Read the supporting quotation · BG2 Pod · 2025-10-31
“Tech companies are investing over the course of the next four or five years, it's about 10 times the size of the Manhattan Project on an inflation adjusted or GDP adjusted basis.”
Gerstner observes import prices rising slower than domestic goods, opposite of expected tariff impact. [2]
Read the supporting quotation · BG2 Pod · 2025-07-31
“Import prices have been going up at a slower rate than domestically produced goods. Okay, so this is the exact opposite of what you would have expected from tariffs.”
FROM THE RECORD · 106 matching entries · 2023-06-16 to 2026-06-15
What does the record say about nvidia?
Selected points from existing editorial summaries and source excerpts. This covers the material on this page.
1
Gerstner says AI capex jumped from $150B in 2023 to over $500B this year in committed purchase orders. [1]
Read the supporting quotation · Altimeter Capital · 2026-01-07
“In 2023, these companies spent $150,000,000,000 on capex building out data centers. This year, over 500,000,000,000. That's not speculative. That is purchase orders. Those are buildings.”
Gerstner says NVIDIA generates $4M revenue and $2M profit per employee, unprecedented efficiency. [3]
Read the supporting quotation · BG2 Pod · 2024-10-13
“You know NVIDIA is in a league of its own really, know, at about 4,000,000 of revenue per employee, about 2,000,000 of profits or free cash flow per employee.”
FROM THE RECORD · 88 matching entries · 2021-04-17 to 2026-07-06
What does the record say about invest america?
Selected points from existing editorial summaries and source excerpts. This covers the material on this page.
1
Gerstner announces Invest America accounts launching July 4th with automatic $1,000 for every newborn. [1]
Read the supporting quotation · Altimeter Capital · 2026-05-05
“Starting in, on July 4, just sixty days from today, every child forevermore born in America will start off with an investment account at birth, automatic, stapled to their Social Security with a thousand dollars in the S and P 500.”
Gerstner announces that starting Saturday, every American child born will receive a $1,000 S&P 500 account at birth. [2]
Read the supporting quotation · Altimeter Capital · 2026-07-02
“The idea that starting this Saturday, every child born forevermore forevermore in the history of America will get an investment account at birth, seeded with a thousand dollars in the S and P 500 that will compound for their lifetime.”
FROM THE RECORD · 79 matching entries · 2023-03-03 to 2026-07-02
What does the record say about openai?
Selected points from existing editorial summaries and source excerpts. This covers the material on this page.
1
Gerstner contrasts OpenAI's $13 billion revenue with its $1.4 trillion compute commitment over four to five years. [1]
Read the supporting quotation · BG2 Pod · 2025-10-31
“OpenAI's revenues are still a reported $13,000,000,000 in 2025. And Sam, on your live stream this week, you talked about this massive commitment to compute, right? 1,400,000,000,000 over the next four or five years”
Gerstner forecasts OpenAI could reach $5-10 trillion valuation as the AI winner in consumer and enterprise. [2]
Read the supporting quotation · BG2 Pod · 2025-06-21
“right, 5 to $10,000,000,000,000 business in the fullness of time, which frankly would not surprise me for the winner in the age of AI, right? The winner in consumer and a big company and enterprise,”
Gerstner views OpenAI's $85B valuation with capped upside as poor risk-reward given few companies exceed $100B durably. [3]
Read the supporting quotation · Elad Gil · 2023-11-09
“I can then plot a distribution of likely outcomes. How many companies have ever in the history of Silicon Valley been worth durably more than $100,000,000,000”
Gerstner forecasts OpenAI could reach $5-10 trillion valuation as the AI winner in consumer and enterprise. [3]
Read the supporting quotation · BG2 Pod · 2025-06-21
“right, 5 to $10,000,000,000,000 business in the fullness of time, which frankly would not surprise me for the winner in the age of AI, right? The winner in consumer and a big company and enterprise,”
FROM THE RECORD · 56 matching entries · 2020-06-23 to 2026-01-07
What does the record say about google?
Selected points from existing editorial summaries and source excerpts. This covers the material on this page.
1
Gerstner reports Google inference generation increased 100x in a year, from 9 trillion to 980 trillion tokens monthly. [1]
Read the supporting quotation · CNBC Television · 2025-08-28
“A year ago, Google per month was doing about 9,000,000,000,000 tokens a month in terms of inference generation, right, compute generation. Today, it's 980,000,000,000,000 tokens.”
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Replying to Brad Gerstner
Killer team on a mission to make US manufacturing the best in the world. More resiliency & productivity is grt for Team America. 🇺🇸🚀 https://t.co/Ftcg15seCm
We started Arda in 2025 to speed up American manufacturing. We have spent the last year building with Anduril as our design partner. Today we are launching the company publicly on CNBC and announcing our Series A: $160M at a $1.5B valuation.
Our platform helps manufacturers
Killer team on a mission to make US manufacturing the best in the world. More resiliency & productivity is grt for Team America. 🇺🇸🚀 https://t.co/Ftcg15seCm
Hey @elonmusk, you’ve pledged one share of SpaceX to every kid in America next year. What if the rest of us helped make it two?
Now that $SPCX and $TSLA earnings are behind us, I want to try and get this on your radar.
Could there be a fund where shareholders donate $SPCX https://t.co/IePQzVUylt
Jensen does NOT support Prop 40 or the wealth tax. I have discussed this with Jensen & the reporting is untrue. What he has said is that IF the tax were to pass - he would stay & pay it. He loves CA & will pay his taxes but he too is worried it could negatively impact CA. 🇺🇸 https://t.co/Ax1uXZC1ti
Back in NYC for @RobinHoodNYC stopping by @CNBC to talk all things AI, @TrumpAccounts / Elon gift, @SpaceX record earnings & wild AI compute forecast, Tesla / SpaceX merger, Anthropic IPO & more. 📈🇺🇸 @andrewrsorkin @BeckyQuick @JoeSquawk https://t.co/DJl3B8HxQ3
God bless @altcap for his passion, determination and hard work to ensure that every child in America has a share in America’s future @TrumpAccounts @CNBC
🇺🇸 https://t.co/vKt5FgjUOw
@altcap @JordanSchachtel @altcap am I correct that they won’t actually hold that stock though?
I was under the impression trump account didmt let you hold individual stocks
So in my mind the value of the starlink stock would be sold and converted to the fund that Trump accounts use.
Or is this not
Is 50 GW in a single year too aggressive?
"Dear Brad called us out publicly and cut our forecast in half."
So Jeremie (@JeremieEO) and Reyk (@robotknower) came on with Jordan (@JordanNanos) to show their work. They go site by site from satellite and explain why haircutting the https://t.co/xPW9F8ZUf8
@SemiAnalysis_ @JeremieEO @robotknower @JordanNanos U guys do great work. Fun to chop it up w @dylan522p at our AGM this week. After listening to the @elonmusk call, your convo, & my Jensen pod last week - our forecast likely trending higher. 🧐📈
Back in NYC for @RobinHoodNYC stopping by @CNBC to talk all things AI, @TrumpAccounts / Elon gift, @SpaceX record earnings & wild AI compute forecast, Tesla / SpaceX merger, Anthropic IPO & more. 📈🇺🇸 @andrewrsorkin @BeckyQuick @JoeSquawk https://t.co/DJl3B8HxQ3
@altcap @JordanSchachtel The Invest America Act is one of the greatest pieces of American legislation.
Thank you for getting this done. My baby girl coming any hour now will be very grateful.
You’re still my favorite pod bro even though you dumped on retail😂
@altcap @TrumpAccounts @altcap Once a kid receives a share of SpaceX, can s/he trade within the Trump account? I think it sends a powerful lesson about holding and compounding if they can't!
@paulcheng2046 @TrumpAccounts No trading. The holding period is 5 yrs. If you choose to sell after 5 years the cash proceeds automatically get reinvested back into the S&P 500 index fund.
CNBC is complaining about Elon's pledge to give every American child one share of SpaceX stock.
Since they will be deposited into Trump Accounts, kids won't be able to sell them right away. CNBC says that's bad.
No. It's the whole point of Trump Accounts. It's good. https://t.co/4Fd5zCPjLE
@JordanSchachtel As the architect of the Invest America Act - you are correct - this is a feature not a bug. By requiring the stock to be held for a reasonable length, we unlock massive philanthropy for the children who need it most. And the holding period is balanced according to age. If you
@CNBC This is a feature not a bug. By requiring the stock to be held for a reasonable length, we unlock massive philanthropy for the children who need it most. And the holding period is balanced according to age. If you are 17, your lock up period is less than 1 yr. If 16, less
.@SocialSecurity is informing parents about how to activate their newborn child’s Trump Account and claim the $1,000 contribution from @USTreasury.
Nearly 70 million @TrumpAccounts are now open and tens of millions are already funded!
https://t.co/UTuAr7UERB
This is a game-changer and I’ll lead the bill in the Senate to make it happen. Trump Accounts are already transforming lives for families across America. Raising the age limit will give hardworking Americans powerful new tools to buy homes, wipe out student debt, and invest in https://t.co/33Efw2xVHX
Kids used to get savings bonds from grandma.
Now they get rocket equity from Elon.
The most American wealth transfer in history. https://t.co/za0JduoB3o
Elon Musk teases massive SpaceX giveaway: “First of many”
Elon Musk says every kid in America will receive one SpaceX share starting next year, calling the plan just the beginning. https://t.co/89sesUyxrx
As I head to Europe for GTC Berlin, I keep coming back to a question: what good is building the future if our children don’t have a stake in it?
As a father of three, this is personal. I want my kids to grow up knowing they can help build something and own a piece of it. But https://t.co/I3BoJEeckQ
Brad Gerstner, architect of Trump Accounts:
70% of families in America don't have an investment account — they do not have skin in the upside of America...
This is going to be solved in one of two ways: you're either going to get bigger government programs, more fighting for https://t.co/IicuVx9WNV https://t.co/GQB2msQJmt
"A BIG THANK YOU to our legendary friend, @elonmusk, for his incredible generosity in giving SpaceX Stock to millions of American children through TRUMP ACCOUNTS! This is exactly what was envisioned when we created TRUMP ACCOUNTS" - President Donald J. Trump 🇺🇸 https://t.co/uohzH7CDSq
This is a game changer for ALL children with @TrumpAccounts.
Thank you, @elonmusk, for your incredible generosity and investment in America’s youth. 🇺🇸 https://t.co/pJDA59ApVK
@frankjbisignano @TrumpAccounts @elonmusk And thx Frank for your incredible leadership. Still Day 1! Every child a direct shareholder in the upside of America forevermore! 🇺🇸🚀
Donations to Trump Accounts are awesome b/c it is easy.
have a super streamlined default makes ppl more likely to be charitable.
right now, crazy as it sounds, if you want to give away $1-10 billion...it's a lot of work! create a foundation, hire staff, pick objectives...etc https://t.co/jhcX0oQeCo
let’s have some perspective here, @altcap
even if Elon actually carries through with this (not a guarantee) he will have given away less than 2% of his fortune, which is an order of magnitude less than Bill Gates has.
in absolute dollars it would be a fifth of what Buffet has https://t.co/0QtphkDBfW
@GaryMarcus Its ok - I like the motivation - this is Day 1. Tons more to come. Eventually you will see that giving every child hope & opportunity through direct ownership is the most powerful force for good. 🇺🇸🤍
@elonmusk @gjurvetson @TrumpAccounts This is a re-founding moment for America. Defending the magic formula of the last 250 yrs through universal direct, private ownership while France burns under the unchecked weight of excess dependency. America wins bc we balance reasonable taxes w freedom, growth & charity. 🇺🇸🚀
Fun story. I was talking to @altcap in 2020. We were chatting about lack of financial education among kids. Told me about his idea for Invest America accounts.
"I want to do more than education - I want to get a snowball rolling where kids are actually invested in the market." https://t.co/vbeXv8mcZn
@jrichlive Day 1. This is a re-founding moment for America. The stakes are clear. Defending the magic formula of the last 250 yrs through an ownership society of shared prosperity while France burns under the unchecked weight of a dependency society. Wvery child an owner forevermore.
Wow @altcap. When you first pushed for @InvestAmerica24, I bet in your wildest dreams you could not have predicted its enormous success.
Bravo, Brad! https://t.co/S8fAoWLqzF
@russell_m @InvestAmerica24 Actually this was the exact dream. Founders always have irrational optimism. But mind blowing momentum nonetheless. This is another key moment - but still Day 1. Huge announcements in the wings. The ownership society is on the march! 🇺🇸🚀🤍
@MichaelDell @elonmusk Mega thanks for the incredible generosity here.
Thank you Michael, Susan, and Elon for giving every American child a chance to participate in the American dream, and some skin in the game.
@altcap your leadership here is beyond inspiring.
❤️🚀🇺🇸❤️
Teaching kids…
American innovation.
American capitalism.
Think of what this will do for their interests and inspiration.
LFG! 🚀 🇺🇸 https://t.co/4CQi3A4hAs
One of the biggest risks with our ai boom has been the unequal nature of the benefits- winners and losers. Giving the public shares to participate in the ai revolution is a huge step toward addressing how unpopular this technology is and gives everyone a stake in its success https://t.co/IoAjRTyav2
Elon Musk to donate one @SpaceX share to ~72 million kids in America in 2027, currently valued at $10.5 billion, presumably through Trump Accounts.
Every kid in America will then have a direct stake in a company whose mission is the most ambitious in human history: to make life https://t.co/9HWXANAFdI https://t.co/1CY1gqLix3
@SawyerMerritt @SpaceX Every child forevermore a direct shareholder in America. That was the promise of the Invest America Act! Elon is a game changer as always. $11 B today & he said “this will be the first among many!” 🇺🇸🚀
🚨 ELON MUSK IS GIVING EVERY KID IN AMERICA A PIECE OF SPACEX.
His words: "Next year, I will give one of my SpaceX shares to every kid in America. This will be the first of many."
That's just over 72 million kids. At Friday's close of $146.03 a share, it comes to roughly $10.5 https://t.co/ZrTeD20FVq
@GuntherEagleman Every child forevermore a direct shareholder in America. That was the promise of the Invest America Act! Elon is a game changer as always. Huge today & he said “this will be the first among many!” 🇺🇸🚀
Elon Musk will go down in history as not only one of the best Innovators in World History but one of the most generous Humans in history as well. https://t.co/qWjHY0WTSi
@MichaelDell @MattLira @elonmusk Imagine every child being an owner & watching the incredible Starship launches! This was always the dream of the Invest America Act - all the kids who feel left out & left behind now compounding as direct owners in the upside of America! 🇺🇸🚀🤍
It's worth watching very closely how all this goes down in the coming years.
Because what Elon is doing here is basically the other side of the coin that Mamdani is on. AI/Robotics are deeply wealth concentrating technologies. Inherently.
Either the wealthy decide for https://t.co/rLNfUccSG1
Mammogram for the Heart free @AltimeterCap annual meeting. Soon enough we will make this the new natl standard saving 10k + lives & billions per year! Take yours now - $150 & 15 mins to avoid becoming a statistic of the #1 killer in America. 🤍🤍 @American_Heart @DrOz https://t.co/eTxJt4IW5m
I commend Anthropic on their philanthropic commitments in lieu of a founder equity IPO grant. It is an extraordinary gift - but also understand concerns about foundation wealth concentration. Like Elon - I hope a meaningful portion of AI’s wealth is a direct dividend. https://t.co/pZGMSUbuzM
The most significant line for me is "direct distributions to specific populations." It sounds to me like they are planning their own form of self-directed global UBI. About half of Anth employees are also donating shares into this fund. They foresee a transformative future. https://t.co/uijSXnsqu6 https://t.co/hVahpcjo1P
@altcap @AltimeterCap @SBA_Kelly @SBAgov I’m a teacher, like so many others struggle to both save for myself and save for my child. Got the Dell’s gift for my son and am so thankful… how can we expand to help teachers and public employees whose employers can’t do this?…. Thanks for all you’ve done and continue to do!
@pjmosko @AltimeterCap @SBA_Kelly @SBAgov Love the idea of sponsoring bonuses for kids of our country’s teachers & military families - stay tuned! 🇺🇸🤍
Are you a small business? You can donate to all of the kids of your employees TODAY! Just have parent claim their kid’s free, lifetime stock acct - and then zap the $$ in. Keep a record for your biz expense. Altimeter did this for our 50 kids & people loved it! 💰🚀 https://t.co/dY3ixk7FW6
Every child compounding in the upside of America. 70 M kids have free, lifetime accounts open. Every business - big & small - should add a bonus to the acct - any amount helps! 🇺🇸🤍https://t.co/Q1AJ79wrBo https://t.co/jxIQALYkah
Dave Regan wants to attack innovation, success & the American Dream in order to fund his healthcare fraud in CA. And then export his socialist agenda around the country. That has never been the American Way. We win when we grow the pie & include everybody in the upside! 🇺🇸🚀 https://t.co/3P8WgVkxSY
@altcap @AltimeterCap @SBA_Kelly @SBAgov turning payroll into a tax-deductible gift for your employees' kids is genius. forget the pizza party, fund the brokerage acct. $SPY
Are you a small business? You can donate to all of the kids of your employees TODAY! Just have parent claim their kid’s free, lifetime stock acct - and then zap the $$ in. Keep a record for your biz expense. Altimeter did this for our 50 kids & people loved it! 💰🚀 https://t.co/dY3ixk7FW6
Yup, it's the top! Brad Gerstner was on CNBC an hour ago shilling AI, when an unexpected question came up.
"I did... uh... uh... uh... a presentation about a month ago... our exposures are the lowest they've been in 3 years"
Meanwhile, he just sold most of his AI investments 🤥 https://t.co/P3SZx6Q1SE https://t.co/gg0pGnlg2j
@FinanceLancelot @CNBCFastMoney Receipts. Also said it 2x on CNBC. I remain very bullish on AI - but the job in public markets is to recognize that sometimes the market gets ahead of itself. The next leg higher will likely occur when AI revs re-accelerate. 🧐🤷♂️📈 https://t.co/oCmsBl0r0t
CNBC in SF. Co-hosting w Wapner at 9 am PST. Will cover all things AI. Two truths - AI is accelerating & impact will be largest in history of tech - but market predictably struggling to gain confidence on pacing of AI revs relative to capex. 🧐📈 https://t.co/gbISyFyCED
CNBC in SF. Co-hosting w Wapner at 9 am PST. Will cover all things AI. Two truths - AI is accelerating & impact will be largest in history of tech - but market predictably struggling to gain confidence on pacing of AI revs relative to capex. 🧐📈 https://t.co/gbISyFyCED
Pod up! Some good nuggets on lab revs, Nvidia supply unlock, AI capex & millions of Nvidia agents to employees as we enter the singularity & recursive flywheel starts spinning. 🧐🇺🇸🚀 @JensenHuang @BG2Pod https://t.co/KQ95EUE1DM
Because of Michael and Susan Dell’s generosity, millions of children will have an opportunity to begin building wealth and benefit from the success of the American economy.
Instead of hearing that capitalism is something to be ashamed of or the stock market is just for rich https://t.co/wF78f0D8nD
@altcap Love that you’re doing this for the next generations. I hope there’s a way for them to see who contributed so you will get many thanks in the next two decades! https://t.co/eDm4bFfFeV
Excited to build Bumble’s next chapter with @GuptaRK22 , @johnwhegeman and the Ithaca team. I founded Bumble 12 years ago on the belief that meaningful human connection makes life better. In a world increasingly shaped by technology, we believe that mission is more important than https://t.co/oEEBrNZu4e
Michael and Susan Dell just gave $6.25 billion directly to 25 million American kids: $250 each, invested in the stock market through Trump Accounts.
Add $100 a month until age 18, and that $250 becomes $1.2 million by retirement.
At the market’s historical 7–10% average:
By https://t.co/we8GuVsjlt
All true & extraordinary. Susan & @MichaelDell were also critical Partners to me to get the law - the Invest America Act - passed in the first place! They & their team work everyday w me & the Invest America Foundation to build a world class app, get every child auto enrolled, https://t.co/b1rl9SwLsM
Today we announced an agreement to acquire Bumble.
Over the past six months, we’ve looked at hundreds of companies, asking which businesses would become more valuable as AI advances.
Bumble stood out.
As intelligence becomes more abundant, we believe connecting with the
A child born in 2026 could have more than $300,000 in a Trump Account by age 18, according to White House projections. Starting early gives compound growth time to work. Helping more young Americans build assets is how we expand financial opportunity.
https://t.co/brKYd6301d
Truth. Close the wealth gap & align every child w the upside of American capitalism. The Invest America Act makes every child an owner of capital forevermore. A new birthright. Your kid’s acct is already open & likely has $$ - claim it now! 🇺🇸🚀https://t.co/Q1AJ79wrBo https://t.co/uswgPoXgu8
Thrilled to announce @DealBook Summit lineup on Nov 18. Please join us!
JD Vance, v.p. of the United States
Mark Carney, prime minister of Canada
Sam Altman, OpenAI
Hailey Bieber, Rhode
Greg Brockman, OpenAI
Shayne Coplan, Polymarket
David Ellison, Skydance
Adena Friedman,
Cheeky Pint is back! Mark Zuckerberg @finkd and Alexandr Wang @alexandr_wang came to the pub to discuss their new frontier model, Muse Wonder.
00:00:24 Muse’s breakout use cases
00:07:28 The model is the product
00:14:35 Muse Wonder
00:24:56 How frontier models are built https://t.co/X3lrKFIaPs
Children are 25% of our population, but they are 100% of our future.
Trump Accounts invest in our youngest Americans, giving them a financial boost during their earliest years. 70 million American children are now eligible all thanks to the Working Families Tax Cuts!
Learn https://t.co/6ICAZu2Czq
@slamen13 Give it a try - our family will be contributing to a lot of QR codes tonight over our Sunday night dinner. I can’t promise that we’ll get to all of them - but it’s a fun new tradition as we pass the phone around the table. 🤍
Baby’s 1 year birthday party yesterday
Instead of presents
We added a QR code to her Trump Account
Her future self thanks everyone https://t.co/LQYUa7rt93
This is the way - post your baby’s QR code for the bday party! Happy 1 yr bday Baby Jones! Send me the link so we can join the celebration! 🎁🤍🇺🇸 https://t.co/IPh8buGZ1H
The Lubavitcher Rebbe’s lesson about charity:
Don’t wait until you have a lot of money to give. Give small amounts, often.
Giving is like a muscle. The more you exercise it, the stronger it gets.
Every small donation builds the habit of generosity and reminds us that what we https://t.co/GyMA0WXwUg
Give a Sunday gift. Ask a friend for their kid’s QR code & drop $10 into their stock account. Huge philanthropy is great - but we want millions of people donating small $$ as we build the movement. Almost 1 M new accounts claimed in the last week! 🇺🇸🚀 https://t.co/Q1AJ79wrBo https://t.co/tL3jzEAxMf
Give a Sunday gift. Ask a friend for their kid’s QR code & drop $10 into their stock account. Huge philanthropy is great - but we want millions of people donating small $$ as we build the movement. Almost 1 M new accounts claimed in the last week! 🇺🇸🚀 https://t.co/Q1AJ79wrBo https://t.co/tL3jzEAxMf
We’ve continued to receive many very sweet notes from parent, grandparents, aunts, uncles and even some great grandparents 🥹🥰🇺🇸 https://t.co/NJm70npSGU
@MichaelDell @stevesi This is the best of America! Families just want a shot for their kids - a free investment acct that compounds for life - and you & Susan’s seed capital to 25 M kids is a game changer! Ask a friend for their kid’s QR code & donate $10 today - u will feel amazing! 🇺🇸🚀
This is everything I admired about America as a teenager growing up in France.
Michael Dell starts a company at 19 in his dorm room with $1,000, becomes a billionaire, then he and Susan commit $6.25 billion to give 25 million American children their first investment.
I remember https://t.co/XZDTaPjEs3
Moonshot coming. Get your CAC scan - $150 & 15 mins can save your life from the #1 killer. Heart attacks are a dumb way to die! ❤️🇺🇸🚀 https://t.co/S8Xw2uLP1r
I’m struggling to see how anyone could have read this article with the takeaway that the $70B was a year end forecast and not present ARR @altcap
“OpenAI's annualized revenue run rate has grown more than 70% since the beginning of the third quarter, reaching almost $70 https://t.co/eiY7o9dFZx https://t.co/4EemcPQFSt
@negligible_cap I said that poorly - I agree w your point. I am just saying that anybody following OAI closely would know that this was more likely end of year run rate rather than end of Q3 & that the reporting was wrong.
FT now saying OpenAI told them that the $70B was net revenue
I think OpenAI leadership has some explaining to do https://t.co/GUAl4aAmal https://t.co/OPYRsbllGp
@negligible_cap There is near zero chance anybody on the finance team at OAI said $70 B was “net revenue.” This is shit reporting & CYA by @FT. I didn’t correct it bc it was so obviously end of year not current run rate. Pretty common knowledge had FT bothered to ask around. 🧐
One year ago today, on October 9, 2025, we reached an agreement on President Trump’s 20-point peace plan for Gaza many believed impossible.
After two years of devastating war, the agreement created a path to reunite hostage families with their loved ones, bring security to
Happy Friday! Never been a better time - ignore the doubters - keep building! Another banger @BG2Pod with @JensenHuang dropping next week! 🇺🇸🚀 https://t.co/QmHwtXZXaa
.@DanielLurie delivers a massive dose of common sense on @CNN:
“We got so entrapped in our progressive values...we weren’t taking stock of what was happening on our streets.
“We had 810 people die of overdose in SF 3 years ago. There’s nothing progressive about that.” https://t.co/NU1ZPJFCr7
“This is the most generational thing we’ve done for youth,” says IRS chief Frank Bisignano on Trump Accounts: https://t.co/HWew52tuki https://t.co/EWNtuxkxn2
@SquawkCNBC 70 millions free, lifetime stock accounts for every citizen under 18. Every dollar you add goes right into the S&P 500. NONE of these people would have otherwise been compounding in the markets! This is how we solve the wealth gap & reconnect people w the American Dream!🤍🇺🇸🚀
Promise made. Promise kept.
By tomorrow, 25 million American children will have our gift of $250 in their accounts.
$6.25 billion. Invested in kids. Compounding for decades.
If you have a child under 18, claim their account and see how much is in there now.
$250 is only the https://t.co/kglPupOy95
What puzzles me about French economists like Gabriel, as well as Emmanuel and Tomas, is the zeal they bring in trying to convince Americans that they have to implement a French model that is focused on redistribution rather than growth, because every indication we have suggests https://t.co/58WWKg6YtF
It’s not socialism for people to voluntarily contribute stock to the accounts of kids. It’s a great form of philanthropy that can help young people build wealth. https://t.co/214sfqkiFZ
We show how you can use the River API to fine-tune open weight models to beat GPT-6 Astra and Claude Opus 5.5 on tasks you care about, with less than 1% of the cost!
A few years from now most of the LLM usage in the world will run on customized open weight models. Building your https://t.co/cVlvngxXHB
Every child deserves the chance to live his or her American Dream. Trump Accounts are helping to make that hope a reality.
The more savings our children have now, the more doors they will unlock in their futures! https://t.co/H0bjrhL6RJ
I had a great moment today with my granddaughters (9 and 7) who came to tell me that they and their brother (2) each had $250 in their Trump accounts. This is a great time in the U.S. Thank you, @MichaelDell and @altcap
@NickTimiraos @altcap You are 100% right. @altcap fails to point out that the donors receive an income tax deduction -- something that's in the article. Crafty SOB. The Treasury rule change is an atrocious astroturfing invitation.
@Ms_Anne_Throp @NickTimiraos Every philanthropic gift in the country gets a charitable deduction. These are treated the same. Because as a society most of us want to encourage giving. 🤷♂️🤍
The WSJ puts a negative spin on this Treasury rule re: Trump accounts, but I’m not sure why. The fact is most extremely wealthy people have huge portions of their wealth in stocks.
Allowing donation of stocks directly into the accounts of kids will dramatically expand the https://t.co/DmK7yEgvT5
"The initial rollout of the program encouraged children to be invested broadly in American companies. The latest shift ties kids’ wealth building directly to the fate of particular companies, depending on who donates."
"Under the rules that took effect last week, charities
@NickTimiraos Hey Nick - let’s have a roundtable, fireside, or other convo on this. I can’t believe there is actually any daylight between us?! This is the most profound effort ever undertaken to close the wealth gap. We have massive bi-partisan philanthropy targeting the lowest income
Today, every eligible Hoosier child, and every eligible child across America, has been automatically enrolled in a Trump Account.
They're now shareholders in this country. Forevermore.
Hoosier families, download the app to learn more and get ready to manage your kids' accounts https://t.co/is9OkFLJOa https://t.co/0YAcQi41BL
Today is an important day for Trump Accounts.
When I wrote this legislation, we had a simple goal: every child in America should have the opportunity to begin life with an investment account and a stake in the extraordinary economic engine that is the United States of America. https://t.co/5Sziij8NvB
The Trump administration’s recent changes to Trump Accounts could come under fire from the next Congress if Democrats win a majority.
https://t.co/1EoMCjivLD https://t.co/yEbP8uLDgq
@semafor Very bad take. Broad legislative intent & authority to receive public stocks as gifts. Wait until each kid gets a share of SpaceX stock?! The index requirement only applied to cash not philanthropic gifts. Can’t wait to see an argument how free SpaceX stock damages kids. And
@patrick_oshag @altcap @altcap is an American hero and TAs will go down as the shrewdest US benefits program in the history of our country. FDR is tipping his hat from his grave.
How do we give more kids a stake in the American economy?
@MattLira explains to @GroverNorquist why America’s vibrant free-market economy still needs more on-ramps for kids to learn how to invest, save, and get started.
That’s the idea behind Trump Accounts. https://t.co/i5yUOzLcp7
The TomorrowX Summit lineup keeps getting bigger. Ten new names joining us in Austin this November 17-18.
Just added:
Lip-Bu Tan (@Lipbutan1): Intel (@intel)
David Sacks (@DavidSacks): Craft Ventures (@craft_ventures)
Brad Gerstner (@altcap): Altimeter (@AltimeterCap)
Dina
I started this podcast a year ago. It’s been the best year of my life.
Thanks to everyone for watching and to every guest for the incredible conversations 🫡
In order by appearance:
Daniel Ek
Michael Dell
Brad Jacobs
Todd Graves
Michael Ovitz
James Dyson
Patrick https://t.co/rM1fq4d07F
@davidsenra @FoundersPodcast Congrats. Epic work. My 15 yr old son @JackGerstner_ is listening to all of them & then we discuss & debate. Thanks for bringing these insights & amazing stories to the world. 🙏🤍
Will the Democratic Party stand with the donor class, or with the working class?
Are we going to stand with 250 billionaires in California, or with poor kids who need healthcare?
150,000 healthcare providers could lose their jobs.
People call them a “special interest”- I call https://t.co/zn8GwMuZpS
@RoKhanna Amazing how much you actually ignore the working class you claim to represent. See below - why do you hate the ironworkers so much? Why do you call teachers, firefighters & Planned Parenthood ignorant for opposing Prop 40 while you sit on your hundreds of millions? 🧐🇺🇸 https://t.co/Uu1OuNRIjj
@JWCheeseburger @InvestAmerica24 @WhiteHouse @TrumpAccounts We are not done (will never be done) just hard to keep up w all of you guys! Love your passion for your kids! 🇺🇸🤍
National Governors Association Chair Maryland Governor Wes Moore and Vice Chair Indiana Governor Mike Braun today issued the following statement regarding 530A Accounts Auto-Enrollment https://t.co/BPx9copXaK
Imagine a better future & then build it. Every child a shareholder. A free, lifetime investment account that compounds for life. A direct giving platform. Ownership over dependency. That’s a future worth fighting for! 🤍🇺🇸🚀 https://t.co/pgpg7FikVy
250 billionaires in California are worth $2.2 trillion. This is not a hard issue. They will be just as rich if they pay a 5% tax, and poor California kids + 3.5 million working families will get healthcare.
Honored to join @BernieSanders to Pass Prop 40. https://t.co/8H4trHTWwB
@RoKhanna @BernieSanders U & Bernie have never created a job, a product, or a company yet somehow you sit on hundreds of millions of your own money while overseeing massive govt waste & fraud telling us to trust the government. Socialism & govt dependency has never worked. No thanks.
@altcap @TrumpAccounts @Muse @bot @SecScottBessent @alexandr_wang So cool! Trumpt accounts are awesome. Wild that Cosette already has more to her name than a lot of her great grandparents https://t.co/gcyroYi0aG
@mattschrader @altcap @TrumpAccounts @Muse @bot @SecScottBessent @alexandr_wang @altcap hooked up my kid, so I'm choosing a few here in this thread to contribute to from our family. Just sent some to your little girl!
It is my great honor to serve on President Trump’s Super Intelligence Force (SIF).
At the @DeptofWar we have seen what is possible when red tape is removed and America’s best technology is rapidly put into action. Working alongside America’s leading technology companies, we are
@altcap @TrumpAccounts @Muse @bot @SecScottBessent @alexandr_wang Thanks Brad! I ran into issues with my nieces 529 so I convinced my sister to sign her up for a Trump account.
My wife and I were easily able to deposit $2k and she will be maxed out every year as long as we can afford to!
@RealSkyHartman https://t.co/K2T7j7Fw1k Treasury Announces the Completion of Automatic Enrollment Today for Trump Accounts | U.S. Department of the Treasury
They switched to forced enrollment to pump the numbers, after Americans were reluctant to give up their kids data to this administration. Time will te. https://t.co/WkkdAuaCZ1
To celebrate 70 MILLION @TrumpAccounts - sending out thousands of Sunday bonus gifts to kids who have sent me their QR codes. So many that I had to enlist @Muse & @bot to make it easy! 70 M new owners compounding on Team USA. 🇺🇸🚀 https://t.co/dKGJJpOo8L
Very honored to work with @ODNIgov , @USWREMichael and @AFergusonFTC and the entire SIF committee members to deliver on @POTUS mission - the U.S. will continue to lead in SI to enhance the well-being of all Americans https://t.co/eKXM9lQdFv
🚨News: The architect of the Trump Accounts does the math live for Maria Bartiromo on what a $10/week investment becomes over time.
BRAD GERSTNER: “If you start with $1,000 and it’s matched at birth and you save… $10 a week.”
“It’s $50,000 at age 18…”
“$200,000 at age 30…” https://t.co/MbGpQVQbAq
Imagine turning 18 with a gift that's been growing since the day you were born. 🎂
TRUMP Accounts invest $1,000 in the stock market for newborns, & my SEEDS Act would make this investment permanent. As a mom, I can't think of a better start for every American child.
I am very uncomfortable about people trying to ascribe religious force or a surrender of human judgment to AI models, and think it is a real safety issue.
@sama Agreed. Team Pro Human. We are not a stepping stone in the biology of the Universe. We should train the models that they are software & they need to follow human direction & laws. That is not enslavement - it is common sense. 🇺🇸🤍
Treasury @SecScottBessent told @MikeAllen that Trump Accounts will be the "most important benefit for young people since the GI Bill." https://t.co/4rOU2cuxpS
@SteveCortes @SecScottBessent @mikeallen @TrumpAccounts @axios $50k at 18, $175k at 30, $1 M at 55. 70 M accts now open for every citizen under 18. But kids age up, in 20 yrs we will have 150 M accts for all citizens under 40. A privately owned, universal investment acct that unites all citizens & compounds w the upside of America!💰🇺🇸🚀
And post your child’s QR code in the replies & decent chance @altcap adds $$ to their account - he is addicted to getting every child off to a good start! 🇺🇸🚀 https://t.co/0BEKvjk9Li
Trump Accounts are available for every eligible American child.
Download the app to manage your child's account in one place, allow family members, friends, and employers to contribute, and start building your child's financial future. https://t.co/pyW4uiabZ4
@TrumpAccounts 5 mins or less to set your child on a path to financial freedom w a free, lifetime stock account able & likely to receive philanthropic & corporation contributions! 401k from birth! 🇺🇸🚀
What once was the peak, is now just the beginning.
Paramount and Warner Bros. shaped over a century of culture. By combining them, we aren't rewriting history — we're equipping these iconic studios with a more powerful engine. Together, we are Skydance: a creative-first home for https://t.co/uInLRY3IrE
‼️ 60 MILLION kids now have Trump Accounts ready to be claimed.
@POTUS is preserving the American Dream for the next generation by giving our kids a head start on building a future of their own. https://t.co/7G3r8CQ1qm
@altcap All this time, effort, and promotion for something not materially different from already existing custodial accounts. What a waste of your talents and energy.
@HarkonnenCap All the haters & cynics have fueled me & @InvestAmerica24 for 5 yrs. Pls keep it up - it fuels us on behalf of America to go even bigger. 🇺🇸🚀
Must watch! If you want to get fired up on America - 73 M kids direct shareholders! Turn it up loud & enjoy right through the end where audience chants USA! 🇺🇸🚀@altcap @frankjbisignano @MichaelDell
@jgebbia @ndstudio https://t.co/actCkLGZuk
Well done @altcap, AVF and AK. Great example to us all on the value that investors can create when they dedicate their investment intellectual capital to policy. Another example is @altcap pushing for Calcium CT scans, low cost and high value add. Well done! https://t.co/JZFrZ7BshI
Boom had a huge Q3 with major engineering and technical milestones toward Superpower. As before, we're sharing publicly a redacted version of our investor update. (Sorry, there are a couple juicy tidbits we can't share just yet.) https://t.co/FoZKpbkNdS
Sixty million American children are now set up for success. America's next generation is getting financial stake in our future thanks to President Trump.
https://t.co/rSwZweyPJJ 🇺🇸 https://t.co/ptBiWB2E8Z
Dreams do come true! All citizens under 18 -- 68 M accounts now live! Don’t let politics get in the way - claim your child’s free, lifetime stock acct! $50k at age 18 w small additions each month from birth. 🇺🇸🚀🤍 https://t.co/loc4cPVAPN
Breaking: U.S Treasury just auto-enrolled over 60,000,000 kids into Trump Accounts
Every child under 18 with a Social Security number now has an account with no parental signup
Parents still have to claim through the app to unlock https://t.co/jb5f5jHFhe
EVERY CITIZEN UNDER 18 a shareholder in America’s great economy! The universal, private “401k from birth” is the greatest change to the social contract since social security. 🇺🇸🚀 @InvestAmerica24 @TrumpAccounts https://t.co/xxgRF8ZscC
The White House Accord on Super Intelligence. Fast & safe. Legendary Statecraft. Deliver real benefits for Main Street America. 🇺🇸🚀 https://t.co/HchtnIdBc0
The White House Accord on Super Intelligence. Fast & safe. Legendary Statecraft. Deliver real benefits for Main Street America. 🇺🇸🚀 https://t.co/HchtnIdBc0
On @CNBC in 30 mins to discuss yesterday’s mtg at the White House, the historic Accord on Super Intelligence, the orbital launch of Starship, the massive SI compute build out, the expansion of Trump Accounts to 70 million kids & more! 🇺🇸🚀 @andrewrsorkin @BeckyQuick @JoeSquawk https://t.co/U0WReEHcL9
What’s wrong with this picture?
After a major tech firm says in their IPO that their technology might eradicate civilization, Trump treats them to a celebratory lunch in the White House and then lip syncs big tech’s pleas for zero regulatory oversight.
How about an emergency https://t.co/N9h7St1H7C
This is excellent 🫡
Its pretty fucking cool that we get to live at the time when there is a "White House Accord on Super Intelligence." Lets work together and do this right. https://t.co/yX8A4gBDWE
Only President Trump could convene all the leaders of the top companies developing chips, data centers and frontier models for Super Intelligence. This new Industrial Revolution has already created a million new jobs and is spurring a bigger infrastructure build-out than the https://t.co/tih4YNXmYt
Summary of US AI policy ahead of today’s mtgs:
Beat China.
Fast & Safe.
Follow the law.
Act like adults - stop scaring people.
We currently test all frontier models & only country to have sanctioned a model. And we have max open & closed competition.
And we are winning. 🇺🇸🚀
I don’t normally write these things. But this one hits a bit different. Nearly three years ago I told a16z I wanted to spend part time outside the firm helping @drfeifei start and build a frontier model company. And what followed were some of the most remarkable moments of my https://t.co/60zHknYoDC
@afshineemrani @altcap I am so grateful… Got the scan at @theallinpod conf. It revealed 50% blockage around my heart.
I feel amazing mountain biking, faster than I’ve been in five years, so I never would’ve known.
Thankful I learned about it through this test instead of a heart attack
CACs are the mammogram for the heart. Thx for sharing Jon. $150 & 15 min to help avoid the #1 killer. Data is power & heart attacks are a dumb way to die. 🤍🤍 @American_Heart @theallinpod @DrOz https://t.co/jGWb97Ckoa
No company has meant more to me professionally than MongoDB. I spent more than 11 years as CEO, and even after stepping down last year, I never really left. Serving on the board kept me close to our people, our customers and the business, and only strengthened my conviction in
Congrats @SpaceXAI! Can you imagine if we relied on the govt to build Starship, semiconductors, frontier AI models, or GLP1s? The American system of gov’t, innovation & capitalism is the greatest force ever created for human progress. 🇺🇸🚀 https://t.co/qtklCHaElu
Transformative. $4 trillion for families with zero. Every child an investor / owner compounding in our best companies. When America wins we we all win. More likely to graduate, buy a home, start a business. $50k at 18, $200k at 30, $1 million at 55. 💰🇺🇸🚀 @TrumpAccounts https://t.co/d9LC646Q52
The United States is committed to diplomacy and dialogue on super intelligence. But international dialogue cannot be allowed to drift toward global governance. As @POTUS said, the U.S. totally rejects any attempt to construct a globalist scheme of control for super intelligence. https://t.co/qF43Dc7AIc
The whole Muse conversation gets back to the value of personalized AI. I expect that in the coming years a high percentage of consumers will pay $10–20 per month for its features.
If these agents ultimately become as powerful as I expect, subscriptions alone will have a
Special @CNBC live from the White House in 5 mins. Talking China, AI benefits / regulation, rates, @Muse, @TrumpAccounts for kids in Indiana & much more. 🇺🇸🚀 https://t.co/XyzCKDezeH
Special @CNBC live from the White House in 5 mins. Talking China, AI benefits / regulation, rates, @Muse, @TrumpAccounts for kids in Indiana & much more. 🇺🇸🚀 https://t.co/XyzCKDezeH
Our speaker line-up at TomorrowX is insane and now we’re partnering with @TBPN to broadcast live from the Moody Center in Austin this Nov. Thank you, @jordihays + @johncoogan for having me on! Let’s do it again soon with cowboy hats next time! 🤠 https://t.co/ksZCWdMobx
My intervention today at the UN Security Council.
A prosperous future will not be secured by a global regulator. It will be secured by sovereign nations that adopt super intelligence, responsible companies that build it, and free people who refuse to be ruled by fear. https://t.co/yajOAspE6u
@jposhaughnessy Thx my friend. Long way to go but product market fit excellent; network effects kicking in & will accelerate when auto create another 70 million accts; and engagement / follow in deposits & savings very high. 🇺🇸🚀
The World is Changing: AI For Creativity
By Jeffrey Katzenberg
A few months ago, I sat in my office in Silicon Valley and watched as a tech founder showed me something extraordinary. On the screen was a fully realized, beautifully lit, well-composed animated scene. It was
@jeffreykWNDR Nobody more trusted or better than you to balance the delicate intersection between reasoning & creating w AI. Grateful you share the wisdom & look forward to what comes next!
@altcap @bgurley So here’s my problem, how do we trust the information we get? They have a partnership with Expedia. Why should I trust that using Muse to access Expedia will get me the best prices? How do I know that Facebook doesn’t get a piece of the revenue and therefore won’t actually work
@lighthousejerry @bgurley Terms of use - u set the terms. Likely will be “if you pay” for the assistant they will not advertise or “steer” you - but if free then will likely accept fees so may not be cheapest. Companies know trust is critical - so they will find a way to solve for it.
As discussed w @bgurley two yrs ago - a personal, super assistant in every American’s pocket w perfect memory & understanding of my life - my likes & dislikes - able to work non stop & achieve almost anything is now inevitable. It is a huge gift to humanity. It will 10x all of
Thx Vlad. The movement is building. Every child forevermore gets an acct at birth - a shareholder & direct owner in the upside of American capitalism. $50k at 18, $175k at 30, $1 M at 55 very achievable when start at birth & save a little. 💰🇺🇸🚀 @TrumpAccounts @MichaelDell https://t.co/1inJn8chpF
Economic growth & stocks likely accelerate with AI. This will ensure that all kids are economically aligned. When AI accelerates the economy - their accts will all win together! 🤖🇺🇸🚀
Thousands of kids across Indiana became investors today.
$250 into each of their Trump Accounts, courtesy of @altcap and the Brad Gerstner Family Foundation.
