More or Less #83: Trump Inauguration, Stargate, and the Meme Economy
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Jan 24, 2025 Discover the tantalizing world of the $500 billion Stargate project and its connections to tech giants like Elon Musk and Satya Nadella. Dive into the intriguing role of Silicon Valley during the tumultuous Trump era, exploring public image and wardrobe choices. Uncover the dynamics of the meme economy and its redefined value landscape, in contrast to traditional metrics. Plus, get a glimpse into the psychological effects of cryptocurrency investing, highlighting the emotional rollercoaster of retail investors. It's a wild ride through tech and finance!
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Stargate's Ironic Name
- Sam Lessin highlights the irony of naming the project Stargate, referencing the film's plot.
- In the movie, the Stargate brought dangerous aliens who tried to kill everyone.
Investment Advice
- Spending-focused ventures often fail, while profit-making is crucial.
- Sell your seed investments once SoftBank buys in, as their investments often lead to losses.
OpenAI's Strategic Pivot
- OpenAI's Stargate project, a $500 billion venture, is a pivot from international to domestic focus.
- OpenAI needs government support, demonstrated by their policy paper on regulation and the Trump moment.