Odd Lots

Jasmine Sun, an independent writer focusing on San Francisco culture and AI, alongside Zak David, managing partner at Pirsek Technologies, dive into the intriguing world of peptides. They explore how peptides, linked to weight loss and social dynamics, have become a cultural trend in tech communities. Jasmine discusses the underground peptide subculture and its implications, while Zak sheds light on the sourcing and quality control of Chinese-manufactured peptides, revealing the complexities of a burgeoning market amidst regulatory uncertainties.

Alex Bores, a New York assembly member and tech-savvy congressional candidate, discusses the explosive political landscape of AI regulation. He reveals how a $100 million super PAC is targeting him for advocating state-level regulations like the RAISE Act, aimed at ensuring safety in frontier AI. Bores also addresses the risks of AI, such as its impact on children and education, and compares its potential to dual-use technologies. His experience at Palantir adds depth to the conversation on implementing effective tech regulations in government.

Join Steven Rinella, author and founder of MeatEater, as he delves into the economic history of hunting in America. He reveals how deerskins and beaver pelts drove early trade and shaped the colonial economy. Rinella also uncovers myths around figures like Daniel Boone and discusses the devastating impact of overhunting on species like the buffalo. Today, he highlights the modern hunting economy and how excise taxes on gear contribute to wildlife conservation, while sharing culinary tips for wild game.

D.A. Wallach, co-founder of Time BioVentures and former lead singer of Chester French, shares his unique journey from music to biotech investing. He discusses the complexities of biotech, comparing it to a 'bag of options' with long timelines. Wallach emphasizes the importance of experienced founders and the challenges of clinical trials as major bottlenecks. He also tackles the impact of AI on drug discovery, the rise of China's biotech sector, and the nuances of patient autonomy, all while hinting at how music and biotech intersect.

Travis Wofford, a partner at Baker Botts and an expert in data centers, walks listeners through the complex world of financing these hybrid assets. He reveals the challenges of securing funding amid rising political sensitivity and community concerns. Wofford explores how tech firms prefer third-party financing to maximize capital for higher-return projects and discusses the evolving importance of location and power interconnection. He also highlights the risks lenders face and the innovations, like GPU futures, that are reshaping the financing landscape.

Dan Ivascyn, Chief Investment Officer at PIMCO, dives into the evolving landscape of fixed income. He highlights why bond valuations may outperform equities in the next 5-10 years despite past struggles. With Federal Reserve independence at risk, he discusses how AI-driven investments could reaccelerate growth. Dan also shares insights on private credit's evolution and warns about the pitfalls of relying solely on credit ratings. Plus, he views mortgages as attractive investments while noting ongoing housing challenges.

Max Chafkin, a Businessweek writer with a knack for corporate tech culture, and Dina Bass, a Bloomberg reporter specializing in Microsoft and AI, dive into the fascinating world of Excel. They discuss its rise from VisiCalc to a corporate staple and its role in everyday office life. The duo explores Excel's competitive edge against rivals like Google Sheets and the promise of AI tools, highlighting its unique ability to fulfill essential human needs in business. Excel’s reign may face challenges, but its legacy is firmly entrenched in corporate America.

Max Levchin, co-founder and CEO of Affirm, dives into the world of Buy Now, Pay Later (BNPL) solutions. He shares the motivation behind starting Affirm, focusing on transparency and zero fees. Levchin explains how Affirm uses innovative underwriting techniques that go beyond traditional credit scores. He also discusses how Affirm differentiates itself with higher approval rates and loyalty. With insights on AI and the future of payments, he offers a clear vision of an ideal financial system that's more aligned with consumer needs.

Dan Wertman, co-founder and CEO of Noetica, shares insights on current credit market weaknesses using AI to analyze deal documents. He discusses emerging trends in credit agreements, warning of potential blowups amid tightening lender protections. Wertman explains the importance of EBITDA addbacks and how creditors are preparing for distress, revealing the complexities of recent high-leverage financing deals. The conversation also highlights risks associated with rapid dealmaking versus due diligence, particularly in the evolving AI landscape.

Travis Kavulla, vice president of regulatory affairs at NRG and a former commissioner in Montana, dives into the complexities of the rising electricity costs. He explains how the pandemic has reshaped demand, particularly from data centers, and discusses the challenges the grid faces with increased loads. Travis also distinguishes between commodity and grid charges, shares insights on the patchwork of U.S. regulations, and highlights potential solutions like demand-side flexibility. He emphasizes the necessity for innovative regulatory approaches to prepare for future demands.