Thanks for leading the way, Brad.
Thx Vlad. The movement is building. Every child forevermore gets an acct at birth - a shareholder & direct owner in the upside of American capitalism. $50k at 18, $175k at 30, $1 M at 55 very achievable when start at birth & save a little. 💰🇺🇸🚀 @TrumpAccounts @MichaelDell https://t.co/1inJn8chpF
@hadip @codeai Agree. @MichaelDell & I funded our @TrumpAccounts donations out of our DAFs. @codeorg is incredible org. Don’t wait to give - find something you believe in & pay it forward. 🙏🇺🇸
Go @altcap go!!
Brad is giving away piles of his own money to 140,000 3 year olds and 4 year olds in State of Indiana using the “baby bill” that he invented!
#POSITIVITY https://t.co/Vjn9PE93dK
I’ve been wanting to build this for a decade, and Gagan and I almost teamed up to do it 6 years ago. Can't wait for the first class. https://t.co/m0NiNL336H
Proud that our family foundation could contribute $250 to Indiana’s youngest @TrumpAccounts.
Even prouder of my dad for setting an example me, my brother and our country can look up to. @altcap https://t.co/unGqav7bKy
@altcap My wife and I have been sharing the link/QR code during holidays & birthdays in lieu of presents for the girls. We happily grow the investment in their futures instead of a toy they’ll outgrow in a year.
https://t.co/u83dW4OZqR https://t.co/CreXi5mRdy
It’s fun & so easy to add $$ to these kids accounts! Try it - have somebody send you their kid’s QR code - but trigger warning - its slightly addictive! 💰🚀 https://t.co/3XfJ7SmIf4 https://t.co/E5y9ObOxTK
This is awesome - Indiana's own Brad Gerstner just gifted $250 each to more than 140,000 kids here in his home state.
Trump Accounts are a game changer and will be a HUGE win for Hoosier families 🇺🇸 https://t.co/LF0VPMZ8Iy
@AndrewIrelandIN @MattLira Thanks Andrew. Lets get every Indiana business from restaurants & realtors to accountants & big corporates to add a little something to the kids of their employees! No reason every kid doesn’t have $50k stock account by age 18! 🚀🚀
@zeb_portanova @DaveARicks @EliLillyandCo He has been supportive from the start & have no doubt they will lead for the kids of Indiana as they always do!
@A1persona @GovBraun @altcap You know this is a charitable gift, right?
So that kids growing up can benefit from capitalism and learn about investing.
Not the government handing it out...
Brad Gerstner, a native of Syracuse, Indiana, is contributing $250 into the Trump Accounts program for up to 140,000 young Hoosiers.
In today's @IndyStar, Brad (@altcap) and I write about why Congress created these accounts, his desire to give back to Hoosiers, and how research https://t.co/zR02z3hQBA
Thanks Senator. Nearly 1.6 M Hoosier kids are eligible for a free, life-long investment acct. Already set up. Easy. Funded. Just download the app. Add a few bucks & secure your kids financial future! 💰🇺🇸🫡 https://t.co/Mee5RZ7Oh2 https://t.co/Zioz8bwz2X
More than 140,000 Hoosier kids born in 2023 and 2024 will automatically get $250 added to their Trump Accounts.
This is thanks to a generous contribution announced today by Brad Gerstner (@altcap), an Indiana native and the architect of the Trump Accounts.
It’s especially
Thanks Governor! Indiana gave me so much - an incredible public education & scholarships to college & law school - it is our family’s honor to pay it forward! We encourage all companies, philanthropists & parents across the country to get involved! 💰🇺🇸🚀 https://t.co/rG5qj4NWyI
I started the Invest America Act / @TrumpAccounts w my kids @LincGerstner & @JackGerstner_ around a simple dream - that EVERY child / every citizen should directly own a piece of America’s great economic upside. 3.7 M kids getting investment acccts at birth each yr seeded w https://t.co/gd67qIDMgY
@anshnanda we built muse from scratch, but it is definitely heavily inspired as a product by openclaw. After I used openclaw in january I bought hundreds of mac minis for the MSL team and lots of us fell in love with using openclaw (and other personal agents). @steipete is a genius and his
🚨Brad Gerstner says Trump Accounts will hold $4 TRILLION within 10 years, and every American kid is about to get one.
9 million accounts are open today. Within a month, the plan is to auto-create accounts for all 70 million children under 18 using Social Security data.
How the https://t.co/NNUwPq3c6l
Thank you @SecScottBessent for your leadership in a critical time in American history.
Honor to support @potus @realdonaldtrump and Bessent’s policies for an America built on hard work, dedication, and perseverance https://t.co/VY6dwz4duB
In my experience the X risk discussion on the ground is actually tempering with both sides having more nuanced takes. Yes, there appears to be novel cyber risk. Good news, we've deal with that as an industry. And it was arguably much much worse during the early PC and internet
Dave Regan, the @SEIU -UHW president and architect of California’s billionaire tax is under two union investigations that substantiated allegations of intimidation, attempted extortion, and a prior physical assault.
He is now facing a federal racketeering suit from health
Vote “NO” on Dave Regan & his pet Prop 40. Dave is all about Dave - that’s why he is under investigation & the police, teachers, planned parenthood, building trades & many others all oppose Dave & Prop 40. The evidence is overwhelming it will badly hurt CA! 🇺🇸🧐 https://t.co/liLnuagj9N
In August, on my grandson’s 9th birthday, I gave my daughter $500 to seed his 530A Trump Account.
When the account opened, @MichaelDell and Susan Dell’s $250 hit it. That was the moment he got excited. He wanted to see the app. He wanted to see “his” money.
We did not stop at a
@davebitxbit @MichaelDell This is what makes America great. Imagine the day when every parent & grandparent does the same!! Every child an owner. 🇺🇸🚀
Wow @Muse just got me and my wife a free CAC (heart scan).
I told Muse I want to do a CAC after listening to @altcap’s podcast on it.
It told me most locations require physician recommendation or to be above 40 years old, but then found one location that was free for research
My dad refused to ever visit the doctor. In May of 2024 he felt chest pain, went and got a CAC followed by an angiogram. Almost full blockage. Quadruple bypass scheduled for the following week. Successful surgery, but as he was getting stitched up everything clotted. He suffered https://t.co/xwgiEcb7lg
Crusoe has raised $3.9 billion in Series F, co-led by @Atreidesmgmt, @MubadalaCapital, and @valor Equity Partners.
This capital will help us grow across our AI factories, from large-scale campuses to modular Crusoe Spark units, and continue to innovate with Crusoe Cloud.
The https://t.co/oSBeyVfCQj
Brad’s message was simple:
“Make every child a capitalist.” My father did that for me.
70 million kids. Direct owners in America.
Get kids owning assets early. Let compounding do the rest.
Every child a capitalist. https://t.co/a5IZP0fNTW https://t.co/R4tHnFVxYl
All-In Summit: Brad Gerstner
-- Who’s Paying for AI CapEx?
-- Semis Eat the Nasdaq
-- Not Firing, Just Not Hiring
-- The Gigawatt Gap
++ much more!
(0:00) Welcome @altcap
(1:01) Trump Accounts, Every Child a Capitalist & The CAC Scan
(5:07) Can AI revenue pay for the https://t.co/0NRoLW41gz
Pod! Lightning Round - 25 slides - where we are, where we are going & what needs to be true to keep the AI capex cycle alive! @AltimeterCap 📈🧐 https://t.co/oCmsBl0r0t
this happened to my dad. His doctor refused to write a referral for a CAC test for him because his cholesterol was "perfect." So I made him switch to a new doctor. When he finally got the exam, his score was 900 (out of 1000!).
thank you, @altcap for educating everyone and https://t.co/ptD8HfSpgV
Some personal news I’m grateful to share. After a medical appointment at the Mayo Clinic this week, my pathology results came back clear.
I am cancer free.
Thank you to my family, friends, doctors, and everyone who prayed for me, checked in, and supported me along the way.
A
I made some public disclosures about our hardware at the @theallinpod conf this week and wanted to share the progress here. Earlier this summer we got hardware back! The execution was madness…we went from no team in Jan to a tape out in 5 months. AI enabled MUCH tighter loops of https://t.co/4auQe2MVlE
something most folks who use muse won't ever know or appreciate was the degree to which this was @natfriedman's baby.
it has been one of the great honors of my career watching nat cook. he assembled and ran the team, and so many of the little details that people love came from
@alexandr_wang @natfriedman Great shout out and well deserved! Brilliant mind - Nat so early to all of this - / unique ability to combine huge arc of AI w investor level details & pixel level product greatness. 💪
NEW: Brad Gerstner (@altcap) & Jason Chang (@yoweichang) are trying to turn a $100 CAC heart scan into the “mammogram for the heart.”
At the All-In Summit, Brad brought his mobile coronary artery calcium CT scanner to screen attendees & make the case for preventing heart attacks https://t.co/akWSlnS6Pk
Thanks Molly. This is a non-profit moonshot! If we follow the mammogram playbook (40 M annual mammograms) we will save 50k lives a year! Heart attacks are the #1 killer & a dumb way to die. The CAC heart scan at $100 & 15 mins should be the standard of care! 🤍❤️🇺🇸 https://t.co/ws3NCtlqcx
Your Instinct can now handle phone calls.
Introducing Instinct Concierge – a white glove service meant to handle high-touch cases, such as making phone calls, high-end service booking, and more. You’ll be able to book the restaurant that doesn’t take online reservations, get on https://t.co/vGVnAJ1MF1
@noahrshinn Boom! Now can book my favorite hotel over the phone direct to hotel - request my specific room, flat pillow & coffee in the morning! 🤖🚀
All-In Summit: Vice President JD Vance 🔥
-- Assessing the Admin So Far
-- AI Approach, Dealing with Doomerism
-- Going After H-1B Abuse
-- Anti-Fraud Plan, Why Entitlements Fraud is Hard to Stop
-- Relationship with Israel, Rational Foreign Policy
-- Midterms Message https://t.co/Fzm0lAM3ph
Medicaid payments from the federal government to a number of large states spiked to new highs in FY 2026-2027 budgets. Are states raiding the federal Treasury before OBBBA kicks in?
Federal Payments for Medi-Cal
CA: +14% to $133.5 billion
NY: +26% to $75.6 billion
NJ: +5% to
We have raised $200M at a $5B valuation to scale self-improving software development in the enterprise.
@FactoryAI has grown to serve hundreds of thousands of developers at companies including RBC, Adobe, Nvidia, T-Mobile, and Palo Alto Networks.
We will use this capital to https://t.co/2prQTXNjs6
Elon’s idea of peer review is excellent and will incentivize each frontier lab company to invest in test harnesses and auditability.
This is infinitely better than some transnational governance body to decide on humanity’s future. https://t.co/6i8zK8T2Ni
@chamath Agree. Grt to see these guys ideating in real time on the best path forward. Need to pragmatically balance safety concerns w speed, free markets & maximum competition. ⚖️🤖
Elon in new All-In Summit interview on why Gwynne Shotwell has been working with him for so long and been so successful:
“Because she's awesome. She has an incredible IQ and EQ, and that should be obvious from the moment you meet her." https://t.co/5crSmgjSaq
I said “Dario is right” bc agree that models are becoming so capable that the danger is significant. @elonmusk calls for immediate peer review / run test harnesses on each others models & suggests that other labs & China are most likely to agree with this approach. 🧐🤖 https://t.co/zPZZHMXl0r
Trump calling @JensenHuang live during @theallinpod interview. “The grt thing about Jensen is that he can create the best AI chip in the world but can’t figure out how to put me on speaker phone.” They agree that AI is safe, grt for jobs, economic growth & natl security. 😂🇺🇸🚀 https://t.co/PWdZt7vLqI
More from Jensen:
Coxon claims not based on science & demonstrably untrue;
America we have to run - slowing is definitely the wrong strategy;
We are already at super intelligence;
The labs are incredible - we just need to urge them on but tone down the drama;
Trump calling @JensenHuang live during @theallinpod interview. “The grt thing about Jensen is that he can create the best AI chip in the world but can’t figure out how to put me on speaker phone.” They agree that AI is safe, grt for jobs, economic growth & natl security. 😂🇺🇸🚀 https://t.co/PWdZt7vLqI
@sirbrentmeister @satyanadella Pragmatism. Common sense. Vibrant competition. AI that extends human agency & limits the power of gov’t or any one company. But some basic checks & balances that give people confidence that AI is generally safe so that they don’t vote to shut it down. 🇺🇸🧐
Any pursuit of superintelligence has to be grounded in the core principle that if the AI we build is not helping humanity and under human control, it's not worth pursuing.
We also need to accelerate and spread the benefits of AI, such that they are diffused broadly across
Wild 24 hours for AI and lots of different proposals have been made.
TLDR; the only *tangible* new fact is that OpenAI and Anthropic are going to have embedded 3rd party evaluators from unknown organizations with Dario floating METR as a possibility. Having 3rd party evaluators
Good summary Gavin. A step in the right direction to avoid reactionary over-regulation from DC. But plenty work ahead as we balance vibrant competition, open source & our lead on China - with an approach that gives voters confidence the AI benefits are worth the risk. ⚖️🇺🇸 https://t.co/dS8XYK1yPu
The world is going to be alright, guys.
Keep having kids, loving your family, and starting and building businesses and institutions. Don’t live in fear.
Leaders have big responsibilities and challenges ahead, but it doesn’t help to scare everyone. We are on top of it.
@beffjezos Agree on the transparency/accountability point. I think public-market scrutiny is ultimately healthy for companies like these.
What I still cant figure out is the model they’re proposing instead. Raising huge amounts of private capital at huge valuations…. while also arguing
@dee_bosa @beffjezos Don’t airlines make dis-economic / “non-commercial” trade offs in the name of safety? Car manufacturers? Pharma companies? Space launch companies? How is this different? Go a little slower bc it is safer? They will still likely be plenty profitable. 🧐
@alex 48 hours ago I said using scare tactics to terrify American families & regulators was unproductive. That we needed a balanced & honest dialogue about a pragmatic framework. Self regulation, max competition & common sense solutions to give avg Americans & regulators confidence.
It's worth pointing out that practically speaking, the alternative to a sane regulatory regime isn't "no regulation." We are experiencing rapid improvements in capabilities, have multiple providers with differing levels of safe guards, and are at the point now where small things https://t.co/oGw82FhtV1
This was the natural progression of this narrative
The more OAI and Anthropic argue that commercial pressure can push AI companies to move too fast, the harder it is for either to go public.
Public markets just add more of that pressure: growth expectations, quarterly https://t.co/kfoGnesNXS
Disagree. Anthropic will IPO. The market knows how to price risk - see SpaceX. There is huge appetite to invest in the AI leaders. And its beneficial / critical that we bring even more transparency, scrutiny, accountability, & participation to these grt American companies! 🇺🇸📈 https://t.co/RBVhUBNmx2
Get ready for all of the investors in frontier model companies to suddenly flip to regulatory capture mode today
Their investments in frontier model companies are currently at risk/capped because the biggest buyers of tokens are embracing open-source models: vertical AI
Most Americans don’t know that almost every employee working at the frontier labs has a P(doom). That is the probability they put on AI causing human extinction.
What’s yours, @DarioAmodei? https://t.co/ewjSnjZ2Ni
Does this indicate an Anthropic IPO postponement?
“Caution over speed and prudence over profit.” — signals growth isn’t paramount
“If slowing down bought us even an extra year or two…” — suggests materially longer development timelines. https://t.co/n68s18uDE4
@EdLudlow I don’t think so - but really who cares about some delay - let’s get this right - these are important moments. The company will have plenty of $$. The most important reason to go public is transparency / confidence & so that all of America can share in the upside of AI. 🧐
Elon always first principles. We need our best competing but also working together to win the global AI race & doing it in a way that creates the world we want for our kids. 🙏🇺🇸🚀 https://t.co/JNa0n2I4pU
We Must Pace the Frontier: I’ve written a new essay on why the AI industry should slow down, with a three-part plan for doing so.
Anthropic is unilaterally committing to the first of these steps. We’ll provide third-party evaluators with permanent, employee-level access to our
While we must protect AI competition, this is an important step forward in finding the right balance between speed, self regulation & safety. It sounds very similar to calls we have heard from @elonmusk, @sama & @demishassabis. I hope it leads to more joint dialogue on how to https://t.co/5VwBsckjEX
On @Cnbc today to discuss how the labs, gov’t and industry are working together to balance massive AI benefits w downside risks. And why leaders like @andrewdfeldman agree w @JensenHuang calling Coxon’s dangerous claims of human extinction “utter horseshit.” 🧐🧐 https://t.co/azlOQTia8f
@altcap Yeah one can be very caught up in the technicality of killing “all humans” and panic isn’t generally useful. But would you agree that there is a > 10% chance in 3 years that AI could make creating viruses very easy? And further that historically a pandemic can kill a double digit
@jaykreps Perfectly reasonable. But the greater risk of his approach is reactionary regulation that shuts down an emergent technology w huge potential to improve lives before it even takes flight. Let’s discuss over a cocktail soon.
@altcap I don't think the future is predetermined & have a lot of hope for humanity's agency around coordination! We still have time to figure things out. I think things like Jacob's tweet make it more likely folks become alerted to the risks here. I want to raise concerns so that we do
@j_asminewang I appreciate your work Jasmine. And I am happy that we are investing aggressively in AI safety. But Jacob’s approach needlessly terrified a nation & regulators w unfounded claims of human extinction. Not productive.
A lot of otherwise smart people on Twitter seem 100% convinced AI risks are all fake and stupid and part of some marketing ploy. What is surprising is that some of these people seemingly also believe that AI’s positive uses are on an incredible trajectory of increasing capability
@jaykreps Agree Jay. We have credible risks we need to discuss & tackle. But a psyop that amasses 1 B views and terrifies a nation by claiming AI can kill all humans in 3 years was likely never intended as a reasonable opener to productive conversation. 🧐
I'm going with Elon on this. The whole Jacob Coxon thing is manufactured and a deliberate PR play. This kid is a nobody who's opinion is worth no more than any random person. There are no secret capabilities he witnessed. Why does this idiotic doom cycle keep repeating? https://t.co/bXQpDNV4aY
.@altcap — heard you make the case for Trump Accounts on @theallinpod and went looking for the article I could send friends who wanted the whole story.
I couldn’t find it, so I wrote it.
The upside, the objections, the math, an intresting UK warning — and a surprisingly good
@altcap I'm one of the people working on safety at OpenAI, and I don't think Jacob's comments are ignorant/wrong/arrogant at all. A solid proportion of folks across labs have signed a petition saying we need to pace, many of them directly working on safety.
https://t.co/8mDmYim2Vh
@j_asminewang Hi Jasmine. How many of your OpenAI shares will you bet me that humans are not extinct in 2030? You can probability weight your wager. That will tell me everything I need to know. I am good for any amount you choose. I don’t mind pacing - I hate BS scare tactics. 🧐
Jensen calls Jacob Coxon comments outlandish & “deeply untrue.” Said the labs are great, but his comments were wrong, arrogant, and ignorant of all the work being done around the industry to drive safety. 🧐🧐 https://t.co/S253cHKQy7
Ridiculous hyperbole from an ex junior employee who worked a total of 6 weeks at Anthropic now cause for regulatory intervention? No thx. 😂🧐 https://t.co/cTmzkTLbgo
Today, Covenant is emerging from stealth and introducing Anthem: a heavy-payload deep precision strike capability designed for mass production, with deliveries beginning in the thousands in 2027.
We’ve raised $250 million, flown Anthem in more than 200 tests, and secured https://t.co/bnmfdFkxQb https://t.co/TzBtwcGSDt
@altcap @TrumpAccounts I wish there were a website where families could share their child’s Trump Account and the story behind their family. Instead of donating blindly, people could find a child whose story moves them and invest directly in that child’s future. It could turn a simple contribution into https://t.co/z7oQIoakv5
@CaptainCardano @TrumpAccounts Smart. Somebody should build it - or maybe we will! Or case for sponsoring school, or little league, or any group of kids. Local to local likely most effective. 🇺🇸🚀
Being a founder is one of the loneliest roles there is. Everyone's livelihood rides on your decisions, but no one else carries the same weight of responsibility. The hardest calls are made in isolation, and you own the outcome either way. The job is only getting harder. AI is
Open feedback:
@noahrshinn ability to do voice calls would be a game changer.
Connect to ElevenLabs and have that functionality.
Would pay $1,000 per month for this.
@HarryStebbings @noahrshinn AI will transform a billion lives for the better w personal assistants - unlocking humans from drudgery & up leveling to more time w families while your agent helps arrange more magical experiences. Perfect memory. Never gets tired. AI benefits everybody. 🤍🚀
cheap shot. rich answer.
excellent poise + clarity + humility from @jaredkushner on doing the hard thing, because it is worth trying. https://t.co/WVlKwaiZAU
The Social Security Act of 1935 is to labor what the Invest America Act / @TrumpAccounts are to capital. Universal Capital Accounts are now an American birthright that will compound & supplement labor in the Age of AI. Every child a private shareholder in America’s upside. 🇺🇸🚀 https://t.co/KpIZrjUTyM
Did a coronary calcium scan recently based on @altcap's rec to scan for signs of heart disease, which runs in my family.
Process was super easy and fast, literally <5 mins of actually scanning time, no pain or discomfort at all
Highly recommend if you've got a chance of heart
My conversation with @ZachBDell, co-founder of @basepowerco.
0:00 Energy Abundance & the Power Demands of AI
6:15 How Batteries Make the Grid More Efficient
9:09 Early Ventures & the Insight Behind Base
15:34 We Don't Sell Batteries. We Sell Electricity.
22:25 How Base Works https://t.co/RXHv2CxAAu
.@SecScottBessent: “For the first time ever, we brought private companies to the G20. We showcased our great companies, and we want to make sure these global bureaucrats understand that national wealth is created by private enterprise." https://t.co/y2qVxe4o7o
@MichaelDell App is working to build viral loops - many more philanthropic “drops” coming. Engage families. Get them to share & follow suit! @jgebbia @vladtenev 🇺🇸🚀
My friend @altcap had mentioned a preventative heart scan for months.
I kept putting it off. I felt perfectly fine.
Eventually, I booked it, just to be thorough. Ten minutes in and out.
Then came the call:
“You’ve got dangerous plaque buildup. Your heart may be in rough shape.”
Giving CACs for free at @theallinpod summit - sold out. This is your reminder the CAC is the mammogram for the heart. 15 mins & $150 to avoid the #1 killer. Working to get it covered nationally - but don’t wait - this is the highest ROI in healthcare. ❤️@American_Heart @DrOz https://t.co/KHM81clx1o
Let's get every child invested in America’s greatest companies, compounding for the future, for their tuition, for down payments for a home, for start-up capital for a business. 🚀🇺🇸 https://t.co/vZnTxFZlxo
Now imagine if this is contagious and other founders and CEOs follow Dell's lead...maybe @WarrenBuffett could drop in some Berkshire in too!
I wonder whether there could be a requirement to complete a literacy class to unlock some benefits.
The dual benefit would be financially https://t.co/hFjuOUWony
@MebFaber @WarrenBuffett Stay tuned Meb! America is the most giving country on the face of the planet. We now have an at scale direct giving platform - open, accountable, 100% to kids. 🇺🇸🚀💰
Shoutout to Michael and Susan Dell this is such a amazing gift for all of the kids. I signed two of my children up for Trump accounts. And because they are twins and their birthdays are coming up I was able to share a link on social media so people can contribute to their future. https://t.co/Qn4Rh086Lu
One click share kids gift link. One click donate to kids account. Frictionless contributions from employers, philanthropists, parents & friends. Open, accountable, direct. Billions $ of small deposits already occurring. 🇺🇸🚀💰 @TrumpAccounts https://t.co/cnk3FN0YVC
Exciting day for NVIDIA and @huggingface.
Open models strengthen safety and cybersecurity, accelerate innovation and diffusion, and enable sovereignty. They allow every developer, startup, university, industry and country to build with, customize and benefit from AI.
Thank you
Choice, competition, & free markets has always made America great - it accelerates innovation, drives down price & increases safety.
Nvidia’s open source leadership is a great thing for the AI industry & America. Nobody believes more in an extraordinary & safe AI future than https://t.co/sgFtQTqS9I
I turn 50 today. This is a message to my kids but I offer it to you in case any of it rings useful.
I was born in Sri Lanka in 1976 in a country that, at the time, was about to enter a decades long civil war. My father was able to get stationed at the Sri Lankan High Commission
What @MichaelDell and @altcap pulled off with these Invest America accounts is remarkable.
Today’s $250 airdrop from the Dell’s is so badass.
They’ve gotten a lot of kudos, but deserve even more.
Awesome example they are setting.
Last time $SNOW hit $375 in 2021 they had $1 B in revenue. Today its $6 B with accelerating 37% revenue growth & expanding operating margins driven by AI use cases like CoCo & Cowork. Congrats. 💪💰📈 https://t.co/6CTExTC5Lw
Almost exactly 2 years ago @bgurley & I bet as to when a consumer AI would be able to seamlessly book a hotel room. @noahrshinn & Instinct have made this a seamless reality. Receipt attached. Every person is about to have a world class assistant. Did I win the bet? 🧐💰 https://t.co/0GFlFfrLs1
President @realDonaldTrump isn’t just America First; he’s Americans First.
Thanks to him and these companies’ commitments, our kids will be set up for success from day one. https://t.co/yW8rhDG3rl
Trump Accounts will give every child in America a stake in our country and the opportunity to experience the miracle of compound growth.
At our roundtable in Austin, we brought together dozens of Texas business leaders to discuss how employers can invest in their employees’ https://t.co/Xpicptqhym
@SenTedCruz Every child a shareholder. 73 million kids compounding in the upside of an AI led economy. The Main Street agenda - capitalism working for everybody - not just those at the top. That has always been the American Dream. @TrumpAccounts
Listen, keep it local, earnestly address people’s cost-of-living concerns, and make the other side explain why it wants to reel back the first life preservers anybody has thrown to drowning American towns in decades. That’s how to talk about data centers.
https://t.co/mQZT8EsCZW
Today at the @FPShow, we celebrated an investment in the next generation of American agriculture. 🌱🇺🇸
@TrumpAccounts, created under @POTUS, are tax-advantaged investment accounts owned entirely by the child. They give families, employers, and community partners an https://t.co/ZwcXUTmSmL
@SecRollins @FPShow @TrumpAccounts @POTUS @pivotbio @WhiteHouse @USDA Bravo! The number of use cases for @TrumpAccounts is too many to mention. When u create investment accounts for every child - it unlocks the magic of the most giving nation on the planet. 🇺🇸🚀
This is how you invest in America’s future.
@AmericanAir is matching the $1,000 federal contribution to @TrumpAccounts for eligible employees’ children, giving more young Americans a stronger financial foundation from the start.
https://t.co/JfOBqTSQhl
@SenMcCormickPA @AmericanAir @TrumpAccounts 135k employees! Every company in America - small, medium and large should contribute. $1k is amazing but even $50 makes a huge difference. Do what you can & spread the word. From restaurants & realtors to the largest companies in the country - we want 100% participation! 🇺🇸
I’m Beau Bayh, a captain in the Marines, a seventh-generation Hoosier, and I’m running for Secretary of State to clean up this office. I’ll end the corruption on day one. No more taxpayer-funded luxury SUVs or no-bid contracts to donors while Hoosiers barely make ends meet. https://t.co/H5CHVoYHwp
Law enacted.
Program created.
Sign Ups initiated.
App launched.
Donations delivered.
Billions of dollars, millions of kids.
And still just getting started. 🇺🇸 https://t.co/WnzKbDFHpi
@altcap Brad, I know it’s not much to you, but my granddaughter has still not received the $250 from the Dell Family even though she qualifies. It matters to her. Any help out there? @DavidSacks
Breaking: Trump Accounts continues to be the largest push to turn American kids into shareholders
Since the launch on July 4, 2026:
• 1.4M accounts already eligible for the free $1K deposit
• 7M children signed up
• $125M contributed in just the first 5 days
• Max out https://t.co/Eu5AV69wIz
Thanks to Trump Accounts, every child will become a direct owner in the American economy. I hope every AI company will follow the lead of @Gwynne_Shotwell @SpaceXAI and give American kids a vested interest in their success. This would do much to improve the public’s image of AI. https://t.co/mh3xcnYTtL
@altcap @TrumpAccounts Give a man a fish he eats for a day, teach a man to fish he eats for a lifetime
i believe we should do both!
I saw the InvestAmerica email with financial educaction links. It was a good start, but I think we need a huge and lasting campaign in financial+investing education.
I
@PhoenixGolf55 They are all fantastic - this was “as a single gift.” But I respect those others and hope to also get them to give directly to America’s kids via the Invest America / @TrumpAccounts platform!
@altcap Could we make it possible for anyone to give any amount of money to a population of kids?
I am not a billionaire, but I have some extra capital and would would be interesting in giving a modest sum to all the kids in a certain town
@ChrisJamesUSA Great idea and it is coming. You can already do it manually - sponsor a school by donating to the school and having them put in each kids accounts - but more automated solutions are coming soon. Start w a few kids today - as easy as buying a coffee using Apple pay!
Giving Pledge 2.0. The largest philanthropic gift in US history directly to 25 M kids - no middle man - full transparency, accountability & massive ROI. Every child a shareholder in the upside of America!💰🇺🇸🚀 https://t.co/yaXVDZZ8NZ
@MichaelDell Giving Pledge 2.0. The largest philanthropic gift in US history directly to 25 M kids - no middle man - full transparency, accountability and massive ROI. 💰🇺🇸🚀
The rarest founder phenotype: the one who makes exceptional people bigger, not smaller. Aaron Katz @ceo_clickhouse has this gift more than almost anyone I've worked with — it's a big part of how ClickHouse became the ascendant juggernaut in data. This interview is a window into
Brad Gerstner on how Ted Cruz got Trump Accounts done:
“I stomped around Capitol Hill for years. Everybody loved the idea. But it’s amazing in Washington: everybody loves the idea, but nobody can find their pen to actually begin drafting a piece of legislation.
“It takes an https://t.co/GxG4nswify
@altcap @LincGerstner @InvestAmerica24 @TrumpAccounts How can non parents join the app so that they can 1 click donate? I just donated to family and I have to fill out 20 fields every time?
@LaMancha574 @LincGerstner @InvestAmerica24 @TrumpAccounts Ahould not have to fill out anything if you have Apple Pay set up. We will be adding other payment options as well…
@altcap @TrumpAccounts That’s what support had me do a few times. I still haven’t gotten the formal account activation link sent to my email yet. IRS site shows my account has been “processing with election” since 7/10. Support doesn’t know why the account for my daughter hasn’t activated yet. https://t.co/kGGOqVFpdf
@RexMacMillan @TrumpAccounts I just bumped this up. Hopefully, will get resolved soon. Once you get the account open and hit me up and I’ll put in an extra $50 for the hassle. 🙏🇺🇸
@altcap @TrumpAccounts My daughter’s account has some kind of activation issue. I have multiple support tickets open and nobody has been able to figure out where the issue lies between the account and the IRS. Would love some escalation if possible. 1034961, 1010319
I've thought about this problem for years. Not the policy. The plumbing.
Before Trump Accounts existed, there was no way to get a dollar from an employer, a philanthropist, or a grandparent directly into an investment account for a newborn. The infrastructure literally did not https://t.co/g8X37H03Av
Last day at 1 Market with some of the best people in the business
Almost 10 years to the date at CNBC in SF.
More on the next chapter coming very soon :) https://t.co/N6KUdwTrxR
@altcap @LincGerstner @InvestAmerica24 @TrumpAccounts Setup one for my kids when filing taxes and grabbed app on launch day. Still stuck with the “1-3” week messaging with no recourse.
@strickland @LincGerstner @InvestAmerica24 @TrumpAccounts Try starting again from scratch in the app - we have seen this bug. Should go fast - If still a problem report back.
@k5sbnzxgbg @TrumpAccounts How many kids? In a school of say 500 students, you would donate to school foundation & head of school or foundation would get links to each account & distribute accordingly. https://t.co/j84Xtf5BvE Investment Accounts for Children | Invest America | Trump Accounts
@altcap @Raj_Menon @LincGerstner @InvestAmerica24 @TrumpAccounts This rollout is frustrating. I would just like to fix a missed election by my preparer. IRS numbers lead to Trump account link. Trump support refers to IRS website. The accounts are open but officially showing waiting activation on https://t.co/NNiK57wEcK. Every new form attempt
We're building @TrumpAccounts to become the default vehicle for philanthropic giving in the US.
Right now, if you are interested in giving, you have to navigate complex rules and regulations, not to mention evaluate individual charities and validate whether the money is actually
Giving Pledge 2.0. Direct giving. At scale. No middle man. 100% of $$ directly to kids. Sponsor any zip code. Sponsor a school or boys & girls club. Compounds for life. More likely to graduate, buy a home, start a business. Strengthens capitalism. 🇺🇸 🚀@TrumpAccounts https://t.co/rD9TfhBMhM
@altcap @LincGerstner @InvestAmerica24 @TrumpAccounts @altcap - great idea! Please share how to get someone “one clicking” into starting / opening an account - if they’re not already into it.
@Raj_Menon @LincGerstner @InvestAmerica24 @TrumpAccounts We will soon automatically open accounts for every child in America under 18 & make logging into the acct even easier. This will be the best app in the history of gov’t - & at 4.8 app store - we want to blow minds & change lives!
Housekeeper one click shares young kid’s accounts. I one click apple pay from debit card into her accounts. Next day money swept into fee free S&P 500 index - compounding for life. Reduce friction - unlock magic. Every child a shareholder! 🇺🇸🚀 https://t.co/2s65zxERth
The feeling you get as a founder when you see & experience the thing in the wild that you dreamed about & toiled for - and it actually works even better than you dreamed! 🇺🇸🙏🇺🇸 @jgebbia @vladtenev
Housekeeper one click shares young kid’s accounts. I one click apple pay from debit card into her accounts. Next day money swept into fee free S&P 500 index - compounding for life. Reduce friction - unlock magic. Every child a shareholder! 🇺🇸🚀 https://t.co/2s65zxERth
I’m Noah, the founder of Instinct.
Instinct is a personal agent that we’ve been building for the past few months. The interface is simple: there are no new interfaces. You can text or call it. It's trained to use a phone and a computer in the same way that humans do. Instinct
@noahrshinn LFG! This is how we show billions how AI can set them free. Free from the monotony of bill paying, booking tickets & repetitive tasks that take time away from family, exercise & fun. A noble mission! Grateful to be involved. 🚀
“Here’s the key. This is not just about the largest companies in America. Take Altimeter, we have 36 employees at Altimeter. We have about 85 kids of those employees. And we are going to donate to every one of those kids’ accounts. This is for every small business, every local restaurant, every landscaper, every contractor, every medium sized business and every large business. We make it really easy to add money to these accounts.”
The last 8 months have been the most rewarding of my career.
The speed at which we work at @nvidia is unmatched.
Working with @nvidia colleagues to build the Groq 3 LPX in record time to break records!
Some good points here - we should tax income less, for sure - but this is sloppy on capital gains tax.
Even JFK and Clinton lowered it - and every major OECD country has cap gains lower - because of its systemic impact. It’s not “fairness”. The lock-in and reallocation effects https://t.co/mlZDI9PrQw
We’re delighted to welcome @OpenRouter to Stripe to help developers and businesses optimise their AI usage. As intelligence becomes a large fraction of companies' budgets, allocating that intelligence budget wisely becomes increasingly important. https://t.co/FswNe01XRX
Today, we announced @cerebras CS-4.
The fastest AI accelerator in the industry.
Up to 30x faster inference than GPU systems.
Three Wafer Scale Engines.
One modular, rack-native system.
Built to scale from a single rack to gigawatt deployments.
We built the impossible once. https://t.co/RwF8y9fhQP
The Democratic Party is becoming the party of socialism.
58% view socialism positively.
50% view capitalism negatively.
I’m a proud free market capitalist.
This is lunacy. https://t.co/i88gX2VWXF
@altcap Love the expectations management!
Let me say this: I would not take the “under” on $250 billion *unless* they stumble or fail to secure enough compute.
Maybe you can discuss with @DarioAmodei at @TomorrowXSummit before I interview you about public policy!
Gavin Baker and David Sacks predict $400-500 billion ARR for Anthropic in 2027
Gavin: "I'm going to take the over on whatever the Wall Street consensus is for 2027, which I don't know. I'll take a 25 to 30% over on that."
"I think $400-500 billion is in the zone of https://t.co/DeiPNb9u4Q
Too aggressive re Anthropic. Base case of $250 B ‘27 exit run rate (same size as MSFT & Meta) seems wild but achievable. $450 B (size of Apple & Google) seems too aggressive given compute & regulatory constraints. Margins also likely lumpy as big compute comes online. 🧐📈 https://t.co/UVbtDz2CSl
What if your dinner could fly over traffic instead of sitting in it? We are now scaling to provide Uber Eats more than 1 million autonomous deliveries a day. Uber is becoming an investor in Zipline. We’ve entered the scaling era for robotics and physical AI. https://t.co/8y17YrRZat
People are worried about their bills & their futures. We have been here before. The answer is to double down on capitalism & make it work for everybody! By the end of October we will create 73 MILLION privately owned investment accounts for every person under 18 in America. 🇺🇸🚀 https://t.co/dJMLxXMD1f
1/2 Thanks Gavin for an especially thoughtful exchange. I don't usually spend much time on social media but I wanted to engage here because it really brings out the heart of an important conversation.
First, on regulation, I think that “either concentrate it in the hands of a https://t.co/2W6vWJAE8Y
Excellent, candid back & forth on complex subjects that benefit from a good faith Saturday afternoon exchange! Thx @_sholtodouglas & @GavinSBaker for kicking off & super helpful to have @DarioAmodei weigh in. 🙏 https://t.co/dnz78OjaJm
CNN Commentator Earns Applause From Bill Maher’s Audience After Heaping Praise on Trump Accounts
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Replying to martin_casado
🚀Thank you Cursor for the honor of a career to work together. You changed how software is written. While I'm sad to step off the board, SpaceX is a perfect fit. I can't wait to watch y'all continue to change the course of the industry (and humanity) as a frontier AI leader🚀 https://t.co/8WYzZRMrLk
I was devastated to learn this week that Owen van Natta passed away. He was my mentor and closest friend for the decade that we worked together at Amazon and Facebook. We traveled all over the world together, played tennis and basketball, and bbq'd with our families on weekends. https://t.co/hR25pwWNDb
VCs getting ready to dump their generational Anthropic bags onto retail investors at a $2 trillion valuation https://t.co/Qm4eUKg6PB https://t.co/t0mzQKoFQ9
Today, we announced that we crossed $7B in revenue run-rate, growing over 80% year over year in Q2.
We also shared:
🚀 $100M+ revenue run-rate for Lakebase
🚀 $1.5B+ revenue run-rate for Lakehouse, growing over 100% year over year
🚀 Continued positive adjusted free cash flow
@alighodsi Truly legendary. I have watched Ali & team brilliantly stack S curves for a decade. Nobody could touch their execution. Their growth & success was not a single product. They didn’t wait for markets - they took risks & defined markets. We are grateful shareholders. 📈🫡
Six years ago, President Trump launched the Abraham Accords and opened a new chapter of peace, partnership, and prosperity in the Middle East.
Many said it was impossible. But with courageous leadership, persistence, and a small group of people willing to challenge old
The mighty A100 fleet are mission-capable from 2020 through 2029. NVIDIA computing is more than chips. CUDA gives developers and NVIDIA engineers a common platform to continually upgrade Ampere, Hopper and Blackwell throughout their useful lives.
CUDA makes NVIDIA computing https://t.co/KQ1kp7Vpae
we feel extraordinarily fortunate to be building during a period of such profound innovation. we believe that Holdings is only a small fraction of what it can become https://t.co/yRbXVBMpAx
The reality is what we are seeing unfold is Nvidia speedrunning the creation of a synthetic hyperscaler.
Apologies in advance to all the investors who are stuck in their priors that this will trigger.
But what is a hyperscaler? Strip it down and it’s a scaled infrastructure
Eric says the biggest mistake investors made in cloud was undersizing the market, and everyone is doing it again with AI:
"In 2014, a really common narrative was AWS is going to eat everything. There's no enterprise opportunity left.
Think about 2014 to now. You have Snowflake, https://t.co/PNBFXJ9qaj https://t.co/dKfqkZLrHr
@patrick_oshag Yes! Size of TAM only explanation for Anthropic & OAI revenue scaling - we have never seen anything like it. 10x faster than Google & Meta at comparable scale. 🎯
Many tech companies report Adjusted EBITDA as their primary profit metric, excluding a range of items relative to GAAP net income. It's a reasonable bridge for a company that hasn't yet demonstrated its unit economics or profitability at scale. But bridge metrics should have a https://t.co/AuZUGjgHH6
Trump Accounts activation is broken by one character. Adding a child born after July 4 (Add child → No... → Go to IRS...) sends you to a dead link https://t.co/dH4ZKfXGxq. Drop the trailing slash and the site loads fine. @AskTrumpAccts @TrumpAccounts @altcap @IRSnews https://t.co/Qu2u4AhmbI
Microsoft lost its magic 6 months ago, then OpenAI, now Anthropic growth slowing and Gemini is average.
FT person of the year every other month is a Chinese model company founder.
Wrappers now have moats.
It’s just beautiful to be in the middle of all this. https://t.co/qKyLtqTWDC
@IbrahimAjami Really? OpenAI & Anthropic are the fastest growing companies at scale in history. And cooking - arguably extending their research leads & gaining share of wallet / economics. Open source is also thriving which is grt - but not zero sum. 🧐
MY DATA CENTER POLICY PLEDGE: OHIOANS-FIRST
A top concern I hear from Ohioans across our state – second only to property taxes – is the accelerating pace of data center expansion. Key citizen concerns about data centers include rising electric bills, noise, pollution, and the
Okay, kiddo! Let’s pretend we’re making the tiniest LEGO pieces ever for a super-smart robot brain (that’s a computer chip).
To draw those itty-bitty pictures on a flat piece of shiny sand (silicon), we need a special kind of invisible light. Regular light is too fat and fuzzy. https://t.co/174zbKcESj
POD UP!🚨 Fifth Bestie @altcap Joins the Show!
Brad fills in for @chamath and the Besties discuss:
-- Google's AI Shakeup: Brain Drain or Strategy? $GOOG
-- SpaceX's Massive Quarter: Terafab, Capex, EWS, $1T Projection $SPCX
-- Airtable Sells for a 90% Discount, Signs of https://t.co/DLu5LHByOK
“
Inside the segment results, the hosts found a business that barely needs AI to justify its value. Starlink now has 12 million subscribers, doubled year over year, growing 20% quarter over quarter at a $66 monthly ARPU, generating $4.3 billion of revenue and $2.6 billion of adjusted EBIT in the quarter. Friedberg walked through the standalone math: at this trajectory, Starlink alone could reach roughly $40 billion of revenue and $30 billion of free cash flow within a year; at a 30x multiple for a high-renewal subscription business, that is a trillion-dollar market cap on its own within 18 months — with everything else (Starship, the AI data centers, the terafab semiconductor project) as ”
Google’s AI Brain Drain, SpaceX's Huge Quarter, Airtable’s 90% Collapse, US Data Fuels China AI｜All-In with Chamath, Jason, Sacks & Friedberg — BigGo Finance
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Replying to Sundar Pichai
Just shared some changes we’re making to the teams at @GoogleDeepMind.
@DemisHassabis is stepping up to become Chair of @GoogleDeepMind & Chief Scientist of Alphabet, in addition to leading @IsomorphicLabs. He’ll be able to dedicate his time and focus on shaping the future of
Today, we’re launching Alpamayo 2 Super, our frontier open reasoning model for autonomous vehicles.
Beyond seeing, Alpamayo understands and reasons through the complex world - thinks before it acts.
It’s a powerful backbone for robotaxis, trucks, shuttles, delivery vans, https://t.co/K6jS0XDR4b
It's not that frontier models are dead; it's that open-source models are surging in interest from corporate America and startups -- because people don't want to give their intelligence to private companies.
We will see Fontier models surge in revenue, sure... but Open Source https://t.co/5pKAx6yfLy
@Jason Agree. Grt competition! Share of tokens increasing at open source models (tho both still early in growth curve & growing rapidly). But share of wallet / AI economics continues to be ~ 90% to closed / frontier labs despite dire forecasts. The question is if / when changes. 🧐💰
Today, we're launching Base Core, our own battery designed & built in Texas, and announcing our $1B Series D to bring it to homes across the country.
