Episoder
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Open Source bi-weekly convo w/ Bill Gurley and Brad Gerstner on all things tech, markets, investing & capitalism. This week, they discuss Pre-IPO market Changes, the reality versus perception of AI's future potential, the state of software, the impact of excess capital in the late-stage market, the importance of capitalism and immigration for the future of the United States, and more. Enjoy another episode of Bg2.
Timestamps:
(00:00) Intro
(02:16) Letter from Brad’s Mom
(07:28) The Changing Landscape of the Pre-IPO Market
(24:50) AI Hype Cycle
(33:19) Is Software Dead?
(37:03) The Impact of Excess Capital in the Late-Stage Market
(42:18) How AI Spending Affects Investments
(54:52) Opportunities for Investments in the Public Markets
Available on Apple, Spotify, www.bg2pod.com
Follow:
Brad Gerstner @altcap
Bill Gurley @bgurley
BG2 Pod @bg2pod
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Open Source bi-weekly convo w/ Bill Gurley and Brad Gerstner on all things tech, markets, investing & capitalism. This week, they discuss OpenAI ChatGPT-4o, Astra, Consumer AI, Enterprise AI, China Tariffs, Trade Regulation, the tech markets, and more. Enjoy another episode of Bg2.
Timestamps:
(00:00) Intro
(00:40) Open AI Launches GPT-4 Omni
(10:29) Chat GPT-4o Benchmarks
(14:11) Voice as the New GUI
(20:01) Breakout Power of ChatGPT
(22:09) Consumer AI vs Enterprise AI Landscape
(27:51) AI Disruption
(35:45) Regulation & Industrial Policy
(43:47) China Tariffs
(53:15) Tech Market Check
Available on Apple, Spotify, www.bg2pod.com
Follow:
Brad Gerstner @altcap https://x.com/altcap
Bill Gurley @bgurley https://x.com/bgurley
BG2 Pod @bg2pod https://x.com/BG2Pod
#BillGurley #BradGerstner #Bg2Pod
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Mangler du episoder?
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Open Source bi-weekly convo w/ Bill Gurley and Brad Gerstner on all things tech, markets, investing & capitalism. This week, joined by Sunny Madra (Head of Groq Cloud) they discuss AI Models, Data Scaling, Enterpise AI, Personal AI, the tech markets, and more. Enjoy another episode of Bg2.
Timestamps:
(00:00) Intro
(01:10) $META Llama 3
(20:40) Enterprise AI
(36:50) Personal AI
(50:07) $TSLA Earnings Call & Rideshare
(52:10) Tech Check
Available on Apple, Spotify, www.bg2pod.com
Follow:
Brad Gerstner @altcap https://x.com/altcap
Bill Gurley @bgurley https://x.com/bgurley
Sunny Madra @sundeep https://x.com/sundeep
BG2 Pod @bg2pod https://x.com/BG2Pod
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Open Source bi-weekly convo w/ Bill Gurley and Brad Gerstner on all things tech, markets, investing & capitalism. This week, they discuss The Great IPO Debate, Tesla Robotaxi vs. Uber, and a Tech Check. Enjoy another episode of Bg2.
Timestamps:
(00:00) Introduction + Eclipse
(01:56) The Great IPO Debate
(41:33) Tesla Robotaxi vs. Uber
(01:10:27) Market Check
Available on Apple, Spotify, www.bg2pod.com
Follow:
Brad Gerstner @altcap https://twitter.com/altcap
Bill Gurley @bgurley https://twitter.com/bgurley
BG2 Pod @bg2pod https://twitter.com/BG2Pod
#BillGurley #BradGerstner #Bg2Pod
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Open Source bi-weekly convo w/ Bill Gurley and Brad Gerstner on all things tech, markets, investing & capitalism. This week, they discuss the challenge of forecasting the AI Supercycle, Stargate and the massive AI supercomputer build out, AI demand overhyped or underhyped, and current market valuations. Enjoy another episode of Bg2.
