E42: Navigating Tech Antitrust and the Future of AI

"The Riff" with Byrne Hobart and Erik Torenberg

Player FM - Internet Radio Done Right

15 subscribers

bir yıl önce eklendi

İçerik Natalie Toren, Byrne Hobart, and Erik Torenberg tarafından sağlanmıştır. Bölümler, grafikler ve podcast açıklamaları dahil tüm podcast içeriği doğrudan Natalie Toren, Byrne Hobart, and Erik Torenberg veya podcast platform ortağı tarafından yüklenir ve sağlanır. Birinin telif hakkıyla korunan çalışmanızı izniniz olmadan kullandığını düşünüyorsanız burada https://tr.player.fm/legal özetlenen süreci takip edebilirsiniz.

1 yıl önce 1:03:15

MP3•Bölüm sayfası

On this week’s episode of The Riff, Byrne Hobart and Erik Torenberg discuss tricky antitrust decisions, Balaji’s Network State, the dynamics of content moderation, and more.

🔥Apply to join over 400 founders and execs in the Turpentine Network: https://hmplogxqz0y.typeform.com/to/JCkphVqj

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RECOMMENDED PODCASTS:

🎙️ This Won't Last - Eavesdrop on Keith Rabois, Kevin Ryan, Logan Bartlett, and Zach Weinberg's monthly backchannel. They unpack their hottest takes on the future of tech, business, venture, investing, and politics.

Apple Podcasts: https://podcasts.apple.com/us/podcast/id1765665937

Spotify: https://open.spotify.com/show/2HwSNeVLL1MXy0RjFPyOSz

YouTube: https://www.youtube.com/@ThisWontLastpodcast

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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)

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TIMESTAMPS:

(00:00) Intro

(00:23) Paradox of antitrust in tech

(03:00) Consumer welfare vs. market dominance

(09:48) Lina Khan

(13:29) Sponsors: Babbel | Brave

(15:53) Corporate social responsibility and privatization

(20:28) AI trust and the impact of fake content

(26:48) Technical inputs into AI

(31:40) Absurdity heuristic

(32:24) Exploring intangible capital

(39:05) Network States and organizational challenges

(48:13) Politics and social media dynamics

(55:34) Conservative and progressive elites

(01:00:26) Wrap

80 bölüm

#Trading #Business News #Business #News #Natalie Toren #Byrne Hobart #Erik Torenberg

E42: Navigating Tech Antitrust and the Future of AI

"The Riff" with Byrne Hobart and Erik Torenberg

15 subscribers

published 1 yıl önce

Paylaş

MP3•Bölüm sayfası

On this week’s episode of The Riff, Byrne Hobart and Erik Torenberg discuss tricky antitrust decisions, Balaji’s Network State, the dynamics of content moderation, and more.

🔥Apply to join over 400 founders and execs in the Turpentine Network: https://hmplogxqz0y.typeform.com/to/JCkphVqj

---

RECOMMENDED PODCASTS:

Apple Podcasts: https://podcasts.apple.com/us/podcast/id1765665937

Spotify: https://open.spotify.com/show/2HwSNeVLL1MXy0RjFPyOSz

YouTube: https://www.youtube.com/@ThisWontLastpodcast

---

SPONSORS:

---

LINKS:

Byrne’s writing: https://thediff.co

---

X / TWITTER:

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

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

---

TIMESTAMPS:

(00:00) Intro

(00:23) Paradox of antitrust in tech

(03:00) Consumer welfare vs. market dominance

(09:48) Lina Khan

(13:29) Sponsors: Babbel | Brave

(15:53) Corporate social responsibility and privatization

(20:28) AI trust and the impact of fake content

(26:48) Technical inputs into AI

(31:40) Absurdity heuristic

(32:24) Exploring intangible capital

(39:05) Network States and organizational challenges

(48:13) Politics and social media dynamics

(55:34) Conservative and progressive elites

(01:00:26) Wrap

80 bölüm

#Trading #Business News #Business #News #Natalie Toren #Byrne Hobart #Erik Torenberg