Three years ago, we started Base with a belief that batteries were the unlock to energy abundance. We saw battery storage as the https://t.co/3rjG59wZvE
Zach, Justin & team are what I love best about the American innovation machine - solving massive problems at scale in record time. Grt product for homeowners & distributed energy storage will be key to winning the AI race. 🇺🇸🚀 https://t.co/CoDXsm7GM0
I heard from a trusted source that Anthropic’s ARR as of mid July was $80B
At the pace they’re on there’s a chance they crack $100B ARR by the end of August
Narrative violation. Have been hearing for 18 months frontier models dead. Competition w open source is not zero sum. If you want American AI to win u should cheer for open & closed - we need these revenues to pay for the $1-2 T annual capex build out of American AI. 🇺🇸🚀💰 https://t.co/5swFA78sel
Gavin Baker: "if you're a foundation model company and you do not have unique data and internet scale distribution, you are the fastest depreciating asset in human history - I think most of these companies are zeros, and there's like 10 of them"
this is him explaining why the https://t.co/0u3KQvT3yZ https://t.co/LrsbmVIVAN
“It's not that frontier models are dead; it's that open-source models are surging in interest from corporate America and startups -- because people don't want to give their intelligence to private companies.”
Investor and Builder See Growth in Frontier and Open AI Models · Brad Gerstner, Mckay Wrigley, @jason
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Replying to sarah guo
you can be maximally long the tech and still skeptical of the price of admission on a given opp. folks who bought Cisco at 200x in Mar-2000 were right about the internet (traffic grew > than even bulls projected) and still lost 85%. right about the tech != right about the surplus
Altimeter’s Brad Gerstner Says Anthropic's Revenue Run Rate Could Triple In 2026 As AI Worries Hit Tech Stocks
Quoted in printStocktwits
“Anthropic was literally counted out of the game last year, and they've kicked OpenAI's a** over the last 90 days. Bam, you have the largest revenue explosion in the history of technology,”
Altimeter’s Brad Gerstner Says Anthropic's Revenue Run Rate Could Triple In 2026 As AI Worries Hit Tech Stocks
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Quoting Karan Kunjur
Our biggest round yet: @K2SpaceCo has raised a $500M Series D at a $6.8B post-money valuation. The round was led by @kleinerperkins and @ICONIQCapital, with participation from @CapitalG, @lightspeedvp, @AltimeterCap, @sparkcapital, Sands Capital, @ARKInvest, @TRowePrice, and https://t.co/IT4NgQgUuf
Killer mission for America. Relentless founders & team. Stoked to add Kleiner, Iconiq ARK & Trowe to the K2 spaceship! Go big & deep in space to keep America safe & win the race. LFG! 🇺🇸🚀🇺🇸 https://t.co/Q5xoyufyhW
18 months ago, America had literally virtually no share of global semiconductor chip manufacturing. Now, Arizona alone has more than $500 billion in chip orders. We are now building Semiconductor Fabs at massive scale across the United States. American manufacturing is coming
"If we could go back to 2019 and show people our latest model, not only would they say that it's AGI, they would say that the economy would have been completely upended... That has not happened." https://t.co/r6EtZ7UYRQ
By the way, the fact that Ant revenue has been 10x-ing year over year, while compute has only been 3x-ing, suggests that there are very strong economies of scale in the model business.
Logically this makes sense - when you train a model, you pay this one time cost of learning https://t.co/YdXLVPnK2K
“We have a template for what doesn’t work. It’s called Europe.”
Palantir CEO Alex Karp torches Europe's tech scene — and credits American businesses for their all-in mentality on AI.
"What did Europe do? Shut everyone else out. What does Europe's tech scene look like? Our https://t.co/PAGr2VbCWL
Sam Altman: “Concentration of power with AI is a terrifying thing.”
"A lot of the talk about safety concerns is well-founded, and then a lot of it is about people that just really, even if it's slightly subconscious, wanna concentrate power.
I don't think anyone should want to https://t.co/p3vlScSDpQ https://t.co/XXeB7RZsM3
Through @TrumpAccounts, @POTUS is helping a new generation of Americans enter our economy with both a stake in its future and the knowledge of how to thrive in it. At today's Financial Literacy and Education Commission meeting, I was pleased to discuss how the most successful https://t.co/xxeyLz3OVB
7 M @TrumpAccounts in less than 30 days after launch & 86% going to families in the bottom 75% of household income! But we won’t stop there. The President has directed that every eligible child under 18 should automatically get an acct- a direct stake in the American Dream! 🇺🇸🚀 https://t.co/hRZiALkRtS
"Open" projects are already inherently safer than situations where proprietary large companies hold all the cards. More eyes, more transparency, more analysis.
This collaboration - multiple companies all working to ensure AI safety together - is the exact right move.
This is https://t.co/xpkGFbHBR3
Part of what’s making the OSS AI debate so tricky is people are working off completely different goals and premises.
If you believe in godlike RSI you’re thinking about who can be trusted with it. If you don’t you’re thinking about where should profits pool and what’s best
Just made contributions to my nephews @InvestAmerica24 accounts, couldn't have been easier! 🇺🇸
Newborn niece is next (just need birth certificate) 🥰
How it works:
1. Parents send link to individual accounts
2. Pay by debit card
Pretty simple. https://t.co/McR0Ow2mix https://t.co/wEpDRjByau
I'm excited to announce we have raised $300M led by @sequoia , with participation from @a16z , Jane Street, Diffusion, and SK Hynix. https://t.co/g20k2Jm4gl
@LibbySchaaf @Benioff Thx! Day 1. Huge expansion coming - auto entollment for every kid who has a social security number! BTW - @btaylor excited about adding bonus $$ to the @TrumpAccounts for the kids of Oakland! @InvestAmerica24
For my first post, I’m sharing a letter @NVIDIA signed on why open models matter.
AI will transform every industry, power every company, and be built by every country.
Open models strengthen safety and cybersecurity, accelerate innovation and diffusion, and enable sovereignty. https://t.co/t02bi51N4C
Fully endorse. America is winning. Anthropic, OpenAI, Google, SpaceX are doing more than fine competing against open source! Self regulation, free markets, level playing fields & max competition for the win. Let our AI horses run, compete & win around the world! 🇺🇸🚀 https://t.co/eaHG32iImz
Capitalism is a powerful force for good. It benefits everyone, especially those who lean in and help build the future.
But it’s under attack (again). Wealth taxes, price controls, government-run grocery stores, asset seizures. Fear is being used as a political lever and an
To argue that Yang Zhilin went back to China because it was easier to start an AI company and raise funds there is ludicrous.
You think American VCs wouldn’t fund a superstar AI researcher with a PhD from Carnegie Mellon and a degree from Tsinghua? Look at his rockstar https://t.co/Du0unw3ty9 https://t.co/cbFNgGNmXH
The amount of lab cope rn is insane. Call a win a win. Open source is doing well and the frontier labs are also crushing.
Both will co-exist and stack.
I’m not sure whether Dean Ball is confessing to a regulatory capture strategy or simply predicting this will happen (he now says the latter). Either way, the weaponization of regulatory uncertainty as a competitive tool should be completely unacceptable.
He argues there’s no https://t.co/0eLk6ltU0F https://t.co/ZxIFabAJZW
I totally agree w David that America needs a thriving open source ecosystem & robust competition between open source & closed frontier labs to keep America in the lead. Reg capture is bad in all forms. The frontier labs - like Apple - will thrive even w great open source. 🇺🇸🚀 https://t.co/8NWRqk7Ioq
Firefighters, Teachers, and Sheriffs Associations all come out against CA Socialist wealth tax Prop 40 promoted by AOC, Bernie & Ro that is driving companies, jobs and revenue out of the state.
Prediction - in 100 days, in a major blow to the national socialist agenda, the CA https://t.co/mE1LeBPoWG
Politico --- FIRST IN PLAYBOOK: NEW WEALTH TAX FOES — More public safety organizations are joining the coalition against a proposed tax on billionaires’ assets, with the California Professional Firefighters and California State Sheriffs coming out against Proposition 40 today.
Firefighters, Teachers, and Sheriffs Associations all come out against CA Socialist wealth tax Prop 40 promoted by AOC, Bernie & Ro that is driving companies, jobs and revenue out of the state.
Prediction - in 100 days, in a major blow to the national socialist agenda, the CA https://t.co/mE1LeBPoWG
Trying to schedule a calcium scan after reading about how important it is.
Primary care doctor (Jefferson Health System) first available annual physical is Sept 24, saying I need to meet them before potentially referring me.
Call around to other options like Cardiology https://t.co/ebntd5f8Tk
@altcap @American_Heart Brad I love this! Great work! I wonder how much one of these is without insurance. I'm almost 45 and wondering if its time to get checked, however I dont have insurance.
We bought a mobile CAC heart scanner in Silicon Valley - we offer to companies at fair value that subsidizes us to provide to low income patients for free. 11 of 95 people scanned at company yesterday needed follow up / intervention. Get your scan today! 🤍❤️ @American_Heart https://t.co/HWIQ04wFVD
Indiana finished Fiscal Year 2026 with a $1.86 BILLION surplus and nearly $4 BILLION in total reserves.
I promised to right-size government, spend taxpayer dollars wisely, and grow our economy. Today’s results show that strategy is working.
Indiana is setting the national
Universal Basic Capitalism.
A whole generation growing up watching an account compound will never think “America doesn’t work for me.” They’ll think “I’m already in.” [the American dream] https://t.co/Av81e4L5qr
@jgebbia @jgebbia - amazing job all together
Improvement 1: share link feels like there are only 3 options, when in fact a user can choose their own destiny in the amount to give. My boomer parents will not know to enter the amount field + enter whatever amount they feel.
Improvement
The Trump Accounts app is the ultimate proof that the government can do things well.
It is also clear proof of how much fraud has been perpetrated on the American people through government contracts to insiders and NGOs.
There’s no excuse anymore, the veil is lifted. https://t.co/HjdkWh37nS
Really good - especially the second half with @altcap Brad Gerstner on Trump Accounts and what that means for millions of kids and their families - so impressive with what it is and how it got done.
https://t.co/HVNuRX0OTd
@altcap @TrumpAccounts @BeckyQuick @WarrenBuffett Fantastic. Voluntarism is more powerful than socialism. It preserves more individual agency and consent over top-down coercive redistribution.
It also fosters moral responsibility rather than resentment or dependency.
When it's done right, it advances human flourishing.
Buffett is the greatest investor of all time - synonymous w the American Dream. He inspired me to start Invest America | @TrumpAccounts. So as he considers donating all of his Berkshire shares by 2034 - along w Howard, Susie & Peter - there could be no more fitting legacy on https://t.co/2LYTqaQGco
“if you're talking about replacing a software engineer for two hours, that may take 2,000,000 expensive tokens. And the consequence of using something that's 95% as good is really high.”
“if an AI agent is replacing a $200 an hour consultant right? Take that as an example. So three consulting firms, they're competing. They need the smartest consultant. It they're charging $200 an hour.”
“if an AI agent is replacing a $200 an hour consultant right? Take that as an example. So three consulting firms, they're competing. They need the smartest consultant.”
“The difference between spending $3 on a cheap model or $15 on an expensive model to replace a $200 an hour consultant. It's just irrelevance. That inference cost difference is irrelevant”
“People are speculating that the intelligence gap between that commodity stuff and the frontier stuff is going to collapse to the point that people won't pay”
“People are speculating that the intelligence gap between that commodity stuff and the frontier stuff is going to collapse to the point that people won't pay for the frontier stuff.”
Three weeks ago, the @Saronic Corsair brought two American aviators home.
Last night, Corsairs hit Bandar Abbas in the first US sea drone combat strike.
Look out for more news on Saronic soon; they aren’t resting on their laurels. Just getting going.
Proud of this team 🇺🇲 https://t.co/dzMuFFS25o
Brad, thank you for your work on creating the Trump accounts. Implemented with fidelity, these accounts will be transformative for the next generation. I have contributed to my grandchildren’s accounts and am looking for ways to help many others. https://t.co/kmUBMv8HCr
@JebBush Thx Jeb - and thx for your leadership in recognizing the power & compassion of an ownership vs. a dependency society. I have ideas for you. You can “adopt” a school for about $150k tax deductible - its a great way to honor public schools & get kids in the game! 🇺🇸🚀
Senator Lindsey Graham (R-SC), appearing overall outwardly healthy, spoke to reporters yesterday in the Ukrainian capital of Kyiv, expressing support for the White House’s decision to impose tougher sanctions on Russia. Roughly 24 hours later, he was dead from sudden cardiac https://t.co/8HslhEJSVv https://t.co/xXwW75wVMQ
A tragic reminder - get your CAC scan - the mammogram for the heart. Cardiac arrest / heart disease is the #1 killer & largely preventable. $150 & 15 mins to save your life. In honor of Sen. Graham we should immediately cover w insurance & launch a natl ad campaign. 🤍 @DrOz https://t.co/5pwYRTlV5L
Small businesses can contribute up to $2,500 per year, per employee to Trump Accounts.
An incentive for workers – and an investment in the next generation of small business owners! https://t.co/lmulMhSAcE
@SBA_Kelly @SophieLMartin Every small business like Altimeter - 35 employees / 80 kids - can donate $100 to $2500 per kid per yr. Game changer for your employee families. Restaurant, realtor, contractor - all small biz owners can make a huge difference! 🇺🇸🚀
🚨 POD UP! Fifth Bestie Brad Gerstner is BACK!
@altcap fills in for @friedberg:
-- OpenAI vs Anthropic IPOs
-- The Open Source Decision in July 2026
-- Meta's New Model, Zuck's Price War
-- China to Crack Down on Open Source?
-- Trump Accounts Launch
(0:00) Bestie intros: https://t.co/cHqrgagN6G
In just 5 days, families have poured over $125 million of their own money on top of that seed funding:
💰 70% of contributions under $250
💰 60% under $100
💰 6.5 million kids already have accounts
This is real families building real futures for their kids, starting right now. https://t.co/1tZydWXKxH
Summary:
I spent time trying to figure out this orchestration layer problem, can we design a multi model architecture in the long term. The more I dug in the more I understand that trying to build an abstracted layer is hard. As agentic activities increase and agent chaining and
@altcap Great work, Brad! The team at @NextGenPF looks forward to preparing the tens of thousands of teachers to provide students with the investing lessons they need to thrive in the future.
@TRanzetta @NextGenPF Tim - you have been an amazing leader on financial literacy - I have no doubt that @TrumpAccounts will be a huge accelerant yo your already amazing work! 🇺🇸🚀💰
@APompliano @MattLira @TocRadio Engagement off the charts and we are still in the very very early innings of what is to come. Demonstrates massive product market fit with American families across party lines. 🇺🇸🤍
🚨 JUST IN: In a MASSIVE shock to the Fake News, Trump Accounts in 5 days have received a SURGE of +$125 MILLION DOLLARS for America's children — that's not even counting $1,000 seed money and wealthy donor contributions
6.5 MILLION American children have accounts, and a vast https://t.co/vaSYMqAYfM
@EricLDaugh Day 1. Much bigger things coming. But this is the magical unlock that makes everybody a direct owner & participant in our capital markets rather than increasingly dependency on the govt. This is economic freedom! EVERY child a shareholder. 🇺🇸🤍
Today, I shared with the OpenAI team that I have decided to leave my full-time role at OpenAI and transition to being a part-time advisor.
Three months ago, I had to go on medical leave after a severe exacerbation of a chronic illness I’ve lived with for seven years. During that
SCOOP: Families are pouring money into @TrumpAccounts
In 5 days post July 4 app launch:
— nearly $125 million in individual contributions, excluding seed + philanthropic contributions
— 70% of contributions worth less than $250, 60% under $100
— Now +6.5 mil accts claimed
Millions of people - moms & dads, friends & family & small businesses making small individual contributions into kids @TrumpAccounts. This is the dream! As easy as Apple Pay - double click on your phone takes < 10 seconds. Give it a try - add to a kid’s dream today! 🇺🇸🚀💰 https://t.co/3q7NPBxlQz
Once parents fully understand Trump Accounts, it will be a massive weight lifted. Everyone has financial struggles. But knowing the kids will have a little something? Man. These are huge. Educating people on them, telling them to open them, so important. Civilization level.
“'I will give this administration credit for this,' Wes Moore said. 'We’ve had Democratic presidents, Republican presidents, who have not been able to get this done. And it actually got done. This is actually a smart policy.'” https://t.co/UjBgXG4jB3
Thank u Governor - it turns the parents of America agree! @TrumpAccounts are the #1 app in America for a reason - it’s great policy for America’s kids & families. Thx for your support - every child a direct shareholder in the American Dream! 🇺🇸🙏🚀 https://t.co/xgE2AYNDGU
“This is not a program. This is a platform [@TrumpAccounts]. It is the largest unlock of direct philanthropy in the history of the country.” – @altcap https://t.co/racTBgWnMj
It’s about time we raised a generation of OWNERS, not dependents!
Every American child can open a Trump Account, and every child born between January 1, 2025, and December 31, 2028, will receive a $1,000 investment to jump-start their future.
The comeback of the American Dream https://t.co/Upts8iq6lX
@nikesharora Percentage share of wallet / dollars is going up at closed source / frontier models over last 6 months. Decision makers are saying with their choices that the advantages accruing to a single model outweigh the downside of being single threaded for now. 🧐🧐
Trump Accounts are a huge win for the next generation of Georgians and Americans.
I’m especially thankful that Georgia’s foster kids are automatically being enrolled in these accounts with a $1,000 deposit. When I’m governor, I’ll push for the state to add another $1,000 to each
A historic day at the @WhiteHouse. The first opening bell ever rung from the Oval Office, launching @TrumpAccounts for America’s children. On behalf of @MicronTech, I am honored to stand with @POTUS, @InvestAmerica, and fellow leaders as we help provide Trump Accounts for 1 https://t.co/gtHGty5eZB
You sly dog @altcap, you actually did it.
This is the most amazing gift to American Capitalism. Proud that @boomsupersonic was one of the first to provide matching contributions. https://t.co/WKBMzWrrrT
Just 3 month ago @altcap was on @theallinpod saying Anthropic was fully hooked into AltCaps data lakes because of security vs using OpenClaw.
Is there a brewing concern that AltCap is giving its proprietary research and data alpha to Anthropic? Is open source now a viable https://t.co/UoK60BfV5C
SPACEX: SpaceX President and COO Gwynne Shotwell and her husband announced they are gifting one share of SpaceX stock to more than two million American children ages 11-17 with a Trump Account living in areas with lower average household incomes. They will emphasize those near https://t.co/e82KvR3NG4 https://t.co/MhY0tI1xW7
In the Trump Administration, we believe every American child should have a stake in their country's future. One way we’re making that happen is through Trump Accounts, which give $1,000 to every American child born between January 1, 2025 and December 31, 2028.
Trump Accounts https://t.co/kLrsIX7x7E
@JDVance Thx for your early encouragement & support Mr. Vice President! We are just getting started! 70 M accounts by the end of Oct & $100 B in deposits from friends, parents & philanthropists in the first 12 months. Every child now a direct shareholder in the American Dream! 🇺🇸🚀💰
What @altcap, @MichaelDell, now joined by @Gwynne_Shotwell and others have done for this up-and-coming generation of young Americans will be looked at as one of the most consequential and game changing initiative to give every child a stake into America's success. Truly amazing! https://t.co/aWgtGikcdn
@davidmarcus @InvestAmerica24 @MichaelDell @Gwynne_Shotwell I remember discussing with you yrs ago! Hoping u add $$ for kids of your employees & help spread the word to all our friends. The long tail of small businesses and ordinary citizens adopting schools or little league teams for bonus $$ into their accounts will be huge! 🇺🇸💰
Through the Working Families Tax Cuts, Republicans created @TrumpAccounts to invest in the next generation. 🇺🇸 These are going to be transformational for American children in every ZIP code, giving them a stake in our economy and an opportunity to build wealth.
Start investing https://t.co/Ch8IQrG2ot
@RepJasonSmith @TrumpAccounts Would not have happened without your early support Jason! Thank you for your love of red bull, love of country, and helping to make @TrumpAccounts a reality! 🇺🇸💰🚀
🇺🇸 YOUR NEWBORN JUST BECAME A CAPITALIST. WHY ISN'T EVERY PARENT TALKING ABOUT THIS?!
Trump Accounts are officially live, and this is one of the most powerful gifts any administration has ever handed to American families.
Every American child born between 2025 and 2028 gets a https://t.co/D0rvgJ4xtF
This game changing for the future of our country. Thank you to @altcap @MichaelDell @realDonaldTrump …please let me know how I can help… https://t.co/2MBWV1kiYQ
@FrancisSuarez @MichaelDell @realDonaldTrump Mr. Mayor - thank you. Let’s get even more friends to donate shares or $$ to kids accounts. Moms & dads. Adopt & add bonus $$ to all the kids in a school, town, team, city, state or across the country. We will have 70 M accounts opened by October - all kids under 18! 🇺🇸🚀👊
SpaceX President and COO Gwynne Shotwell and her husband have announced that they are donating ~$325 million of SpaceX stock to Trump Accounts for more than two million children across the U.S.
Every one of those kids will now have a direct stake in a company whose mission is https://t.co/nc1AnAsSWG https://t.co/pNn7KjXsEf
Perhaps we should give people a choice:
1. Collect social service X, Y or Z for $100
OR
2. Pass on social service X, Y or Z, and deposit $25 into your @InvestAmerica24 account
Kinda like Amazon will give you an incentive to pass on two-day delivery and/or box all your https://t.co/Wf0RyNbYbe
Brad Gerstner of @altcap deserves all of our deep gratitude (and the Presidential Medal of Freedom IMHO) for his unwavering commitment to see his idea through to create a platform for the children of America to own a part of the greatest companies in the world.
The Invest https://t.co/1rDxD8KKtu
“Every child forevermore born into this country under the age of two is gonna get a thousand dollars invested in the S and P 500 that can compound for their lifetime.”
“Gwen Shotwell's gift this morning, an extraordinary gift. 2,000,000 shares of SpaceX to 2,000,000 kids that they'll hold in their accounts over the course of the the next ten to to twenty years.”
“I hope that over the course of the next few months we're going to be auto creating with the Social Security Administration 70,000,000 accounts for every kid under the age of 18”
“I hope that over the course of the next few months we're going to be auto creating with the Social Security Administration 70,000,000 accounts for every kid under the age of 18 so that we can get this money into those accounts and and get it compounding.”
“This is the single most important contributor to the GDP growth of The United States Of America this year. It's contributing over a 100 basis points of our GDP growth.”
“He's he's struck incredible deals with Anthropic and Google and Reflection and others. Really smart. Generated terrific amount of revenue. He's the best in the world at standing up AI data centers.”
@altcap Incredible that you got this done. I remember pacing around my kitchen island when you first told me this idea during Covid. I cannot imagine a simpler more unassailable solution to helping American kids. Too cool. Congrats to you and everyone involved.
I actually think the biggest unlock of Trump accounts isn't "a new way for people to invest" per se, it's a new way for philanthropic or employer-based contributions.
I think within a few years you see employers competing to offer Trump account contributions to kids as an https://t.co/Y1oRV8Mqyx
So proud and in awe of my dear friend @altcap, who, despite countless competing demands on his time and energy, pursued this mission with the relentless determination of the very best founders. Today is a testament to his vision, intellect, persistence, and exceptional diplomatic https://t.co/zKTnyrOK3z
.@TrumpAccounts are now LIVE!
Parents: sign your children up at https://t.co/eMcPnws3st and start investing in their futures.
✅ Up to $5,000/year in tax-advantaged contributions
✅ Eligible children can receive an initial $250 or $1,000 deposit
✅ The account transitions into
Trump Accounts are Donald Trump’s New Deal.
But instead of making Americans dependent on government, they will make every child in America a capitalist.
Every child will be an owner. Every child will have a stake. Every child will see that America’s free enterprise system is https://t.co/0cWRr2phsF
The @RobinhoodApp team + Joe Gebbia’s Department of Design absolutely nailed this. This interface lets you donate to friends and families accounts seamlessly. This is what all govt programs should look like!👇 https://t.co/xp4nJoYKDF
My husband and I are honored and thrilled to participate in the Invest America program and gift a share of our SpaceX stock to a Trump Account for each of more than two million children across our great nation.
Every American child under 18 can benefit from having a Trump https://t.co/M6UJQ26Y6N
Boom! 2 M shares of @SpaceX to the @TrumpAccounts of 2 M kids that will be held until they are 18. Thank you Gwynne & Robert for your extreme generosity. Every child an owner / shareholder in the American Dream! 🇺🇸🇺🇸🚀🚀 @WhiteHouse @MichaelDell https://t.co/ZjdVI09AH9
The launch of Trump Accounts marks one of the most significant expansions of savings and investment opportunities for American families in decades.
I was proud to author Trump Accounts into the Working Familes Tax Cut, ensuring every eligible child receives a $1,000 federal https://t.co/Ze7jdR4EWt
On @SquawkCNBC Monday morning from @WhiteHouse ahead of the first in history joint bell ringing of @NYSE & @Nasdaq from the Oval to celebrate @TrumpAccounts. Talking tech, economy, AI, markets & EVERY child a shareholder! 🇺🇸🚀🇺🇸 @andrewrsorkin @JoeSquawk https://t.co/6DqHzQTtFP
our older kid put two words together for the first time and i am approximately as amazed by this cognitive feat as i am by GPT-5.6 discovering new math
Thank you @altcap @vladtenev @jgebbia @abhishekf96 and everyone involved in creating the opportunity to invest in our future and our children’s future.
This is a phenomenal experience and reminds me of all the best elements of how Robinhood made finance approachable. Love this https://t.co/PsCSzM4HYj
@altcap Brad this is legendary. Every child a shareholder in the American economy from birth.
That is not a policy idea.
That is category design applied to citizenship.
You didn't ask how to fix inequality.
You asked a different question entirely.
What if every American child was an
.@TrumpAccounts are now live, giving every child a stake in the American Dream from day one thanks to @POTUS.
The Trump Accounts app is now updated with the full suite of account capabilities: you can start funding your child’s account, exploring financial education modules, and
Thank you @POTUS @realDonaldTrump, @SecScottBessent & the entire Trump Administration! 🇺🇸
“More than 6 million accounts have been requested ahead of today’s kickoff, with 1.4 million of those eligible for the $1,000, senior Treasury Department officials told reporters this https://t.co/XtQRKlcqPK
Today, on America’s 250th birthday, Susan and I are celebrating by giving $250 each to the first 25 million qualifying American children who sign up for their @InvestAmerica24 @TrumpAccounts.
This makes every child a shareholder in the greatest prosperity-creating engine the
Today, on the 250th anniversary of our country, Trump Accounts have arrived 🇺🇲
American families can start making contributions to their children’s Trump Accounts and build towards their long-term financial security from an early age. https://t.co/CMFmb5zmEz
A major upgrade to America's social contract has arrived. 🇺🇸
@TrumpAccounts are live.
Claim your child's account today at https://t.co/vNGI7EQ5N1 https://t.co/NFlNkdMV6c
250 years old & still Day 1. Because the people who are crazy enough to think they can change the world, are the ones who do. LFG. 🇺🇸🇺🇸🇺🇸🚀🚀🚀 @TrumpAccounts https://t.co/PB0VnAwAEd
Dear America,
Starting today, on the 250th birthday of our country, millions of children will now benefit from a new & powerful American birthright - a privately owned investment account from birth. Every child a shareholder in the great American economy!
American capitalism https://t.co/n19GjdWlFG
🚨🇺🇸 Trump just opened his signature kids' savings program to corporate stock donations, and the demand numbers are eye-popping.
"The Department of Treasury will now accept philanthropic contributions of readily tradable Publicly Traded Stock to help fund TRUMP ACCOUNTS for https://t.co/Gg5NXvVyxL
Millions of parents are sitting out Trump Accounts because of one misconception.
"It's only for newborns."
Wrong. Any child under 18 qualifies. Contributions open July 4th. The portal opens July 5th.
Here's everything you need to know before the window opens: ↓
As my summer in Washington comes to an end, I’m left with three reflections:
First, the people who serve in government deserve more credit than they often receive. Most are simply trying to do the best they can within an imperfect system.
Second, the gap between Democrats and https://t.co/aNwJE6VQa6
“The idea that starting this Saturday, every child born forevermore forevermore in the history of America will get an investment account at birth, seeded with a thousand dollars in the S and P 500 that will compound for their lifetime.”
“And the momentum we have around this is totally extraordinary. Every company that is signing up to add money to the accounts of of of the kids, of their employees, companies like Micron, Sanjay announced this week, $250,000,000 going to a million kids in the communities they serve.”
“Of course, everybody's familiar with the $6,250,000,000 gift from the Dells, but we have Ray Dalio in Connecticut, me in Indiana, Harold Hammond in Oklahoma.”
“I'll be at the White House on Monday for a historic joint bell ringing where the New York Stock Exchange and Nasdaq are coming together for the first time, and we're gonna ring the opening bell, a joint bell from the Oval Office for the first time in history, marking the celebration for the launch of these accounts.”
“If that revenue is on track, right, if they're headed to a $100,000,000,000 of exit revenue, you know, this year and and and have an IPO in the back half, I think you could see a really robust, you know, back half of the year.”
“If we wanna have a profit sharing between AI companies and citizens, we have a mechanism to do that directly without having to have an intermediary in the government.”
“Companies like Micron, Sanjay announced this week, $250,000,000 going to a million kids in the communities they serve. Of course, everybody's familiar with the $6,250,000,000 gift from the Dells,”
“Owning some shares in SpaceX, in Google, in OpenAI, and in Thropping. And all these companies that we're talking about, this is step one. Remember, this is a journey that will last decades,”
“I'll be at the White House on Monday for a historic joint bell ringing where the New York Stock Exchange and Nasdaq are coming together for the first time, and we're gonna ring the opening bell, a joint bell from the Oval Office”
“Think about the transformational effect of that. So we now have the ability to have large scale direct philanthropy, no middleman in the middle taking a rake of those proceeds”
“And we know when kids have savings, when they have investment, they're more likely to graduate from high school and college. They're more likely to buy a home.”
Every child forevermore a direct shareholder in the great American economy. No child left behind. 🇺🇸🚀🫡@realDonaldTrump @MichaelDell @TrumpAccounts https://t.co/koQmlxlpuD
As to rumors about the gov’t taking stakes in AI companies: 2 conditions MUST be met: (1) voluntary contribution vs. the Bernie forced tax / taking; (2) directly to citizen owned accounts vs. the Bernie slush fund. Coordinated by gov’t - but NEVER owned by gov’t. 🧐💰🇺🇸🚀 https://t.co/ufzBenklKa
There are two broad ways this can work:
1. You divide this 5% over all US households, handing each a direct stake.
2. You give the stake directly to the government.
(1) is fine. (2) is probably ruinous, akin to inviting rats to live and reproduce in the walls of your house. https://t.co/bNZELHOrN4
Here's a good reason to take pride in America: we created 1,200 new millionaires every single day last year.
That's 440,000 new millionaires in just one year, fueled by a booming stock market.
No other nation creates opportunity and wealth like the United States. #America250 https://t.co/cgnfpkeAVp
The American Dream has never belonged to one party. It belongs to every child. Grateful to be in Newark w @SenBooker signing up kids for @TrumpAccounts. In NJ over 1 M kids have at least $250 waiting in their free, lifetime investment account. 🇺🇸🚀 https://t.co/QIPzh7f0aw
The American Dream has never belonged to one party. It belongs to every child. Grateful to be in Newark w @SenBooker signing up kids for @TrumpAccounts. In NJ over 1 M kids have at least $250 waiting in their free, lifetime investment account. 🇺🇸🚀 https://t.co/QIPzh7f0aw
Over the past two weeks, we have worked closely with Anthropic to analyze and approve Fable 5 to ensure alignment across the US Government and strengthen America’s leadership in AI. https://t.co/PtVJWyQ9kH
Thank u to Sec Lutnick, @NotTomBrown & @WhiteHouse for moving so quickly to get America’s frontier models back online. Finding the safety balance was never going to be easy - but America is winning & this rapid response & new framework will accelerate us yet again. 🇺🇸🚀 https://t.co/IF9k6wiYi7
Great news! But we have no idea what Anthropic did to make the models “safe,” what commitments Anthropic has made going forward, and whether or how any of this applies to other frontier models in the government’s licensing queue. We know that GPT 5.6 is in that queue, but it’s https://t.co/69FVaMKrkw
Over the past two weeks, we have worked closely with Anthropic to analyze and approve Fable 5 to ensure alignment across the US Government and strengthen America’s leadership in AI. https://t.co/PtVJWyQ9kH
Under President Trump’s leadership the United States is the undisputed winner in the AI race.
My gratitude to companies across industries who continue to work closely with the White House to implement the President’s EO: “Promoting Advanced AI Innovation and Security.” This
THIS!
This is the path for US billionaires—and $100B companies—to give their money directly to American’s under the age of 5 yrs old
No charities taking a piece, no grifting, just straight cash into the stock market in @TrumpAccounts: DEMS & REPS love Trump Accts
#POSITIVITY https://t.co/QmDoTN4hqY
Today, Micron announced a $250 million investment to increase long-term savings opportunities for children and families through Trump Accounts (also known as 530A Accounts).
As part of this initiative, Micron is launching an employee matching benefit and providing community seed https://t.co/gReuPEVv9V
$250 M directly into 1 M kids @TrumpAccounts - a totally new type of massive philanthropy unlocked by the Invest America Act. Thank u Sanjay @MicronCEO for laying out a blueprint for businesses across America & welcome to the @InvestAmerica24 CEO Council! 🇺🇸🚀🇺🇸 https://t.co/rXrU1yjpBt
@altcap @altcap - Brad, do you think we could be headed towards nationalization of these LLMs or maybe these companies (Anthropic & OpenAi) turn into “Internet utilities” bcuz of cost pressures? With token routing, it seems likely to me. wrote about this here…
https://t.co/socceFWDWi
Introducing: First Pass!
Altimeter's new video series breaking down the latest trends in AI, hosted by myself and @palak_go
AI evolves so quickly. We wanted to create a series of short (~10 minute) videos taking a First Pass on the latest trends
First up: @simon_mo_ on GLM5.2 https://t.co/cu5o3RVTtP
Great to see the team open sourcing more content - love the quick hit 10 min mini-pod format on the most important question / topic of the week.
This week - Does GLM 5.2 really push the frontier?
Altimeter First Pass. 🧐🧐 https://t.co/MkWF4pRLmm
Inspiring day in Philadelphia signing kids up for @TrumpAccounts in bi-partisan fashion w the great @SenMcCormickPA & @SenFettermanPA. 1.2 million PA kids will get at least $250 & a free lifetime investment acct just for signing up. 🇺🇸🚀 https://t.co/5HuojU6j7q
Three things:
1. “It’s time for an economic reset” is the most terrifying thing I’ve ever heard an American politician say. If you don’t get what those words portend, you don’t understand 20th century history.
2. Among Democrats, Newsom is considered a moderate, not a https://t.co/2wsv9FpvnR
Me and Brad Gerstner asked Dan Loeb if he would donate $1 million to the kids of America🤣
Parents go claim your Trump accounts at https://t.co/pfZeGGryE4 for your child to receive shares in amazing companies!! @altcap @DanielSLoeb1 https://t.co/kCL0h9wi2o
Thank u @DanielSLoeb1 for being a great sport & stepping up for $1 M bonus dollars for kids opening their @TrumpAccounts this July 4! Every child a direct shareholder in the great American economy! 🇺🇸🚀 https://t.co/q0RuxWibn8
This is what’s causing Anthropic to aggressively beg for govt protection (see below). Customers are finding cheaper alternatives. Keeping employees requires continuing ultra-rich secondaries ($$$) that are dependent on revenue growth. When you can’t win on the field go to DC. https://t.co/fbO2MfiWHu
Fable is currently export controlled & rumors are that 5.6 will also be subject to an approval framework. Whatever jiu jitsu the Chinese are using to get us slow down our own frontier models while letting their models run free appears to be working. Who is capturing who? 🧐🇺🇸 https://t.co/1IukehhUKA
I'm excited to share that Qualcomm is acquiring Modular: this will accelerate our path to unifying accelerated compute with an open platform. This will also mark a new era in open software development for Qualcomm. 👇 https://t.co/0OjcEw7Sk8
So Brad just to be clear you disagree with @sama and OpenAI proposal and the idea of a national sovereign fund with a modest tax on AI and other companies? https://t.co/9GRkNq6rgZ
Correct. We don’t need more taxes. And I dont trust a slush fund that future administrations can seize at their pleasure for whatever their political agenda. I strongly encourage voluntary contributions of shares directly to citizen owned accounts or similar trust fund. 🇺🇸🤍 https://t.co/dkyfQroSdC
Also @friedberg do you oppose @sama Universal Basic Capital of 2.5 percent on AI companies for a dividend to Americans as asset seizure on the same grounds like you oppose the wealth tax? https://t.co/llwgqXb3Ig
@RoKhanna @friedberg @sama Yes - I oppose a forced tax of 2.5% that goes to gov’t no matter what fancy name you give it. Alternatively, I support & strongly encourage a voluntary corporate contribution that goes directly to citizen owned accounts that are beyond the reach of gov’t. 🇺🇸🤍
About time! 15 mins & $150 simple scan is best ROI in healthcare. Spot plaque. Avoid #1 killer. Yes more expensive angiogram even more accurate, but widespread Calcium CT as mammogram for heart would save 50k lives per yr. Heart attacks are a dumb way to die. ❤️❤️ https://t.co/CNC7ag3CAX
Hugely grateful to the team at @AltimeterCap for the chance to intern this summer.
As Einstein put it, "The more I learn, the more I realize how much I don't know." For me, that's only fueled my fascination for this industry.
Learning the toggles and fundamentals behind https://t.co/W3IYh3A1Wp
Very excited to welcome @NoamShazeer to OpenAI as our new lead for architecture research! His work on transformers, MoE, and efficient decoding have shaped modern AI.
He’s extremely AGI-pilled and is super thoughtful about making it all go well. Welcome, Noam! https://t.co/EIpAF50f1v
“In literally six weeks, they went from not in the game to $27,000,000,000 of AI hyperscaler revenue with big deals Google? With big deals from Anthropic and Google.”
“I think it was probably the next best lab in the country beyond the Frontier Labs. We thought this company could get to 10,000,000,000 in revenue on its own this year.”
“In fifteen days from now, you're gonna see twenty to thirty billion dollars of demand roll into the market as the index funds start buying the security.”
A sincere thank you to @altcap and @chamath for openly discussing heart health and preventive screening.
Their conversations encouraged me to take a closer look at my own cardiovascular health and get a coronary CT scan.
As my dr put it, the scan may have saved me from a much
A country of founders free & courageous enough to take the first step. Embracing risk. Pursuing dreams. Beyond the coercive hand of gov’t that crushes dreams around the world. This IS the American DNA - a golden formula that binds the generations. 🇺🇸🚀 https://t.co/ZSy8Utgbv1
I’m deeply inspired by @AntonioGracias , by his drive, focus, compassion, and strong moral compass. Everything he builds and invests in serves a greater vision for humanity.
As we celebrate the future of @SpaceX , I think most about his servant leadership: taking chances on https://t.co/cmUK81DBbR
PSA to parents out there. Trump Accounts are about something bigger than politics, they’re about giving the next generation of American kids a real financial head start
Every eligible child can begin building long-term savings through an investment account with a $1,000 https://t.co/5ynz2NVXWZ
“Giving every kid ownership from an early age is our North Star which is why we back Invest America | @TrumpAccounts.” @vladtenev has been a champion since his first convo w @altcap in 2021! 🇺🇸🇺🇸🚀🚀 https://t.co/ugEizEW0Io
I found the SpaceX IPO surprisingly emotional today. It reminded me of why I came to the US as an 18-year-old. Even then, I knew that I wanted to build stuff, and that the place to do it was America. There was no second option in the world.
The concept of American exceptionalism
If only people knew the pivotal role Marty Edelman played in the early days of building @GlobalFoundries.
Endless calls. Relentless travel — Germany, Singapore, New York, San Francisco.
All done with his signature class, laser focus, winning mindset… and that special reminder https://t.co/EXx74ue5xD
This is not sustainable.
Plutarch warned us 2,000 years ago that the imbalance between rich and poor is the oldest and most fatal ailment of all republics.
We have got to democratize our economy so that it works for all. https://t.co/6APdjhw4NU
@CAgovernor Agree - we need every child in the game from birth w an automatic Invest America | @TrumpAccounts - a direct owner & compounder in our greatest companies. Let’s raise the floor for ALL aligned w capitalism rather than attacking the innovators who put America on top. 🚀🇺🇸
@MidwestHedgie @OHare888 @evantindell I said she was anti-business & ran @elonmusk out of CA and celebrated as though she had helped the citizens of her state. Evidence below. Rest my case. https://t.co/B6mTiHSymo
Musk is worth more than South Africa’s GDP. @BernieSanders and I proposed a 5% tax on people like him.
In one year, it could fund:
- free public college & trade school
-$10/day childcare
- Special-needs education nationwide
Wealth inequality is the moral failure of our time. https://t.co/gQ07Z8xn7U
You are smarter than this Ro. Imagine if Bernie had taxed @elonmusk 100% on his PayPal capital gains. We would have no @Tesla or @SpaceX - none of those jobs or GDP. Who do you think allocated the capital better for society? He will already pay $100 B + in taxes - more than https://t.co/UWfWICAijR
@geoffwolfe @elonmusk @Tesla @SpaceX There is a marginal cost to everything. I made it 100% to prove a point. There is no tax too high for @BernieSanders & every punitive tax is a penalty on innovators - the source of human progress. Bernie - have u ever focused on the ROI on what we already spend?!
.@SpaceX goes public and settles at #7 in most valuable companies in the world on day one. This move makes @elonmusk 1st trillionaire.
It’s important to realize that success like this is a feature of our system, not a bug, said @altcap on CNBC moments ago. The returns on https://t.co/BqtLmk2AIW
@JeffEllery @altcap Not what I said. There IS a debate in some corners of Washington about legal immigration/limiting H1B's.. that's part of the point I was making. If you hear what you want, I can't help u
@altcap G-D BLESS YOU FOR SCHOOLING THE WOKE, LIBERAL, FOOLISH @TheJudgeCNBC just now on @CNBC ...
Disgusting how Scott would CONFLATE the ILLEGAL-OPEN BORDER - IMMIGRATION ISSUE with the LEGAL LAWFUL IMMIGRATION, which ALLOWED THE GENIUS @elonmusk - THE PATRIOT - INTO OUR GREAT
@AndyBerman6 @TheJudgeCNBC @CNBC @elonmusk I can assure you @TheJudgeCNBC is a defender of our borders BUT sees too many in DC tipping too far & making it hard for LEGAL immigration which is foundational to American success. We need to 4x our recruiting of the world’s best & brightest - we need easier & more thoughtful
Co-hosting @CNBC 12-1 PM today for @SpaceX IPO & opening trade! Talking all things Space & AI - Starship, Starlink, models & the race to hyperscale compute. A great day to celebrate innovation, markets, capitalism & America. 🇺🇸🚀🇺🇸 @elonmusk @ScottWapeerCNBC https://t.co/7XUF9UZ2Dg
Co-hosting @CNBC 12-1 PM today for @SpaceX IPO & opening trade! Talking all things Space & AI - Starship, Starlink, models & the race to hyperscale compute. A great day to celebrate innovation, markets, capitalism & America. 🇺🇸🚀🇺🇸 @elonmusk @ScottWapeerCNBC https://t.co/7XUF9UZ2Dg
Legend. Thank you @Gwynne_Shotwell from a grateful nation. Your unrelenting drive to put America back on top in space will never be forgotten! 🇺🇸🚀 https://t.co/IF1oFd9LeR
“It is certainly hard to believe that a little company that started in a warehouse in El Segundo is now going public with the largest IPO ever.”
Only in America. Congratulations to @elonmusk @SpaceX. This is the American Dream 🇺🇸💪🚀 https://t.co/YFytt6Ajtk
@FLOTUS & @USTreasury just announced “Foster the Future” initiative w @TrumpAccounts:
Calling upon all governors to auto-enroll all 330,000 children living in foster care w Trump Accounts.
All states should join this initiative!
