BG2Pod with Brad Gerstner and Bill Gurley Liberation Day, Tariffs, US v China Open Source, OpenAI Fundraise, $CRWV, TikTok | BG2 w/ Bill Gurley & Brad Gerstner
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Apr 4, 2025 Delve into the complexities of market reactions following 'Liberation Day' and the impact of tariffs on the economy. Explore the intersection of open source technology and China’s approach to intellectual property. Discover the dynamic landscape of AI funding with OpenAI and how startups like CoreWeave are navigating IPOs amidst volatility. Also, uncover the competitive pressures faced by tech giants, and the intriguing negotiations surrounding TikTok’s potential restructuring in the U.S. as global tensions rise.
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Florida's Comeback Win
- Bill Gurley attended the NCAA March Madness tournament in San Francisco.
- He witnessed Florida's comeback win against Texas Tech, despite initially thinking they had no chance.
Market Reaction to Tariffs
- Trump's tariff announcement, dubbed "Liberation Day," caused market uncertainty.
- Initial market reactions were positive, but quickly turned negative as details emerged.
The Importance of Free Trade
- Bill Gurley supports open markets, free trade, and comparative advantage.
- He expresses concern about the ambiguity and slow pace of responding to tariffs, making CapEx allocation difficult.