Tüm bölümler

1
E68: Chinese Free Trade, AI Managers, and Why AI Art is Art 53:14

3 gün önce53:14

53:14

This week, Byrne Hobart and Erik Torenberg discuss the transformative impact of technological change on global trade, AI’s disruption of senior roles, the debate over AI-generated art, and market dynamics—particularly in live entertainment ticketing—offering a wide-ranging and thought-provoking discussion. --- 🙏 Help shape our show by taking our quick listener survey at https://bit.ly/TurpentinePulse . --- Highlights from the Episode: US-China Trade Relations: There's an interesting role reversal where China is now championing free trade while the US has become more protectionist. China's Economic Challenges: Demographics are a crucial factor affecting China's economy - an aging population creates financial imbalances. AI's Impact on Work Hierarchy: Contrary to common assumptions, AI might replace senior rather than junior roles. While AI isn't a perfect substitute for mentorship, it provides "synthetic wisdom" without requiring equity stakes. StubHub and Pricing Dynamics: Entertainment businesses operate as "stacks of monopolies" (artists, venues) monetizing layers of perfect competition. AI-Generated Art ("Ghibli-fication"): The massive popularity of Studio Ghibli-style AI image generation demonstrated unexpected demand for AI services. -- SPONSORS: NetSuite More than 41,000 businesses have already upgraded to NetSuite by Oracle, the #1 cloud financial system bringing accounting, financial management, inventory, HR, into ONE proven platform. Download the CFO's Guide to AI and Machine learning: https://netsuite.com/102 --- LINKS : Byrne’s writing: https://thediff.co --- X / TWITTER: https://twitter.com/ByrneHobart (Byrne) https://twitter.com/TurpentineMedia (Turpentine)…

1
E67: Hidden X-Risk, Network Effects of Elon’s Empire, and American Hegemony 58:56

10 gün önce58:56

58:56

This week, Byrne Hobart and Erik Torenberg explore Donald Trump Jr.'s financial leverage of the Trump brand, Dustin Moskovitz's shift toward AI existential risks, Elon Musk's strategic decisions with Twitter, potential U.S. recessions, political party shifts, China's AI policy, and the broader impact of these developments on Wall Street and Main Street. --- 🙏 Help shape our show by taking our quick listener survey at https://bit.ly/TurpentinePulse . --- Highlights from the Episode: Political Brand Leveraging & Business: Byrne discussed how Donald Trump Jr. is leveraging the Trump brand, noting this follows a pattern where relatives of politicians often engage in business dealings that trade on political connections. High-Stakes Career Choices: They analyzed Dustin Moskovitz's departure from Asana, suggesting it may be motivated by existential AI concerns. Existential Risk Perspectives: Byrne distinguished between "hot apocalypse" scenarios (like nuclear war) and "cold apocalypse" scenarios where societal function gradually deteriorates. Twitter/X and Elon Musk: They discussed how Musk has managed to technically restore Twitter's valuation through financial engineering and leveraging connections between his companies. Economic Policy and Tariffs: Extensive discussion of Trump's tariff strategy as a negotiation tactic rather than a permanent policy. Recession Concerns: Byrne explained how markets anticipate economic changes before they appear in employment data, creating apparent disconnects between Wall Street and Main Street indicators. -- SPONSORS: NetSuite More than 41,000 businesses have already upgraded to NetSuite by Oracle, the #1 cloud financial system bringing accounting, financial management, inventory, HR, into ONE proven platform. Download the CFO's Guide to AI and Machine learning: https://netsuite.com/102 --- LINKS : Byrne’s writing: https://thediff.co --- X / TWITTER: https://twitter.com/ByrneHobart (Byrne) https://twitter.com/TurpentineMedia (Turpentine)…