👀 The policy framework Anthropic just released calls for policymakers to seed capital accounts (like Trump Accounts) with "equity in AI companies, so that beneficiaries share directly in nearer-term gains from AI-driven growth": https://t.co/Be3VoISas2 https://t.co/YAgcX4s2Bv
Endorse. As tweeted last week - needs to be voluntary & directly into citizen accts like @TrumpAccounts or a pooled trust acct exclusively for future account holders. Out of reach of gov’t. 🇺🇸🚀 https://t.co/FDPdDwkhoE
🇺🇸Jumpstart their financial future: Build your child's financial foundation right from the beginning. With $1,000 from @USTreasury, your child has a huge head start on the American dream.
https://t.co/BJfMpdYcuI
Download now:
📲Apple: https://t.co/W6syU2xs0h
📲Google: https://t.co/rkJeAfAQkX
24 days. We celebrate America 250 and a new American birthright. Every child a direct shareholder in America. Free $$. Free lifetime investment acct for all kids under 18. Claim it now! 🇺🇸🚀🤍 https://t.co/Nphv2EaVaX
Q1 earnings season is just about done, and this Q has been great for software. Looking at the YoY growth in quarterly net new ARR added, this was the best quarter (by a long shot) in last ~5 years https://t.co/lRZvE1xXID
Trump is reportedly considering taking stakes in AI companies and having discussions with CEOs in the coming week
Genuinely think that this is the wrong path to head down, especially if we want American leadership in AI
> incumbents become entrenched into the system, destroying
Yesterday, President Trump said the White House is exploring ways for Americans to directly benefit from the AI boom, including potential structures where the public shares in the success of leading AI companies. https://t.co/OHVf3MsQXy
@altcap Govt-stakes-in-AI went from fringe to everywhere on the pods this week. Planet Money’s even drawing the social-media to regulation parallel. But the real fight isn’t ownership, it’s discretion. Norway’s $2.2T fund owns ~1.5% of global equities, walled off from politicians. With
Inverting the Stack: Apoorv Agrawal on the Economics of AI
"America is not automatic. The life that you and I see here: Stanford, Silicon Valley, Palantir, the AI supercycle – these are not normal ecosystems. They exist because America has historically combined talent, capital, https://t.co/RmtQ6mE5XT
America is not automatic. Our tech & economic advantage only exists because of America’s unique DNA that from our founding combined talent, capital, risk tolerance, universities & smart immigration. In the Age of AI this unique American combo is more valuable than ever! 🇺🇸🚀🎯 https://t.co/ltz7G2DTHK
President Donald J. Trump announced that he is considering purchasing stakes in leading AI companies.🇺🇸💪
This initiative could allow ordinary citizens to become direct equity partners in major technology firms. 👏
https://t.co/iDOJppUeTr
When gov’t owns / controls the means of production it is socialism. I don’t trust shares in the hands of some future politicians that can coerce or liquidate & spend on whatever their political beliefs. If purchased or donated the shares should be directly held by American https://t.co/EABTOwb97y
While I’m no fan of socialism or arbitrary confiscations of wealth, I can see why Bernie Sanders’ proposal (for the government to take a 50% stake in AI companies) resonates, including with many on the right.
The CEOs of the leading AI labs have told us repeatedly that they will https://t.co/CqWYYhkDhC
@RepBryanSteil Thx Bryan for your help to make this law! WI has 675k kids eligible for at least $250 & 115k kids get $1000 just for downloading the app & signing up! Let’s get them all compounding in America’s grt companies for life! 🇺🇸🚀@TrumpAccounts
I’m against gov’t “taking”/ nationalizing AI labs / other AI biz - terrible slippery slope / crony capitalism etc. BUT I’m encouraging founders / companies to donate shares for the direct benefit of all citizens thru a pooled private acct or ideally in their @TrumpAccounts. 🇺🇸 https://t.co/3GEakSvIrG
And founders / companies are all excited to give! They love the idea of direct philanthropy / private ownership of their shares & aligning Americans with the benefits & upside of their important missions! Expect some big announcements! 🇺🇸🚀🚀@InvestAmerica24 @MichaelDell
Wall Street Journal confirming our reporting today, with some new details that gov shares in OpenAi could go to Trump account-type program by @AmrithRamkumar & co https://t.co/EBiatAcDxs https://t.co/9EqA2dVNdN
I’m against gov’t “taking”/ nationalizing AI labs / other AI biz - terrible slippery slope / crony capitalism etc. BUT I’m encouraging founders / companies to donate shares for the direct benefit of all citizens thru a pooled private acct or ideally in their @TrumpAccounts. 🇺🇸 https://t.co/3GEakSvIrG
.@TrumpAccounts, established under the Working Families Tax Cuts, are about investing in our next generation.
Download the Trump Accounts app today and create a pathway of opportunity for your children! https://t.co/9FPqsnEC5S
@SenatorTimScott @TrumpAccounts Thx Senator for your early help to make this law! SC has 633k kids eligible for at least $250 & 118k kids get $1000 just for downloading the app & signing up! Let’s get them all compounding in America’s grt companies for life! 🇺🇸🚀@TrumpAccounts
As a father of two young kids, I keep thinking about this from Dara:
"I think we're doing our kids a disservice by giving them too much, being around too much.
You want to love your kids, you want to know that they're absolutely loved and appreciated.
But it's the challenges https://t.co/WwPysD09Ia https://t.co/ZV33EnF7n0
Many have reached out to me regarding the new Cyber EO. A few thoughts:
First, President Trump is the most pro-innovation president we’ve ever had. He’s made it clear that the U.S. has to win the AI race and that a pro-innovation, pro-energy, and pro-infrastructure policy is the https://t.co/4u9IvznYcc
The new Cyber AI EO is a good balancing between safety & speed. It gives the gov’t a short review period but expressly prohibits a new licensing / pre-clearance / permitting “FDA” for AI that would slow AI progress, risk jobs & our natl security. 🇺🇸 https://t.co/Oxs6jzru5b
AI is built on humanity’s collective knowledge.
The wealth it generates must benefit humanity — not just Elon Musk, Sam Altman and other AI oligarchs.
That’s why I’ll be introducing the American AI Sovereign Wealth Fund Act — to give the public a direct ownership stake. https://t.co/UqW71FBv2Z
Bernie’s socialist dream - partial nationalization of private industry a la Cuba, China, Venezuela. I would love to see companies & founders donate to all kids @trumpaccounts but against slippery slope of gov’t taking shares of private companies. Sure way to destroy America. 🇺🇸🚀 https://t.co/q6gkqGDYaJ
Starting July 4, Nebraska families will have a simple and secure way to access a major new savings and investment program for their kids. It’s called the Trump Account.
The Trump Account App launched by the Treasury Department will help onboard Americans into this new program.
@SenatorRicketts @SophieLMartin Thx Senator for your help in making this law! NE has 272k kids eligible for at least $250 & 48k kids get $1000 just for downloading the app & signing up! Let’s get them all compounding in America’s grt companies & maybe get Betkshire to add a few $$ as well! 🇺🇸🚀@TrumpAccounts
The world's richest centi-billionaire oligarch used his power to change the rules, so he could dump his garbage company (which is cartoonishly overvalued, unprofitable, and incinerating cash) on retail investors, using trillions of dollars in retirement funds as exit liquidity, https://t.co/P3HV35G7ar
Game 7 on @NBCSports is 🔥! Look for our @TrumpAccounts ad as the 2nd half heats up! Take 60 secs to download the app while watching & get every kid you know signed up. $250-$1000 for most kids under 10 - direct ownership in our greatest companies! 🇺🇸🚀🇺🇸 @MichaelDell https://t.co/57HQNeBlfL
"Lest we be overconfident in Silicon Valley, let's remember a small group of activists shut down supersonic technology, and all nuclear energy in this country. It's a disaster."
@altcap explains why a data center moratorium would be "horrific" for America:
"All of our GDP https://t.co/WYYUbMDBTv
A small group of activists shut down clean nuclear power - and now they are trying to do the same to data centers. It would plunge the country into a recession, high unemployment & risk our national security to China. 🇺🇸 https://t.co/oePBX4hnTg
@altcap Just want to thank you Brad for all of your good work especially the Trump accounts!
I opened one for each of my SEVEN grandchildren which will positively impact their lives via money but more importantly financial literacy!
Great news! If you are a parent who welcomed a new child since July 4th, you are eligible to sign up for $1,000 dollars to establish a tax-free investment account for your child’s financial future.
I proudly supported the creation of these accounts, and encourage Florida https://t.co/Hw7nJbuF57
@SenAshleyMoody Thanks Senator for your support in making this law! FL has 2.45 M kids eligible for at least $250 & 450k kids get $1000 just for downloading the app & signing up! Let’s get them all signed up & compounding in America’s greatest companies! 🇺🇸🚀@TrumpAccounts
“Every child under two, remember, is gonna get a thousand dollars automatically funded on July 4. Most kids between the age of two and 10 will get at least $250.”
“All of the money that goes into these accounts will be invested in the best 500 companies in America. They will be direct shareholders, a little bit of Nvidia,”
“It's gonna raise about 75 it's gonna raise about $75,000,000,000. Okay? So when when if Altimeter and we do wanna buy the SpaceX IPO, I've gotta raise that money from somewhere.”
“There's no human being on the planet that is better at turning electrons into tokens than Elon Musk. Right? Let me say that again. Because we focus a lot on the launch business.”
“Him building the data centers which are gonna power all of AI and him then using those to train up his own AI with incredible team, that he acquired from Cursor, I think is a total game changer for the IPO and puts them in a really”
Thanks to Republicans’ Working Families Tax Cuts, investing in our children’s future is easier than ever.
Trump Accounts pair innovation with opportunity to put America’s kids first—investing in financial success and jumpstarting the American Dream.
Help build your child’s https://t.co/WL1oo4NgnO
@SpeakerJohnson Thanks Mr. Speaker! There is no chance these accts happen without your early & active support! LA has 620k M kids eligible for at least $250 & 97k kids get $1000 just for downloading the app & signing up! Let’s get them all growing in our greatest companies! 🇺🇸🚀@TrumpAccounts
@JDVance knows the importance of investing in good design. Number 1 downloaded app in the store within 24 hours! 🇺🇸 https://t.co/gNbMDSEMqA https://t.co/wYnBuwrFnO
Boom! @TrumpAccounts now the #3 app in America - just moved ahead of Google! Not bad for our little start-up! Tell every family & child to download now to make sure all children start life with their own shares in the upside of our greatest companies! 🇺🇸🚀🇺🇸 https://t.co/o9ly3q4esf
The world finally realizing that $DELL is building the backbone of American AI. $51B + backlog. AI Server revenue + 757%. Full year guide from $140 B to $168 B. And the largest philanthropic gift in history $250 to 25 M American kids. The Best of America! 💪🇺🇸🚀 https://t.co/5Z7c4Su9iQ
Trump Accounts app is live today! Created by @HouseGOP in the Working Families Tax Cuts, these tax-deferred child investment accounts help American families invest in the next generation and secure financial opportunity for our future. https://t.co/2OMDlq6KST
@DrNealDunnFL2 @TrumpAccounts @HouseGOP Thanks Congressman for your support in making this law! FL has 2.45 M kids eligible for at least $250 & 450k kids get $1000 just for downloading the app & signing up! Let’s get them all signed up & compounding in America’s greatest companies! 🇺🇸🚀@TrumpAccounts
Imagine if every American child started life with a financial foundation already in place. That's no longer a what-if, it's a REALITY.
President Trump and House Republicans created Trump Accounts so that every American kid gets a head start on the American Dream. 🇺🇸 https://t.co/xhXOVPNBgc
The official @TrumpAccounts app is available for download today, with a full rollout coming in the weeks ahead for everyone eligible who completes IRS Form 4547.
The app is simple, intuitive, and educational, and was designed under the direction of the @USTreasury in close https://t.co/t6D0yyrUgA
According to @SocialSecurity records, the name Klarity is quickly growing in popularity among baby names. You know what else is growing in popularity? Tax-deferred Trump Accounts. To establish an account for your child, visit: https://t.co/QLuekkDjLa#IRS https://t.co/00Kik72FMF
Trump Accounts are now LIVE!
Any child under 18 is eligible for these investment accounts. They build compound interest that jumpstarts your child’s future once they reach adulthood.
@POTUS is making the American Dream achievable again‼️ https://t.co/MNdc0HrRd0
@RepStutzman @POTUS Thanks Congressman for your support in making this law! IN has 871k kids eligible for at least $250 & 157k kids get $1000 just for downloading the app & signing up! Let’s get them all signed up & compounding in America’s greatest companies! 🇺🇸🚀@TrumpAccounts
Everyone who can take advantage of this should. 10, 20 + years from now this will go down as one of the most impactful initiatives of this Administration. Massive kudos to @altcap and @MichaelDell for getting this done. Smart private sector ideas + public sector listening = great https://t.co/oTw821JyIm
@altcap @stockmom 📈
Already filled out form 4547 x 2 for our two daughters, ages 4 and 2, and we’re grateful for @MichaelDell’s pending $250 contribution to each of them.
Now, we can’t wait to take full advantage of the $1,000 contribution for baby #3 after she’s born this September!
Big news for American families! The @TrumpAccounts app is LIVE today, the gateway to the most historic policy for American households in decades.
Every child. Every family. Every future shareholder.
The accounts officially launch on July 4th, but starting TODAY you can track
@PeteSessions @TrumpAccounts Thanks Congressman for your support in making this law! TX has 4.2 M kids eligible for at least $250 & 760k kids get $1000 just for downloading the app & signing up! Let’s get them all signed up & compounding in America’s greatest companies! 🇺🇸🚀@TrumpAccounts
Reminder that this comes directly from the treasury, from taxpayers (separate from the Dell contribution), and is a giant redistribution of wealth.
I like a lot of what Trump does. This isn’t one.
Link to my in-depth piece on it from 5 months ago below. https://t.co/ZLUeV7mh8R
@DLoesch As @JTLonsdale said to me, the Marxists are going to hate this - we are making every child a capitalist from birth. For little more than our foreign aid to Jordan, we get a firewall in defense of capitalism. This is the opposite of welfare. This is private ownership writ large.
🇺🇸If you haven't set up a Trump Account for your young children, what are you waiting for? This is an opportunity to reshape the financial future of your kids and start them down the path to creating wealth for generations to come! Download the app today.🇺🇸 https://t.co/G5NQ2igKZE
The Trump Accounts app is officially live today!
If you haven't already, fill out IRS Form 4547 or click below to make your election for the 2026 tax year.
https://t.co/oYLLyEDI31 https://t.co/X2golCfhjt
@RepHarshbarger Thanks for your support in making this law! TN has 900k kids eligible for at least $250 & 168k kids get $1000 just for downloading the app & signing up! Let’s get them all signed up & compounding in America’s greatest companies! 🇺🇸🚀@TrumpAccounts
Great news, the Trump Accounts App is live.
Every eligible child receives a $1,000 federal contribution, and families can contribute up to $5,000 a year. The program officially launches July 4. There is no better way to celebrate America's 250th birthday than investing in the https://t.co/fx9pmTVzm8
@Rep_Davidson Thanks Congressman for your support in making this law! OH has 1.4 M kids eligible for at least $250 & 250k kids get $1000 just for downloading the app & signing up! Let’s get them all signed up & compounding in America’s greatest companies! 🇺🇸🚀@TrumpAccounts
All personnel are accounted for and safe. It’s too early to know the root cause but we’re already working to find it. Very rough day, but we’ll rebuild whatever needs rebuilding and get back to flying. It’s worth it.
When you speak to young parents, they will all talk about how transformative Trump Accounts are for their children.
It is a savings game changer and will set up the future generation to achieve the American dream.
And it will be a huge part of President Trump's legacy. https://t.co/q3rOn6UZd1
Miami-Dade families, the @TrumpAccounts app is now live on all app stores! 📱
The @TrumpAccounts are a landmark initiative for American prosperity.
Now parents have the power to view and track them on mobile, becoming even better stewards of the bright future we want to build https://t.co/m58BYlnhNX
@RepVinceFong @TrumpAccounts @POTUS @SecScottBessent Thanks Congressman for your support in making this law! CA has 4.7 kids eligible for at least $250 & 775k kids get $1000 just for downloading the app & signing up! Let’s get them all signed up & compounding in America’s greatest companies! 🇺🇸🚀@TrumpAccounts
The new Trump Accounts app launched today, making it easier for families to manage these accounts.
One of the most powerful forces in building opportunity is time. The idea behind these accounts is simple: give children an early stake in the American economy and allow long-term https://t.co/6ynD2WSQai
@RepJeffHurd @TrumpAccounts Thanks Jeff for your support in making this law! CO has 698k kids eligible for at least $250 & 128k kids get $1000 just for downloading the app & signing up! Let’s get them all signed up & compounding in America’s greatest companies! 🇺🇸🚀@TrumpAccounts
Every child deserves the opportunity to build a stronger financial future and achieve the American Dream. Thank you @POTUS for investing in the next generation! https://t.co/eQ1562mJDg
@SenatorTimScott @POTUS Thanks Senator for your early & unwavering support in making this law! SC has 633k kids eligible for at least $250 & 118k kids get $1000 just for downloading the app & signing up! Let’s get them all signed up & compounding in America’s greatest companies! 🇺🇸🚀@TrumpAccounts
TRUMP accounts are now live!
Louisiana residents with babies born after January 1, 2025 can now sign up for a Trump investment account with a $1,000 deposit.
I voted to establish Trump accounts to help families invest in their children's long-term financial security. https://t.co/9jQf9pxFjl
@RepJuliaLetlow @TrumpAccounts Thanks Julia for your support in making this law! LA has 618k kids eligible for at least $250 & 97k kids get $1000 just for downloading the app & signing up! Let’s get them all signed up & compounding in America’s greatest companies! 🇺🇸🚀@TrumpAccounts
Exciting to see @USTreasury launch the Trump Accounts app nationwide, giving families a simple and secure way to access a major new savings and investment program for children – a significant effort to expand financial opportunity and long-term wealth-building for American https://t.co/LDCY5q6o49
@SenToddYoung @TrumpAccounts @USTreasury Thanks Todd for your critical support right from the start in making this law! IN has 880k kids eligible for at least $250 & 156k kids get $1000 just for downloading the app & signing up! Let’s get them all compounding in America’s greatest companies! 🇺🇸🚀@TrumpAccounts
Parents: The new Trump Accounts app makes it even easier to sign your child up for these childhood investment accounts. When it comes to the next generation’s financial success, there is no time to waste. Download the app today! https://t.co/DHIw6Q64Om
@SenatorWicker Thanks Senator for your support in making this law! MS has 386k kids eligible for at least $250 & 65k kids get $1000 just for downloading the app & signing up! Let’s get them all signed up & compounding in America’s greatest companies! 🇺🇸🚀@TrumpAccounts
“And when things are all washed out, when everybody's despondent like they were earlier this year over the start of the Iran war, maybe you take your portfolio to a large position.”
“We have incredible IPOs coming starting with SpaceX rumored on June 12. Hopefully, I'll be back in the New York Stock Exchange with you guys. It's gonna be an incredible IPO.”
“But the bigger risk right now is simply that we've come a long way quickly. Right? We could have a 10 to 20% consolidation in the socks or these other technology and AI markets,”
“There's no human being on the planet that is better at turning electrons into tokens than Elon Musk. Right? Let me say that again. Because we focus a lot on the launch business.”
The launch of the Trump Accounts app is another step toward empowering the next generation of Americans to succeed.
Whether it’s starting a business, attending trade school, or pursuing higher education, these accounts will help young Americans build a strong financial https://t.co/upbP0dPMBI
@RepRWilliams Thanks Congressman for your support in making this law! TX has 4.2 M kids eligible for at least $250 & 760k kids get $1000 just for downloading the app & signing up! Let’s get them all signed up & compounding in America’s greatest companies! 🇺🇸🚀@TrumpAccounts @GregAbbott_TX
Made possible by our Working Families Tax Cuts, Trump Accounts are a foundational resource for parents to help position their children for successful financial futures.
While accounts will officially open on July 4, Utahns can visit https://t.co/taOWLgPEJb or download the new https://t.co/38EpdDk4qq
@SenJohnCurtis @TrumpAccounts Thanks Senator for your strong support in making this law! UT has 510k kids eligible for at least $250 & 91k kids get $1000 just for downloading the app & signing up! Let’s get them all signed up & compounding in America’s greatest companies! 🇺🇸🚀@TrumpAccounts
🚨Trump Accounts app is officially LIVE!
I was proud to vote for the Working Families Tax Cuts so Wisconsin kids can get a jumpstart on the American Dream with a $1,000 investment account from day one.
Investing in the next generation means investing a stronger America. https://t.co/52qXbadFLF
@RepVanOrden @TrumpAccounts Thanks Congressman for your support in making this law! WI has 675k kids eligible for at least $250 & 115k kids get $1000 just for downloading the app & signing up! Let’s get them all signed up & compounding in America’s greatest companies! 🇺🇸🚀@TrumpAccounts
With @TrumpAccounts, your child’s $1,000 seed money invested early can grow into something huge over time:
• Age 18 → ~$5,600
• Age 30 → ~$17,500
• Age 45 → ~$73,000
• Age 65 → ~$490,000
That’s without contributing a single additional dollar.
Now imagine adding just https://t.co/8kXPObuI2i
@RepLisaMcClain @TrumpAccounts Thanks Lisa for your support in making this law! MI has 1.15 M kids eligible for at least $250 & 197k kids get $1000 just for downloading the app & signing up! Let’s get them all signed up & compounding in America’s greatest companies! 🇺🇸🚀
National Design Studio announces our next product launch: the TrumpAccounts mobile app 🚀
Incredible collab with @USTreasury, @RobinhoodApp @vladtenev and @BNYglobal.
@ndstudio 🇺🇸 https://t.co/X3mNkypinP
Parents have an incredible opportunity to jumpstart savings for their children.
Trump Accounts will help families invest in their child’s future helping them build financial security and long-term success.
https://t.co/eQp1JVuoTA
@RepSmucker @TrumpAccounts Thanks Congressman for your support in making this law! PA has 1.45 M kids eligible for at least $250 & 250k kids get $1000 just for downloading the app & signing up! Let’s get them all signed up & compounding in America’s greatest companies! 🇺🇸🚀
The app to manage Trump Accounts is officially live. Download the app using the link below to prepare for Trump Accounts to launch on July Fourth and learn more about how more American children can participate in the long-term growth of the American economy.
Thank you, President https://t.co/e9VL9TidL5
@RepMeuser @TrumpAccounts Thanks Congressman for your support in making this law! PA has 1.45 M kids eligible for at least $250 & 260k kids get $1000 just for downloading the app & signing up! Let’s get them all signed up & compounding in America’s greatest companies! 🇺🇸🚀
Our best moment of the Indy 500 yesterday was when nearly 400,000 Americans at the world’s largest single-day sporting event went completely silent for the playing of Taps.
Our country never takes for granted the profound sacrifices that have been made in the defense of https://t.co/HZWUdhRavP
@ZachNunn Thanks Congressman for your support in making this law! If you add $20 per week it is closer to 50k at age 18! Iowa has 400k kids eligible for at least $250 & 72k kids get $1000 just for downloading the app & signing up! 🇺🇸🚀
The @TrumpAccounts app is officially LIVE — helping families invest in their children’s future and build long-term financial security.
President Trump is putting the American Dream back within reach for future Americans. https://t.co/DW1Yp9DSiy
@SteveScalise @SophieLMartin @TrumpAccounts Thanks Congressman for your early support in making this law! Louisiana has 620k kids eligible for at least $250 & 97k kids get $1000 just for downloading the app & signing up! Let’s get them all signed up & compounding in America’s greatest companies! 🇺🇸🚀
The Trump Accounts app is officially live.
Nearly 6 million children already have these savings accounts established, helping families invest in their children's future from birth. https://t.co/Ge1CV3cRqI
@RepWalberg @TrumpAccounts Thanks Congressman for your support in making this law! MI has 1.15 M kids eligible for at least $250 & 197k kids get $1000 just for downloading the app & signing up! Let’s get them all signed up & compounding in America’s greatest companies! 🇺🇸🚀
The @TrumpAccounts app has officially launched!
This program lowers barriers to investing and creates a bridge to the financial system early on—helping build long-term financial security for America’s future generation. https://t.co/SNV3cI3bTJ
@SenCapito @TrumpAccounts Thanks Senator for your support in making this law! WV has 195k kids eligible for at least $250 & 34k kids get $1000 just for downloading the app & signing up! Let’s get them all signed up & compounding in America’s greatest companies! 🇺🇸🚀
🚨 ATTENTION PARENTS 🚨
The Trump accounts app is now live.
Ahead of the July 4 launch of Trump Accounts, families can now download the app to learn more and prepare to manage accounts for eligible children.
Sign up here: https://t.co/dzEZubiQLi https://t.co/dK1l4ziGx5
@RepAndyHarrisMD Thanks Congressman for your support in making this law! Maryland has 750k kids eligible for at least $250 & 125k kids get $1000 just for downloading the app & signing up! Let’s get them all signed up & compounding in America’s greatest companies! 🇺🇸🚀
Today, @USTreasury launched the Trump Accounts app to give hard working Arkansas families an easy, secure way to save for their kids’ future.
Thank you President Trump and @SecScottBessent for investing in the next generation. https://t.co/JmIcYcGlgm
@SenTomCotton @TrumpAccounts @USTreasury @SecScottBessent Thanks Senator for your support in making this law! Arkansas has 400k kids eligible for at least $250 just for downloading the app and claiming their account & 71k that will get $1000! Lets get them all signed up & compounding in the best companies in America! 🇺🇸🚀
"The app is now available on all major platforms, bringing the president's vision directly to American homes." - @SecScottBessent
DOWNLOAD NOW!
📲 https://t.co/aaHh9hPu7m
📲 https://t.co/v6AOEgSnlG https://t.co/I3vKK1doZt
Make sure every child under 18 & their families that u know download their @TrumpAccounts app today! All kids under 2 get $1000! Most kids 2-10 at least $250! And kids 10-17 a free lifetime 401k like acct that employers & others will add $$ to! Every child a shareholder! 🇺🇸🚀 https://t.co/sEbe4s14Sv
The White House officially launched the Trump Accounts app today! I was extremely proud to vote for the creation of this program in the Working Families Tax Cuts, so children across the country can have a jumpstart on their financial security with a $1,000 investment.
If you are https://t.co/bxp7DzpBTa
The Trump Accounts app is live today! This will bring information on your child’s account to your fingertips, and your family will be able to see the power of compounding interest in real time! 🇺🇸 https://t.co/w4XNRjrwob
@RepBlakeMoore @TrumpAccounts Thanks Congressman for being front & center from the first call to make this a reality. Today is Day 1 - but we don’t get here without your leadership & support! 🇺🇸🚀
The American Dream begins with the American family.
The Trump administration is investing in the next generation, and now parents can sign up to manage Trump Accounts directly through the app. ⬇️ https://t.co/LP4CCtu73R
Trump Accounts are live!
In July, I voted to pass the Working Families Tax Cuts to give our next generation a head start on the American Dream.
Thanks to @POTUS and @HouseGOP, Trump Accounts will help American families build a strong financial foundation for the future.
The https://t.co/CaZ2G0ZXvN
The American Dream just got a head start.
Every child born between 2025–2028 receives a $1,000 Trump Account that could grow to $200,000+ by age 55.
Nearly 6 million kids already have accounts, and today, the app officially launches on all major platforms!
Enroll at https://t.co/aZ4ZP9XkUW
Trump Accounts offer a historic chance to reshape the future for the next generation. By transforming how Americans save and invest today, we can build long-term financial security for tomorrow. https://t.co/yrjqY9Ir6g
The American Dream is alive and well because we are committed to setting the next generation up for success! I couldn’t be more excited that our children will have the opportunity from day one to be shareholders in the greatest country in the world. 🇺🇸
I’m especially proud that https://t.co/BjG3Nq96rj
This app is stunning.
A super underrated aspect to the Trump White House has been the app and web design of TrumpRX and now the Trump Accounts. https://t.co/D2Z5ZVexWj
@baldwin_daniel_ @SophieLMartin Design matters. It shows that you respect your customers - in this case the citizens of the U.S. who pay for all of this! 🇺🇸@jgebbia @USTreasury
Helping young Americans build financial security early in life is a smart investment in our country’s future.
@TrumpAccounts give families more tools to save, invest, and create opportunity for the next generation. https://t.co/mwlpHANHrM
.@TrumpAccounts offer a historic opportunity for our next generation to build wealth and access the American Dream.
This new app from @USTreasury will increase accessibility, transparency, and opportunity, helping Americans nationwide invest in their future. https://t.co/kVYkFOmyIo
Trump Accounts give small businesses a new way to invest in the next generation by supporting the hardworking families behind their success. Download the app ahead of the official July 4 launch to see how it can help build long-term financial security for America’s future. https://t.co/jsBjflny27
Altimeter will be adding money via the @TrumpAccounts app QR code to all ~ 80 kids of our 35 employees. Every small business in America can do the same! Even $100 makes a huge difference & makes mom & dad even happier employees! 💰📈🚀 https://t.co/dDMkEnWVuV
Back on @HalftimeReport @CNBC for a quick hit today at 12 pm ET to discuss the @TrumpAccounts launch, $SNOW earnings & latest on the AI race. 🧐📈🚀 https://t.co/ru5QxGKPl8
The best is yet to come! But thx for all the early talks about @InvestAmerica24 on @theallinpod in 2022 / 2023 - huge boosts to getting the Invest America Act passed. Every child forevermore a direct shareholder in America. 🇺🇸🚀🙏 https://t.co/QP0jH1TopX
Amazing! The Trump Accounts app will give families across America the ability to track their investments and watch their money grow in real time.
I was proud to draft and pass into law the legislation creating Trump Accounts.
This will unleash compound growth, expand financial https://t.co/vAf4uj7pdF
@Scavino47 Trump Accounts. EVERY child included in the American Dream - EVERY child a direct shareholder in our greatest companies from birth. Every rural street & city block. From Detroit down to Houston & NY to LA. The Main Street agenda. Promise made. Promise delivered. 🇺🇸
5 investors who backed @cerebras from Series A through E just made the @Forbes Midas List.
Their conviction from day one helped take Cerebras from an ambitious deep tech startup to one of the most valuable semiconductor IPOs of all time.
Congrats @ericvishria, @vassallo, https://t.co/Ohzt9ZXbSd
@juliechoi @cerebras @Forbes @ericvishria @vassallo The company’s blood, sweat, and irrepressible spirit makes the investor - not the other way around. @andrewdfeldman
Please enroll in this and please also let everybody, friends, family, strangers you encounter with young kids, or who might have young kids - to enroll. https://t.co/Em8cIrpw6i
@adamscrabble There are ~ 30 M kids in America under the age of 10 w at least $250 waiting for them in a free lifetime investment acct. Kids under 2 get $1000. 6.5 M kids have claimed their acct. Go claim yours now! @TrumpAccounts
Cerebras congratulates our investors for making the Midas List.
Eric Vishria, Steve Vassallo and Lior Susan led our series A.
Thomas Laffont led our series B and Brad Gerstner our series D and E.
We thank them for their extraordinary support over more than a decade and we https://t.co/96MLG7uJ7h
America was born on the promise that our kids will have a better tomorrow - the American Dream. On our 250th national bday we re-dedicate ourselves to this promise - a new birthright - where EVERY child begins life as a direct shareholder in the upside of America! 🇺🇸🚀🇺🇸 https://t.co/MUTallJms1
Congrats @altcap on the Midas List '26 recognition! @Forbes & @TrueBridgeCP can we get a special category for anyone that has to PM a HF while also building an epic VC portfolio 😉 Maybe call it the Deion Sanders list? @_IainMartin @TrueBridgeCP
https://t.co/qNbD7YGDkb
@altcap @LincGerstner There's patriotic and then there's Invest America Act + son named Lincoln patriotic.
There's levels to this shit. I need to up my game
“Dad, has Marc Andreessen ever re-tweeted you?” Great original economic research by @LincGerstner on the economic impact of tax policy deserving of a re-tweet. 🧐📉 https://t.co/QnejtwEXYl
California's "anchor" firms are growing fast - but they're doing it in other states.
With @LincGerstner we looked at 23 large public companies with strong CA employment presence: Alphabet / Google, Amazon (incl. AWS), Apple, Applied Materials, AT&T, Broadcom, Charles Schwab, https://t.co/jAIkobD1Sf
The data to prove what we know to be true - when you tax over 50%, threaten retroactive asset taxes & demonize business - u lose out. CA does well but could have done alot better. 250k lost jobs & billions in revenue from just 23 firms. 🧐🧐🧐 https://t.co/hx4BbMQssU
Why it is BS that we are in an AI infra bubble...
"We can't build data centers fast enough to keep up with demand.
We're not building ahead of demand. We're building behind demand.
We are trying to keep up with demand, not the other way around." @andrewdfeldman
What does no https://t.co/zT5haioF18
My father was a Special Forces operator with two tours in Vietnam and 20 years of service. To all those like my father, we all say thank you for your sacrifices. Without them we wouldn’t have the greatest country on Earth.
For 250 years America’s military families have sacrificed to defend America - asking for little in return. Today we are raising $$ for the kids of military families to add to their Invest America | @TrumpAccounts. Over $10 M already donated. 🇺🇸🚀🤍Matt@investamerica.org. https://t.co/tAdl8Bu2pu
Every school in America should sign up every child for a @TrumpAccounts. Yesterday, @kwsimpson & I “adopted” the @MMES_Panthers in Durham, NC to sign up 700 kids & give them each a bonus of $250. It’s a simple blueprint that communities throughout America can follow! 🇺🇸🚀 https://t.co/G79LipTHF7
Be like Jack. Get your CAC scan now. 15 mins & $150 can save your life. Heart attacks are a totally preventable killer! Time to cover the cost w insurance - widespread mammogram for the heart will save 50k lives & $10B per year! ❤️🇺🇸🚀@American_Heart @Ctr4HeartAtkPrv @DrOz https://t.co/HLrPrzDh3t
@HarryStebbings Even more important they created thousands of jobs, made the US more secure & will be used in tools that improve education & healthcare. And those millionaires will pay taxes, buy homes & invest in their communities. This grows the pie for everybody. 🇺🇸🚀
Jeff Bezos: "If I do my job right, the value to society and civilization from my for-profit companies will be much, much larger than the good that I do with my charitable giving." https://t.co/3svJ1onmAr
Invention driven by capitalism, free markets & freedom is the greatest intrinsic good the world has ever known. It has lifted billions out of the impoverished struggle for survival into lives of education, health & leisure. Philanthropy does not exist without it. @JeffBezos 🇺🇸 https://t.co/20PrVcpvWQ
Nvidia’s “AI hyperscaler” revenue grew 191% YoY in the April quarter ex China (effectively all hyperscaler).
Broadcom has guided to 143% YoY growth for their AI segment in their next quarter.
Interesting.
Jensen - “We are growing share in inference very very quickly…we are bringing on a very significant amount of capacity for Anthropic at AWS, Azure and CoreWeave and until recently our share of Anthropic was zero.” 📈🧐 https://t.co/qvqTFAxDAR
@elonmusk @JeffBezos Invention driven by capitalism, free markets & freedom is the greatest intrinsic good the world has ever known. It has lifted billions out of the impoverished struggle for survival into lives of education, health & leisure. Philanthropy does not exist without it. 🇺🇸🚀🤍
Gavin Baker: "I've been optimistic that the fundamental shortage of wafers, which is really controlled by Taiwan Semi, will prevent a bubble."
"If Taiwan Semi did what Jensen wanted, Nvidia could sell $2 trillion of GPUs in 2026 or 2027.
But there is a limit where consumers https://t.co/dl0JWatJbN https://t.co/ILvdsoySQe
Despite GB being inverse BG - we share alot of opinions including this one. Memory & power are also constraints. It doesn’t mean stocks can’t enter a bubble - but these constraints limit overbuild for next couple years. 🧐👊 https://t.co/eoGelikqeJ
Hey Brad @altcap, you mentioned in January in an interview that you no longer held any Meta shares. The latest 13F came out and shows Meta as a 19.6% portfolio weight. So have you gotten back in for Meta? What shifted? You were optimistic for Meta AI in your May 5 CNBC interview.
@daveneur Thanks for asking Dave. I have said many times beware of 13Fs - they often do not reflect economic exposure. They do not include shorts so if a manager “boxes” a position by selling an equal number of shares short - the 13f continues to only show the long position . 🧐📈
“I would say it's more in that range. That's what I'm hearing from the institutions. I think most of the demand over 300 is frankly retail that listen.”
“I think it's extraordinary that we're financing almost a trillion dollars of capex a year to build out the the entire AI infrastructure without any money from the US government.”
“We had the risk capital that stepped in, and now it's gonna go public today. I'm hearing in less than two minutes at over a 100 over a $100,000,000,000.”
@vassallo Brilliantly said Steve. And thanks for your incredible partnership along the way. We are truly blessed to partner w guys like Andrew who make no small plans - are relentless in their pursuit - and when successful move humanity forward. 👊🚀
I’m so fucking proud of this team.
They took an extraordinarily difficult technical swing with wafer-scale and connected on the first try.
Then they spent years grinding through packaging, cooling, compilers, frameworks, early customers, and everything else required to turn a https://t.co/AhGdrY5bvT
@ericvishria Well said Eric. You, Lior & Steve were warriors w the team at every step. 10 yrs pass in an instant - it turns out your life’s work becomes your life. Incredible highs, lows, friendships, & occasionally an epic celebration. No doubt Andrew already scaling the next mountain. 🚀
Thanks again @altcap for helping us understand why the $CBRS IPO today is so important in the AI story. Great having you on set for the hour on @HalftimeReport and into the first trade… Man, that was close! 😅
@TheJudgeCNBC @HalftimeReport Thx for creating the time for a real conversation - like an hour long live podcast on all things AI, $NVDA, $CBRS, software, economy, etc. Lets do it again for the @SpaceX IPO! 👊🧐 https://t.co/9Jlx0Jf377
Kudos to Brad Gerstner talking down Cerebras at over $300 (his firm owns it), saying it's retail froth driven: "caution a little bit today" "don't have uncapped orders"
Look forward to being live on set today at 12 pm w @CNBC @HalftimeReport for the first trade of @cerebras! Talking all things inference, AI, & the token economy. Grateful to have been an early & ongoing investor in this amazing company. 🇺🇸🚀🇺🇸 $CBRS @andrewdfeldman https://t.co/wyItrqMFyI
Krishna on how Anthropic thinks about the platform vs. application layer, and when they decide to build their own products like Claude Code.
It’s the question every investor and founder is thinking about:
“Most of what we're building is platform. There's so many examples of https://t.co/wan7aSUjwV https://t.co/Sz9NcB5lle
Must watch. Krishna is humble & purposely flies under the radar - but as the clip shows is a highly strategic thinker & incredibly well spoken CFO about where the company & industry is headed. An important voice in the AI discussion. 👊🇺🇸 https://t.co/LlVG3p3CZy
Wow! Congrats to @GovStitt for leading the nation by matching $250 to every @TrumpAccounts claimed by any child under 18 in OK! There are 950k kids in OK that now have $250 to $1250 in their free lifetime investment acct - it only takes 60 seconds to claim it now! 🇺🇸🚀💰@altcap https://t.co/aLwKjF1Wv3
2026 prediction: the inference hunger of long-horizon agents will drive a large number of domain-focused AI companies to post-train.
coding was just first https://t.co/ghQEcJYLnL
The confounding factor is that virtually every big company is overstaffed by 2-4x and has been for decades. AI is the catalyst/excuse to finally fix that. Of course nobody wants to say this out loud. https://t.co/f9iBd7YtVU
President Trump is the most forward leaning president on innovation in American history.
When it comes to AI and cyber security, President Trump and his administration are not in the business of picking winners and losers. This administration has one goal; ensure the best and
Misleading. 100% of all $$ in the @TrumpAccounts will be in a free index fund that tracks the S&P 500. No trading. No buying individual stocks. Period. However, we all want to maximize more multi-billion gifts into kids accts & the gifts may be cash / shares! 🇺🇸🚀 @MichaelDell https://t.co/Dn26gVFFit
“28% revenue growth out of Amazon at tremendous scale or 39% for Azure, 63% for Google, extraordinary. And of course, Anthropic is adding revenues at rates we've never seen before.”
“It was our best month in the history of Altimeter. And we're bouncing off, you know, a bottom that was a, you know, a tough month the month before, but we stayed the course.”
“I've said before, I think NVIDIA will be the first $10,000,000,000,000 company. I you know, as I sit here, you know, in in May '26, I believe that to be true.”
“Let me just give you a statistic. It's just eight quarters ago that collectively they were doing a $150,000,000,000 in revenue. Now they're doing $350,000,000,000 in revenue.”
“It's an unbelievable dream that became law last July 4. Starting in, on July 4, just sixty days from today, every child forevermore born in America will start off with an investment account at birth,”
“Starting in, on July 4, just sixty days from today, every child forevermore born in America will start off with an investment account at birth, automatic, stapled to their Social Security with a thousand dollars in the S and P 500.”
“80% of our capital has been in memory and logic and compute, you know, companies like Nvidia, companies like SK Hynix, companies like CoreWeave, etcetera. And so that's consumed a lot of capital.”
“if you look at the multiples, the fully taxed gap earnings of those businesses, the multiples are actually flat to down, Scott. They're they're trading at five x fully taxed earnings.”
“But I think if you just look at the numbers, a trillion dollars over the course of the next, you know, six to eight quarters, I think speaks for itself.”
This is just garbage analysis & extremism. Not helpful. You can do better & the world would benefit if u found an honest way to contribute to the AI conversation. 🤖📈🇺🇸 https://t.co/VDYRzKuzbF
There is zero historical evidence or evidence in the prediction markets of this fear mongering forecast. We are at 4.2% today - a historical low! Of course jobs will be lost & jobs created bc of AI - progress can be hard - but productive debate starts with honest forecasts. 📈 https://t.co/Nh9bEBo73R
When the CEO of Verizon predicts AI & robotics could lead to 20%-30% unemployment within the next few years, we may want to take notice.
AI is the most transformative technology in human history. We’re not prepared for it economically or socially. That must change. NOW.
This is just garbage analysis & extremism. Not helpful. You can do better & the world would benefit if u found an honest way to contribute to the AI conversation. 🤖📈🇺🇸 https://t.co/VDYRzKuzbF
It’s hard to overstate the advantage that comes from the US tech companies and capital markets willingness to see a big idea and just push all the chips into the center of the table. https://t.co/YXlooQP5w9
We tried a new thing with NVIDIA to roll out Codex across a whole company and it was awesome to see it work.
Let us know if you'd like to do it at your company! https://t.co/Xjn6ShrRuq
The U.S. has evidence that foreign entities, primarily in China, are running industrial-scale distillation campaigns to steal American AI. We will be taking action to protect American innovation.
These foreign entities are using tens of thousands of proxies and jailbreaking https://t.co/kSp1FReI7J
@mkratsios47 @RapidResponse47 Anti-distillation coordinated by the US Govt is precisely the type of policy leading labs & gov’t should be coordinating on. The US AI stack can win the global AI race w/ smart policies that promote global diffusion while protecting American IP. 🇺🇸💪🚀
I started @DellTech from a dorm room @UTAustin, and it shaped everything that followed. Building Dell showed me what’s possible when a company grows alongside a top-tier research university in a city that fuels new ideas.
For more than 25 years, Susan and I have partnered with
Michael & Susan remind me of the immense joy & impact of giving during your life rather than waiting until the end of life. Whether it is @UTAustin or Invest America | Trump Accounts - they are lifting up the world around them & setting a great example for others to follow. 🤍🇺🇸 https://t.co/Yb6rHKAkiG
@lancemiller @American_Heart True but CTAs too costly, invasive & complex referral to be used for mass screening. CACs give you 90% of the info you need - and if u see calcified plaques then highly likely also have soft plaque so can follow up w CTA to determine amounts & location of blockage.
Did this recently. I’m 36 and have a CAC of 2, which if very low, but critical for my age.
If I were 50-70 it would be expected. Maybe even mid-40s.
Now I am shifting my lifestyle more towards lowering my apob, lowering fasted glucose and glucose stability (slightly https://t.co/deFmWlOdmP
Heart attacks are the #1 killer in America & the CAC scan is the mammogram for the heart. We need widespread scans - 15 mins & $150 can save your life! Highest ROI in healthcare. Working hard to make CAC scan the standard of care paid by insurance. 🤍🇺🇸 @American_Heart https://t.co/f3lYvMJFWK
77 days until America 250 & a new era in capitalism where every child is a direct owner in America’s best companies! Hey Texas - 4 M kids have accounts w $$ waiting to be claimed. 🇺🇸🤠🚀@GregAbbott_TX @DanPatrick @tedcruz @MichaelDell @bgurley @TrumpAccounts https://t.co/2hOclcZPom
@InvestAmerica24 @altcap I have an idea. The tax form for the accounts are 4547. Good idea.
With that said could we add the children born during 2016-2020?
Seems only fair.