Timestamps:
(0:00) Intro
(2:49) Demand for Compute Is Virtually Unlimited
(27:53) Everywhere we Look we are building more and bigger Supercomputers
(35:49) The AI Induced Power Gap & The Need for Nuclear
(50:21) Valuations / Market Check
Available on Apple, Spotify, www.bg2pod.com
Follow:
Brad Gerstner @altcap https://twitter.com/altcap
Bill Gurley @bgurley https://twitter.com/bgurley
BG2 Pod @bg2pod https://twitter.com/BG2Pod
Shownotes:
What's next for AI agents ft. LangChain's Harrison Chase: https://www.youtube.com/watch?v=pBBe1pk8hf4
Tesla FSD Model 12: https://twitter.com/bg2pod/status/1769378291658666226?s=46&t=tiuRwY6s_lj81akJSCmJkwSam Altman: OpenAI, GPT-5, Sora, Board Saga, Elon Musk, Ilya, Power & AGI | Lex Fridman Podcast #419: Sam Altman: OpenAI, GPT-5, Sora, Board Saga, Elon Musk, Ilya, Power & AGI | Lex Fridman Podcast #419
OpenAI CEO on GPT-4 vs GPT-5 | Sam Altman and Lex Fridman: https://www.youtube.com/watch?v=CJEC0aAjRJE
Jevons Paradox: https://en.wikipedia.org/wiki/Jevons_paradox
MSFT and OpenAI $100bn supercomputer project: https://twitter.com/theinformation/status/1773798028907811059?s=20
Biden administration on how to generate more electricity to meet massive demand for AI computing: https://twitter.com/axios/status/1774758834952659223?s=20
Nuclear reactors planned and proposed: https://world-nuclear.org/information-library/current-and-future-generation/plans-for-new-reactors-worldwide.aspx
U.S. approves $1.5bn loan to restart Michigan nuclear plant: https://www.nytimes.com/2024/03/27/business/energy-environment/holtec-palisades-nuclear-plant-loan.html
Josh Wolfe’s talk to Congress: https://twitter.com/wolfejosh/status/1685323817521139712
Our World in Data - cleanest and safest sources of energy: https://ourworldindata.org/safest-sources-of-energy
How Regulation killed Supersonic: https://www.heritage.org/transportation/commentary/its-time-let-supersonic-flight-soar-again
Natural gas is stronger in the U.S.: https://www.iea.org/commentaries/natural-gas-is-now-stronger-than-ever-in-the-united-states-power-sector
Baseload in the U.S. has been flat for many years: https://energytransition.nema.org/baseload-generation/
Amazon goes nuclear: https://www.theregister.com/2024/03/04/amazon_acquires_cumulus_nuclear_datacenter/
I-95 Bridge reopened in 12 days: https://www.bloomberg.com/news/articles/2023-06-28/resurrection-of-i-95-in-just-two-weeks-is-dubbed-small-miracle?embedded-checkout=true
SF cleaned up in a week: https://www.smh.com.au/world/north-america/sanfran-s-mean-streets-become-clean-streets-for-biden-xi-and-co-20231116-p5ekd0.html
Texas trumps California as key US energy transition driver:https://www.reuters.com/markets/commodities/texas-trumps-california-key-us-energy-transition-driver-2023-05-04/
Brad’s tweet on CT scan: https://twitter.com/altcap/status/1774919531414368402?s=20
Americans favor more nuclear energy: https://www.pewresearch.org/short-reads/2023/08/18/growing-share-of-americans-favor-more-nuclear-power/
Producing new nuclear plants have gone down in France and up in the U.S. tweet: https://twitter.com/cremieuxrecueil/status/1773221106591166946?s=46&t=832RL3Gm0XtyDEuhy-Gkzg
GenAI company revenue multiples tweet: https://twitter.com/asanwal/status/1772821841578754492?s=46&t=832RL3Gm0XtyDEuhy-Gkzg
Gurley’s tweet on 60x reduction from top model: https://twitter.com/bgurley/status/1774896120310686003?s=20
Congress provides record funding for fusion energy:https://www.fusionindustryassociation.org/congress-provides-record-funding-for-fusion-energy/
#BillGurley #BradGerstner #Bg2Pod -
Open Source bi-weekly convo w/ Bill Gurley and Brad Gerstner on all things tech, markets, investing & capitalism. This week, joined by Bob Mylod, (Chair of Board, Bookings.com & Managing Partner of Annox Capital) they discuss stock compensation, Google Gemini / Apple, TikTok US & the New AI Cold War, MSFT / Inflection & VC Valuations for LLM’s. Enjoy another episode of Bg2.