1
E66: The Politics of Alex Karp and Palantir, DOGE Breakdown, and AI vs Blogging 56:30

24 gün önce56:30

56:30

This week, Byrne Hobart and Erik Torenberg explore the effects of technological change on media and society, covering topics such as the AI debate, blogging's social impact, AI's influence on search and data, the changing news industry, foreign aid cuts, and the rise of new tech elites. --- 🙏 Help shape our show by taking our quick listener survey at https://bit.ly/TurpentinePulse . --- Highlights from the Episode: AI and Written Content: The comparison is made to how society adapted to blogging, which was initially viewed as disruptive but was eventually incorporated into mainstream media ecosystems. Media Evolution and Business Models: "Real news" remains the least lucrative part of the news business due to high fixed costs and difficult monetization. On The Washington Post's Strategy: Byrne suggests Bezos might be positioning the Post to serve an underserved audience: center-right libertarians who want economic growth while avoiding both progressive politics and Trumpism. Tech Elites and Government: Tech and government used to be more closely intertwined (semiconductor industry, Apollo program) but have diverged. Foreign Aid and USAID: Argument that programs like PEPFAR (HIV/AIDS relief) have been highly effective in terms of lives saved per dollar. -- SPONSORS: NetSuite More than 41,000 businesses have already upgraded to NetSuite by Oracle, the #1 cloud financial system bringing accounting, financial management, inventory, HR, into ONE proven platform. Download the CFO's Guide to AI and Machine learning: https://netsuite.com/102 --- LINKS : Byrne’s writing: https://thediff.co --- X / TWITTER: https://twitter.com/ByrneHobart (Byrne) https://twitter.com/TurpentineMedia (Turpentine)…

1
E65: Bill Gates’s Persona, Against Copying Berkshire Hathaway, and Making the Economy More Like Chipotle 1:01:15

5 weeks önce1:01:15

1:01:15

This week, Byrne Hobart and Erik Torenberg examine why Warren Buffett's Berkshire Hathaway can't be successfully replicated today, analyze Bill Gates's public versus private persona, and consider how economic growth manifests as "premium mediocre" options like Chipotle. --- 🙏 Help shape our show by taking our quick listener survey at https://bit.ly/TurpentinePulse . --- Highlights from the Episode: Berkshire Hathaway's Unrepeatable Success : Buffett's empire evolved through historical accidents and unique market conditions that no longer exist—trying to copy it today misses what made it special. The Real Berkshire Advantage : While most focus on Buffett's acquisition strategy, Berkshire's true uniqueness is its fee structure—Buffett aligned his incentives by getting rich alongside shareholders, not from carried interest. Gates's Dual Persona : Bill Gates cultivated a humble public image despite being famously combative at Microsoft, demonstrating how business leaders craft public personas that may differ from their actual management styles. The Problem with Reverse-Engineering : Attempting to copy successful models often fails because you're copying what worked in past conditions rather than the underlying strategic thinking. Premium Mediocre Future : If AI drives 10% GDP growth, we might just get more "Chipotle-fication"—consistently good but not exceptional products available to everyone, rather than technological utopia. -- SPONSORS: NetSuite More than 41,000 businesses have already upgraded to NetSuite by Oracle, the #1 cloud financial system bringing accounting, financial management, inventory, HR, into ONE proven platform. Download the CFO's Guide to AI and Machine learning: https://netsuite.com/102 --- LINKS : Byrne’s writing: https://thediff.co --- X / TWITTER: https://twitter.com/ByrneHobart (Byrne) https://twitter.com/TurpentineMedia (Turpentine)…

1
E64: US vs China’s Strategies, Uber’s Growth Model, AI Supply Chains 1:03:04

6 weeks önce1:03:04

1:03:04

This week, Byrne Hobart and Erik Torenberg discuss technological inflection points and examine how legal frameworks mask continued globalization despite apparent retrenchment, explores US-China dynamics, analyzes AI industry structure and emerging models, and considers Uber's strategic positioning against autonomous vehicles. --- 🙏 Help shape our show by taking our quick listener survey at https://bit.ly/TurpentinePulse . --- Highlights from the Episode: Globalization isn't truly reversing, but adapting through legal structures that help bypass trade barriers (like routing Chinese goods through Vietnam) China's economic model succeeded in early growth stages but faces challenges with an over-leveraged real estate sector and declining population Taiwan remains in a surprisingly stable but tense relationship with China despite rhetoric suggesting imminent conflict The AI industry is evolving beyond simple model providers/applications into specialized layers with different data access advantages Financial engineering works well for known variables but struggles with pure research funding due to fundamental uncertainty Uber faces an existential challenge from autonomous vehicles that initially complement their marketplace but could eventually replace it -- SPONSORS: NetSuite More than 41,000 businesses have already upgraded to NetSuite by Oracle, the #1 cloud financial system bringing accounting, financial management, inventory, HR, into ONE proven platform. Download the CFO's Guide to AI and Machine learning: https://netsuite.com/102 --- LINKS : Byrne’s writing: https://thediff.co --- X / TWITTER: https://twitter.com/ByrneHobart (Byrne) https://twitter.com/TurpentineMedia (Turpentine)…