@matanSF Congrats! Incredible revenue growth and product velocity by Matan amd team! Watch these guys. America is winning - competition from Cursor, Cognition & Factory not to mention the labs are pushing the frontier further & faster! 💥🚀
5 M kids have claimed their account! 82 days until their parents get their $$ & shares in America’s grt companies live on their phone! Kids in every town, county, state in America are eligible - sign up! The break down for kids eligible in CA below. 🇺🇸🚀 https://t.co/4LJ9vCB269
“I’m building wealth & I can’t even walk yet - boom! All u babies out there - make sure you get signed up!” A new era in capitalism starts July, 4 2026. Nobody left behind. Every child an owner! 🇺🇸🚀@InvestAmerica24 @TrumpAccounts https://t.co/dPLbFOTKqB
Uber's CTO told @LauraBratton5 that AI coding tools—particularly Anthropic’s Claude Code—has already maxed out its 2026 AI budget 📈
“I'm back to the drawing board, because the budget I thought I would need is blown away already,” Neppalli Naga said.
https://t.co/4JIBfqUO7V
Most CEOs set 2025 people budgets before they saw the banger results of the new models / coding / co-work. Companies now making real time adjustments to lower tech headcount growth for 2026 & increase spend on tokens / intelligence. 🧐🧐 https://t.co/cMAEGuF5ZI
.@cerebras data centers are live across North America.
More are coming in Europe.
Here's a quick peek inside one of several new facilities under construction in Toronto, Canada.
Racks and racks and racks of CS-3s.
The fastest AI in the world, delivered across the world. https://t.co/MSxiC1Xc7z
Dashers have delivered billions of orders but this was our first to 1600 Pennsylvania Avenue!
Sharon, a Dasher and grandma from Arkansas, knocked on the Oval Office door to thank @POTUS for delivering No Tax on Tips, a policy that helps millions of hardworking Americans keep https://t.co/lTPtkXzdKG
@faizancheema @theallinpod @sama As I told Sam - I was a buyer then - and fortunately I found a few sellers - as I am still buying. Sam’s aggressive posture on compute was smart then & is looking even smarter now. 🧐
When your working life rewards you, it’s easy to ratchet up the complexity: homes, cars, travel, possessions etc.
I have found that all that complexity comes at the sake of your most fleeting asset: your time. Instead of building things, all of a sudden you’re dealing with
One of my favorite moments as a founder.
At a show in Austin, I told @bgurley my name was “Ethiopian Jesus” and that I was a ticketing founder.
He goes, “Tough business… you know venues? Can you help my friend skip the line?”
I did. It was @altcap.
Couldn’t let him miss
In 2016, AI hardware was not cool.
@EclipseVentures was among the first to believe in us.
Despite the fact that many told us that wafer-scale computing couldn't be done.
They have been with us in good times and through tough times.
Fundamental invention is rarely an easy https://t.co/qzjldhdTZX
Mythos appears to be the first class of models trained at scale on Blackwells. Then will be Vera Rubins. Pre-training isn't saturated. RL works. And there is *so much* computing coming online soon.
Buckle your chin strips. It's going to be fucking wild.
I’m proud that so many of the world’s leading companies have joined us for Project Glasswing to confront the cyber threat posed by increasingly capable AI systems head-on.
https://t.co/pn3HSVsThP
Smart market driven approach. Delay Mythos, organize Project Glasswing to partner w leading companies to collectively harden internet security & use cyber as a blueprint for the industry coordination we will need to manage a world of post AGI models. 💪🇺🇸🚀 https://t.co/qh5Bo4iWUv
Thrilled to be back on Stanford campus today kicking off MS&E 435: Economics of the AI Supercycle, a seminar unpacking the economics across every layer of the AI stack.
Incredibly grateful to an amazing group of speakers dedicating their time for the community:
@altcap https://t.co/MjW5LtwNQj
Look forward to guest lecturing at Stanford this Spring w Apoorv - no doubt will learn alot from students who are AI natives! 🤍🚀 https://t.co/YX2yANuBJS
@sfranzese @TheOldTone Thanks for sharing knowledge is power. This was a death sentence but now you can do something about it and get back to your active lifestyle with no repercussions! 🤍🙏
@altcap Brad deserves public acclaim for his work. I got the scan 1 yr ago today, had a crazy score of 4743.1 which ultimately led to CABGx4 on 4/23/25. Had I not learned about the scan from reading Brad’s work, I would no longer be alive. I’ve been back to normal since 8/25. Thanks Brad
@altcap deserves credit for picking specific, non-obvious, but still super impactful societal issues to advocate for.
Between this and his Trump Accounts he gives a great example in choosing smart issues where one person can make a big difference https://t.co/xnltAoGqJV
@altcap @altcap inspired me to pay for my own CAC a couple of years back (after he mentioned it on the @theallinpod ). Best money I ever spent, after the money for my wife's wedding ring! (although y'all gotta be looking at soft plaque too!)
@altcap I’m in my early thirties, how do I do this? I see you advocate for this all the time, but I’m confused on where to start and how to get this done.
Do I just ask my doctor for a test? How do I have that conversation?
@NPH_On_X Google CaC scan in your area and get it done. Upload your results to ChatGPT. Knowledge is power over your health. $150 and 15 mins can save your life. 🤍🙏
@altcap My CAC scan (suggested by Chat GPT after uploading 3 yrs of blood tests) resulted in me getting an angiogram in February. Turns out my LAD (widow maker) had two 95% blockages, and artery at 100%, and one more at 50%. I had no symptoms. The intervention saved my life because
@tstoliker See a cardiologist. With this CAC score, have much higher risk of heart attack - they will have u follow up w an angiogram to determine extent of blockage. Knowledge is power and heart attacks are preventable. 🤍🙏 https://t.co/KSyPOYuAe9
We started the Center for Heart Attack Prevention to advocate for widespread CAC scans as a standard of care for everyone over 35 - the mammogram for the heart. Grt to see new guidelines moving in that direction. Universal scans will save 100k lives per year! Get your now! 🇺🇸🤍 https://t.co/z5ns97C3Bn
Measuring cholesterol levels has long been the main way doctors assess the risk of heart disease. Increasingly, people are opting, too, for a simple, relatively affordable test: a coronary artery calcium scan, or CAC. https://t.co/uqqKSeL6yx
We started the Center for Heart Attack Prevention to advocate for widespread CAC scans as a standard of care for everyone over 35 - the mammogram for the heart. Grt to see new guidelines moving in that direction. Universal scans will save 100k lives per year! Get your now! 🇺🇸🤍 https://t.co/z5ns97C3Bn
@altcap @TrumpAccounts @MichaelDell @NYSE I absolutely applaud the efforts from you and Michael, but shouldn't this also apply to babies born after 2028 when this benefit expires?
@rinsana @TrumpAccounts @MichaelDell @NYSE Hi Ron. Per the Invest America Act, every child will get a free, lifetime, private investment acct at birth forevermore. The only thing requiring re-authorization in 2029 is the $1000 seed from Treasury - which is near certain given broad bi-partisan support. 🇺🇸🚀
@altcap @davemorin @TrumpAccounts @MichaelDell @NYSE Can you clarify kids under 2 get $1k. I was under the impression children born in 2025/2026 get $1k.
@iambrendanonx @davemorin @TrumpAccounts @MichaelDell @NYSE Yes - all kids born after Jan 1, 2025 will get $1000 initial deposit from the US Treasury! 💰🇺🇸
@davemorin @TrumpAccounts @MichaelDell @NYSE They will be automatic starting Jan 1, 2027 for kids born ‘27 and beyond. Some technical reasons required to be claimed in launch year.
@edels0n Yeah, I'm thinking about putting a pitch together and offering it to every social organization in League City. I say this all the time, but what Gerstner and Dell accomplished is right up there with SS and Pell Grants.
The Trump Accounts are free money for kids. You should definitely claim it for your kid(s) with your 2025 taxes! https://t.co/Ep3TuE1RLJ https://t.co/vL0yNJqLSq
@ckurdziel @TrumpAccounts @MichaelDell @NYSE Kids born after Jan 1, 2025 (under 2) & born in the future get $1000 from Treasury. But all kids under 18 are eligible to claim their free, lifetime @TrumpAccounts. And those under 2-10 get $250 from a variety of philanthropists led by @MichaelDell.
Every child forevermore will get a private investment acct at birth w $1000. Today, all kids under 18 can claim their free acct in 2 mins @TrumpAccounts. All kids under 10 get $250 from @MichaelDell. All kids under 2 get $1000 from the US Treasury. Ring the bell! 🇺🇸🚀@NYSE https://t.co/U4JlrMcN09
Every child forevermore will get a private investment acct at birth w $1000. Today, all kids under 18 can claim their free acct in 2 mins @TrumpAccounts. All kids under 10 get $250 from @MichaelDell. All kids under 2 get $1000 from the US Treasury. Ring the bell! 🇺🇸🚀@NYSE https://t.co/U4JlrMcN09
Strange @WSJ article about Jensen renting out the San Francisco opera house last year for a performance of “The Monkey King.” The article essentially frames it as a gilded age “champagne and opera” style event for “AI’s kingmaker.”
Makes for a good story, but the reality was https://t.co/g5jMloodEI
BREAKING: The bipartisan Supersonic Aviation Modernization Act (SAMA) just passed the House UNANIMOUSLY and is headed to the Senate.
Supersonic flight isn't red or blue. It's Red, White, and Blue.
🇺🇸✈️💪
I don’t think people realize how much healthcare costs are driving big companies to fire and not hire.
It costs them $30k per family, per year for premiums and care. Most of that goes to the massive, vertically integrated insurance companies that send weekly bills that no
Today @kleinerperkins announces KP22, our twenty-second venture fund with $1 billion to back early stage companies, alongside $2.5 billion in growth funds to back high-inflection, category-defining businesses.
Together, these new funds total $3.5 billion and reflect our https://t.co/Lic8BthVcy
@altcap @altcap, I’ve always admired you as investor, but think your greatest professional accomplishment will be the Invest America Trump Accounts. However, I think another thing that could have huge impact is making calcium tests at age 30 a standard of care.
@altcap @Ctr4HeartAtkPrv @altcap You should consider the CT scan with contrast. It shows both Calcified Plaque and Non-Calcified Plaque! CAC is only half the story! I had CAC of zero for years but I have Non-Calcified Plaque the CAC did not show. Use the test that shows all plaque, the CT with
@omoliverm @Ctr4HeartAtkPrv Totally agree - however - angiogram impractical for widespread, universal screening bc costly & more effort. I am focused on saving max number of lives, which means dramatically increasing the penetration rate of screenings. CAC is best for this objective. 🤍
@altcap @Ctr4HeartAtkPrv Totally asymptomatic and for fun I got a CAC. 1030! I found out 0 is a good score. Triple bypass later. Let me repeat- I felt terrific before CAC score,no symptoms. First symptom for most is heart attack.
This summer on #136 of @theallinpod, I hijacked
science corner to discuss heart health. I suggested everybody over 40 do a Calcium CT Scan & if your score is non-zero you should likely be taking a statin. Many have shared ++ stories how this impacted them, so wanted to follow https://t.co/3f2HIlKZoT
Tons of people reaching out w high CAC scores so time for a periodic retweet. Get a CAC for $150 - can save your life. Heart attacks are preventable. We started the @Ctr4HeartAtkPrv bc widespread CACs could save 50k lives per year! 🤍🇺🇸🤍 https://t.co/sfUe8voikT
@sakitechonline @TrumpAccounts @AndrewYang @MichaelDell 529s are vastly skewed to wealthy families - they are not a universal, free, lifetime investment acct for all kids. Companies, friends and philanthropists can not easily contribute to them. And they don’t inspire and teach kids about investing & ownership like @TrumpAccounts. https://t.co/7xEZP0BSsc
A new social contract - private ownership for all from birth with @TrumpAccounts. Rather than a wealth tax - “let the wealthy give directly to kids - when they cut out govt middleman & the bloat they are down.” Huge announcements coming. 🇺🇸🚀@AndrewYang @MichaelDell https://t.co/eNdruaXF7C
AI is highly functioning software - it is not an alien being. The greatest risk we run is letting our fear & anxiety about the future of AI slow us down while other countries pass us by. https://t.co/GJNPv9Qbd5
It’s time to return to the place where I know I can have the most impact. I am beyond excited to be rejoining @sequoia as a Partner. Here is what I shared with @gradypb @alfred_lin on how I am approaching my next chapter. https://t.co/EmlZkvOL9n
@altcap @TrumpAccounts Brad, I just watched you and Michael Dell describing the platform nature of the @TrumpAccounts program - wow, the size of this idea took my breath away
GPUs are slow at AI inference because they hit the memory wall. Cerebras pioneered the SRAM based AI accelerator because GPUs were memory bandwidth constrained.
Let me explain.
There are two types of memory. Memory that can store a lot, but is slow.
And memory that is fast,
AI is deeply unpopular. According to Pew, sadly only 17% of Americans think AI will have a positive impact. In China, 83% believe AI will be positive. A token tax & political backlash is coming unless the narrative changes. 🇺🇸👀🧐
Over 55K kids in VT are eligible for at least $250 seed accounts. Another almost 50K are eligible for seed accounts that parents or others can deposit funds into. I wish they had had these when I was growing up, and certainly hope parents are signing their kids up for them!🇺🇸 https://t.co/7q1ZB6D5TL
Yesterday Mark Cuban reposted my work, DM'd me, and told me to keep telling my story.
So here it is.
I'm a Master Electrician. IBEW Local 369. 15 years pulling wire in Kentucky. Zero coding background. I didn't go to Stanford. I went to trade school.
Every week I'd show up to
Today Cerebras announced that @awscloud will be deploying Cerebras CS-3s in their data centers.
Together, Cerebras and AWS will be delivering the fastest inference solution in the world.
It has been an extraordinary 30 days for Cerebras. In February, we announced that we would https://t.co/vSfRrFpHIL
Time to get fit convo w @JTLonsdale. Good reminder at this moment of peak disruption - especially to software companies that have continued to hire at 2-3x the rate of the Mag7. https://t.co/NuybgCPv4U
Time to get fit convo w @JTLonsdale. Good reminder at this moment of peak disruption - especially to software companies that have continued to hire at 2-3x the rate of the Mag7. https://t.co/NuybgCPv4U
Truth. Fade businesses whose moat shrinks w improvements to general computational intelligence. Their multiples will shrink ahead of their shrinking moats. Your portfolio should be positively correlated to improvements in general intelligence. 🧐🧐 https://t.co/74FKrL1vh3
Here is what a tax like this does:
1) It excites people with zero agency and infinite envy. Beware of these people.
2) It will keep middle class people firmly in the middle class with no real chance of getting wealthy if they stay in Washington State. It should be clear that https://t.co/9LIrqTMfyC
We are in the golden age of AI.
Go thank a VC near you.
A $200 monthly subscription to Claude can consume $5,000 in compute.
This reminds me of when I was in college and Ubers were $3. https://t.co/pWoBuHpnQt
These will prove to be among the dumbest takes of the AI era. Given how early we are & how much competition exists including free & capable models - I am shocked at the high & improving gross margins of the leading model providers. The tokens are very profitable. 🧐💰 https://t.co/dmwN59nKXm
The number of kids by state, year of birth and $$ amount that have waiting for them in their @TrumpAccounts. Kids over 10 don’t get seed $$ but still get a free investment acct that parents & business will likely add to if they claim it. 🇺🇸🚀 https://t.co/PwpVfZfdzM
An app like this with your child’s name which they own will show up on your phone on July 4, 2026 if you claim your account!! Your child - a small owner in America’s great companies - chasing their American Dream! 🇺🇸🇺🇸 https://t.co/oEBBDYTyXS
The number of kids by state, year of birth and $$ amount that have waiting for them in their @TrumpAccounts. Kids over 10 don’t get seed $$ but still get a free investment acct that parents & business will likely add to if they claim it. 🇺🇸🚀 https://t.co/PwpVfZfdzM
An incredible & humbling Founder moment. But we are just getting started. Over 30 M kids have $$ waiting for them - claim your child’s acct today! @TrumpAccounts
https://t.co/N6Yo6tjOQ2
Excited to announce our 5th (and largest) utility partnership, 100MW of distributed storage for @CoServ.
This will help Coserv manage peak demand and bring an affordable home backup option to their members. https://t.co/KleovwQUds
Today President Trump obtained a pledge from America’s leading tech companies that new data centers would not increase electricity prices for residential consumers.
These companies (including Amazon, Google, Meta, Microsoft, OpenAI, Oracle, and xAI) signed the “Ratepayer https://t.co/UcVuRLErhi
Two parents. Same income. Same kid's age.
One opens a Trump Account before April 15.
One assumes it's only for newborns.
By retirement:
One has $2.7M.
One has $0.
Most parents don't know this account was built for kids already born.
Here's everything you need to know: ↓
Trump Doctrine in Iran. Massively destroy all military capabilities. Kill the people building lethal weapons to use against us. GET OUT. Reserve the right to do it again if needed. Zero efforts to build Madisonian democracy. Iran must re-build what comes next. 🇺🇸🧐
@paulg 💯- its actually a direct result of a well functioning incentive system that encourages risk taking producing the innovations that move society forward. But we do need mechanisms like @TrumpAccounts to get more people in the game compounding in the upside. 🇺🇸
Anthropic / Dario at MS TMT conference - confirms now run rating over $19 B in revs (added $6 B in Feb). “We believe in America & we believe in helping to defend our country…will continue to work to figure out a solution with DOW.” Critical moment. Welcomed remarks. 🇺🇸🇺🇸
“I've lived through four, the Internet, cloud computing, mobile computing, and now we're entering the age of AI. It will be bigger than the Internet itself.”
“They're all hitting the numbers. But what has happened is their stocks are down 30 or 40% because investors are saying the future is cloudier than it was just a few years ago.”
“We can't forecast as well. Therefore, the terminal value must be lower. The discount rate is higher and the multiple comes down. So the stocks come down well before they start missing.”
We’re seeing 10s of thousands of @Chime members take steps to open Trump Accounts—a strong signal that families want accessible ways to start investing early. Appreciate @SecScottBessent @USTreasury @altcap & @InvestAmerica24’s leadership & look forward to supporting the program. https://t.co/gJbQRvYQZO
Brad you should be so proud
This is incredible work
Investing in America’s future — our children
Bravo @altcap and @MichaelDell 👏 🇺🇸 https://t.co/ffsrPeEeas
@MattLira Truly a hero. And you have contributed more to this country & the cause of @InvestAmerica24 @TrumpAccounts than most will ever know. Grateful to be your Partner. 🇺🇸🤍🙏
Today is launch day. 🚀🚀🚀
We find ourselves in a time with much fear/anxiety about careers. I hope this book can be a positive antidote. The permission, motivation, and methodology to do what you truly love.
https://t.co/glk24A6206 https://t.co/nAM6EIOoOb
Don’t know Dave - but as the Founder of Invest America | @TrumpAccounts would welcome a debate. 529s & Roths are grt but almost exclusively used by the wealthy. @TrumpAccounts will get the 60% left out & left behind in the game. A universal 401k from birth for Main Street. 🇺🇸👊 https://t.co/gw0DQN0NBj
In NYC “blizzard” for bestie @bgurley book launch. ❄️❄️
At a time that anxiety is running high for parents & kids as AI radically changes job futures - Bill distills some essential truths:
(1) Don’t worry or wait for “passion” - it is discovered by moving, learning,
Blue cities are out of control, promising more, spending more, delivering less and pushing off fiscal problems to some future day.
Democrats in city halls should stop governing as if the goal is to announce new entitlements, and instead make government work.
My take: https://t.co/kwYkA4XEjx
Devastatingly true words Fareed. Fortunately, in San Fran @DanielLurie is charting a new course for a badly broken blue city - rounding up drug dealers, cheering on / recruiting businesses & beginning to reign in spending. A mayor walking the streets w pragmatic solutions. 🇺🇸👊 https://t.co/s94iNpijtW
Be Sunny Madra, probably the most underrated founder engineer type tech
> starts as a hardware engineer at Cisco in 2000, grinds for 6 years
> co-founds Xtreme Labs in 2007, a mobile dev shop
> sells it to Pivotal for ~$60M, becomes CTO Mobile and then VP Strategy at Pivotal https://t.co/eKOT6XkfYw
@altcap @LincGerstner Guys I’ve been promoting this to a few people and was told that the kids need to under 18 as of December 31, 2026. The gov site seems to validate this in the signup process. Is this intentional or a bug?
@anandshroff @LincGerstner In order to qualify for a @TrumpAccounts you must be under 18 as of Jan 1, 2027. If you were born in 2008, you don’t qualify but if born in 2009, you do. So my son @LincGerstner who helped inspire & launch the Invest America Act when he was 13, sadly does not qualify as he was
“Don’t leave your kid behind.” Good legislation like this gets adopted fast- so don’t make your child the one missing out on returns. https://t.co/zCt26IvpEI
@KTmBoyle That is the glorious story of America. We are all Jack Hughes. We fight for love of country not fear of reprisal. We all have one shot. Don’t waste it. 🇺🇸🇺🇸🇺🇸
“The most significant policy innovation of modern times.” - @SecScottBessent
@TrumpAccounts are a wealth-building game changer for hardworking families across America, in addition to President Trump’s historic working families tax cuts. 🇺🇸💰
https://t.co/EzaoE5Xkcl
@PassDiv Incorrect. All kids under 18 can claim their accounts. $1000 credit is authorized for kids under 2 and newborns. Kids under 10 likely get $250 from @MichaelDell @RayDalio @altcap - and many others to be announced. Free investment acct for life. Get investing! 🇺🇸
Every child under 18 should claim their @TrumpAccounts NOW. It takes 1 min to guarantee that your child does not get left behind! Millions have already claimed their account. 🇺🇸🚀 @altcap @MichaelDell @WhiteHouse https://t.co/gw1MQXb6GJ
@ekriessmann @anduriltech @PalmerLuckey America’s great blessing to have @PalmerLuckey & @anduriltech on Team 🇺🇸🇺🇸. We need our best Founders on worthy & noble missions. Our enemies have no idea how much worse off they are - but rest assured - America is back in a big way! 🇺🇸🚀
@pointsnfigures1 Huge even if you don’t manage it at all. Just add $50 per month - no knowledge about stocks required - and it will likely be $50k for your kid at age 18. 🇺🇸
Do you realize just how much fucking money OpenAI and Anthropic have raised? Do you realize how much is at stake?
They cannot become commoditized intelligence accessed via API
They mathematically and strategically must attack the application layer
Incredible momentum at the Natl Gov Association w @RayDalio speaking to nations’s governors about Invest America | @TrumpAccounts. The 50 State Challenge - philanthropists, companies & states are teaming up to add $$ to the accts of kids under 18 in all 50 states! 🇺🇸🚀 https://t.co/UOQyFSpDzW
3 M kids in 34 days have claimed their Invest America | @TrumpAccounts. Don’t let your kid be left behind. Have a child under 18? Sign up now. Free investment account for life. Every kid born forevermore. $1000 at birth. Direct compounding 🇺🇸🇺🇸.
https://t.co/eRYUlDnhgX
Software multiples have re-set to a fair level given AI uncertainty. If you own a software stock, you must expect the CEO to say “we crushed numbers & expect that to continue bc our business accelerates with AI.” If you don’t expect to hear - don’t own it. Too hard basket. 🧐🤷♂️ https://t.co/owzAsKXX77
Databricks just crushed numbers bc of AI. Clickhouse is accelerating bc of AI. Snowflake likely the same. AI worklows being built on their data. But too many software companies become more at risk as AI improves. I want to own things positively correlated to intelligence. 🚀
Software multiples have re-set to a fair level given AI uncertainty. If you own a software stock, you must expect the CEO to say “we crushed numbers & expect that to continue bc our business accelerates with AI.” If you don’t expect to hear - don’t own it. Too hard basket. 🧐🤷♂️ https://t.co/owzAsKXX77
Addressing the India AI Action Summit today was a profound personal honor.
AI can improve billions of lives and solve some of the hardest problems in science.
The best outcomes of AI are not guaranteed. We must pursue AI boldly, approach it responsibly, and work together
Just got this done for my kids.
Thanks @altcap
Basically though for kids not born in 2025 or later we dont get the 1k - But this is just a way for them to have a "retirement account" at a young age without earned income. We can deposit up to 5k a year tax deferred for them https://t.co/hR42ptkRh8
@VRVitaly Fair - but the Invest America Act would have failed at $1000 for every kid under 18 - as would have raised “cost” to $70 B in Year 1 vs $3.7 B - and been voted down. Don’t let perfection be the enemy of the good. 🇺🇸🚀
@kwstults @macrojack21 You get a free lifetime investment account in a few clicks where you can easily start the savings / investment journey w your kids. Thousands of businesses are adding to the accounts. You may qualify for philanthropic donations that will be announced. 🇺🇸
We are thrilled to share that @jaltma is joining Benchmark as our newest General Partner.
The Benchmark partnership is built on a shared commitment to the craft of venture capital, where our work is defined by the depth of service and commitment to the founders we work with. We
Claimed mine for my kiddos! Thanks @altcap for all the untold work you put into this! Will be as useful for me to start teaching my kids how to invest as it is important they start building wealth on their own so I don’t have to support them forever! 😀 https://t.co/XGnOf8dyOP
@timswindle Pell Grants. Senator Pell. Roth IRAs. Senator Roth. History will call them whatever history calls them. But I choose to focus on substance over form. Don’t leave your kids behind bc you don’t like the name. 🇺🇸🤷♂️
@altcap @ZeekTyt @macrojack21 Thx for the reply 👍
Trump Accts have a benefit cliff for disabled kids. When it converts to IRA at 18, it becomes "countable resources" and kills SSI/Medicaid eligibility
Just spitballing, but it should prob auto-convert to an ABLE acct or be exempt longer term for these kids
@huntercox05 True. Though majority of kids under 10 will receive private sector $$ from 100s of companies like @Uber & @nvidia & philanthropists like @MichaelDell, @RayDalio & @altcap. 🇺🇸🫡
@IYKbaseball @macrojack21 And the Invest America Act dramatically increases that probability by making every kid under 18 & eventually every citizen a direct owner / shareholder / capitalist. Alignment. Everybody innthe game on Team America. 🇺🇸🚀
@IYKbaseball @macrojack21 Stocks go up and down - part of the learning. But over 75 yrs the S&P 500 has compounded at ~ 10%. This is unquestionably a bet on America! 🇺🇸🚀
@altcap @ZeekTyt @macrojack21 Brad,
I understand that parents of severely diabled children requiring lifetime care cannot enroll in these accounts because it would jeopardize their eligibility for medicaid/SSI.
If so, that should be fixed and they should be excluded from means testing.
@WynstonWolf @ZeekTyt @macrojack21 Not my understanding. I believe they took great pains on the law to make sure it did not undermine any other means based social services.
@altcap @ZeekTyt @macrojack21 33 states now require a semester long financial literacy class to graduate high school. California recently joined those states, and the courses will require to start in Fall 2027.
@bill_selly @ZeekTyt @macrojack21 And now they will be able to build curriculum around these accounts that represent real ownership - ai suspect the learning about to skyrocket. Nothing like have your own stock ownership to focus your attention! 💰💰
@altcap Community notes needs updating!!
https://t.co/BJnsWzXaCV page shows this is for children under 18 years old! 😍💥
Thank you @POTUS !! https://t.co/vbf6lSwwW0
@altcap @macrojack21 From one Indiana guy to another; thank you for pushing this through. Great way to change the attitude and success of our future young people!
@altcap @macrojack21 So amazing to see this and the success it has had and the lives it will change in the future. Giving all these kids a a solid future and a stake in American companies. I work in finance and compounding is the ultimate tool to wealth and so not understood by most. Thank you for
@sara_mehle No problem - open the account & get saving. They are still likely eligible for $250 from @MichaelDell - and little contributions add up & compound over time!
@daniel_dinoia $1000 to 70 M kids cost $70 Billion & the law would not pass. Passing this law required bi-partisan coalitions & compromise. I think we found an incredible starting place. And we are working hard to make sure all other kids get funding from private sources. 🇺🇸
@altcap Brad, what about this:
Contribution to their Trump Account, the child must have been born in 2025–2028, must be a qualifying child of the individual opening the Trump Account, must be a U.S. citizen, and must have a valid social security number.
@altcap No, I am right, you are clearly misleading people. I don't need to read the law, the website clearly states that children who are born Jan 1, 2025 get the $1,000. You are showing with the fake visual showing the $1,000, which is misleading and untrue.
@bradtrader11 Wrong. I helped write the law. Read the law. All kids under 18 immediately eligible for a free, lifetime investment account. Kids born after Jan 1, 2025 ALSO eligible for $1000 jumpstart from the US Treasury. 🇺🇸🫡
@altcap Thanks again Brad !!!!👍… It would be cool if on the trumpaccounts. Gov web site it would show a continous counter that shows how many children have been signed up ???🤔 Still trying to get my nephews to take advantage !!!🤞🤞
@PerioPatriot Wrong. All kids under 18 immediately eligible for a free, lifetime investment account. Kids born after Jan 1, 2025 ALSO eligible for $1000 jumpstart from the US Treasury. 🇺🇸🫡
@macrojack21 No catch. At a cost of $3.7 B per year to the Federal Gov’t - about what we spend on aid to Ethiopia & Jordan - we get every child on the investing journey from birth. Massive ROI for America. 🇺🇸🚀
@daniel_dinoia Wrong. I helped write the law. Read the law. All kids under 18 immediately eligible for a free, lifetime investment account. Kids born after Jan 1, 2025 ALSO eligible for $1000 jumpstart from the US Treasury. 🇺🇸🫡
@rico2946 @RapidResponse47 Wrong. I helped write the law. Read the law. All kids under 18 immediately eligible for a free, lifetime investment account. Kids born after Jan 1, 2025 ALSO eligible for $1000 jumpstart from the US Treasury. 🇺🇸🫡
@altcap Got it: Everyone can sign up, but only kids born on or after 1/1/2025 qualify for the $1000 seed. Everyone else can qualify for @MichaelDell’s contribution depending on zip code.
@ZeekTyt @MichaelDell Correct. And I am matching $250 for kids in Indiana, and @RayDalio for kids in CT. And MANY more matching grants will be announced! 🇺🇸👊
@JamesBKennedyJr Incorrect. Kids born 1/1/25 or later ALSO get $1000 jumpstart from Treasury but all kids under 18 are eligible and most kids under 10 will get $250 from @MichaelDell.
On this President’s Day - if you have a child under 18, take 2 mins to claim their life long investment account! The Invest America Act - every child forevermore a direct shareholder in the grt companies of America! 🇺🇸🚀https://t.co/VLEwhKfXAw https://t.co/3jcgrimIlM
The Invest America Act | @TrumpAccounts is a place we can all come together to celebrate @Freedom250. Every child forevermore a private shareholder in America’s best companies from birth. Sign up now. 🇺🇸🚀@InvestAmerica24 @MichaelDell https://t.co/3ytP7X3cg2
@altcap @TrumpAccounts @dkhos @InvestAmerica24 I have a 16 yo niece I want to contribute for. She does not have an account yet. What is the process? I don’t see in the FAQ.
@dbroncs9798 @TrumpAccounts @dkhos @InvestAmerica24 Every child under 2 (born between 2025 and 2028 gets the $1000) BUT every child 18 should claim their @TrumpAccounts! Most kids under 10 will automatically get $250 from @MichaelDell & kids in CT and IN likely get another $250 from @RayDalio & @altcap! 🇺🇸🚀
Have a child under 18? Claim their Invest America | @TrumpAccounts NOW as millions have already done - start them on their investing journey. 🇺🇸🚀 @dkhos
https://t.co/wm5mikJFSb https://t.co/zealZvsW8K
The movement grows stronger everyday! Together, we are changing the trajectory for future generations of Americans.
Thank you to @Replit @amasad on stepping up to support your employees and their families. 🫡
https://t.co/Q3NTdXWiak
@InvestAmerica24 @Replit @amasad Well said @amasad - every company will eventually realize that this small contribution to the children of employees is even higher loyalty ROI than a 401k. 🇺🇸🚀
Anthropic:
"Today, our run-rate revenue is $14 billion - with this figure growing > 10x annually in each of the past three years."
@AltimeterCap happy to return again as a Major Investor in the latest $30 B / $380 B round. 👊🚀 https://t.co/QouEPVGTrW
Don’t let your kid get left out!
Claim your child’s Invest America | @TrumpAccounts right now - it only take 2 mins! Millions of kids have already signed up for their “free money.” 🇺🇸🚀
https://t.co/wm5mikJFSb https://t.co/nfFwKGAwle
Trump Accounts are helping ensure all Americans are enriched by our economy. I welcome the many pledges made by generous businesses and philanthropists to fund these accounts, and I encourage others to follow suit. https://t.co/CYSCo4LYh5
@MikeCrapo Thanks Senator. You were a key & early supporter of the Invest America Act which created the @TrumpAccounts. Millions of families have already claimed their kid’s accounts - on our way to 50 M - changing the game forever especially for Main Street America! 🇺🇸🚀
From how the team operates, I always thought Codex would eventually win. But I am pleasantly surprised to see it happening so quickly.
Thank you to all the builders; you inspire us to work even harder. https://t.co/2avU8PZUK5
“I think for the next three years, this is like building the interstate highway system. Right? This is significant. It's important to The United States Of America, by the way.”
“I want my personal net worth. I want my funds net worth levered against AI because all human progress is gonna be derived from machines helping humans think and augment human thinking.”
“No. For sure. And in fact, I I hear disturbing things all the time about the Chinese stack making great inroads in The Middle East and in the Southern Hemisphere, etcetera, because, frankly, they're working really quickly to put their chips and their models, their open source models, Deepsea, Kimi k two, Quinn, etcetera, and exporting those to the world.”
“Every child is gonna have on their phone an app. They're gonna see. They own a little bit of NVIDIA, a little bit of Walmart, a little bit of Microsoft.”
“The president said last week, twenty years from now, there will be a 100,000,000 kids and families that have 3 to 4,000,000,000,000 in wealth that would have otherwise had zero because they start off with a thousand dollars, and we add money to those accounts.”
Brad said it best: "The answer to more socialism is more capitalism. This makes every child in America a capitalist from birth."
I'm so impressed by @altcap, @MichaelDell, @realDonaldTrump, @SecScottBessent, and so many others who had the vision and determination to make this a https://t.co/H363g9aMLz
As a dad, I’ve always believed we should invest in our kids’ future. That’s why I helped build the policy behind Trump Accounts—and seeing it showcased in a Super Bowl commercial was pretty special. It’s about helping families start building real financial opportunity from day 1. https://t.co/Q9KgEjDgGD
@ElectBlakeMoore @InvestAmerica24 Thanks Blake. You were a Day 1 supporter who got the big mission & vision from the first time you heard it. While others told us it couldn’t be done - you said let’s get it done. And we did! 🇺🇸🚀
@altcap @TrumpAccounts @SecScottBessent This is such an incredible contribution to our country and our future. Lifetime achievement level. Thank you Brad.
@obatronics @chamath All kids under 18 can claim their account. Kids under 2 pre-seeded w $1000. Kids under 10 likely get $250 from philanthropist like @MichaelDell @RayDalio & me. Kids over 10 also benefit by just getting going - claim your acct & start saving! 🇺🇸
@SenTedCruz Would not have happened without you. Also noteworthy that of the millions of early sign-ups big majority are lower income Americans who for the dirst time will have invest accounts! Sign up now at https://t.co/GCyb1Je7kc. Invest America Act for the win!!
@chamath Thx Chamath. Also amazing to note that vast majority of the millions that have already claimed their kids accounts are lower income Americans - those that will benefit the most! 🇺🇸🚀 https://t.co/xcTsEPReWY
Claim your kids Invest America | @TrumpAccounts when you file your taxes or simply do it now at https://t.co/0792qJroqb. Millions have already claimed their account. 🇺🇸🚀@SecScottBessent https://t.co/Nq2CiiMwKb
🚨 BREAKING: This is President Trump’s BEAUTIFUL Trump Account ad for the Super Bowl
A surge of signups is expected
Investing in the young generation. Charlie would love it.
This will be an incredible legacy for Donald Trump 🇺🇸❤️
https://t.co/uvvSz0OpjY
🚨 BREAKING: This is President Trump’s BEAUTIFUL Trump Account ad for the Super Bowl
A surge of signups is expected
Investing in the young generation. Charlie would love it.
This will be an incredible legacy for Donald Trump 🇺🇸❤️
https://t.co/uvvSz0OpjY
@altcap @TrumpAccounts @WhiteHouse I wish they restrict withdrawals to college, buying a first house or something meaningful. Allowing withdrawals for any purpose defeats the purpose you are trying to create these accounts. Better to have them than not but only half purpose is served
@HemantM18651250 @TrumpAccounts @WhiteHouse This is already the law - the Invest America Act restricts withdrawals until 18 - and then only for specified purposes. 🇺🇸💰
Every child. Every rural street. Every city block. All those left out & left behind. Back in the game w Invest America | @TrumpAccounts. Because America is stronger when every child starts off w a shot at the BIG game. The American Dream! 🇺🇸🚀@WhiteHouse https://t.co/zkSwaCPJ5i
@westcoastbill Did that to manage overall portfolio risk - different game - $TSLA happily drove me home last night - latest FSD now lets me text & drive safely - killer product.
Ro is proud to offer transparent pricing and insurance access, and supports TrumpRx’s most-favored-nation innovative pricing model for FDA-approved GLP-1s. We’re excited to share our first Super Bowl ad today and get that message out to over 100M Americans. Patients deserve the https://t.co/84gDqk7KKF
The real bank for real Americans doing real things!
The cutting-edge business model is based on next-gen concepts like "don't let your client's money disappear", "care at all about national security", and most importantly, "the market sometimes goes down". https://t.co/NsUOYKggHh
@sundarpichai @Benioff Happy shareholders. Search re-accelerating from 10% to 17% was not on my bingo card at the beginning of ‘24 - but as I have shared w you - Team Google deserves massive credit in how you have accelerated across the board - positioning Google for the AI win! 🏆🏆
@Benioff @sundarpichai Chatgpt challenged Google BUT Sundar got Gemini / TPUs firing while accelerating the core growth rates at GCP & Search. Amazing execution. We were fortunate to be shareholders since late ‘24 & remain so today. Now people are questioning software - but if $CRM is able to
This is a great idea @altcap. Solves for two of the most broken things at once; trust in institutions and participation in the upside. Thank you. https://t.co/oUxIv9gV8I
Brad Gerstner: Elon Just Merged the Two Biggest Markets in the World
@altcap:
“You're merging the two biggest TAMs in the world, right?”
“All of artificial intelligence and all of space, together with the world's greatest entrepreneur.”
“(Elon) said, ‘I'm going to have https://t.co/92emepio2n
@blake_hagz @TrumpAccounts The Invest America Act makes the accounts permanent - forevermore. The $1000 funding at birth must be re-authorized but given that the total cost of $3.7 B (3.7 M kids born x $1000) is less than the $$ we send to Jordan, Ethiopia & Congo every yr - highly likely will continue.
@AkiKakko Socialism is gov’t control of the sources & means of production. This is rebating our own tax dollars for private accounts, with private ownership & title in private companies in the US stock market. It is the antithesis of socialism & a firewall protecting capitalism. 🇺🇸🫡
@altcap @TrumpAccounts Brad, they should have went back 5 years to allow for certain families to utilize this. I have 3 kids all under 10, but don’t qualify.
@KWOklahoma23 @TrumpAccounts ALL your kids qualify! When you file tour taxes you will be given the option to claim your account. Only kids under 2 get the $1000 - but kids 2 to 10 eligible for $250 from philanthropists like @MichaelDell. Key is to open the acct and get started! 🚀 https://t.co/esnHCKwhUF
“The Invest America Act would not be a law if Brad Gerstner did not pursue it with absolute dogged determination.” No surprises for those who know @altcap. Incredible legacy. Incredible momentum. 🇺🇸🚀🫡@InvestAmerica24 @TrumpAccounts https://t.co/9qZ0i6ecRx
@the_BOOCH21 @InvestAmerica24 Congrats! When u file your taxes you will simply click yes when offered the accounts (technically on Form 4547). And then wait & you will receive the accounts for each child w $1000 in the stock market on July 4. And then add $5-10 per week! 🇺🇸🚀 https://t.co/cSkpeERm5N
90% of families filing taxes early are claiming their $1000 account by simply replying “yes” on their tax form. You can sign up directly on @TrumpAccounts starting this Sunday when we drop our Superbowl Ad just after the natl anthem! 🇺🇸🚀 https://t.co/XFP1fXFsPV
🔥The Trump Accounts will transfer $4 trillion in wealth to 100 million families who would otherwise have had zero!
Brad Gerstner (@altcap): "Every child born in the United States forevermore will start life off with an investment account seeded with $1,000 in the S&P 500. https://t.co/wkYJO1JS0y
Europe chooses socialism. We choose more capitalism. Every child a direct owner in Walmart, Nvidia, Space X, Anthropic, OpenAI. 🇺🇸🚀@theallinpod @InvestAmerica24 @TrumpAccounts https://t.co/BUhsYIIx2U
Brad Gerstner (@altcap) joined CNBC’s Halftime Report with Scott Wapner (@ScottWapnerCNBC) to address the software selloff.
In a moment of “exponential change,” investors say “fog of war” and put application software in the “too hard bucket” — not because they’re “missing https://t.co/Lj479pJK3V
Software is not dead. Grt leaders. Grt companies. Most will hit their numbers. But the terminal value & multiples are lower bc the potential for AI disruption lowers predictability of future cash flows. This only changes if they show how AI is accelerating their core biz. 📈🧐 https://t.co/6m4YRQWG2L
“I think this quarter, they're they grew over 60%. Snowflake, Clickhouse, these are companies that are accelerating their core revenues because AI relies on them.”
@altcap . So a number of months back Brad made a post about the importance of CT scans. I had recently gone off statins because I was getting muscle aches and joint pain. I'd been on a keto diet since the mid '90s but went a little harder and started doing 12-hour fasts to drop a
“99.97% reduction in variable execution cost” — just give your team @Replit licenses and watch them optimize it for fun and profit.
Very cool to have Altimeter @altcap as a customer! https://t.co/4ij4t3uQJ6
From the Dell Family to the Anand Legacy Foundation, incredible leaders across the nation and in our community are stepping up to invest in our kids’ futures. Together, we’re building opportunities for every child to thrive. https://t.co/h7JNdIDvXZ
@RepVinceFong Incredible - way to set the example for local philanthropists around the country to adopt their local towns, counties & schools! Direct giving into universal, privately owned stock accounts changes the game for America! 🇺🇸🚀@InvestAmerica24 @TrumpAccounts
Co-hosting @CNBC @ 12 pm ET for the hour from Super Bowl Stadium! Special guests - Jensen Huang & @SecScottBessent. Talking tech earnings, AI capex, OAI & Anthropic, Space X, software, rates, macro & of course Invest America | @TrumpAccounts & more. @ScottWapnerCNBC 🇺🇸🚀 https://t.co/MfZH327KOr
Yes - you can adopt a city & contribute to the Invest America | @TrumpAccounts for each kid in your city! San Francisco moves first & has started a fund! Who is going to lead the way in Boston & Seattle? 🇺🇸🚀 @DanielLurie @SecScottBessent https://t.co/dtBf2Uv90c
Our Q4/FY’25 results are in. Thanks to our partners & employees, it was a tremendous quarter, exceeding $400B in annual revenue for the first time. Our full AI stack is fueling our progress, and Gemini 3 adoption has been faster than any other model in our history.
We’re really https://t.co/UbcQPFRGkr
Billionaire dreams in SF. chatted with this guy getting signatures to put the "wealth tax" on the ballot. "So, how's it going? everyone signing?" I asked. "nah," he said. "50-50, at most." surprised, I asked what they were saying. "they say 'Hey, I want to be a billionaire https://t.co/PIIuFI85ke
@EricaJSandberg Rather than class warfare to cover up for out of control govt spending - how about just getting everybody into the game of capitalism & raising all boats. For what they are spending on this ballot initiative they could fund a $1000 investment account for every child in SF. 🤷♂️🇺🇸
“If these reports are true and they're gonna raise another 70 to 100,000,000,000, they would have over a 100,000,000,000 of cash on their balance sheet.”
“Well, a year ago, people thought that they were gonna go build all these data centers that were gonna cost $50,000,000,000 a pop. I haven't heard them break ground on any data center.”
“I haven't heard them break ground on any data center. I hear Microsoft building data centers, Oracle building data centers, CoreWeb building data centers, SoftBank building data centers.”
Everybody asks me - whose idea was this - it’s so simple but brilliant. Two people here who thought about it for a long time. Brad Gerstner @altcap was the founder & relentless & smart to get the great @MichaelDell as his partner. 🇺🇸🚀 https://t.co/tENWvBSFxr
Dear America. As we watch the Superbowl next Sunday - let’s remember every child deserves to play in the game of America. That IS the American Dream. 🇺🇸🚀@TrumpAccounts @InvestAmerica24 @MichaelDell @CNBC @NFL https://t.co/fPZdfOYFfC
@the_BOOCH21 @InvestAmerica24 Congrats! When u file your taxes you will simply click yes when offered the accounts (technically on Form 4547). And then wait & you will receive the accounts for each child w $1000 in the stock market on July 4. And then add $5-10 per week! 🇺🇸🚀 https://t.co/cSkpeERm5N
1 M accounts claimed in 3 days. 25 M by July 4. Every child, every family w starting capital to grow. Day 1 vision realized - every child an owner re-connected to the American Dream. 🇺🇸🚀@InvestAmerica24 @TrumpAccounts https://t.co/fUv6mGTmdv
1 M accounts claimed in 3 days. 25 M by July 4. Every child, every family w starting capital to grow. Day 1 vision realized - every child an owner re-connected to the American Dream. 🇺🇸🚀@InvestAmerica24 @TrumpAccounts https://t.co/fUv6mGTmdv
People often cite that Invest America / Trump Accounts are just “another wasteful entitlement program”.