Timestamps:
(0:00) Intro
(2:07) Bob Mylod | Stock-Based Compensation
(58:03) Apple's Potential Partnership with Google on AI
(1:04:00) Tiktok The Future of TikTok in the US
(01:12:34) Microsoft's Acquisition of Inflection
(01:18:06) The Durability of LLM Business Models
Available on Apple, Spotify, www.bg2pod.com
Follow:
Brad Gerstner @altcap https://twitter.com/altcap
Bill Gurley @bgurley https://twitter.com/bgurley
BG2 Pod @bg2pod https://twitter.com/BG2PodShownotes:
Bookings 2023 Notice of Annual Stockholders’ Meeting and Proxy Statement June 2023 (page 63 for Stock-Based Compensation Expense as a % of net cash provided by operating activities) https://bit.ly/3ISIauw
Michael Mauboussin - Stock-Based Compensation Paper: https://mgstn.ly/4cshBKn
Tom Hearden Tweet: https://bit.ly/4cqCoxQApoorv
Agarwal Tweet: https://bit.ly/3VumL2G
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Open Source bi-weekly convo w/ Bill Gurley and Brad Gerstner on all things tech, markets, investing & capitalism. This week, they discuss Tesla’s Full Self-Driving V12 and imitation learning, AI model improvements: open vs. closed, & more. Enjoy another episode of Bg2.
Timestamps:
(0:00) Intro + Phase Shifts
(3:42)Tesla FSD 12 & Imitation Learning
(28:32) AI Model Improvements | Open vs Closed Models
(49:10) Elon Musk Delaware Court Case
(58:30) Macro Market Outlook
Available on Apple, Spotify, www.bg2pod.com
Follow:
Brad Gerstner @altcap https://twitter.com/altcap
Bill Gurley @bgurley https://twitter.com/bgurley
BG2 Pod @bg2pod https://twitter.com/BG2PodShownotes:
#BillGurley #BradGerstner #Bg2Pod
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Open Source bi-weekly convo w/ Bill Gurley and Brad Gerstner on all things tech, markets, investing & capitalism. This week, they discuss earnings, inflation, interest rates, the impact of AI on Big Tech, NVDA, chips, fabs, Altman’s $7T to meet AI Compute needs, & more. Enjoy another episode of Bg2.
Timestamps:
(0:00) Introduction
(3:14) Earnings / Inflation / Rates
(10:16) Impact of AI on Google / Meta
(32:47) Why not also MSFT/Apple/Amazon?
(57:06) Chips, Fabs, Future Compute Needs
Available on Apple, Spotify, www.linktr.ee/bg2pod
Follow:
Brad Gerstner @altcap https://twitter.com/altcap
Bill Gurley @gurley https://twitter.com/bgurley
BG2 Pod @bg2pod https://twitter.com/BG2Pod
Shownotes:
TSMC founder Morris Chang on the evolution of the semiconductor industry
https://youtu.be/r_8XClnnvIk?si=rAylAfxpJa0kHiNv
#BillGurley #BradGerstner #BG2Pod
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Open Source bi-weekly convo w/ Bill Gurley and Brad Gerstner on all things tech, markets, investing & capitalism. This week we are joined by Box Co-Founder & CEO, Aaron Levie. They discussed software valuations, public markets earnings, all things AI and legal immigration. Enjoy another Episode of Bg2.
Available on Apple, Spotify, www.linktr.ee/bg2pod
Follow:
Brad Gerstner @altcap https://twitter.com/altcap
Bill Gurley @gurley https://twitter.com/bgurley
Aaron Levie @levie https://twitter.com/levie
BG2 Pod @bg2pod https://twitter.com/BG2Pod
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The rumors were true. Enjoy another Episode of Bg2.
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(0:00) Introduction and discussion on current market trends
(3:12) Main topic: AI and its recent surge in venture capital investing
(14:04) Discussion on the potential issues in AI companies
(25:00) Analysis of public software valuations and their implications
(33:01) Future of investing in tech companies
(38:27) State of startups and challenges in raising capital
(46:37) Comparing the 1999 bubble to the current economic situation
(54:45) Analyzing Javier Milei's Speech at Davos
(1:01:20) Historical examples of the effects of open and closed economies
(1:09:09) Conclusion and farewell
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The acceleration of global GDP per capita over centuries highlights the impact of free market capitalism and innovation on human prosperity.
Venture capital investing and the tech industry play a significant role in driving progress and economic growth through fostering innovation and risk-taking by entrepreneurs.
The current venture capital correction and its impact on startups emphasize the importance of adjusting to market realities, such as valuation and capital availability, for long-term success.
#BillGurley #BradGerstner #BG2pod