Anti abortion legislation is now being formalised including red states
Ban on Trump's candidature for US presidential elections by Colorado State court has only improved Trump's position
De Santis hasn't emerged as a clear alternative to Trump, which makes Trump's position even more stronger
US setting for a clear Joe Biden Vs Trump election which is worrying given how likely civil unrest in either of the outcomes
Zelinski has started losing his support across the board particularly EU leadership, it sounds like he has lost a window of opportunity to come out of the stalemate Urkaine is in with Russia
There was no conversations about Chinese economy or political leadership or Chip war
There was no conversations on US inflation bill or large scale movement of the manufacturing work
There was no conversations on the migration crisis in the UK and Europe and increasing right wing activism
LLM Opensource models which can run in low footprint mobile is one of the most engaging
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