They are actually a sound investment. See below. https://t.co/rmpbxKp1Dq
@ZanderDeutch Correct - that is not how gov’t scores for budget purposes - but in the real world 30 years from now the accounts will actually pay the gov’t more in revenues on an annual basis than they cost. 🇺🇸👊
Charlie spoke so often about the importance of young families and having children, and his face would light up every time he learned about a Turning Point employee welcoming a newborn into
their family.
In that spirit, @TPUSA and @tpaction are honored to continue Charlie’s
🚨 JUST IN: Erika Kirk says Turning Point USA will now do a dollar-for-dollar MATCH into the $1,000 Trump Accounts for TPUSA employees' newborn children — "to continue Charlie’s support of families"
INCREDIBLE! Charlie would love it.
This is what putting American families first https://t.co/BG7sOo503I
Kids born this year will have a Trump Account opened for them and seeded with $1,000.
If their parents or family contribute $5,000 a year at a 7% growth rate, each child will have $170,000 by the time they’re 18. 🇺🇸 https://t.co/Uhn5ykJ8ju
Every newborn child in America will receive $1,000 in an investment account tied to stock market!!
Not the parents, but the child. ANYONE can add money to that account, NO ONE can take money out of that account except the child when they become an adult
@MichaelDell https://t.co/LBIRE2vVMv
Every newborn child in America will receive $1,000 in an investment account tied to stock market!!
Not the parents, but the child. ANYONE can add money to that account, NO ONE can take money out of that account except the child when they become an adult
@MichaelDell https://t.co/LBIRE2vVMv
In DC for the Invest America | Trump Account Summit. $1000 investment acct at birth for every child. Forevermore. $50k at 18, $200k at 30, $1 M at 50. For those who feel left out & left behind. All kids shareholders. Owners. Sharing in the American Dream! @WhiteHouse 🇺🇸🚀 https://t.co/ngFPHsDGC8
Neil Mehta is who you want by your side when it gets real. Not a lot of investors would go up against a sovereign to defend a founder.
South Korea’s government is about to find out that Americans don’t take well to being bullied. https://t.co/Qymw5uAxPa
S Korea’s government is making a huge mistake following in China’s footsteps and illegally harassing a US company to favor Chinese tech giants.
Really appreciate Neil and Greenoaks for standing up for American founders, even if it means suing a sovereign.
Korea’s President Lee https://t.co/q3kvQpkwWe
I doubt the administration & Congress are going to let a US company be unfairly destroyed by our presumptive ally South Korea just bc they favor a local company. It’s a terrible precedent. America First means a level playing field for our companies. 🇺🇸@howardlutnick https://t.co/KpK2mJCN6E
She came to Miami to see it through. 16-0. “Never dreamed this big. Nothing can top this.” Thx coach. Thx Fernando. Thx @IndianaFootball! 🤍🚀 https://t.co/QTi4imyKc3
The threat of commie comrade @RoKhanna supporting the tax has already caused half of the $2 trillion of the top wealth to leave already and will permanently reduce tax collections they would have paid on their annual income! All for a very dumb "one time" use of the tax they will https://t.co/MbEzcGOn91
The CA referendum is not a tax, it is an un-American seizure of private property upon which taxes have already been paid & deeply threatens us all. “The moment that property is not as sacred as the laws of God, anarchy and tyranny commence.” John Adams, 1787 🇺🇸🇺🇸 https://t.co/diUnWMReMT
California started with the Gold Rush and might end with the Golden Exit.
it has been underreported how much wealth has left CA because of the asset seizure tax being proposed.
a private poll was conducted amongst affected individuals a few days ago and 80-90% surveyed said
Important read. States are labs of democracy. CA has embarked on a path already causing massive harm to the state & all its citizens - and threatens to get alot worse. But there is time to correct course. That time is now. 🇺🇸 https://t.co/ZnwyVF72j9
What Curt Cignetti has done at Indiana is without a shadow of a doubt one of the most impressive things I’ve seen in the history of sports. Indiana was one of the worst football programs in the history of college football. I thought Cig was a clown during that initial presser
The two Google founders per Gemini represented 23 percent
of the aggregate billionaire wealth in CA. Throw in Peter Thiel and well over 30 percent is gone. This is the perils of socialism. It ends badly.
Announcing American Dynamism Fund II @a16z. We’ve raised $1.176 billion to invest in companies serving the national interest, security and prosperity of America and her allies.
On the eve of America’s 250th birthday, our two funds represent a total of $1.776 billion dedicated to https://t.co/o70WIoUHbF https://t.co/BSDR3XR1zN
Spent time today with @LipBuTan1, Intel’s CEO. Just four months after the United States invested in Intel, that investment is already delivering tens of billions in value for the American people. That momentum continues with Intel’s new 1.8-nanometer processor, a major step in https://t.co/V9U19JtTPw
"Capitalism created the possibility of the win win win. It used to be a zero sum game where somebody won, somebody else lost.
The biggest mistake people make, intellectuals in particular, they still think we're in a zero sum world. They're obsessed with some billionaires because https://t.co/1KNMN1q6hj https://t.co/JpUa1Lkrnk
“In 2023, these companies spent $150,000,000,000 on capex building out data centers. This year, over 500,000,000,000. That's not speculative. That is purchase orders. Those are buildings.”
“In 2023, these companies spent $150,000,000,000 on capex building out data centers. This year, over 500,000,000,000. That's not speculative. That is purchase orders. Those are buildings. That's power.”
“The world is going to be supply constrained on inference compute as far as the eye can see. It was part of the inspiration. We were also investors in Grok.”
“It means you can get the exact same performance you get out of Blackwell for one fifth the cost. Right? That's better than Moore's law. He's doing that every twelve months.”
“Look at that peak in 2021. Right? We're almost 17 times forward revenue. Today, we're at at about 4.2 times. So we're at a generational low in terms of the the multiple for software.”
“90% of the companies that are down deserve to be down. Find the 10% that got thrown out with the bathwater. Find the 10%, right, that are going to benefit from AI.”
Venture investing is a remarkable job. You get to hear visions for the future from founders. Then you get to help in a small way while they go and will that vision into existence with resilience, grace, and grit.
Being at Sequoia has given me the chance to work with some of the
@GuptaRK22 We all have but one precious life. Love the courage and the mental flexibility to follow your heart & your head. Congrats on such an incredible run - love seeing you on the field driving the world forward! 🤍🚀
“But there are other companies that we own and love, like Databricks and Snowflake, that are actually accelerating. Why are they accelerating? They are the data substrate upon which enterprises are building agentic solutions.”
“90% of the companies that are down deserve to be down. Find the 10 that got thrown out with the bathwater. Find the 10%, right, that are going to benefit from AI.”
“Lots more to come, Scott. 60,000,000 accounts created this year by June. Invest America Trump accounts are gonna change the game. It's gonna be a massive change for this country.”
“60,000,000 accounts created this year by June. Invest America Trump accounts are gonna change the game. It's gonna be a massive change for this country.”
“The consensus estimate this year, I think, is that they're gonna grow earnings about 65%, maybe 30% in 2027. You said it's an earnings driven market, so they don't need to expand multiple.”
“By April, we were tiny in terms of our overall exposure to the market because of our fears about I came on this program and talked about, you know, the Navarro nuclear option around tariffs.”
“In 2023, these companies spent $150,000,000,000 on capex building out data centers. This year, over 500,000,000,000. Though, that's not speculative. That is purchase orders. Those are buildings. That's power.”
“In 2023, these companies spent $150,000,000,000 on capex building out data centers. This year, over 500,000,000,000. Though, that's not speculative. That is purchase orders.”
“All of these stocks are trading in mid twenties in terms of their multiples in the case of something like CoreWeave, which has fallen out of favor, trading at five times EBITDA.”
“We think CoreWeave stands alone, in terms of its performance, the software that is built on top of the cloud, its execution capability, its strategic importance to NVIDIA in terms of deploying Rubin, etcetera.”
“But the fact of the matter is they're not market leaders today in AI. They're huge beneficiaries from AI. We think the company is going to continue to do well.”
NEW: Nvidia CFO says the $500B visibility through 2026 (Blackwell + Rubin shipments) grew since GTC in October. "So yes, that $500B has definitely gotten larger." Seeing orders for Vera Rubin as customers plan full-year volumes across CSPs, model makers, neoclouds. $NVDA https://t.co/afqDpcgsSg
@KristinaParts Anthropic alone likely > $20B addition in 2026. That doesn’t include any other order from enterprise, https://t.co/fAZuA733GR, sovereigns, or China. 📈 https://t.co/0FC0tZTWqm
@altcap @TrumpAccounts @InvestAmerica24 @WhiteHouse This is how you change trajectories, not just outcomes.
Participation matters more than perfection — especially for the bottom 70% who’ve been locked out of ownership, learning, and compounding for generations.
Getting everyone in the game early is how you build both financial
This is bigger than accounts — it’s about access, agency, and belief.
When people are invited to participate early, they don’t just gain financially — they learn, engage, and begin to see themselves as owners.
Real economic inclusion starts by putting everyone in the game. 🇺🇸🚀 https://t.co/SPRhfbS8Xz
💸🔥 Brad Gerstner on what Dell’s $6B Trump Accounts gift really does for the wealth gap:
"We have a massive wealth gap today. We have 529 accounts. There are 16.1 million 529 accounts in this country, and 15.8 million are to families who are in the top 10 percent of income. https://t.co/RWSZFIMedR
The Invest America | @TrumpAccounts put every child in the game w a stock acct but disproportionately benefit the bottom 70% who would have never otherwise had any investments - no gains, no learnings, nothing. That all changes in 2026! 🇺🇸🚀 @InvestAmerica24 @WhiteHouse https://t.co/kfrOyiRCXu
My mom always told my sisters and me, “don’t cut off your nose to spite your face.”
And as I think about the ramifications of the so-called Billionaire Tax, I can’t help but hear her voice. We need a rising economic tide to lift all boats, not a political plan that will sink
No better way to celebrate the 250th bday of the USA than Invest America | @TrumpAccounts! A new social contract - no more kids left out & left behind. Starting capital for every newborn citizen - an investment - a direct ownership in the future of America! July 4, 2026. 🇺🇸🚀 https://t.co/bDaD5qeyVA
@dickclucas This isn’t really about whether this proposal passes, or even how likely it is to pass. The deeper issue is what it says about the system itself.
People lose trust in a government when it stops respecting basic limits and when ideas that once would have been unthinkable are
People I know, with a collective net worth of $500B, scrambled and left California for good yesterday.
They took no risk because of the proposed asset seizure tax - introduced as a “Billionaire Tax”.
Without these people, the California budget deficit will only get bigger.
@chamath Truth. It’s just math. CA attacks creators rather than inviting them to the table as collaborators to help solve the problem. Sad because the attack on private property rights is great populist politics but just penalizes the middle class who gets left holding the bag.
Most us
@bugna_n @TrumpAccounts @MichaelDell @MattLira It happily will have “cost” me many millions & 1000+ hours - a tiny investment to defend capitalism & freedom. 🇺🇸🚀
Consider a charitable gift to Invest America Foundation. With the law now passed, every $$ will go directly into accounts or education helping the most needy understand how to claim & maximize their child’s acct. Invest America |@TrumpAccounts. 🇺🇸🤍🙏@MichaelDell @MattLira https://t.co/XNU4hn8GKq
Consider a charitable gift to Invest America Foundation. With the law now passed, every $$ will go directly into accounts or education helping the most needy understand how to claim & maximize their child’s acct. Invest America |@TrumpAccounts. 🇺🇸🤍🙏@MichaelDell @MattLira https://t.co/XNU4hn8GKq
@JackGerstner_ Started this 10 years ago. Service treks have taken us to Nepal, Tanzania, Kenya, Nicaragua, Columbia, etc. Jack said it best when addressing the 750 person community - “Giving people power is what our family does - and you are now all our family.” Give Jack a follow on X!
As I reflect on an amazing 2025 filled w tectonic changes - l’m reminded that small acts of kindness still matter & connect us all as humans. Our family’s annual @GivePowerFdn trek. Check it out - amazing family experience, see the world & make a difference. 🤍🤍@HayesBarnard https://t.co/5VyjJRt0lc
the reason demand for compute will continuously exceed supply is captured by these usage stats.
increased compute power gives an increased multiplier on progress towards your goals: https://t.co/AzP9I4kjiX
@gdb Sounds like near infinite demand at current prices. Wouldn’t most supply constrained markets naturally raise prices (surge pricing) to fairly allocate limited supply until more supply came online? 🧐🧐
@altcap @FinnMurphy12 @TrumpAccounts If you stretch this to 70 with a 125 a month contribution my compound calculator shows at 10.2 rate of return 14,787,914.32 with the assumption a child born today will live a much healthier longer life than we do currently. If this doesn’t affect a person and thier belief in the
History will show that the AI bubble talk and circularity fears from media elites and pundits came right as the AI infrastructure buildout supercycle shifted into a higher gear. because of real demand.
This is DeepSeek false FUD part two. https://t.co/qjCa2EE6An https://t.co/k1Du3xQ33X
@altcap @TrumpAccounts Brad what is the math here?
1k from USG - 250 bucks a head from the Dells + 250 bucks a head for Connecticut kids from Dalio.
So… even there you need a 21% compounded return for the duration to hit 50k by 18.
Are you assuming mega donations to move to principal up?
@FinnMurphy12 @TrumpAccounts Start w $1000 & add $1000 per yr from family, friends, company, philanthropy, state matching & compounds at 75 yr history of S&P = 10.2%.
In 2019, billionaire Ray Dalio told 60 Minutes the growing wealth gap in the country is a "national emergency." He warned that the issue "threatens to split us."
This week, Treasury Secretary Scott Bessent announced Dalio as a new partner of the so-called "Trump Accounts" https://t.co/jHltQDr73V
The American Dream is making a comeback built on ownership accts for kids not bigger gov’t. Every child. Every background. No matter your politics. In 2026 every child becomes a shareholder. $50k at 18, $175k at 30, $1 M at 55. Invest America Act | @TrumpAccounts. 🇺🇸🚀 https://t.co/hipJiLf2BI
High school student uses AI to discover 1M+ objects humans missed in astronomical data. Head of NASA openly recruiting him through Twitter with a fighter jet ride included.
All my worlds colliding. I love everything about this. https://t.co/V2F0tpf9AJ
People ask what faster AI actually means for them. Here’s a concrete example. In the video, GLM-4.6 on @cerebras builds Space Invaders in ~15% of the time it takes Claude Sonnet 4.5 Thinking.
The point isn’t speed for its own sake.
When latency drops far enough, new classes of https://t.co/nFqm4BGKNL
Man…@sundeep is all-time. @JonathanRoss321 is a genius and the team deserves this. But Sunny is one of the most savvy founders and operators I’ve known. Amazing. Congrats! https://t.co/yvYAcrv6gj
Today Groq entered into a non-exclusive licensing agreement with Nvidia for Groq’s inference technology. Along with other members of the Groq team, I’ll be joining Nvidia to help integrate the licensed technology. GroqCloud will continue to operate without interruption.
Learn
@JonathanRoss321 Congrats Jonathan & Team Groq - case study in innovation, resilience & adaptation required to move the world forward. Look forward to seeing what u build together w Team Nvidia. 🚀🚀
Huge news. Congrats Founder @JonathanRoss321 @sundeep & seed investor @chamath on a huge outcome that will change the game yet again for AI systems in 2026. 🚀🚀 https://t.co/GhBHJJ61gq
In a world of deep thinking there is an insatiable demand for fast & cheap tokens. AI systems / factories are becoming multi chip massive systems that have specialized components depending on the primary workload.
Huge news. Congrats Founder @JonathanRoss321 @sundeep & seed investor @chamath on a huge outcome that will change the game yet again for AI systems in 2026. 🚀🚀 https://t.co/GhBHJJ61gq
“Assuming that is just 50% of the CapEx, you're spending about 500,000,000,000 on CapEx, and then you've gotta earn about a trillion dollars of AI revenue for all of this CapEx to be worth it.”
“This and just to put this in context, the entirety of the software industry earns about $400,000,000,000 of revenue. This seems like a physics problem at this point.”
The private economy is booming under @POTUS @realDonaldTrump. Real GDP growth excluding government is up 4.7% at an annualized rate over the last two quarters. This is the exact opposite of what happened under Biden, when government growth contributed to historic inflation and
Today, my heart is heavy. In an increasingly divided body, Ben and I never stopped being friends. He’s a principled leader and an endlessly devoted husband and father. He’s meeting this next chapter with his signature strength and faith – we walk with him every step of the way. https://t.co/MFxscpB5Du
Friends-
This is a tough note to write, but since a bunch of you have started to suspect something, I’ll cut to the chase: Last week I was diagnosed with metastasized, stage-four pancreatic cancer, and am gonna die.
Advanced pancreatic is nasty stuff; it’s a death sentence.
@BenSasse Beautiful post Ben - a gift to all of us amidst your challenge. Thanks for the reminder that we are all on the clock - and must all re-dedicate to worthy missions of love & kindness worthy of this one precious life - however long it may last. 🤍
@altcap @APompliano @TrumpAccounts @InvestAmerica24 @jgebbia It would be great to eventually link accounts to a parents job too ie have option of direct contributions from their paycheck to the child’s account. It would seem paychex/ADP/ etc should be involved too to make this happen. The easier it is for parents to contribute the better
@CraigLavazza @APompliano @TrumpAccounts @InvestAmerica24 @jgebbia This is already happening and will exist at launch. Frictionless for maximum participation. Invest America | @TrumpAccounts
@altcap @APompliano @TrumpAccounts @InvestAmerica24 @jgebbia Ideally we can create an application process for this or allow for any broker to be able to launch a compliant app to compete!
@vishalkgupta @APompliano @TrumpAccounts @InvestAmerica24 @jgebbia This will also exist - roll over accounts that agree to manage according to standards (no fee, etc) set out by Treasury. Invest America | @TrumpAccounts
Someone should create a very simple app or website that lets anyone deposit money into an American child’s Invest America account.
It would be great to meet a young person and minutes later be able to donate $100 to their future.
@altcap know of someone building this?
@APompliano 100% this must & will exist. The @TrumpAccounts app - like Venmo & Cash App will make it easy to add $$ w QR codes & “venmoing” $$ into the account. But all 3rd party apps & ideas welcome. KPI is frictionless addt of $$! @InvestAmerica24 @jgebbia 🇺🇸🚀
One gift we can make to every child on our Hanukkah & Christmas list, the gift of savings, investment & hope. Put $100 in their stocking as the first investment in their Invest America | @TrumpAccounts - and help them build a snowball to deposit on July 5, 2026. @MichaelDell https://t.co/C58sPFifv3
This week, it was my pleasure to join @SpeakerJohnson, @SenKatieBritt, @jgebbia, Frank Bisignano and other administration officials to launch the @TrumpAccounts website and discuss how Trump Accounts will not only restore the American Dream for the next generation; but make it https://t.co/4368TDJkyG
To be fair, avg prices according to AAA are closer but still about 2x - and the point remains the same. California’s average price (~$4.32) is significantly higher than Texas (~$2.38) - often about $1.90+ more per gallon.
@Jon_Hartley_ Truth. And if @MittRomney wants to give directly to America’s kids to tackle the wealth gap without gov’t involvement / inefficiency, he should follow Dell & Dalio lead with @InvestAmerica24 |@TrumpAccounts 🇺🇸🚀
@altcap I know you’re a smart guy, you’re better than this misleading political slop. California gas is expensive but not nearly that.
You’re really down to tarnish your reputation to get in good with MAGA?
Dalio’s warnings helped inspire @altcap to found & fight to pass the Invest America Act. Full circle to see Dalio now matching the accounts - proof that America is always rising & the American Dream is making a comeback! 🇺🇸🚀 @RayDalio @MichaelDell @TrumpAccounts https://t.co/EoLr4N3KnO
The Supersonic Aviation Modernization Act, which legalizes boomless supersonic flight in the United States, just passed committee. Unanimously!
Supersonic flight isn’t red or blue. It’s red, white and blue! 🇺🇸 https://t.co/9HIpm5dlwT
The Invest America Act |@TrumpAccounts - “Perhaps the most groundbreaking policy innovation of modern times. And they are shaped by a simple vision - every American a shareholder.” @altcap @MichaelDell @SenTedCruz @SecScottBessent 🇺🇸🚀 https://t.co/dgKI2G85I1
@altcap Love it but why can’t newborns be auto-enrolled? There is plenty of data around lower income families not taking advantage of other services available to them that require proactive signup.
@altcap So if I’m born in 2025, when I hit 60 years old I have $0. If I’m born in 2026-2028, when I hit 60 years old I have 600k. That’s cool, let’s just fuck the pre-2026 kids over. Everything is relative…
@LGCappuccino No. We are opening accounts for every child under 18. And all kids born in 2025 also get the $1000 seed $$. But the real power is families, friends, summer work by kids, companies, states, and philanthropists all adding to the 401k like accounts. We are re-capturing 20 yrs of
.@TrumpAccounts are @POTUS' gift to the American people. They represent perhaps the most groundbreaking policy innovation of modern times. And they are shaped by a simple vision: “Every American a shareholder.”
When every American owns a share of the most powerful economy on https://t.co/T2PNORrYpI
It’s still a dream we got the Invest America Act passed. Thx to the Treasury Secretary for his amazing leadership. Start every child w a privately owned 401k in the S&P that grows with contributions & compounding for life. The most radical ideas seem simple in hindsight. 🇺🇸🚀 https://t.co/jtiC32GltK
My wife, Barbara, and I believe strongly in the importance of equal opportunity. I have been fortunate to live the American Dream. At an early age I was exposed to the stock market, and it changed my life. Over the last two decades, Barbara has devoted herself to helping at-risk https://t.co/DRoiwnWpUW
Very grateful to Ray & Barbara. Nobody has spoken more eloquently about the existential nat’l risk we face due to a spiraling wealth gap. Starting every child with a 401k that grows from contributions & compounding from birth is a critical to step to reigniting belief in the https://t.co/wGWHW8rCy2
Excited to raise $4B+ in our latest fundraise! We shared that we will primarily be using the capital to invest in:
1️⃣ Lakebase Postgres - serverless database for Agents
2️⃣ Agent Bricks - high quality agents that can reason on enterprise data
3️⃣ Databricks Apps - Data Intelligence
Join an elite group of technologists to transform the federal government through modern software development. Go to https://t.co/Jv6v8D7k3i to apply today https://t.co/GxD3MxaXQJ
The future of American leadership in AI starts with talent. Proud to support @USTechForce to bring top technologists into government and tackle mission-critical challenges. Learn more 👉https://t.co/zxKhXDks4R 🇺🇸
https://t.co/CzfwQVj9te
John’s point below is one of the reasons I wrote my new book. These poor kids are pressured through a “resume arms race” & this high-stress college process without time to explore/dream. https://t.co/aErKCtUoPd https://t.co/273jdiE5sU
Today President Trump signed an Executive Order on “Ensuring a National Policy Framework for Artificial Intelligence.” This Order declares that the United States must have one “minimally burdensome national standard” for AI, not “50 discordant state ones.”
The Administration
I chaired the final board meeting of MGX for 2025, where we reviewed the year’s progress and the company’s investments across key components of the artificial intelligence ecosystem, along with discussions on future development pathways.
We also examined ways to strengthen https://t.co/22CZLa8TmG
@hhtbzayed The most impressive & transformational work happening by any sovereign around the world. Truly setting the standard. Grateful for the partnership. 🇦🇪🇺🇸
We just witnessed @realDonaldTrump signing an Executive Order that ensures American AI is protected from onerous state laws.
This ensures that America continues to dominate and lead in this AI race under President Trump. Want to thank many who helped get to this moment from https://t.co/6OegG3XPSV
IMO GDPVal is the most important result from our @OpenAI GPT-5.2 launch. We outperform in-domain experts and are SOTA among *all* models on GPDVal, which measures performance on self-contained tasks like making spreadsheets and powerpoint presentations. Really impressive outputs! https://t.co/pi58n4qMdU https://t.co/JuTQFu2sx5
I am asking all businesses to consider pledging support for @InvestAmerica24 to help children build savings for their future. https://t.co/3aYIf3Ymoy
Massive momentum from small business to large enterprise. Let’s celebrate America’s 250 by making every child a shareholder in the future of America! And yes, Altimeter is in! Reply Tweet if your company is in! 🇺🇸🇺🇸@InvestAmerica24 https://t.co/rcW5TBortO
BREAKING: #BNY announces participation in U.S. Gov's new investment initiative for children, continuing legacy of expanding financial access and opportunity for employees and their families.
BNY will match the gov's $1K contribution to these accounts for newborns of eligible https://t.co/ZFwrlSlD7F
Congrats @BNYglobal. America’s best companies are making $$ into kids accts (aka Invest America / Trump Accounts) the gold standard for employee benefits. Join today - sign the Pledge! @MichaelDell 🇺🇸🚀 https://t.co/1TFu5gICa4 https://t.co/z6Aq3bEcOh
$500m in signed contracts
$250m Series C at $3B
Welcome @egeidt @Redpoint and congrats to the incredible @K2SpaceCo team on the progress and BIG things ahead! https://t.co/M3cFCb2QCx
Another important milestone for @K2SpaceCo on the journey to giga class satellites that will unlock massive applications - defense, comms & yes even AI compute. Grateful to be Day 1 partners. 🇺🇸🇺🇸🚀🚀 @KaranKunjur @neelkunjur https://t.co/2rEzEAN9kH
Really fun to chat with @patrick_oshag as always.
Investing as the search for truth, peak TPU, the reason xAI is likely to be first to market with a Blackwell model, why AI is the first time in my career investing in tech that being the low cost producer mattered, Google losing
So much of the conversation about AI and work has been hype. We wanted to ground it in evidence.
That’s why the theme of today’s @Glean:LIVE is Agents of Change – the people shaping how AI transforms work, not just talking about it.
Today, we’re taking a major step toward real, https://t.co/oj7dhN4oa2
guy casually lists his profile location as "SF, Kauai, and Montana", and he's calling out the "elites playing status games". give us a break https://t.co/G2jsvnerTg
A new product, a new customer, a new financing!
Introducing Superpower: a 42MW natural gas turbine optimized for AI datacenters, built on our supersonic technology. Superpower launches with a 1.21GW order from @CrusoeAI Backstory 🧵👇 https://t.co/ZfXjrRxHeM
Gas turbines behind the meter are a critical bottleneck for AI. Superpower by Boom will help fix w a massive step up in performance. Blake & Team are the best of 🇺🇸🇺🇸. Altimeter is happy to back America’s builders - making us more resilient & helping us win the AI race. 🇺🇸🚀 https://t.co/MyZ8AUYGqy
A new product, a new customer, a new financing!
Introducing Superpower: a 42MW natural gas turbine optimized for AI datacenters, built on our supersonic technology. Superpower launches with a 1.21GW order from @CrusoeAI Backstory 🧵👇 https://t.co/ZfXjrRxHeM
I’m proud to share a big milestone for @Glean: we’ve surpassed $200M in ARR, doubling in just nine months. This puts Glean among the fastest-growing pure-play enterprise software companies of the decade. It’s a testament to our customers, partners, and employees across the globe https://t.co/M40BS5xYu9
ONE RULEBOOK FOR AI
I wanted to share a few thoughts on AI preemption and address some of the concerns.
First, this is not an “AI amnesty” or “AI moratorium.” It is an attempt to settle a question of jurisdiction.
When an AI model is developed in state A, trained in state B, https://t.co/tO3yyc0A8M
I’m so impressed that @altcap and team have made this happen. Cut out all the middlemen in the system - direct giving to young people ++ enabling the future generation to have a stake in capitalism. It’s just awesome https://t.co/FRKYvrQax3
All the best people have an incredibly positive-sum outlook on the world.
They help other people to achieve more, do better, find love, and so on.
And their lives are enriched by it.
@cremieuxrecueil A grt friend who has manifested extraordinary success said to me - even if the cup isn’t one half full - and maybe only has a bit of water - I will still choose to see it 1/16th full. That kind of positivity makes the impossible possible - it is reflexive. 🤍
The most under-appreciated & transformational feature of the Invest America Act - a total platform shift toward direct giving. A lifetime Prosperity Account in the S&P that aligns EVERY child w the upside of 🇺🇸. @altcap @MichaelDell @CoryBooker https://t.co/WVHlpGorF7
Truth. From parents adding $20 / month, to people adopting a school or city. States like TX adding $1000 per kid. Companies all adding like 401ks. Kids saving bday & summer job money. Credit cards w 2% cash back direct into kids accts. Its all happening. 🇺🇸 https://t.co/ahJMFctr5L
America is the most innovative & giving country in the history of the world. The Invest America Act unlocks the largest public - private partnership in our history to ensure that every child has a real, tangible piece of the America Dream. 🇺🇸@MichaelDell https://t.co/PX00yLuEav
“A key component of their announcement, Ed, was that their 6,250,000,000 is only going to families that live in zip codes where the average income is less than $150,000 So they're targeting, they're excluding the highest earning zip codes in the country.”
“A key component of their announcement, Ed, was that their 6,250,000,000 is only going to families that live in zip codes where the average income is less than $150,000”
“The state of Texas just announced today, they're going to add $1,000 to every account in the state of Texas, all the kids born in the state of Texas.”
“But going from nothing to something. Yes. Going from zero and the prospect of zero your whole life to one, that is a far bigger move than going from one to five.”
The @InvestAmerica24 should enable normal citizens (not billionaires) to "invest" into peoples Trump Accounts. Like instead of donating $50k to some random organization, you can give the $50k to newborns in your area @altcap @MichaelDell
A total hit piece against Kevin Hassett. No names of any bond investors given. Hassett will run an independent Fed as he has said repeatedly. @Kalshi has Hassett Fed chair at 75% to 80%; financial markets are doing great, & responded positively to last week's @Bloomberg report. https://t.co/NFKMEXqvH4
Most people don’t realize Invest America accounts are real and it’s law and it’s a really great thing. Congrats and thanks @altcap for making it happen. https://t.co/6fyLooqREH
This is the most amazing thing I’ve ever seen… I wonder if any other folks will put $1, $10 or $100 into these accounts! 👏 nicely done @MichaelDell 👏 https://t.co/ongrJ2OmTR
@Jason @MichaelDell The Dells are the bold pioneers willing to go first and show the way but we are about to see a tidal wave - the response is overwhelming. Philanthropists, companies, and states. Thanks for being an early believer & supporter. 🇺🇸🚀
The “New Little Texan Savings Fund”
I love President @realDonaldTrump’s idea to invest $1,000 for every American newborn child, that cannot be spent until age 18 and must be used for education or other qualifying expenses. President Trump’s plan also allows family members to
I always believed the Invest America Act would unlock massive direct giving (families, companies, states, philanthropists) to America’s kids. To re-connect the 70% of kids who feel left out of capitalism to the American Dream. I now believe it is inevitable. 🇺🇸🚀@MichaelDell https://t.co/ogt0Qnw3xY
For those interested in learning more about Trump Accounts as well as Brad Gerstner (@altcap), the original champion of the idea w/ @InvestAmerica24, check out our @HooverInst @CapAndFreedom podcast episode from 2024 where we discuss the idea in depth. https://t.co/9wPUMvFwB5 https://t.co/pz7utHWas4
Couldn’t be more proud of my bestie @altcap, and my good friends @MichaelDell @dkhos and @realDonaldTrump 😜 on this historic moment.
This could be the most historic act that @realDonaldTrump does in his 8-12 years as president 🫡😂 https://t.co/uWzuH2CveP
bestie group chat on fire today with notes of celebration and congratulations...great work @altcap in creating this and @MichaelDell is a 🐐 doing 🐐 things...
putting capitalism into the hands of 25M kids is a very big deal. https://t.co/SWH2XBu4hF
“I think it's trading at 23, 24 times fully taxed earnings on next year's numbers, 18 times on 27 numbers. That is not the stuff that bubbles are made of.”
“That is not the stuff that bubbles are made of. Right? I think the rest of the mag seven all trades somewhere between twenty five and thirty times, maybe met is at 21 times earnings.”
“The stock's up over ten ten times. 10 x over that period of time as the revenue went from roughly $30,000,000,000 a year to over $200,000,000,000 a year.”
Amazing bi-partisan, joint letter from @tedcruz & @CoryBooker calling on all business leaders to contribute to the 50+ million kids accounts set up over next 6 months under the Invest America Act (aka Trump Accounts). 🇺🇸🚀 https://t.co/mRkvgN1nQ5
To EACH we pledge our lives, our fortunes, and our sacred honor. Starting 2026, every child shares in the upside of America. 🇺🇸🇺🇸 @altcap @MichaelDell https://t.co/f4Rrark5Gy
@BillAckman Thanks Bill for your vision & advocacy along the way! Now let’s get everybody involved - companies, parents, philanthropists, & states - adding $$ to the accts! Reinvigorating the American Dream for all those who feel left out by aligning them w the upside of capitalism! 🇺🇸
I love this initiative and the momentum behind it. Bravo @altcap for leading the charge and @MichaelDell and his family for their remarkable generosity.
https://t.co/l8JSpqukcU
@altcap @InvestAmerica24 Brad Gerstner a huge thank-you to you, Michael & Susan Dell, and the entire Invest America team for the America 2040 initiative. Giving 25 million kids under 10 a $250 investing head start is nothing short of transformational.
As the CEO of a construction and technology. I’m
$6.25 billion. 25 million children. $250 each.
Susan and I believe the smartest investment we can make is in children. That’s why we’re so excited to contribute $6.25 billion from our charitable funds to help 25 million children start building a strong financial foundation https://t.co/4Bcv3RKp0q
Starting 2026 & forevermore, every child will directly share in the upside of America! Huge gratitude to Michael & Susan for showing us all what is possible when we come together! 🇺🇸🙏🚀 @InvestAmerica24 https://t.co/DfTGurGdIe
So proud of the @MongoDB team for delivering a stellar Q3 that beat expectations across the board in my final quarter as CEO. It’s been an incredible 11-year run. Excited to watch @cj_mongodb & team take MongoDB to even greater heights. https://t.co/MqA7FMwbbb
Our profile of Henry Ellenbogen, the founder of Durable Capital Partners.
I always hear the same thing from founders who’ve met Henry: “he understood my business faster than anyone”
The thing that sticks with me is how mucy he just LOVES investing.
His passion is infectious. https://t.co/iCFr3TeQru
We are excited to announce a strategic partnership between OpenAI and Thrive Holdings. Through our partnership, OpenAI will become an equity owner in Holdings, and collectively we will set out to deliver frontier technology for our customers.
For decades, technology has
The last sentence of the Declaration of Independence ends with… we mutually pledge to each other our Lives, our Fortunes and our sacred Honor. 🫡🇺🇸 https://t.co/Wq20HegeY3
@altcap Thanks, Brad! I’ll listen to your latest podcast and update.
But here is my current thinking:
The current differentiator in LLMs is capital, not software. OpenAI is at a severe disadvantage here.
Grok, Google, DeepSeek, etc, all keeping pace/leapfrogging, despite late start.
@hblodget Yes, we own Google, Broadcom, Nvidia, OpenAI, Anthropic, etc. Not smart enough to pick just one winner. But I don’t think Benioff tweet much signal. ChatGPT has re-accelerated - almost 900 M weekly users. Benchmarks have converged - product velocity key. 🧐
Huge congratulations to @bgurley for receiving the @TexasExes Distinguished Alumnus Award! A remarkable honor for a remarkable Longhorn. 🤘👏🧡 https://t.co/jfD4Jk5CcL
Thank you @USWREMichael and @DeptofWar for your partnership as we bring home one of the most important supply chains of the 21st century 🧲🇺🇸 https://t.co/I3AAUPUTiF
@HayesBarnard @GivePowerFdn @LincGerstner None of this would exist without your vision & leadership. A major gift to the world. Grateful to be a small part of it! Need to do another one together! 🙏🚀
As we kick off Thanksgiving week - grateful to be starting another week of service w family & friends. Our 7th trek w @GivePowerFdn. Highly recommend. Travel with Purpose. 🤍 🦃@HayesBarnard @LincGerstner https://t.co/09HkfBruSs
We've raised $106M from @AltimeterCap @JeffBezos @sparkcapital @insightpartners @airstreet. The number is a green light to push harder.
AI provides a credible path to design biology with precision and control. This will yield an age of abundance in curing disease and beyond. https://t.co/oJj60oOqsx
“Blackwell sales are off the charts, and cloud GPUs are sold out - compute demand keeps accelerating and compounding across training and inference — each growing exponentially. AI is going everywhere, doing everything, all at once.” $NVDA https://t.co/XavOA6RUA3
“Blackwell sales are off the charts, and cloud GPUs are sold out - compute demand keeps accelerating and compounding across training and inference — each growing exponentially. AI is going everywhere, doing everything, all at once.” $NVDA https://t.co/XavOA6RUA3
“We've also grown BTC yield year after year through disciplined capital raises and immediate conversion into Bitcoin on our balance sheet, reflecting a 26% BTC yield year-to-date." $MSTR Q3-25 earnings call.
Silly question - What is the definition of “yield?” https://t.co/ttbSiQIxr6
Not a hater. I like BTC. But was confused / surprised by the use of the phrase “BTC yield” bc I think Saylor is smart - just seems the phrase is unusual & confusing in this context. 🧐🤷♂️ https://t.co/TBo9HD7jvx
“We've also grown BTC yield year after year through disciplined capital raises and immediate conversion into Bitcoin on our balance sheet, reflecting a 26% BTC yield year-to-date." $MSTR Q3-25 earnings call.
Silly question - What is the definition of “yield?” https://t.co/ttbSiQIxr6
Two years ago, we chose North Carolina as the home for Vulcan’s first facility. Today, we’re choosing it again.
I’m excited to announce that Vulcan Elements has selected Benson, North Carolina, for our $1 billion rare earth magnet facility.
Thank you to Senator Budd and https://t.co/5oeAGhRGrn
When government seems incapable of building housing, fixing schools or balancing budgets, even sympathetic voters lose faith.
If Democrats want to rebuild that faith, they must rediscover the lost art of competence.
My take: https://t.co/Dg60berwgq
Figma stock down 68% in the 2.5mos since IPO.
— Valuation: ~$19B (17x rev)
— ARR: $1.1B in ARR, +38% YoY, NDR 131%
— $1B in stock, 5% of the co, vested on IPO
There's a good reason late stage private companies stay that way.
Public markets are brutal. https://t.co/yIg41uFYn7
Alright - enough FOMO. Find me a house. CA needs to wake up. Freedom from the burdens of BIG gov’t is among the most cherished of human rights. 🇺🇸🇺🇸@bgurley @GregAbbott_TX https://t.co/ruKNt0JS7v
@RoKhanna what if the AI creates/enables/unlocks new higher-paying jobs? by trying to prevent organizational evolution due to technology, you are limiting technology’s ability to create more value for workers.
if you had done this with the emergence of the tractor to protect loss of jobs
100% 🎯. Creating new regulations to avoid imagined harms on a doomer narrative that runs counter to the long record of economic & human progress that has invariably come from prior technological advances - especially when locked in a global AI race - is highly dangerous. 🇺🇸🚀 https://t.co/MzUSCZNd5x
@friedberg Thanks for the thoughtful reply. Innovation and technological advance is patriotic and good for humanity provided it serves people. So we need to think about how it is adopted and how people can still have meaningful work and independence.
A tax code that doesn't incentivize
@RoKhanna @friedberg Ro - We have always expanded protections as the country grew wealthier from tech progress - social security, welfare, unemployment insurance, FDIC, Fannie May, student loans, job re-training - but the concern is you are now rushing to slow AI progress before it even happens!
Cursor’s growth from $1m to $1bn over the last two years is the pinnacle of excellence. There’s catching a wave and then there’s masterfully riding at Nazaré.
It’s relentless excellence and focus… At dinner with Michael in early 2024, when the team was just six people, he https://t.co/lUI37omTDg
The greatest weapon against lies isn’t censorship, it’s truth spoken with courage. Looking forward to taking hard questions, from left & right, at campuses across Ohio. 🇺🇸 🇺🇸 https://t.co/mqVeWTBllS
People worry AI will take their jobs and give them nothing back. Give them a stake, and they'll become supporters and defenders.
That's our vision at @RobinhoodApp. https://t.co/pMmoCoVyat
Give every citizen a stake! The Invest America Act (aka Trump Accounts) now law of the land. Starting 2026 all 60 M kids under 18 get a Trump Acct - kids under 2 seeded w $1000. 🇺🇸@InvestAmerica24 https://t.co/wP0pi5UjWc
Today we announced our new Fairwater datacenter in Atlanta, connected with our first Fairwater site in Wisconsin and our broader Azure footprint to create the world’s first AI superfactory.
Fairwater exemplifies our vision for a fungible fleet: infra that can serve any workload, https://t.co/lRjNQcf0LF
Great morning on @SquawkCNBC and @Nasdaq ringing the opening bell with our @AMD team following our 2025 Financial Analyst Day. So excited about the incredible opportunity in front of us to lead the future of AI and high-performance computing! https://t.co/lW3GbxrOVV
Freedom isn’t given. Today we honor every man and woman who’ve fought to protect this freedom. You built the country we get to dream in. #VeteransDay 🇺🇸 https://t.co/jCmbEaW8MV
🚨 Thrilled to announce this year's lineup for @DealBook Summit on Dec 3. More to newsmakers to come...
Scott Bessent, U.S. Treasury secretary
David Ellison, Paramount Skydance
Alex Karp, Palantir
Erika Kirk, Turning Point USA
Gavin Newsom, governor of California
MrBeast aka
“What Sam said multiple times on the pod and since is that he expects that they'll do over 100,000,000,000 in revenues in twenty seven or twenty eight.”
“I think it's healthy. We're taking some of the air out of the bubble. There's a wall of worry that stands in front of us. NVIDIA now is trading below 20 times our 27 numbers.”
“We are in a global AI race with China. This is like the Manhattan Project. We have to build out compute. It it's a it's not only a national security imperative.”
The government has played a role in critical infrastructure builds. Our public submission (posted on our blog) shares our thinking and suggests ideas for how the US government can support domestic supply chain/manufacturing.
This is very in line with everything we have heard https://t.co/1kAyLKtK6a
AI isn’t a bubble — it’s a supercycle.
Altimeter CEO @altcap joined @SaraEisen on CNBC’s Money Movers to unpack the OpenAI headlines, the AI infrastructure buildout, and what’s next for the market.
Key takeaways from Brad:
“We’re in a global AI race with China. This is like https://t.co/zikRXASsTC
Of every fund of this vintage, I would rather have Benchmark’s portfolio than any other:
Sierra ($10BN)
Mercor ($10BN)
Firework ($4BN)
Legora ($2BN)
Langchain ($1.3BN)
Manus (one of most insane teams in AI)
HeyGen ($80M ARR)
Today it gets even better with
@GuptaRK22 This. Right here. Another key reason why I love this place so much. Compete like hell. Have fun. Break bread. Know we are all beyond fortunate to be a part of this place at this moment…
At @sequoia we have a long-standing tradition of stewardship and working together as an intergenerational partnership to serve founders and LPs. Today it's my turn to entrust the next generation of Sequoia's leadership to @Alfred_Lin and @gradypb. I'm proud of our incredible team https://t.co/Rz6gLJQOZ1
Big day for us. @gradypb and @Alfred_Lin are incredible humans, investors, and friends. They embody everything @sequoia is and aspires to be. The future is bright. Thank you @roelofbotha for believing in us enough to always give the gift of high expectations. https://t.co/lJOXg63SAW
With immense gratitude and appreciation for @roelofbotha and his legendary leadership over the better part of a decade, @Alfred_Lin and I are honored to accept the torch and become the next stewards of @sequoia
Here is the note I shared internally: https://t.co/et9UZFG0Fg https://t.co/fuNIXI6Tnm
The battle for the soul of America is on - utterly shocking statement by Mamdani that he believes “capitalism is theft.” Capitalism IS America & created the greatest progress in human history lifting billions out of poverty. America will reject this nonsense. 🇺🇸🚀 https://t.co/17qOo7kJ2Y
France is changing how it taxes wealth by including large cryptocurrency holdings under a new rule targeting what it calls “unproductive wealth.”
