Managing Wealth for Stability

This week, Byrne Hobart and Erik Torenberg discuss the transformative impact of technological advancements, particularly OpenAI's research, Elon Musk’s $97 billion offer to acquire its controlling nonprofit, and the implications for business, jobs, regulation, and Musk's strategies with X and Doja.

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Highlights from the Episode:

• Musk made a $97.4 billion offer to buy the nonprofit that controls OpenAI.
• Byrne highlighted that while AI research may be slightly lower quality, it's much faster and valuable for quick, preliminary research.
• Companies like Apple, Google, and Microsoft have significant advantages in developing AI agents due to their access to user data.
• Byrne argues that traditional justifications for sovereign wealth funds (currency management, resource wealth management) don't apply to the US.
• Discussion of how X/Twitter has changed under Musk's leadership.

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LINKS:

Byrne’s writing: https://thediff.co

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X / TWITTER:

https://twitter.com/ByrneHobart (Byrne)

https://twitter.com/TurpentineMedia (Turpentine)