1
E63: OpenAI Deep Research, Elon’s Potential Hostile Takeover, and AI Agent Companies 59:04

7 weeks önce59:04

59:04

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. --- 🙏 Help shape our show by taking our quick listener survey at https://bit.ly/TurpentinePulse . --- 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. -- SPONSORS: NetSuite More than 41,000 businesses have already upgraded to NetSuite by Oracle, the #1 cloud financial system bringing accounting, financial management, inventory, HR, into ONE proven platform. Download the CFO's Guide to AI and Machine learning: https://netsuite.com/102 --- LINKS : Byrne’s writing: https://thediff.co --- X / TWITTER: https://twitter.com/ByrneHobart (Byrne) https://twitter.com/TurpentineMedia (Turpentine)…

1
E62: Trump’s Tariffs, Open Source AI Models, and The Future of VR 1:09:29

8 weeks önce1:09:29

1:09:29

This week, Byrne Hobart and Erik Torenberg explore the impact of technological advancements on markets and businesses, covering topics like global trade tariffs, political populism, AI's evolving role, open-source vs. proprietary models, stock market trends, and Meta’s investments in the metaverse and AR. --- 🙏 Help shape our show by taking our quick listener survey at https://bit.ly/TurpentinePulse . --- Highlights from the Episode: Trump's tariff approach (particularly the proposed 25% on Canadian goods) makes sense as a negotiating bluff but is problematic as long-term strategy. Unlike the US dollar system, China's currency has limited international circulation, affecting their global economic influence. The market reaction to DeepSeek's developments affected both direct AI companies and adjacent sectors. Meta's transition to being more capital-intensive (through AI investments) may actually strengthen their competitive position. Companies like Meta have incentives to commoditize some AI capabilities while maintaining proprietary advantages in others. -- SPONSORS: Notion 📝Notion offers powerful workflow and automation templates, perfect for streamlining processes and laying the groundwork for AI-driven automation. With Notion AI, you can search across thousands of documents from various platforms, generating highly relevant analysis and content tailored just for you - try it for free at https://notion.com/upstreampod Vanta: Vanta simplifies security and compliance for businesses of all sizes. Automate compliance across 35+ frameworks like SOC 2 and ISO 27001, streamline security workflows, and complete questionnaires up to 5x faster. Trusted by over 9,000 companies, Vanta helps you manage risk and prove security in real time. Get $1,000 off at https://vanta.com/revolution --- LINKS : Byrne’s writing: https://thediff.co --- X / TWITTER: https://twitter.com/ByrneHobart (Byrne) https://twitter.com/TurpentineMedia (Turpentine)…

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E61: Markets React to DeepSeek, Threads vs X, and Stargate Announcement 1:06:20