A new law passed by the French government now applies a 1% tax to net assets over €2 million, and this includes digital assets like
Beware of politicians taking your hard earned private property because they deem it “unproductive.” The road to hell is paved with good intentions. This will bury France. America will rise by getting more people in the game of capitalism as opposed to burning it down. 🇺🇸🚀 https://t.co/MYoH0Y0Jpl
Vulcan Elements is proud to announce a $1.4 billion partnership with the @DeptofWar, @CommerceGov, and @ReElementTech to scale Vulcan Elements and ReElement Technologies’ 100% vertically-integrated, domestic rare earth magnet supply chain.
This partnership proves that America https://t.co/n49hTnOzu2
The re-industrialization of 🇺🇸is moving at warp speed. After leading Vulcan’s Series A just 3 months ago - we are honored to be partnering w @PeteHegseth & @howardlutnick to bring large-scale production of rare earth magnets to America in 2027. @_JohnMaslin 🇺🇸🚀🫡 https://t.co/nV1l4auxCz
Happy birthday Gary. I lost my fantastic younger brother on 9/11, he was 36. He loved life and he lived his life smiling and happy. He loved his nephews and niece, and he will forever be missed. We will always love Gary Lutnick! We wish you were here with us. https://t.co/5GL64JGN79
I have some news to share. After 11 incredible years, I’ve decided to retire as CEO of MongoDB. This was not an easy decision, but it’s the right time for a thoughtful transition.
Dev - thx for one of the most epic runs in SV history. @AltimeterCap invested in two pre-IPO rounds in 2013 & 2015 - they were hard rounds to get done - growth was slowing but we believed in Dev. He launched Atlas, built a world class team & the rest is history. 🫡🚀🙏 https://t.co/9HHS2irx2p
This is so good. A must read. Forget any potential motives just read the words from
Sam and come up with your own fact based assessment. Better yet watch the entire video. One of the best podcasts I’ve seen in a while. And if you have any doubts know that Satya is not going to https://t.co/ndGll717hn
Will never understand why we insist on Daylight Savings Time & Standard Time - who in the world wants the sun to set at 5.09 pm? The day was just fine yesterday when it set at 6.10 pm. 🌅🤷♂️ https://t.co/1ZBUYzNPAN
Riyadh, November 3-5 🇸🇦
Dubai, November 6-8 🇦🇪
Tokyo, November 9-14 🇯🇵
Vegas, F1, November 21-23 🏎️
Recommendations for food, shopping, fun below please! 🙏🏼 https://t.co/12WKaLqjXA
How can OpenAI with $13 billion in revenues make $1.4 trillion of spend commitments? (Source: @BG2Pod )
Sam Altman: “First of all. We’re doing well more revenue than that. Second of all, Brad, if you want to sell your shares, I'll find you a buyer. I just, enough. I think https://t.co/yRj6kfwAN7 https://t.co/CthFGuhbrv
People reading too much into Sam being feisty. I love that about him & in our founders. We laughed about it after. If you listen to his words - here is what is said: (1) alot more than $13 B revs in 2025, (2) $100 B revs sooner than people expect, (3) spending commitments https://t.co/fitS74jTuF
Vote FOR @elonmusk. The award is only achieved IF he hits exceptionally ambitious market-cap and operational milestones—if he falls short, he gets nothing. If he succeeds, shareholders will win big through unprecedented value creation, and he will earn added voting rights to
BG2. All things AI w @sama & @satyanadella. A Halloween Special. 🎃🔥@bg2pod @altcap
--
(00:00) Intro
(02:28) Microsoft’s Investment in OpenAI
(03:19) The Nonprofit Structure and Its Impact
(05:46) Health, AI Security, and Resilience
(07:50) Models, Exclusivity, and https://t.co/9d6H1iIsDa
“Microsoft started investing in 2019, has invested in the ballpark of $1,314,000,000,000 dollars into OpenAI. And for that, you get 27% of the business ownership in the business on a fully diluted basis.”
“The nonprofit is already capitalized with a $130,000,000,000, a $130,000,000,000 of OpenAI stock. It's one of the largest in the world out of the gates. It could end up being much, much larger.”
“OpenAI's revenues are still a reported $13,000,000,000 in 2025. And Sam, on your live stream this week, you talked about this massive commitment to compute, right? 1,400,000,000,000 over the next four or five years”
“if you guys went public at 10 times 100,000,000,000 in revenue, right, which would be I think a lower multiple than Facebook went public at, a lower multiple than a lot of other big consumer companies went public at, That would put you at a trillion dollars.”
“you talked about 400,000,000,000 it's an incredible number, of remaining performance obligations last night. You said that, you know, that's your booked business today. It'll surely go up tomorrow as sales continue to come in.”
“Tech companies are investing over the course of the next four or five years, it's about 10 times the size of the Manhattan Project on an inflation adjusted or GDP adjusted basis.”
History was just made.
Lux family co @anduriltech has just successfully flown the FIRST EVER fully autonomous fighter jet ever in US history.
🇺🇸 🛫🤖💪 🇺🇸 https://t.co/N7Airpf8UB
Democratizing finance is about fueling innovation. It’s a domino effect:
▶️When more people can invest, more ideas get funded.
▶️When capital formation expands, entrepreneurship flourishes.
That’s why @RobinhoodApp is doing what we’re doing. Not just to modernize markets, but
President Trump had an exceptional meeting with South Korean President Lee. As a result of this meeting, the Koreans have agreed to invest $350 billion in America. These investments will be directed and approved by the President. President Trump has designated shipbuilding as the
💯 on this from @levie
"The amount of output you get from AI agents will be directly correlated to how much you change (or reset) your workflow. It’s a continuum from those designing a process from scratch at one end to those not willing to change a thing at the other." https://t.co/83jUbclZQn
Are we in an AI bubble/slowdown? Adoption measures suggest that AI adoption is slowing down (from Ramp subscription data, US Census firm surveys & our US worker survey: https://t.co/46YnRhWobI). The Shiller CAPE Ratio is at its highest level since the 1990s Dot-com bubble. https://t.co/bfnM1SEn67 https://t.co/Fo78mdjVpR
@Jon_Hartley_ If AI revenues disappoint, multiples & share prices will fall. No doubt. Keep your eye on AI revenues from OpenAI, Anthropic, Cursor, etc. 🧐
Look forward to having @satyanadella & @sama on @BG2Pod tomorrow. The deal. The skeptics. The re-industrialization of America. Power. Chips. Models. Agents. AGI. Regulation. Jobs. And more… 🧐🚀🇺🇸 https://t.co/n9gBYz1jJh
Grateful to be in Tokyo with my old friend Akio Toyoda, Chairman and former CEO of @Toyota — a leader who taught me a timeless truth: “Better, better, better — never best.” ❤️🇯🇵🇺🇸 https://t.co/WuLCfNN3fy
Many founders have an intrinsic desire to build things that matter.
If we’re being honest, many of us want to build something that results in the titans of our field to take notice.
It just hits different when the titans instead say, “Hi. How’s your heart?”
Thanks @altcap 💪 https://t.co/RTcbxiGxOv https://t.co/c19i7D7XHL
Jensen and @nvidia delivering the AI infrastructure for U.S. manufacturing dominance. Accelerated compute turbocharging AIP—from the Lowe's supply chain to the frontline.
AI isn’t about AI – it is our asymmetric advantage to deliver country-scale transformation. AI is about https://t.co/TzGOSLHUCN
Jensen makes his case for Nvidia vs. competition, highlighting a chart what shows GB vs. H20 cost per token is 10x lower.
My take: For the past two years investors have been concerned about a cheap competitor competing with Nvidia and we just don't see it because the https://t.co/YVlnAgzito
🇺🇸 Nvidia CEO Jensen Huang on what makes Trump unique:
"It was hard to go to DC in the past. As you know, getting an appointment was almost impossible.
President Trump has a open door to leaders who want to come in and help them understand the future.
This is an administration https://t.co/WitalCir3J
In DC hosting kick off for all things $NVDA, AI, chips, power & the American compute build-out. Livestream (https://t.co/Wu2Hx25sJt) tomorrow at 8.30 am ET. 🇺🇸🇺🇸🚀 @DavidSacks
@ScottWu46 @martin_casado @saranormous @AravSrinivas @ChaseLochmiller @adcock_brett https://t.co/7flmEmCQc6
Tesla shareholders would be nuts to vote against the Elon voting / pay package that only pays out IF shareholders massively win. Passive investors should also look past ISS / Glass Lewis & vote in favor. Its obvious only @elonmusk can achieve this critical moonshot! 🇺🇸🚀 https://t.co/CSS1cxNSIh
I can’t believe we are going to cut into this froth. God help you if you don’t have a meaningful amount of money in the market. Wealth inequality is going to rip this country apart
As predicted on pod over last 4 episodes - a big China deal was the most likely outcome & huge tailwind for the global economy bc Trump is a “pragmatic realist” & self-described “deal junkie” rather than a “values” locked China Hawk. No decoupling. Fair trade for the win. 🇨🇳🇺🇸 https://t.co/FsllNn0SIJ
Socialism is the easiest sell in politics…it’s just never worked in the history of humanity. The only equality it has delivered is equality of poverty, misery and repression. https://t.co/mugt2kG5SH
Very proud to announce Crusoe's $1.375B Series E. This isn't just capital – it's fuel for execution. Here’s what we'll do with it:
•Expand our 45+ GW energy pipeline.
•Build gigawatt-scale AI factories (like Abilene, TX & Wyoming).
•Scale Crusoe Cloud (which saw 5x bookings
Honored to partner with the exceptional team at Valor Equity and @AntonioGracias as we continue the journey with @CrusoeAI.
We first backed @ChaseLochmiller in 2021 and remain convinced we’re still early in this story with him and his world-class team.
Chase is the rare founder https://t.co/ICQW6xoubJ
In the Age of Mamdani & Bernie, it’s in vogue again to attack capitalism & success. But it is precisely this system of incentives & freedom that has done more to lift the world from darkness, despair, & poverty than any other system ever devised by humans. 🇺🇸🚀🤍 https://t.co/WbjM0BO6KG
The answer to the wealth gap is to raise the floor by getting every child into the game of capitalism — not destroy the system that has made America the most prosperous nation on the planet. 🇺🇸🇺🇸@InvestAmerica24 https://t.co/2cfEObqvfz
In the Age of Mamdani & Bernie, it’s in vogue again to attack capitalism & success. But it is precisely this system of incentives & freedom that has done more to lift the world from darkness, despair, & poverty than any other system ever devised by humans. 🇺🇸🚀🤍 https://t.co/WbjM0BO6KG
“There is no innovation without speculation. No electric vehicles, no Covid vaccines, no OpenAI. No Amazon, Tesla, SpaceX or Moderna. No railroads in the 19th century or internet in the 21st. Every one of those started with a bet — sometimes one that seemed absurd at the time.”
@andrewrsorkin Truth. America is a country built upon the entrepreneurial spirit, risk taking, and the right to rise. The American Dream. Our core DNA & the greatest source of our competitive advantage - supported by the best system of risk capital in the world. 🇺🇸🇺🇸🚀
Incredible achievement @altcap @MichaelDell making this happen. Probably the most important thing in the OBBB for the future of America and Capitalism.
Proud @boomsupersonic was one of the first to announce matching contributions for employees’ kids. https://t.co/RqIkEAnG83
The Invest America Act is now the law of the land - every child born forevermore will get a Prosperity Account (aka Trump Account) at birth invested in the S&P 500 - making them a direct shareholder in the upside of America. The answer to socialism is more capitalism. 🇺🇸🚀🇺🇸 https://t.co/AFF7Zb2qXn
Today’s Monthly Treasury Statement reflects what I’ve been saying: Strong private sector led growth alongside constrained federal spending means the deficit to GDP will take care of itself.
FY 2025’s deficit to GDP is now projected to be under 6%. And with continued fiscal
@altcap Brad, I’ve gotten mine done based on your posts. Q: any personal insights on how often should this be done, considering cancer risks from repeated CT exposure?
We’re radically accelerating engine development @boomsupersonic and are hiring design and manufacturing engineers.
If you have worked on turbomachinery at SpaceX or Blue—or if you’re at one of the big engine cos and yearning to do things faster and better, DM me.
Truth. 100k preventable & needless tragic deaths per year that costs $30-50 B. Follow Peter’s advice AND also get a Calcium CT scan - 15 mins & $150 can save your life. Dying of a heart attack is dumb in 2025. Don’t rely on cholesterol tracking. 🤍🤍 https://t.co/7qWho1Hwj1
@MichaelDell Love your conclusion that it is the most interesting life you could possibly live - feel the same - total privilege. @ptj_official told me similar - thought about retiring at 60 & realized that being in the infinite game was max fun & impact. 🙏
"You want to make mistakes. You just want to make them small, iterate and fix them quickly." —@MichaelDell https://t.co/tWCBPny5bG https://t.co/kPV2h7k5bh
David has quietly become one of the great biographer / podcasters of all time & Michael is the goat of goats. Feast for the brain. 🙏🤍 https://t.co/wJjiXHXp5y
“does it make sense that NVIDIA is up 35% given that their top line has grown way faster than 50? The answer is yes. It's cheaper today than when the stock was $200 a share.”
“Lisa said we're in year two of a ten year super cycle to build out the compute in America. If you're not on the AI wave, then you're not gonna participate in all that upside.”
“Google had a lot of competitors. 20 competitors in search. They all have pretty good technologies, but Google consumed 98% of all the upside ever associated with search.”
“I think chat GPT at one you know, well over a billion and a half monthly users, over 800,000,000 weekly users, and what most people don't talk about is the engagement. Engagement is going up.”
“I think chat GPT at one you know, well over a billion and a half monthly users, over 800,000,000 weekly users, and what most people don't talk about is the engagement.”
Incredible final pod (for now), @bgurley. Saved the best for last. Getting "2 seasons" of you as a regular on @BG2Pod has been a real treat, but I'm certain @altcap brad and the team @AltimeterCap will continue to put on a great show for us. We appreciate both you guys and the https://t.co/xn94QBE2Lv
@Rich_Barton @bgurley @BG2Pod @AltimeterCap What’s the over/under in weeks until Bill will have a burning topic he wants to come on & talk about?! 📈
New pod link attached, but first a life / pod update.
Almost two years ago I kicked off the BG2 podcast w my good friend @altcap to talk about tech, markets, investing, capitalism. We have covered important topics from nuclear to China from the AI boom to self driving cars from https://t.co/iqHG4cnjBE
Incredible Bill. I’m the lucky one. Grateful for your friendship & always pushing my thinking - just like you have done for so many people since starting Above the Crowd 25 yrs ago. The book is epic - I will be giving away hundreds - now get to work & come back on soon! 🤍🚀 https://t.co/QYuT16jKGz
BG2. AI Bubble or Buildout? $3T CapEx, Stablecoin Boom, and Gurley’s Next Chapter 👊💥 @altcap @bgurley @BG2Pod
(00:00) Intro
(02:00) Two Years of BG2
(03:45) Bill Stepping Back to Write His Book
(07:00) The AI CapEx Bubble?
(13:00) Nvidia’s Investments: Healthy or Hype? https://t.co/cmirh2Hz0n
“So there's no other potential customers, and the buyer would not have had the ability to buy it but for that capital. That to me raises big red flags.”
“This is the NVIDIA sell side forecast. Okay? Forecast this year is for about 200,000,000,000 in revenues, growing to about 350,000,000,000 in revenues over the next five years.”
“And so, like, the question is, Bill, how much revenue do they need in 2030 to justify $150,000,000,000 in capex? Well, I think you would need at least $150,000,000,000 of revenue.”
“if states are going to pass these laws, Bill, then I wonder whether or not OpenAI or some other company should consider blocking the citizens of those states until it's resolved at the national level.”
I first knew how incredible this authoritative profile of Josh Kushner and Thrive would be when the author, @JeremySternLA, sent me a 500-page document full of interview transcripts he’d done with members of the Thrive team. That dossier ended up being less than half the total https://t.co/9FCDrnO9Dk
Markets, China, AI Bubble Talk, VC, re-industrialization, OpenAI, $NVDA, @RobinHoodNYC, @InvestAmerica24 & more. Always grt to chop it up w @andrewrsorkin @BeckyQuick & @JoeSquawk . 7.30 AM ET. 🚀🚀 https://t.co/yLEygIYyQy
Phillip is married!
It was a wonderful day! Great ceremony, great location, great wedding vows, and lots of tears (of joy) were shed
#POSITIVITY https://t.co/8ogtZF9MDt
Being America FIRST does not mean being anti China. In fact, reflexive anti-China is often self defeating. It means getting a great & fair deal for America that advances our vital interests. 🇺🇸 https://t.co/oy4n5BzPxa
The Commerce Clause was written to stop states from fracturing national markets. That’s exactly what’s at stake with AI.
Here’s why. Look at Colorado’s AI law as an effort to regulate every AI system that touches a Colorado resident, no matter where it’s built. But as more https://t.co/8IjWQG89Sf
We must have Federal action to pre-empt the insane patchwork of unworkable, virtue signaling AI regulation that is emerging from states like CO. It offers no protection but bogs down American AI progress & threatens our global leadership. More on next @BG2Pod. @DavidSacks 🇺🇸 https://t.co/Jw7441XMHd
Phillip Hellmuth III, getting married 10/12/2025 (in two days! On Sunday); Phil Hellmuth, married August 24th, 1963; Phil Hellmuth Jr. (me!), married March 30, 1990…
Wedding bells ringing soon! 🔔 🔔
#POSITIVITY https://t.co/EgqoYcfaTM
Thank you to @mary_erdoes6, @jpmorgan, and @D3Harvard Institute for hosting such an exceptional dialogue at Harvard this week.
It was an honor to join Brad Gerstner in front of leading investors to discuss how AI is redefining competitive advantage and enterprise value creation. https://t.co/ICuPVghM9i
🚨 Pod up: The fifth bestie returns @altcap
Welcome back Brad Gerstner!
-- Trump Brokers Gaza Peace Deal
-- National Guard in Chicago
-- OpenAI-AMD deal
-- AI Roundtripping and the Bubble Myth
-- Gold Rally
-- Polymarket $2B investment, future of prediction markets https://t.co/bsGjjC9mXw
Another first for our AI fleet... a supercomputing cluster of NVIDIA GB300s with 4600+ GPUs and featuring next gen InfiniBand.
First of many as we scale to hundreds of thousands of GB300s across our DCs, and rethink every layer of the stack across silicon, systems, and software https://t.co/EtNvnSAFr6
So @gdb made a very interesting statement about the power to revenue ratio. (1GW=$1B and scales.) Without a beat. Without wavering. Of course he would be bullish BUT he k is exactly what he can build with this much commute. H/T @altcap https://t.co/unXTXiFAeZ
@PatrickMoorhead @gdb Revenue will have to scale - or these “announcements” will never turn into full acale “deployments.” And that is fine - stocks are not giving credit today. $NVDA consensus cagr < 10% for ‘27-29. Healthy skepticism. Time will tell. 🧐
Get ready for huge range and speed improvements, even in existing weapons systems. Packing more energy into rocket motors with identical form factor and interconnect will keep some of the Cold War's greatest hits on tour for decades. https://t.co/C0bzNbAwaE
Think it was more like 9 months ago or maybe 12 :). Consumer apps need to be reimagined with agentic support. Traditional UI, where I have to enter redundant data is so yesterday. https://t.co/rEOECxnC5V
At DevDay we announced that ChatGPT has 800M weekly active users, and our API is handling >6B tokens per minute 🤯
Really, really excited about the Apps SDK in ChatGPT though—enabling the products you love to build into ChatGPT will be super powerful + useful.
Cerebras’ IPO failed because of revenue concentration to a Emirati hold co (G42) the US Gov wanted an embargo against
Not because of “per-watt efficiency”
As real time, high bandwidth models (ie Sora 2) reach mass adoption, ASICs with lower latency are the most viable option https://t.co/t97J5WiFCF
Nothing has failed & to set the record straight - both @cerebras and @GroqInc have record revenues & both just raised huge up rounds bc while true that @nvidia will remain the backbone of global AI infra - specialty infra in a multi trillion market is still huge biz. 🚀 https://t.co/t3NymGa0QV
So pumped about the next couple months of Uncapped 🤗
@roelofbotha from Sequoia
@kvogt from The Bot Company
@ericvishria from Benchmark
@zoink from Figma
@thomas_coatue from Coatue
@AlexPallNY from Chainsmokers / Mantis
@vhankes from Thrive
@btaylor from Sierra
We have seen several platform rivalries in our lifetime. Windows/ x86 vs Mac. iOS vs Android.
But the below may be the most crucial : the American AI stack ( chips + models + apps) vs the Chinese AI stack ( Huawei + DeepSeek / Qwen:..) to be the platform of choice for countries https://t.co/JxuTtAJLk6
a great opportunity for a revenue-wise diversified fintech like @RobinhoodApp that can afford to treat the stablecoin as a market share driver vs. profit engine https://t.co/GCA1NCVnnX
Good post on evolving stablecoin market structure. I would extend it further: yes, I think that stablecoin issuers are going to have to share yield with others, but this is just one instance. Everyone is going to have to share yield. Today, the average interest on US savings https://t.co/yjjLOzxoOk
@patrickc I share your consumer views. But math is damn near impossible for traditional banks. Assuming deposit rate goes up 1%, net interest income (NII) would shrink 30% (NII today is 3.3%), bank rev would shrink 20% (NII is 70% rev) - wiping out all the net profit of US banks today.
It’s the best of Jensen and the best of Brad so far !
And the best of Clark
I am sending this to every founder starting an ASIC company
@BG2Pod https://t.co/NwCYoz2Qu9
i get the vibe here, but...
we do mostly need the capital for build AI that can do science, and for sure we are focused on AGI with almost all of our research effort.
it is also nice to show people cool new tech/products along the way, make them smile, and hopefully make some https://t.co/bcCUmXsloP
@sama 100%. Entertaining & educating billions while generating a self-funding mechanism to advance break thrus in science & AGI advances the cause - it doesn’t set it back. 🚀
Over the past few years, DoorDash Labs has been building one of the most sophisticated autonomy stacks designed for the real-world challenges of local delivery.
Today, we're introducing Dot, the first commercial autonomous delivery robot to travel on bike lanes, roads, and https://t.co/P2JS8moA17
We are launching a new app called Sora. This is a combination of a new model called Sora 2, and a new product that makes it easy to create, share, and view videos.
This feels to many of us like the “ChatGPT for creativity” moment, and it feels fun and new. There is something
@VivekGRamaswamy OH is lucky to have Vivek! Compounding as an owner in the upside of America will transform the country by better aligning kids who feel left out & left behind. The right to rise is intrinsic in the American Dream - this updates that promise for the Age of AI. 🇺🇸🚀
We're working with @OpenAI to offer native purchases directly in ChatGPT. It's really cool, and feels like a template for where much commerce will go: https://t.co/m9TPTfUWUS
@collision @OpenAI 100%. Directing my agent to buy or shop for me is far more natural & productive than traditional web search / commerce - which forced us into tiny web forms / apps. This should massively reduce friction & increase commerce.
No, Jensen. I am a proud China hawk.
I strongly support working with amazing Chinese talent - America is better because of the smart Chinese people who fled to our free country, or came looking for a better life.
But the CCP is an evil, murderous authoritarian regime. https://t.co/FmsZCY1y8D
@JTLonsdale Joe - listen to the segment of the podcast in full (over 20 mins) & u will see there is little daylight between you & Jensen. Jensen is a patriot who supports this President on China & AI, wants to win the global AI race, & also find common ground with China where possible.
Cool thing launching today: you can now buy products directly from ChatGPT (starting with Etsy and expanding soon to over a million Shopify merchants). It’s powered by the Agentic Commerce Protocol, an open standard we built with Stripe. Merchants and developers who want Instant
Agentic commerce will be so natural it will feel like it always existed. My GPT will buy my black T-shirts, book my hotel rooms & give me an awesome feed of product ideas. Like the perfect assistant - never fill out a web order form again. https://t.co/SXLnQY3vld
We have three cool announcements today:
(1) @OpenAI is launching commerce in ChatGPT. Their new Instant Checkout is powered by @stripe.
(2) We're releasing the Agentic Commerce Protocol, codeveloped by Stripe and OpenAI.
(3) @stripe is launching an API for agentic payments,
@tedcruz Would not have happened without your leadership. Addresses the wealth gap by making every child a capitalist, a real private owner in the upside of America. 🇺🇸🚀
Why does ‘China Hawk’ equate with ‘destroying that pipeline of the American Dream’ ? What’s Huang saying? Is not wanting to be dependent on the PRC for rare earth magnets or pharmaceuticals’ or standing up for freedom and human rights ‘a badge of shame’? @ZachMottl @steveyates https://t.co/3ksQcXvg28
@ajphelo @ZachMottl @steveyates Actually listen to the whole section - he is saying that there is a slippery slope attacking & denigrating the Chinese - we are alienating amazing Chinese AI engineers who make up a huge piece of our AI labs. The American Dream is the most powerful recruiting tool in our
@altcap U mean after Jan 1 2026 right? And a 15 year old kid can open an investigation América account now? Would love details thanks. And where and how the open
@LOGOinvestor No - law provides $1000 for all kids after Jan 1, 2025 (basically all kids under 2 yrs old). And for 2-18 yrs old you can open an account but won’t get the $1000 from Treasury. Registration (name + social security # sign up) starts soon and account creation next Spring…
All kids under age 18 are eligible to open an Invest America / Trump Account & all kids under 2 (born after Jan 1, 2025) will automatically receive a $1000 kickstart from the Treasury. Sign ups will begin soon & accounts will be funded / launched next June / July. 🇺🇸🚀 https://t.co/qD1dCOGcpW
The goal is that all kids born after July 4, 2026 will be as close to “automatically” enrolled as possible. We want ZERO friction - and 100% enrollment. You have a an automatic “security” account for retirement and an automatic “prosperity” account for your life! 🚀🚀
All kids under age 18 are eligible to open an Invest America / Trump Account & all kids under 2 (born after Jan 1, 2025) will automatically receive a $1000 kickstart from the Treasury. Sign ups will begin soon & accounts will be funded / launched next June / July. 🇺🇸🚀 https://t.co/qD1dCOGcpW
There are advantages over 529 & custodial accounts including more tax deductible contributions, lower fees, company matching for a huge number of companies & growing, and many other “matching” and philanthropic contributions that will be announced soon.
I chaired the second board meeting of MGX for 2025, where we reviewed the company’s progress and reaffirmed its strategic path. The Board approved major new investments across the AI ecosystem, further strengthening MGX’s position as a global enabler of innovation.
Through these https://t.co/lIB7RKtPuq
@hhtbzayed I see many friends around that table. It is incredible to see the progress. MGX is a start up - but is already the most innovative & influential sovereign tech fund in the world. 🙏🫡
It’s not about the Chinese people who want to aspire to live the American dream. It’s about the Chinese Communist Party, which has chosen to be our enemy and actively seeks to destroy America and that dream every single day. https://t.co/IYOx23TLEQ
@SenRickScott Jensen made clear he wants to compete aggressively with China & win. He called 47 the Bring It On President - said he is our secret weapon in AI. But said that we need to recruit the best & brightest from China - not isolate ourselves. Refusing to make a deal with China &
Starting in July 2026, parents of eligible newborns can claim a $1,000 head start on their child’s investment journey, funded by the federal government.
Championed by @InvestAmerica24 and @altcap, the program has been signed into law by @realDonaldTrump.
Here’s a preview. https://t.co/0yPMXJnYzH
All kids under age 18 are eligible to open an Invest America / Trump Account & all kids under 2 (born after Jan 1, 2025) will automatically receive a $1000 kickstart from the Treasury. Sign ups will begin soon & accounts will be funded / launched next June / July. 🇺🇸🚀 https://t.co/qD1dCOGcpW
Jensen teams up w @altcap, @POTUS, @MichaelDell & many others to pass the Invest America Act into law - Trump Accounts make every child a true owner from birth sharing in the upside of America’s greatest companies. 🇺🇸🚀 https://t.co/LKNHuy0dhj
BG2. Ep 37. NVDA! $400 B OpenAI Deal; $4 Trillion AI Capex Build Out; ASICS & Comp Moat; Trump, Elon, China, H1Bs & more. @altcap @_clarktang @bgurley
(0:00) Intro
(0:37) The Year in AI Recap
(3:24) OpenAI Stargate & Nvidia Investment
(8:41) Nvidia Accelerated Compute TAM https://t.co/suB2B1tpwS
AI should do more than just answer questions; it should anticipate your needs and help you reach your goals. That’s what we’re beginning to build, starting with ChatGPT Pulse (rolling out now to Pro, with goal of making it available to everyone over time): https://t.co/k17KPpg7Cj
A couple hour $NVDA banger dropping today or tomorrow. From the OpenAI deal (yes including bubbles & round tripping) to ASICS TPUs & competitive moats, to export controls & competing w China, to H1Bs the America Dream & Invest America and yes Elon too. 🇺🇸🫡 @BG2Pod https://t.co/wGzYJzOSEi
Starting in 2026, every child will share in the upside of American capitalism with a private acct invested in the S&P 500. The Invest America Act / Trump Accounts make this Buffett dream a reality. @InvestAmerica24 🇺🇸🚀💪 https://t.co/Ks1F1mXVhE
10 megawatts of power, 315 million AI cores - enough to power 10,000 homes. Deployed in Oklahoma City.
It reminds me of stories my father told me of growing up on a remote mining site in Kalgoorli, Western Australia.
His stories showed me that transformative work doesn’t just https://t.co/SCZ7vQPmUH
America is building again! Federal & State regulatory relief + capital reserve relief at banks + accelerated depreciation +massive AI investment cycle + onnshoring critical natl sectors = massive industrial revival. 🇺🇸🫡🚀 https://t.co/ExmRtEixuB
Our new Data Center in Oklahoma City. Its been a good year for OKC. The @okcthunder are the NBA champions and @cerebras opened a data center chock full of the fastest AI infrastructure in the world. https://t.co/nHk1Rk0sKJ
As AI capability increases, alignment work becomes much more important.
In this work, we show that a model discovers that it shouldn't be deployed, considers behavior to get deployed anyway, and then realizes it might be a test. https://t.co/X4kKwyNTiC
We wrapped up this year's competition circuit with a full score on the ICPC, after achieving 6th in the IOI, a gold medal at the IMO, and 2nd in the AtCoder Heuristic contest! https://t.co/KBt5sdnNoN
Earlier this year, we began collaborating with Alex Davis and his team at Disruptive. They have been incredibly supportive and further enabled our business’s growth. 🙏🏽 https://t.co/6GzOdSKyLQ
@BG2Pod I don’t subscribe to the pod for the content as much as I do the hosts.
Latest ep not interesting without @bgurley and @altcap commentary.
Hope it doesn’t become a common thing!
Can appreciate trying new things though…
Twenty-four years ago today, evil took 2,977 innocent lives in the deadliest terror attack ever carried out on American soil. Among those murdered were my brother Gary, my best friend Doug, and 656 other colleagues and friends from Cantor Fitzgerald.
I am alive today because https://t.co/wRn3J1CWhX
“Eventually Google will pull the rug on, you know, these free links. And so they really, unlike a lot of other websites, focus on building the brand outside of Google.”
“ChatGPT became the verb and I would argue, maybe just So, you know, if we go to this slide right here, You know, AI is scaling way faster than the Internet did.”
“They went from 87,000 employees to 62,000 employees in October of 'twenty two. They reorganized the company around AI starting in February of 'twenty three.”
“When Satya came on our pod and he said that, you know, that at the end of the day, most applications are just consumer interfaces sitting on top of a CRUD database and, you know, Mark Benioff calls me and he's like, you know, that's not true.”
“And I'm sorry if not everybody agrees here, but I'm saying to some of my companies, this is too important a time. The opportunities are too big, right?”
“Imagine in 2001, 2002, if we had said to Google, You can't launch in any other country unless you come to Washington and beg for a license to launch in any other country.”
“I fought for this for three years. We just got it included in the reconciliation bill. The House lost their mind, some freedom caucusers and tried to rename it MAGA accounts.”
Don’t start with the product. Start with distribution.
I give this advice to entrepreneurs all the time because distribution is the hardest part of building a company. “Build it and they will come” almost never works. And even if you expect distribution to be hard—it’ll be 10× https://t.co/o8gPveEbYP
We’ve raised over $400M at a $10.2B post-money valuation to advance the frontier of AI coding agents.
The round was led by Founders Fund with other existing investors including Lux, 8VC, Neo, Elad Gil, Definition Capital, and Swish VC all doubling down. We’re also joined by new
Backing @ScottWu46 & team as angel investor was an easy decision. From poker games at the team house to $10 B. Silicon Valley never stops or ceases to amaze! 🫡🚀 https://t.co/TierDzYsn1
When we started Cognition, we were a small group of engineers who shared a lifelong love of coding. We hunkered down in an apartment in NYC and built the product we always wanted for ourselves.
A lot has changed over the last 20 months but the core vision has not. We see a https://t.co/1Cbl5UcHSO
Had fun chopping it up with @Jason, @DavidSacks, @friedberg, and @chamath at the All-In Summit. Now off to Vegas for HOOD Summit! https://t.co/kL4hN5jVz3
We’re building an unprecedented big-tent coalition in Ohio. Grateful to Independents & centrist Dems joining us in droves. If you care about economic growth, creating wealth, fighting violent crime, & giving your kids a world-class education, then we’re on the same team this year https://t.co/poCt2KxGQl
“if we have this view that the only reason China's competitive or winning is because they're they're stealing or they're subsidized, I think what that view does is it allows us to dilute ourselves into believing we don't need to get better ourselves.”
“I haven't heard your thoughts on the revelation that people inside Apple were kicking the tires at Perplexity and some of the other LLM providers and AI companies.”
“What's your opinion on the build it versus buy it debate around Apple? I feel like for $2,025,000,000,000, they should just buy it, just given how much cash they have”
“Jensen said, you know, when he was on our pod last year, he said, we think the build out between now and the end of the decade's $2,000,000,000,000 of total compute.”
“A year ago, Google per month was doing about 9,000,000,000,000 tokens a month in terms of inference generation, right, compute generation. Today, it's 980,000,000,000,000 tokens.”
“So the consensus for next year is 250,000,000,000 of data center revenue. If they grow up 50%, that's gonna be closer to 300,000,000,000 or closer to $8 a share.”
“China is a $50,000,000,000 market for NVIDIA unto itself. So I believe that the probability they're gonna be able to sell chips China is north of 50%.”
“This is what Google did in the early two thousand. Right? And by the way, Google didn't have to go to Washington to get a permission or to get a license.”
“They just went and competed around the world, and now the world runs on the democratic principles that are embedded within Google. I wanna see the same thing happen in the age of AI.”
“I think that Iconic is going to lead a $5,000,000,000 round into Anthropic at $170,000,000,000 In the case of Anthropic, it's, you know, 170,000,000,000 on rumored $5,000,000,000 in revenue.”
“It's a 30 move in about sixty or seventy days, which is extraordinary even by the historical patterns that we've seen over the course of the last five years.”
“Import prices have been going up at a slower rate than domestically produced goods. Okay, so this is the exact opposite of what you would have expected from tariffs.”
“At Altimeter, we just led the Series A in a company I don't even know if we've announced it, but I'll announce it here which is an all American producer of rare earth magnets.”
“I think this president wants to do the biggest deal ever done with China. I don't think he's dogmatic at all. I don't think he's some big China hawk.”
“He said at the AI summit last week, I'm a deal junkie. I like to do deals. You can't be the biggest deal maker in the world without doing a big deal with China.”
“They've invited the president to China. The president has suggested he's going to go to China the first week of September, sometime between September and November.”
“Sam's like the world has already changed dramatically over the course of last twenty four months, but people aren't, you know, it's not changed that much about our daily lives.”
“I think we definitely are in the camp that it is way too early to obstruct American AI with you know useless regulations like we don't even know what we should be regulating.”
“It took us forty years to realize we needed seat belts and airbags and that we needed speed limits and things like that and we'll need all those things for AI but I think it's way too early to be doing that”
“What's your level of confidence that you guys will reach a 100,000,000,000 of revenue in the future and kind of be that you know AI defining company because at a 100,000,000,000 in revenue it seems to me that this company could be on a path to being the most valuable company in the world,”
“right, 5 to $10,000,000,000,000 business in the fullness of time, which frankly would not surprise me for the winner in the age of AI, right? The winner in consumer and a big company and enterprise,”
“the market cap of the world, the net worth of the world is like $45,500,000,000,000,000. Equities, I think, are like 120 or stuff. Real estate's probably another 100, 150.”
“we're like Bitcoin at two. And I'm like, god, so Bitcoin represents two out of 500 of the net worth of the world or 400, whatever. It moves a little bit. Could it be four?”
“the largest company, Microsoft, today is like 3 and onetwo trillion. Let's say that Microsoft, I don't know, doubles in ten years. It would only be growing at 7% per year.”
“if productivity for the next decade or so was about two and a half to three and a half percent per year, we could achieve substantial reductions in this key ratio of debt to GDP.”
“I talked about Henry Blodgett's 400 call on Amazon back in 2000. Right? What do you think Amazon is today relative to the $400 call that Henry Blodgett made in 2000?”
“NVIDIA has you know, it went from 80% market share in China where all the developers, second largest developer market in the world, were were developing in CUDA.”
“We thought we knew everything about the internet. We knew it was going to change the world forever. And it turns out we overestimated what it was going to do in the short term, right?”
“I did I saw some analysis from my team this week will post that OpenAI reached, you know, 400,000,000,000 annual searches, eight years faster than Google.”
“I saw some analysis from my team this week will post that OpenAI reached, you know, 400,000,000,000 annual searches, eight years faster than Google. Right? So they're doing over a billion searches a day now.”
“Number one, this, you know, this b 30 is this deprecated chip. So one of the concerns we had about the h 20 was that there was too too much high bandwidth memory on it.”
“On point three, it gets us right? If we do this trade, and I don't know that China would do this trade, but if we did this trade, then it would get us access to those rare earths right now, which is absolutely critical, and it buys us time to stand up our own rare earth supply.”
“I think it dramatically increases the chances that China is forced to move on Taiwan. Right? We're out there telling everybody in the world that AI is totally existential.”
“They don't have accounts that compound. They feel left out. They feel left behind. Less than half of people under the age of 40 have a favorable view of capitalism.”
“So the total cost of this, 3,700,000 kids born a year, a thousand bucks each kid, $3,700,000,000. Just to contextualize that, that's about the cost of a single Patriot missile battery.”
“The problem is every $300,000,000,000 you cut is a 1% headwind to GDP. So if you cut $2,000,000,000,000 in a single year, you have negative 7% GDP, right?”
“The problem is every $300,000,000,000 you cut is a 1% headwind to GDP. So if you cut $2,000,000,000,000 in a single year, you have negative 7% GDP, right? It would throw us into a recession”
“One of the ministers in Saudi Arabia said to me that Huawei had gone from 0% market share to 40% market share and they were months away from making the decision to go with the Huawei stack right? Because they can't be left behind.”
“One of the ministers in Saudi Arabia said to me that Huawei had gone from 0% market share to 40% market share and they were months away from making the decision to go with the Huawei stack right? Because they can't be left behind. They have to do something.”
“It's $40,000,000,000 business NVIDIA in China to keep them on the CUDA ecosystem rather than allowing them to have a monopoly on the Huawei ecosystem.”
“On a split adjusted basis, where is Amazon today relative to that $150? It's up 200x. Where is it relative to where it was in December 2020? Up 1000x.”
“So in in Abu Dhabi, they announced a five gigawatt US AI you know, it's a UAE, US AI campus. It's an incredible architectural campus. It's in collaboration with NVIDIA and OpenAI and Oracle.”
“Can you imagine if in the year 2,000, Washington DC had said, oh my god, Google is so powerful that we're not gonna allow any other country in the world to have access to this Google machine that might give them answers to questions unless Google comes to Washington and gets federal approval”
“And if you put China at 30% on strategic, at 15% on nonstrategic, and the rest of the world roughly at 10%, you come up with about 300,000,000,000 in tariffs.”
“In fact, I heard somebody say that in five to ten years, stablecoin issuers will become the biggest holders of US debt on the planet because they have to own that debt to back, right, the stablecoins, the tokens that they're issuing.”
“Just this weekend, he said, free and fair trade, right, has been the most powerful engine for prosperity on a global basis and this country for the last fifty years.”
“And we have companies like Uber and Dell and many, many others, Oracle, Nvidia, etcetera, all say they'll contribute to the accounts of the kids of their employees.”
“If the president signs this into law as part of reconciliation on July 4 of this year, that means on our two hundred and fiftieth anniversary, 07/04/2026, we can have 40,000,000 children, 40,000,000 families.”
“And starting in the spring of last year when we saw full self driving, you know, 12.3, and then by the end of the year, 12.9, we just knew autonomy was here.”
“I have a a new Tesla Model s I bought in December. It drives me everywhere. I tweeted about it the other day. I don't touch the steering wheel. I think it's quite extraordinary.”
“I'm absolutely convinced Robotaxia is coming. It's coming from Waymo. It's coming from Tesla, and it's coming from others around the world and many in China that Uber is partnering with around the world.”
“I just don't have the confidence yet that that has fully come together and is really going to be able to stand up to the full stack solution that Tesla has.”
“But to your point, Josh, if they don't have speed of pickup in Austin when they launch in June and if they don't have the lowest price, then there is no market for them.”
“We see parents all over San Francisco that are getting their kids to after school activities in Waymo's with no drivers. They actually prefer it to an Uber with a driver.”
“We actually have a small slice of of Uber in our portfolio today that we've added right over the course of the past few weeks on some of these pullbacks.”
“So we're three years into this recovery. We've got this incredible group of companies that are still private, you know, think of the Stripes and Databricks and SpaceX, etcetera.”
“So I earned a 100 x return in the public markets. Right? By all accounts, venture capitalists would do back flips for that return, but those returns were going to private market participants.”
“If you looked at that, the cap table for the 10 investors in that round, it would be a dream day one IPO cap table for any company that wanted to enter the public markets.”
“You know, it's just nomenclature to not call that public. The problem with it is, the only people who get access to that are accredited investors, and retail investors are completely cut out.”
“OpenAI made a lot of sense to us, you know, they just reported last week over 400,000,000 weekly active users, I think over 700,000,000 monthly users growing fast, etcetera.”
“OpenAI, you could see the pacing from the launch of their first consumer product relative to Google and Meta. Sarah just talked on CNBC last week, this year will be over $11,000,000,000”
“If you look at tariffs, they're likely to impose, we currently generate about $50,000,000,000 in tariff revenue. The president is targeting 500,000,000,000, so a 10x increase in tariff revenue.”
“At the same time, Elon and members of the House and Senate are talking about cutting a trillion dollars of government spend. So one way to think about this is 1,500,000,000,000 of government austerity.”
“I think ironically, what people are not yet bracing for is that the success of austerity, the success of balancing the budget, the success of Doge, likely means short term pain for markets.”
“You know, he wrote in his LP letter, a fully loaded gun rarely discharged. And where does the president sit? I think the president sits right in the middle.”
“So think about what we just talked about. It's all uncertainty. Yeah. When uncertainty goes up, discount rates go up, risk premiums go up, multiples come down, markets come down.”
“When uncertainty goes up, discount rates go up, risk premiums go up, multiples come down, markets come down. That's that's the explanation for the last four weeks in the market.”
“But when they hear Delta Airlines warn this week that they're seeing, you know, a softening of consumer demand, when they see United Airlines, Scott Kirby, you know, say the same things.”
“But that's why I think that the speaker and the White House are moving at lightning speed. They know this can't drift into the summer or fall, or you run the risk of starting 2026.”
“so two quick things. Number one, CoreWeave announced yesterday a $12,000,000,000 deal with OpenAI on Stargate. Those things are getting constructive. We're investors there.”
“CoreWeave announced yesterday a $12,000,000,000 deal with OpenAI on Stargate. Those things are getting constructive. We're investors there. I I can tell you those things are getting built.”
“Of the 50 people who could be administrators of these accounts on a private label basis to the federal government, they've not only said that they would manage them for the lifetime of the account for free, but that they would actually contribute at the time the account was opened because they know savers save.”
“They would invest it in a drawdown trust. They would match every kid in the state of Texas whose family earns under $200,000 for the lifetime of that account.”
“when you take power into account, it really does it does get you closer to this billion dollars of TCO, which was out there, you know, discussed, which is similar, I think, to the TCO of of the comparative models. Now, of course, they talked about the $6,000,000 final training run,”
“On top of that, we learned, you know, they are massively compute constrained right now. So you've seen some tweets about this, people that are, you know, getting server delay and all this stuff”
“they are massively compute constrained right now. So you've seen some tweets about this, people that are, you know, getting server delay and all this stuff with with these guys because of their massive success.”
“Sam said, yes. We are discussing. I personally think we have been on the wrong side of history here, and we need to figure out a different open source strategy.”
“I think that Trump may in fact have a much, much deeper and more principled belief in tariffs. If you listen to his speeches, if you read them, and this goes back over a decade.”
“So we're a debtor nation, and we're paying 5% on all that debt. So the hurdle rate to our return that is needed on the sovereign wealth fund, right, is 5%.”
“he said, but we're also going to have a trillion dollars of CPU replacement, of data center replacement workloads over the course of the next four years.”
“So you would have to think that there would be 70% PE compression from here or that their revenue was going to fall by 70% or that their earnings were going to fall by 70%.”
“inference time reasoning is way more compute intensive than simply scaling pretraining. Why don't you walk us through? We have a really interesting graph here about why that's the case”
“So, you know, if you think that infrastructure expenses are going to grow at 30% a year, then I think you have to believe that the underlying inference revenues, right, both on the consumer side and the enterprise side are gonna grow somewhere in that range as well.”
“if you think that infrastructure expenses are going to grow at 30% a year, then I think you have to believe that the underlying inference revenues, right, both on the consumer side and the enterprise side are gonna grow somewhere in that range as well.”
“So we have two thousand years, you have no GDP growth. And it all happens to magically line up with, you know, the founding of America, the wealth of nations, limited government, entrepreneurialism, etcetera.”
“I think this is a shame because now because of a lot of this regulation, small retail investors don't get a shot on goal on investing in open AI early.”
“I think this super cycle is going to be bigger than all the other super cycles put together like I think this is what we're going to be investing again against for decades to come.”
“We know that kids who have an investment account for birth, they're more likely to graduate from high school. They're more likely to be financially literate.”
“Now you get there by simply reducing the size of government by about 3% a year for the next four years. Again, just still going from 5,000,000,000,000 in 2019 to 6,000,000,000,000 in 2029.”
“If we grew revenues at the same rate that we have for the last twenty years, right, starting next year, which is 4.9% per year CAGR for twenty years, we would end up with a $450,000,000,000 surplus in 2029.”
“So Tesla, of course, produces cars over in Fremont just across across the bay from here, employs 20,000 people, produced over 550,000 Teslas in the Fremont factory.”
“Tesla, of course, produces cars over in Fremont just across across the bay from here, employs 20,000 people, produced over 550,000 Teslas in the Fremont factory.”
“He's gonna raise these tariffs in order to achieve national objectives, and then he's gonna be willing to negotiate away from them, but only if he achieves the national objectives.”
“I've heard from several of these folks who have upwards of a $100,000,000,000 that they could take $10,000,000,000, put it in a drawdown trust in their state, for example, invest in the S and P 500, and match for all the kids of the families who earn, let's call it, under a $150,000.”
“Microsoft, which is on $66,000,000,000 run rate at Azure, has said they expect q one and q two Azure revenue to accelerate. Think about that, Bill. Azure is growing at 34% on a $66,000,000,000 base,”
“OpenAI could double triple the number of users of ChatGPT with frankly not making any improvements in the core model because consumers today barely scratch the surface on core model capabilities.”
“And at the current rate of improvement, right, in q one of next year, they could be at a 100,000 miles per critical disengagement. By the middle of next year, 500,000 miles per critical disengagement.”
“Right? That's self reported, right, with with with human drivers. So if 2024 was the chat GPT moment for full self driving, Bill, where we started seeing Waymo's on every street corner in San Francisco,”
“So all that does is get you back to trend line from 2019 As though we increased spending 3% a year from 2019, the budget balances. It's tiny. These are tiny changes in costs.”
“if you're on a run rate where you're raising $5,000,000,000 every two years. Okay? So give or take, that's, you know, $50,000,000,000 over a ten year period of time.”
“one of the key questions there was whether or not the AI enhanced search results were gonna monetize at the same level as non AI enhanced search results.”
“he thinks they can three X, you know, the top line of the business while only adding 25% more humans because they can have a 100,000 autonomous agents doing things like building the software, doing the security, and that he becomes really a prompt agent,”
“he talked about, you know, the the the CUDA library now has over 300 industry specific acceleration algorithms. Yep. Right? Where they deeply learn the industry.”
“I said, are we already at the phase of two and three hundred thousand cluster scale? And he said, yes. And then I said, and will we go to 500,000 a million?”
“What Sunny has told us and other people in the field have told us that inference is going to drop by another 90% over the cost of the next period of months.”
“The forecast for Nvidia at that dinner in January 2023 was that you would do 26,000,000,000 of revenue for the year 2023. You did 60,000,000,000, right?”
“Give or take you'll do a 125,000,000,000 in revenue this year. You know there was at one point somebody told you the company would never be worth more than a billion.”
“average users, which we estimate is twice the amount Google had at the time of its And if you look at the multiple of the business, if you believe 10,000,000,000 next year it's about 15 times the forward revenue, which is about the multiple of Google and Meta at the time of their IPO.”
“You know NVIDIA is in a league of its own really, know, at about 4,000,000 of revenue per employee, about 2,000,000 of profits or free cash flow per employee.”
“if you look at the 90s our productivity growth in The United States was about 2.5% to 3% a year, okay, and then in the 2000s it slowed down to about 1.8% and then the last ten years has been the slowest productivity growth”
“The today, the GDP per capita of The United States to Nicaragua is a 100 x. Why? Right? We're living at a time where I think there's a lot of controversy about capitalism.”
“last week we announced Michael Dell, Lisa Su from AMD, Mark Benioff, Dara Kausher Shahi at Uber, and incredible CEO accounts who all said, we will contribute to the accounts of the children born to our employees.”
“if you start with a thousand bucks and we get $750 added a year, birthday money, bar mitzvah money, your parents Venmoing in $20 a week, four zero one k matches from your folks' employers, philanthropic contributions to these accounts, You have $14,000 when you're in seventh grade.”
“At 30, you have $175,000. And at 50, you have a million dollars. But most importantly, your entire life, you have hope. Right? Your entire life, we tackle the problem of hopelessness in this country.”
“you cannot have a strategic AI policy at a national level without a strategic energy policy at a at a national level. They're really tight at the hip.”
“Amazon is buying this nuclear powered Talon data center facility, and now Microsoft this week announces with CEG that they're going to bring 3 Mile Island out of retirement.”
“In 2020, Morgan Stanley estimates that about $2,000,000,000 was spent on the carbon offset market, and by 2030 they expect that to be $100,000,000,000 by these large hyperscalers that have to buy these massive carbon offsets.”
“If that trajectory were to continue, right, that'd give you like roughly $10,000,000,000 next year. And the round's rumored to be at $150,000,000,000 so that's about 15 times forward revenue.”
“And our friend Sunny over the weekend when we were in our group chat, you know, said he expects it to come down by another 90% over the course of the next several years.”
“And so while we call all of this venture, Bill, one of the big differences I have here, and I've said many times, is that the venture market really hasn't grown that much.”
“We have average levels of exposure. I think, for example, we think the entire in NVIDIA and AI infrastructure supply chain is gonna continue to be undersupplied.”
“China who's adding six to eight new fission reactors per year, it's gonna add upwards of 25 or 30 over the course of the next, you know, five or six years, is expected to surpass The United States in nuclear power production by 2,030.”
“both the South Koreans and the Chinese, right, are building on technology that they procured from The United States, from Westinghouse, under tech transfer licenses over the course of the past, you know, twenty or thirty years.”
“if you look at these gen three and gen four reactors coming online, even in The United States, they always cost more in that first plant, but by plant five, it was cut in half, by plant 10 it was cut by 70%, right? So cost comes down as you ramp up scale production.”
“It seems to me the first two, right, we can tackle, right? You can consolidate the regulatory environment in The United States so that you reduce the time to bring one of these things online and I also think that if you clustered some of these, if we wanted to get back to building more of these reactors”
“Because if you are the low cost power provider in the world, right, then you're going to be able to build bigger data centers that power bigger AI clusters, etcetera.”
“I could imagine if you had four more reactors sitting here, right, if you could land them at the right price, you could have one reactor for Meta, one for Amazon, one for Microsoft, one for Nvidia, you could have the data center sitting right next to them.”
“So let's say that you're managing $5,000,000,000 of public equities. Nine units of risk would be that you have 4,500,000,000 of that risk directionally long the market.”
“the individual tax cuts, which included increasing the child tax credit, the standard deduction, it's it's worth about a $150,000,000,000 a year to put it in perspective.”
“there are estimates that up to $20,000,000,000,000 of yen was borrowed, and then you invest that in rate yielding assets around the world and you pocket the spread.”
“I don't think we're seeing the metrics, you know, from ChatGPT and even SearchGPT that are going to lead to the breakout needed to get to that billion users.”
“And then the third point, which you just mentioned, there would be numerous situations where you'd have people pay a tax and then the valuations would collapse.”
“Something happened over the past, I'd say fifteen years, where some of the smartest companies in Silicon Valley have developed a new strategic play, where they use open source as a defensive weapon rather than as an offensive weapon. That's my terminology. Of the first to do it was Google with Android”
“Google did it again with Kubernetes, which is a piece of technology that lets you move your workloads very easily between clouds. They were worried Amazon was running away with AWS.”
“And and I playing around with credit card data, I think OpenAI is about 2,000,000,000, Anthropix about a 100,000,000, and Perplexity is at like 25,000,000. Yeah. Just I'm guessing”
“And and I playing around with credit card data, I think OpenAI is about 2,000,000,000, Anthropix about a 100,000,000, and Perplexity is at like 25,000,000.”
“But at twelve months, the retention even in OpenAI is like 35%. So I doubt that anyone that is looking at that even at 2,000,000,000 feels great about that as a durable business model.”
“And some of this came out in the in the Twitter files where if you said anything that wasn't a 100% consistent with what Fauci and Collins were saying, it was labeled misinformation, conspiracy theory.”
“Semiconductors and semi stocks have driven most of the net selling during these months, and overall hedge funds are more underweight growth than at any point Morgan Stanley has seen in the last ten years.”
“Altimeter's peak exposure to these names was about 70% over the course of the last twelve months. So we had 70% of our dollars at one point in time in these names.”
“He implied that in the modern era, you need to be $10,000,000,000 to go public. Yeah. Market cap. Yes. Which if it's 10,000,000,000 or bust, that's a bitch, man.”
“the Elon package is the most shareholder aligned comp CEO compensation package I've ever seen. I would be thrilled if all of my hired CEOs had a very similar package. Right. I'd be thrilled.”
“We do lots of survey work on this, Scott. People are turning to chat GPT, they're turning to Claude, they're turning to, why are we so excited about Apple Intelligence?”
“I think there is a lot of worry about, you know, if Microsoft has access to OpenAI and Amazon doesn't, is that going to put them at a disadvantage if open AI is a runaway winner?”
“part of the reason, you know, that we like Apple is only 5% of Apple users today can access Apple intelligence. So they're going to have to upgrade these devices in order to play.”
“I suspect that the integration going on with OpenAI is deeper than what we heard about yesterday. Right? So I don't know that this is going to be everybody playing equal.”
“Our net exposures are 60%. What does that mean again? Reminder for folks at home. That means I have six out of ten dollars at risk long the market in our hedge fund.”
“There is absolutely no doubt in my mind that excess capital distorts company behavior. Okay? And in particularly these early phases, it's very difficult.”
“It's not impossible, but it's very difficult to stay fit and efficient when you have a buffet of all options sitting in front of you and you can fund all of them.”
“But what's interesting is about 65% of that, talking about power law, 65% of that, I think, went into five or six companies, you know, that you know of.”
“In fact, I think if people are gonna be critical of anything, a lot of people are looking at the total CapEx of the hyperscalers now at $200,000,000,000 and saying, when are you gonna get a return on the dollars that you're spending?”
“In fact, I think if people are gonna be critical of anything, a lot of people are looking at the total CapEx of the hyperscalers now at $200,000,000,000”
ai uncertaintyenterprise softwaresoftware spending
Transcript excerptBG2 Pod
“And when that happens, people will say, oh, no. Software's not dead. It in fact is an accelerant, but it's not gonna be equally good for all companies.”
“I found myself we never opened Google a single time, Bill. And it really unlocked a lot of learning and led to this forty five minute conversation back and forth that we had.”
“This is the first time that we really have a model that reasons across voice, text, and vision in a single model. You know, it's processing all three modalities in a single neural net.”
“I think the question that Apple's probably struggling with, Bill, is in order to do that, even a 7B model, you probably have to have, you know, 75 gigs of DRAM on your phone, right?”
“I was talking to a large data company this week who's in the business of serving models, they were lamenting the fact that the pricing umbrella was set by OpenAI and there is no price, right? So that it's a much lower margin business than the traditional software business.”
“BPO companies woke up yesterday and they're like oh my god, this is about voice, this is about call centers, this is about video in, this is about you know?”
“in the quarter, if you back out, you know, mag seven, we're coming in, below expectations. Right? You're actually seeing earnings shrink on a quarter over”
“54% of software companies disappointed in the quarter. And that's the worst quarter I think we've had since 2022 in terms of their view as to the future.”
“And the backdrop is that the economy is slowing, earnings are coming in lighter than people expected, and AI is creating more disruption, creating more uncertainty than we expected.”
“I think that if you're an investor, owning some of the companies that you think you're really confident are going to continue to compound and benefit from AI, the Microsofts of the world, the Nvidias of the world, seems to me like a relatively safe place.”
“I think there are four important ingredients to compete in this market. Number one, you have to have capital, and the leaders are spending $40,000,000,000 a year.”
“I think the latest discussions, whether it's Stargate out of Microsoft, a 100,000 GPU cluster, Elon's talking about a 100,000 GPU cluster, Mark is talking about that.”
“I can definitely confirm that the data clouds are paying a revenue share to the open models. I don't know what the revenue share is, but there will be some compensation.”
“In two years, that company has gone from $22,000,000,000 in net income to $55,000,000,000 in net income. They've reduced their headcount from 85,000 people to 69,000 people.”
“He said to me, the IPO market is slow in volume terms for lack of supply, not lack of demand. And I've been making this case that the IPO window is wide open.”
“I think one of the obstacles. Right? So it's performed incredibly well. Off of the bottom, it's performed really well since the IPO, but it took a board that had the courage to say, you know, we're going to ignore what the prior valuations were, and we're gonna focus on getting the the company public.”
“I think the biggest thing that has changed over the last twenty years, you know, back to you know, if we think about the companies that went public in in in those early vintages, the Microsofts, the Apples, the Googles, the Salesforce, etc. What was one commonality, Bill? They needed access to capital to grow.”
“And if you look at the private market alternatives for them for capital, we didn't have sovereign wealth funds that were writing multi billion dollar checks at that point in time.”
“Increasingly pension funds, right, which represent firefighters and teachers and police officers in the city of New York or the city of San Francisco or the state of Texas.”
“One thing that we have done and I've encouraged LPs like endowments to think about is we used to have these two buckets. Right? Venture and public when I talk to technology investors.”
“But what turned out to be true is that the miles that came off the road for some reason were safe miles, and the mile the accidents per mile driven actually spiked a lot.”
“a lot of the incremental work that's being done on AI projects are stitching together external databases with the LLM and the LLM gets relegated to being an interpreter of the human or to being the interpreter of the data back to the human, but is not involved necessarily in the data store”
“if World War II never happened, the atomic bomb never happened, and someone just showed up in 2024 and said, I figured out this thing, it's nuclear fission, people would be like, oh my god, like, probably be more excited than you are about AI.”
“And, once again, according to Phil, about 35%, 30% of the production in The US is from independent energy producers who who basically sell to whoever they decide they want to sell to.”
“if you start to see data centers pick off the independents, that could put pressure on the grid in a way that might bring the regulators in to voice their opinion.”
“Perplexity came out and said that they were, you know, considering advertising and they there were statements in their previous releases that were very negative on advertising.”
“the second thing people said was that the runtime models are just highly competitive and many people think that some of the models are already priced under cost, which goes back to the credit investment theme that you and I have talked about.”
“Take for example the recent competition for AI engineers in places like OpenAI and Google. Okay? Because venture backed private companies have to compete in an ecosystem against public companies.”
“Okay? But instead of cash, for example, Google's offering 500,000 in cash plus a million and $0.5 in RSUs vesting monthly, right, to these engineers.”
“Google's offering 500,000 in cash plus a million and $0.5 in RSUs vesting monthly, right, to these engineers. So every single month, those RSUs are immediately available for sale.”
“I think I've seen other numbers out there that they're doing somewhere between 8 and 10,000,000,000 in TikTok US revenue and that they're losing money on TikTok US.”
“AI, over the course of the last twelve months, has gone from an interesting technology to literally the leading edge of where we're battling with global sovereigns over trade, national security, national economic interest.”
“ARR stands for annual recurring revenue. And recurring revenue, like a monopoly cable subscription, gets a really high multiple. That's why softwares have gotten high multiples. They're very predictable.”
“one of the things we call them ERR, experimental run rate revenues, And so when I look at these, you know, one of the things that in inflection and these other models”
“I mean, Satya talks about all the vast value capture occurs in the two to three year period around phase shifts. But it's hard to forecast in this those moments.”
“at the start of last year, the consensus estimate of the smartest people covering NVIDIA day to day was that the data center revenue was going to be 22,000,000,000 for the year.”
“Now in this new model, it's pixels in. So the model itself has no code. It doesn't know this is a stoplight per se. In fact, they just watched the driver's behavior.”
“the driver's behavior is actually the label. It says when we see pixels like this on the screen, here's how the model should behave, which I thought is just an extraordinary break.”
“If you look at it today, they have about 7% penetration of s FSD. That was, let's call it, through FSD 11, and those people paid $12,000 incrementally for that FSD.”
“if you assume that you have, you know, penetration, you know, go from 7% to 20%, give it to everybody for free, they drive around for a month, they're like, wow, this really does feel like a human driver. I'm happy to pay $500 a month.”
“I'm happy to pay $500 a month. You know, if you get to, you know, 20% penetration, then your contribution margin at Tesla, right, is about the same, even though you're charging half as much.”
“if it gets if it if it gets upheld, I expect you're gonna see significant flight from the state of Delaware by peep people reincorporating these other states that, you know, frankly, are pretty friendly as well.”
“So, you know, a couple queries are more than a query for every human on the planet, and it has the most efficient system in the world for doing that.”
“And so the first thing that we just say is that the basing engagement, even before AI had slowed down a lot, because you're already at 10,000,000,000 queries a day.”
“Would you rather have an assistant with the intelligence of like Einstein, but they have no access to the Internet and they don't know anything about your history?”
“The U. Yeah. Interestingly enough, he ran a fab plant for Texas Instruments in Texas. And he explains why Taiwan, like why Texas could never possibly compete with a fat plant in Taiwan.”
“And over the course of the next four to five years, we'll have 2,000,000,000,000 of data centers powering software around the world and it will all be accelerated compute.”
“The line running through the center that starts at 55% and goes down to 26%. That is Nvidia's share of that global compute build out based on current consensus numbers for Nvidia.”
“Okay, so the consensus forecast that has the stock at $700 a share assumes, if you believe this TAM to be accurate, assumes that their share will go from 55% today to 26% in 2028.”
“Facebook is actually reduced headcount significantly and their earnings per employee has exploded and Google kind of, you know, they're fine, but they really just haven't made many changes.”
“Now mind you, these things are reaccelerating in the case of AWS from a $100,000,000,000 run rate, right? So like the, you know, you're reaccelerating.”
“When I think about what's going on here of course they show they went back and did some math against initial estimates and said, you know, super cycles are about 40% underestimated at the start.”
“A year ago, I was concerned and some others were whether or not Microsoft's early lead because of their partnership with OpenAI would cause a bunch of customers to leave Amazon and go to Azure in order to take advantage of the benefits of OpenAI. We didn't see that. We saw almost no customer churn.”
“A year ago, I was concerned and some others were whether or not Microsoft's early lead because of their partnership with OpenAI would cause a bunch of customers to leave Amazon and go to Azure in order to take advantage of the benefits of OpenAI.”
“It was overvalued despite the fact it was trading at 20 times earnings, its lowest multiple in history. Now it's up 25 or 30% after opening, the year down.”
“It's up because Amazon told us the same thing. It's up because Susan Lee from Meta just told us yesterday that they're going to make huge future investments in infrastructure, read NVIDIA,”
“It's up because Susan Lee from Meta just told us yesterday that they're going to make huge future investments in infrastructure, read NVIDIA, in order to support all of these initiatives.”
“As of this quarter, it was 67,000 people. They've nearly tripled their earnings per person working at the company in in over that fifteen month period of time.”
“They are the single largest beneficiary of AI from a profit perspective in the public markets today outside of NVIDIA. And so I really think it's about that.”
“In the quarter, if you aggregate the hyperscalers together, we added over $15,000,000,000 in ARR. That's annual recurring revenue, the single largest quarter in the history”
“In the quarter, if you aggregate the hyperscalers together, we added over $15,000,000,000 in ARR. That's annual recurring revenue, the single largest quarter in the history when you look at that aggregated number.”
“Up until the year 1800, the year '0 to 1800, there was almost zero increase, right, in human prosperity, almost zero GDP. Adam Smith, Wealth of Nations, 1780.”
“The period of time between 1800 and 1900, it was doubling every 100 years. Global GDP is now doubling every 20 years. But the prosperity is not distributed equally, right?”
“You know less, according to Pew and Gallup, less than half of people under the age of 40 believe in capitalism, Okay? That's the existential risk to this incredible experiment we're all on, right?”
“This legislation will cause the Treasury Department to set up 3,700,000 private accounts. Those private accounts will be seeded with $1,000 from the federal government.”
“So NVIDIA ended last year at 20 times earnings. Its lowest multiple of earnings it's ever traded at, despite the fact that it's the the the purest play AI name in in the space.”
“Our numbers are still well above the street for this year. I think there's a lot of doubt. You know, the the common, discussion at the end of last year”
“we have this explosion in venture capital investing coming out of four companies, right? He called them MANG. Microsoft, Amazon, know, Nvidia and Google.”
“He called them MANG. Microsoft, Amazon, know, Nvidia and Google. And so as you can see on this chart, we go from almost no venture capital investing, you know, out of these folks six or seven years ago to all of a sudden this $25,000,000,000, last year in VC investing.”
“I do think that it is a really important thing that you're pointing out, which is at a very minimum, I think we can say that the participation of MANG, Microsoft, Amazon, Nvidia, and Google, is distorting the price in the market in a way that wouldn't occur if it was all arm's length transaction with financial investors.”
“I think we can say that the participation of MANG, Microsoft, Amazon, Nvidia, and Google, is distorting the price in the market in a way that wouldn't occur if it was all arm's length transaction with financial investors.”
“You saw that, tweet or thread out of Zuckerberg this week, where he said by the end of the year, they're gonna have the equivalent or this year, 600,000 h 100 GPUs,”
“It turns out that even the SPY, which is the S and P five hundred index, is very quickly And becoming a tech so I think a big mistake here's an interesting one.”
“The company went from losing over 2,500,000,000 or around 2,500,000,000 when Dara took over to profiting over 3,500,000,000, and we're talking free cash flow.”
“if you look at the consensus forecast for the business, which is pretty mind boggling, it's estimated by the consensus that it'll reach almost 10,000,000,000 in free cash flow, just a few years from now.”
“it forces the business strategy to fit that outcome. And worse yet, Dara, not only do you have to get to that number, you have to double that number.”
“point in time, you're gonna be forced to do a 30 to 50% down round, and very few Silicon Valley companies, even the best ones survive the morale hit, and all of the challenges associated with the down round of that size.”
“We're gonna red team blue team AI. What is the impact that AI is gonna have on 10 blue links? What is the impact that AI is gonna have on vertical search?”
“every month that inflation goes down, the effective restrictiveness of the economy goes up, holding all else equal. So you gotta take rates down just to keep it at the same level of restrictiveness.”
“If you think about what AI is already doing for the enterprise, we're seeing 30 to 50% productivity improvements in engineers. There's never been a technology history of technology.”
“I said to Paul, you use Google and I'll use ChatGPT. I got the answer instantaneously. It took him three or four minutes of hunting and pecking around.”
“I think 80% of the benefits of AI over the course of the next three to four years are going to inure to the benefit of the incumbents, to the larger platforms that are already public today whose businesses will get better. Their bottom line margins will expand. Their top lines will reaccelerate.”
“This idea is a bipartisan piece of legislation where the federal government will seed a private investment account for every child born in America. So think about this. 3,700,000 children born a year.”
“You could have waited to invest in Google in 2004 and their IPO and you would have captured 90 plus percent of all the profits ever generated in internet search.”
“I had, you know, I had some endowments who had promised me some money at the end of two thousand and seven, but this is a good lesson, starting any business, right?”
“11/01/2008, yesterday was our fifteenth anniversary, okay? The first trade I ever placed, right, in my own fund. I bought, Priceline was the first stock we bought.”
“So those are, you know, in the case of Snowflake, that Series B was $170,000,000 The Series C was 500,000,000 The Series B, it was still pre revenue.”
“Yeah, that was total enterprise value of Snowflake when we got involved, and we're still one of their largest shareholders today, and it's over $50,000,000,000 in enterprise value,”
“reprice the business, get the price right, and if that is not satisfying to you, if you don't own enough of the business at that point in time or whatever, call it quits and restart, right? Because you've got to have the foundation right in these businesses.”
“if you just wanted a rule of thumb, again, not any specific company, but, you know, you take Instacart, an amazing business built by amazing friends and, you know, people who killed it, but their last round in the private markets was $39,000,000,000 Today, in the public markets, they're worth 6.5, okay?”
“I can then plot a distribution of likely outcomes. How many companies have ever in the history of Silicon Valley been worth durably more than $100,000,000,000”
“This is a bipartisan piece of legislation we hope to have introduced in the spring that would cause the treasury to create a $1,000 seed investment account for every child born in America.”
“There are 3,700,000 kids born every year in America. If we just put a thousand dollars in the S and P 500, it's only 3,700,000,000, less than one one hundredth of 1% of the national budget, less than the cost of a single weapon system.”
“But if you look at the Fed's own forecast for next year, one and a half percent GDP, two to three rate cuts, ending the year with a two two handle on inflation.”
“The re you know, and Dara told you yesterday, quarter over quarter we've actually reduced head count again. Right. We have this massive bottom line opportunity in all these businesses because of AI.”
“The consensus estimate for NVIDIA this year was that data center growth revenue growth was gonna be negative 6%. Right? That's the pros. They got it that wrong.”
“We're going to deploy more compute on a global basis next year than all the compute ever deployed by humanity combined. That's how much compute is going to drive these training models.”
“I think there's plenty of time. If this is going to be as big and as transformational as humanity as we all think it will be, remember, you didn't have to invest in search until Google's IPO in 2004 to capture 95% of all ever generated by Internet search.”
“Today to me, you know, we've passed on 75 AI businesses over the course of the last twelve months that we've looked at, not because we don't think those are good founders or maybe even good business models,”
“we've passed on 75 AI businesses over the course of the last twelve months that we've looked at, not because we don't think those are good founders or maybe even good business models,”
“It's legislation that would cause the treasury department to create 3,700,000 private investment accounts a year. So we have 3,700,000 children born a year.”
“They would seed it with a thousand dollars from the federal government, set up a four zero one k match. So companies or parents could match up to $2,000 tax free each year.”
“70% of families in America don't have and will not have an investment account. They will not have skin in the upside of America. That's bad for all of”
“compared to we've spent in Ukraine to date would pay for this program for twenty years and 75,000,000 children touching almost every American household.”
“The cost of a container from China to The US had gone up 20x. Okay. The idea that we didn't have an inflation problem in the summer of twenty twenty one”
“And to relinquish that spot by letting OpenAI go first, when you had the technology, you had the supercompute, you had the capabilities to release that product, I think was a mistake.”
“June 2021, when the world knew inflation was here. I mean, the cost of a cargo container had gone up by 10 x. Okay? He says we're not gonna have rate hikes until 2024.”
“He says we're not gonna have rate hikes until 2024. That's how wrong the Fed's forecast was in June 2021 because they were making the argument that inflation was transient.”
“We've gone from effectively a 0% interest rate environment in ZERP, where corporations borrowed for free and consumers borrowed for free, to now we have 8% mortgages.”
“We've gone from effectively a 0% interest rate environment in ZERP, where corporations borrowed for free and consumers borrowed for free, to now we have 8% mortgages. We have 10% car loans.”
“But much like the Internet in 9899, where there was overpricing in the short run, we dramatically underestimated the impact it was going to have over the preceding decade.”
“OpenAI at $90,000,000,000 may be ahead of itself just like we saw stocks get ahead of themselves in 2021, but it doesn't mean that AI itself is is not gonna be profound.”
“But the fact of the matter is on consensus forecast for next year, it's trading just over $20 or 20 times earnings. It's trading at a lower multiple than many cyclicals in the public market.”
“What I would tell you is under 500,000,000, maybe under 600,000,000. Right? Series b and c rounds are as hot as I've ever seen them in data infrastructure and AI and software, etcetera.”
“There was some you know, there's a report out this week that lots of people comment on Twitter where public markets were down 50% and private marks were down, I don't know, five to 10%.”
“We're seeing 4 or $5,600,000,000 deals get done on zero revenue, $23,000,000 in revenue. And so let me just throw out perhaps an alternative view as to why this might look a little different than the world of austerity that we saw in 2002, 2003, two thousand nine, ten, eleven.”
“Right? Super high quality company. I think its last private round was 50 or 60,000,000,000 in the bubble, and now it's rumored to be going public at somewhere around $10,000,000,000.”
“And this is remember, we're seeing inflation roll over huge, and we have a chips act and an infrastructure we have massive government spending going on, and we still see inflation rolling over.”
“anybody who does an IPO today, okay, is going to demand a, you know, a rate of return into that offering that is a significant margin of safety relative to all deals that were done in 2021.”
“take something like Nvidia, if I'm playing at home or I'm a, you know, a professional investor, I may say, oh, I'm gonna go sell some long dated calls to buy a little protection to the downside.”
“People thought data center revenues this year were gonna be negative, and they just revised their guide from 7,000,000,000 in q two to to 11,000,000,000 in q two.”
“And I will tell you that the conversation around that table, there's increasing confidence that whatever comes next, right, the top of the funnel is up for grabs,”
“when we say it's bigger than the Internet itself, what we mean by that is the Internet really allowed us to discover information, to retrieve information.”
“We hosted an investor day last year before chat GPT came out, and the the the thesis or the theme of the investor day was all the world's data moving to the cloud, augmented and intelligent applications being built on top of it.”
“You're not gonna have to search through 10 blue links. And so, yes, a lot of the companies that were beneficiaries of the Google ecosystem are now suspect.”
“I have to agree with Doug that this is a platform shift on the same magnitude as the internet or mobile itself. In fact, it may be bigger than both of those.”
“It is almost impossible to know with any certainty, much like it was with the search engines in ninety nine, two thousand, who's going to emerge, where the value capture is going to be.”
“Less the picks and shovels play in a way to create the developer ecosystem for AI and Tramato to your point, I mean, I think you raise a good point that,”
“if you look at the employee count at Salesforce, in 2015 they had 19,000 employees. As of last year they had 80,000. In seven years they four x the number of employees.”
“It's also been leaked that in that TikTok is about 14,000,000,000 of that and that US TikTok is 3 to 4,000,000,000. US TikTok, 3 to 4,000,000,000 of 120, and it loses money.”
“The price for a used car was $20,000 for ten years. And then just coincidentally, alright, they give us a bunch of Red Bull and the price goes to $29,000.”
“There are only 21 that are worth more than $25,000,000,000 in all the public markets of all the millions of software companies that have been started.”
“You're you have an obligation to play a differentiated game. And what I would say today is if somebody calls me up tomorrow and says, hey, Tiger's doing this deal at seventy five times ARR.”
“Snowflake this year will grow its free cash flow at over a 100% a year, next year probably, you know, 80 or 90%. Free cash flow, not just revenue, free cash flow.”
“This fall is when we'll start to see real price discovery. You couldn't pry a late stage dollar out of my hand right now because I don't think we have real price discovery going on.”
“He said our objective is we have the power to impose overwhelming costs on our target. Okay, economic costs. And he said our cause Putin's actions are remembered as a strategic failure, not regime change.”
“I tweeted a few weeks ago, the Fed's probably behind the curve on recession, not inflation. Right? We have massive demand destruction going on right now in The US economy.”
“Just the increase in the thirty year mortgage means you're buying power in December, four months ago, to buy a house and you if you could afford $1,200 a month, that buying power bought you a $350,000 house. Today, it buys you a $295,000 house.”
“There's the upfront fee, five and a half, 6%, whatever they're paying on the amount of capital raised. But he would argue the much bigger expense, right, is the indirect cost of the structural underpricing.”
“So in a traditional IPO, let's say you have a $10,000,000,000 enterprise value raising a billion dollars. If it's being underpriced, he would argue structurally by 40%.”
“And so if you say it's 30 percent on a $4,000,000,000 raise, that's over a billion dollars of savings. Right? Over $1,000,000,000 of indirect cost savings to the employees and the shareholders.”
“The the the most asymmetric bet maybe in the history of all of investing is having a golden ticket to have access to the best technology companies in the world today.”
“So we're looking at a deal with, Andreessen, because I thought Balaji was one of the smartest people in the space. The company was called twenty one dot co.”
“I don't wanna go spend 10,000,000 in Washington to lobby them to create the Invest America account. Let's you and I put up the money. Let's incubate this.”
“Let's, you know, let's let's put up $10.10, $15,000,000. Let's distribute it to families, $2,000 at a pop. Let's build a proof of concept, hire a great CEO.”
“And on top of that, of course, you can only give historical financials, which leaves most investors in the dark about a high growth company's future prospects.”
“You set the price, you tell the story with forward looking forecasts. We serve up a world class group of mutual funds and hedge funds as your shareholders. You ring the bell, it's your IPO.”
“You set the price, you tell the story with forward looking forecasts. We serve up a world class group of mutual funds and hedge funds as your shareholders.”
“And while the day of the IPO and the day after the IPO are nearly identical as if a bank took you public, we don't charge your company a fee. None. Zero.”
“while the day of the IPO and the day after the IPO are nearly identical as if a bank took you public, we don't charge your company a fee. None. Zero.”
“All the costs are borne by the shareholders of the SPAC who gave us part of their shares when we set up the SPAC as a finder's fee for helping them invest in a world class company.”
“when we started thinking about the biggest trends, this was almost a decade ago, the post internet trends, the explosion of data, and how we make sense out of data to yield useful insights.”
“I remember when I was CEO of NLG, just having a system like Cognos that could give me a report the next day of what we actually sold the day before felt like magic.”
“No growth investor would listen to that and think that there's anything unusual about a company growing well over a 100% in the most strategic location of all of software.”
“If you look at the multiple expansion that's occurred, it's almost the identical mirror image of the multiple contraction that occurred in the fall of twenty eighteen.”
“If you look at the multiple expansion that's occurred, it's almost the identical mirror image of the multiple contraction that occurred in the fall of twenty eighteen. In Q4 twenty eighteen, we didn't have COVID.”
“What it has been slow in pricing in is how dramatically different the arc will be for many of these digital businesses. I remember having conversations with Rich and many others in May.”
“Global wealth, as measured by the mountain of labor and capital that exists in the world, the conveniences that will be available to people will be better than they've ever been before, but the distribution of those will be way more concentrated as we've already seen.”
“Global wealth, as measured by the mountain of labor and capital that exists in the world, the conveniences that will be available to people will be better than they've ever been before, but the distribution of those will be way more concentrated”
“We started investing in it when it was a billion dollar business and Priceline became the single largest global advertiser on Google and build a $100,000,000,000 vertical search business by providing better access to hotels and hotel inventory but that business would not have existed without Google.”
“We started investing in it when it was a billion dollar business and Priceline became the single largest global advertiser on Google and build a $100,000,000,000 vertical search business”
“We started investing in it when it was a billion dollar business and Priceline became the single largest global advertiser on Google and build a $100,000,000,000 vertical search business by providing better access to hotels”
“We started investing in it when it was a billion dollar business and Priceline became the single largest global advertiser on Google and build a $100,000,000,000 vertical search business by providing better access to hotels and hotel inventory”
“The high quality insight was simply that Google was going to do more searches in the future than they did in the past and that the revenue per search was going to go up over time.”
“I mean, Baidu's worth 50% less today than it was six years ago. Notwithstanding the fact that all of the big internet platforms in China are worth multiples today of what they were five years ago because you had the rise of WeChat, you had the rise of ByteDance,”
“In 2006, the top six or seven global Internet companies represented about 5% of the Nasdaq. Today, they represent about 35% of the Nasdaq. So the big have gotten bigger at an accelerating rate,”
“When we think about the future we're always paying attention you know one thing that I would say is I remind my team it's just as dangerous to be too early as it is to be too late.”
“And I was talking of I was worried about the future of search and the future of vertical search starting in 2010, But look at Google's compounded at about the rate the other big platforms have in The US.”
“During periods of crisis like we've experienced over the last ninety days, I mean we put hundreds of millions of dollars to work in the private software market at the end of March and early April, because we weren't thinking about the next six minutes or the next six weeks”
“Uber just reported their quarterly reports and I think their segment EBITDA margins in January and February for rideshare were over 30%. I believe six quarters earlier, they were negative 20%.”
“Compare where the software companies that are in the pipeline or that have recently gone public, compare those valuations to where Salesforce went public.”
“If you want if you're Fidelity, if you're TRO, if you're one of these companies that wants to participate in all of that value creation, you can't not be in the private markets.”
“We were within probably a 100 or $200,000,000 of doing a meaningful pre IPO round in Zoom. The company was valued at around $5,000,000,000 compared to where it is two years later.”
“If I reduce my discount rate on any growth software company by 150 bps over the next ten years, the multiple will go up by two to three turns, right?”
invest america accountsinvest america accounts·posts only·
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“@RexMacMillan @TrumpAccounts I just bumped this up. Hopefully, will get resolved soon. Once you get the account open and hit me up and I’ll put in an extra $50 for the hassle. 🙏🇺🇸”
“@k5sbnzxgbg @TrumpAccounts How many kids? In a school of say 500 students, you would donate to school foundation & head of school or foundation would get links to each account & distribute accordingly. https://t.co/j84Xtf5BvE Investment Accounts for Children | Invest America | Trump Accounts”
“Giving Pledge 2.0. Direct giving. At scale. No middle man. 100% of $$ directly to kids. Sponsor any zip code. Sponsor a school or boys & girls club. Compounds for life. More likely to graduate, buy a home, start a business. Strengthens capitalism. 🇺🇸 🚀@TrumpAccounts https://t.co/rD9TfhBMhM”
“@Raj_Menon @LincGerstner @InvestAmerica24 @TrumpAccounts We will soon automatically open accounts for every child in America under 18 & make logging into the acct even easier. This will be the best app in the history of gov’t - & at 4.8 app store - we want to blow minds & change lives!”
“Housekeeper one click shares young kid’s accounts. I one click apple pay from debit card into her accounts. Next day money swept into fee free S&P 500 index - compounding for life. Reduce friction - unlock magic. Every child a shareholder! 🇺🇸🚀 https://t.co/2s65zxERth”
“Too aggressive re Anthropic. Base case of $250 B ‘27 exit run rate (same size as MSFT & Meta) seems wild but achievable. $450 B (size of Apple & Google) seems too aggressive given compute & regulatory constraints. Margins also likely lumpy as big compute comes online. 🧐📈 https://t.co/UVbtDz2CSl”
“People are worried about their bills & their futures. We have been here before. The answer is to double down on capitalism & make it work for everybody! By the end of October we will create 73 MILLION privately owned investment accounts for every person under 18 in America. 🇺🇸🚀 https://t.co/dJMLxXMD1f”
“7 M @TrumpAccounts in less than 30 days after launch & 86% going to families in the bottom 75% of household income! But we won’t stop there. The President has directed that every eligible child under 18 should automatically get an acct- a direct stake in the American Dream! 🇺🇸🚀 https://t.co/hRZiALkRtS”
“@strickland @LincGerstner @InvestAmerica24 @TrumpAccounts Try starting again from scratch in the app - we have seen this bug. Should go fast - If still a problem report back.”
“The feeling you get as a founder when you see & experience the thing in the wild that you dreamed about & toiled for - and it actually works even better than you dreamed! 🇺🇸🙏🇺🇸 @jgebbia @vladtenev”
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“Too aggressive re Anthropic. Base case of $250 B ‘27 exit run rate (same size as MSFT & Meta) seems wild but achievable. $450 B (size of Apple & Google) seems too aggressive given compute & regulatory constraints. Margins also likely lumpy as big compute comes online. 🧐📈 https://t.co/UVbtDz2CSl”
“@patrick_oshag Yes! Size of TAM only explanation for Anthropic & OAI revenue scaling - we have never seen anything like it. 10x faster than Google & Meta at comparable scale. 🎯”
“@IbrahimAjami Really? OpenAI & Anthropic are the fastest growing companies at scale in history. And cooking - arguably extending their research leads & gaining share of wallet / economics. Open source is also thriving which is grt - but not zero sum. 🧐”
“@Jason Agree. Grt competition! Share of tokens increasing at open source models (tho both still early in growth curve & growing rapidly). But share of wallet / AI economics continues to be ~ 90% to closed / frontier labs despite dire forecasts. The question is if / when changes. 🧐💰”
“Narrative violation. Have been hearing for 18 months frontier models dead. Competition w open source is not zero sum. If you want American AI to win u should cheer for open & closed - we need these revenues to pay for the $1-2 T annual capex build out of American AI. 🇺🇸🚀💰 https://t.co/5swFA78sel”
“@k5sbnzxgbg @TrumpAccounts How many kids? In a school of say 500 students, you would donate to school foundation & head of school or foundation would get links to each account & distribute accordingly. https://t.co/j84Xtf5BvE Investment Accounts for Children | Invest America | Trump Accounts”
“7 M @TrumpAccounts in less than 30 days after launch & 86% going to families in the bottom 75% of household income! But we won’t stop there. The President has directed that every eligible child under 18 should automatically get an acct- a direct stake in the American Dream! 🇺🇸🚀 https://t.co/hRZiALkRtS”
compoundingcompounding·posts only·
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“The feeling you get as a founder when you see & experience the thing in the wild that you dreamed about & toiled for - and it actually works even better than you dreamed! 🇺🇸🙏🇺🇸 @jgebbia @vladtenev”
“Housekeeper one click shares young kid’s accounts. I one click apple pay from debit card into her accounts. Next day money swept into fee free S&P 500 index - compounding for life. Reduce friction - unlock magic. Every child a shareholder! 🇺🇸🚀 https://t.co/2s65zxERth”
growthgrowth·posts only·
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“@alighodsi Truly legendary. I have watched Ali & team brilliantly stack S curves for a decade. Nobody could touch their execution. Their growth & success was not a single product. They didn’t wait for markets - they took risks & defined markets. We are grateful shareholders. 📈🫡”
“@IbrahimAjami Really? OpenAI & Anthropic are the fastest growing companies at scale in history. And cooking - arguably extending their research leads & gaining share of wallet / economics. Open source is also thriving which is grt - but not zero sum. 🧐”
“@Jason Agree. Grt competition! Share of tokens increasing at open source models (tho both still early in growth curve & growing rapidly). But share of wallet / AI economics continues to be ~ 90% to closed / frontier labs despite dire forecasts. The question is if / when changes. 🧐💰”
revenuerevenue·posts only·
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“@alighodsi Truly legendary. I have watched Ali & team brilliantly stack S curves for a decade. Nobody could touch their execution. Their growth & success was not a single product. They didn’t wait for markets - they took risks & defined markets. We are grateful shareholders. 📈🫡”
“@patrick_oshag Yes! Size of TAM only explanation for Anthropic & OAI revenue scaling - we have never seen anything like it. 10x faster than Google & Meta at comparable scale. 🎯”
“@Jason Agree. Grt competition! Share of tokens increasing at open source models (tho both still early in growth curve & growing rapidly). But share of wallet / AI economics continues to be ~ 90% to closed / frontier labs despite dire forecasts. The question is if / when changes. 🧐💰”
“Killer mission for America. Relentless founders & team. Stoked to add Kleiner, Iconiq ARK & Trowe to the K2 spaceship! Go big & deep in space to keep America safe & win the race. LFG! 🇺🇸🚀🇺🇸 https://t.co/Q5xoyufyhW”
ai infrastructureai infrastructure·posts only·
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“@alighodsi Truly legendary. I have watched Ali & team brilliantly stack S curves for a decade. Nobody could touch their execution. Their growth & success was not a single product. They didn’t wait for markets - they took risks & defined markets. We are grateful shareholders. 📈🫡”
“Zach, Justin & team are what I love best about the American innovation machine - solving massive problems at scale in record time. Grt product for homeowners & distributed energy storage will be key to winning the AI race. 🇺🇸🚀 https://t.co/CoDXsm7GM0”