9 weeks önce1:06:20

1:06:20

This week, Byrne Hobart and Erik Torenberg discuss the major disruptions in tech and business driven by AI advancements, examining reactions to DeepSeek's announcements, stock impacts on companies like Nvidia, volatility in AI investments, Meta's Threads, Elon Musk’s influence on X, the role of tech in a politically charged landscape, and how governments could shape industrial strategies to support national champions. --- 🙏 Help shape our show by taking our quick listener survey at https://bit.ly/TurpentinePulse . --- Highlights from the Episode: The announcement of DeepSeek's AI model caused significant market reactions, particularly affecting NVIDIA and other AI-related stocks. Hedge funds' risk management practices, which typically involve reducing exposure across related positions during increased volatility, can amplify market reactions and trigger cascading effects across multiple sectors. While DeepSeek demonstrates impressive optimization with limited resources, US companies maintain advantages in hardware and talent depth, positioning them to catch up with increased investment in AI infrastructure. Discussion of Threads vs. X (formerly Twitter) highlighted the importance of network effects. The $100B-500B AI infrastructure project announcement signals a long-term commitment to AI development, with its massive scale potentially deterring competitors and resembling SoftBank's strategy of over-funding to dominate markets. -- SPONSORS: Notion 📝Notion offers powerful workflow and automation templates, perfect for streamlining processes and laying the groundwork for AI-driven automation. With Notion AI, you can search across thousands of documents from various platforms, generating highly relevant analysis and content tailored just for you - try it for free at https://notion.com/upstreampod Vanta: Vanta simplifies security and compliance for businesses of all sizes. Automate compliance across 35+ frameworks like SOC 2 and ISO 27001, streamline security workflows, and complete questionnaires up to 5x faster. Trusted by over 9,000 companies, Vanta helps you manage risk and prove security in real time. Get $1,000 off at https://vanta.com/revolution --- LINKS : Byrne’s writing: https://thediff.co --- X / TWITTER: https://twitter.com/ByrneHobart (Byrne) https://twitter.com/TurpentineMedia (Turpentine)…

1
E60: Trump Coin, US Industrial Policy, and TikTok Ban 1:04:24

10 weeks önce1:04:24

1:04:24

On this week's episode of The Riff, Erik Torenberg and Byrne Hobart explore the impact of technological change on markets, touching on meme investments, ESG, the rise of meme stocks and coins, Trump’s policies, China’s economic strategies, industrial policy debates, and how these factors could shape the future political and economic landscape. --- 🙏 Help shape our show by taking our quick listener survey at https://bit.ly/TurpentinePulse . --- Highlights from the Episode: Trump's recent cryptocurrency launch represents a significant shift in his financial strategy. Meme coins/markets serve as a way to quantify social media competition and turn online engagement into measurable outcomes. China's growth model succeeded in transitioning from low to middle income but faces difficulties reaching high-income status. Japanese 30-year bonds now yield more than Chinese ones, suggesting market expects higher long-term growth in Japan. Bipartisan concerns over TikTok's influence and Chinese ownership, coupled with Trump's reversal on the ban, highlight shifting political coalitions. --- RECOMMENDED PODCAST: Check out Modern Relationships , where Erik Torenberg interviews tech power couples and leading thinkers to explore how ambitious people actually make partnerships work. Founders Fund's Delian Asparouhov and researcher Nadia Asparouhova kick off the series with an unfiltered conversation about their relationship evolution. Apple: https://podcasts.apple.com/us/podcast/id1786227593 Spotify: https://open.spotify.com/show/5hJzs0gDg6lRT6r10mdpVg YouTube: https://www.youtube.com/@ModernRelationshipsPod -- SPONSORS: Notion 📝Notion offers powerful workflow and automation templates, perfect for streamlining processes and laying the groundwork for AI-driven automation. With Notion AI, you can search across thousands of documents from various platforms, generating highly relevant analysis and content tailored just for you - try it for free at https://notion.com/upstreampod Vanta: Vanta simplifies security and compliance for businesses of all sizes. Automate compliance across 35+ frameworks like SOC 2 and ISO 27001, streamline security workflows, and complete questionnaires up to 5x faster. Trusted by over 9,000 companies, Vanta helps you manage risk and prove security in real time. Get $1,000 off at https://vanta.com/revolution --- LINKS : Byrne’s writing: https://thediff.co --- X / TWITTER: https://twitter.com/ByrneHobart (Byrne) https://twitter.com/TurpentineMedia (Turpentine)…

1
E59: Zuck’s PR, The Loneliness Economy, and OpenAI Corporate Structure 1:02:53

11 weeks önce1:02:53

1:02:53

This week, Byrne Hobart and Erik Torenberg explore the historical paradigms from agrarian to industrial eras and potential future growth, while also addressing challenges in adopting new technologies like AI, institutional constraints at companies like Meta, post-COVID loneliness, the Scandinavian economic model, China's deflation concerns, and structural issues within OpenAI, all through a mix of personal anecdotes and historical insights. --- 🙏 Help shape our show by taking our quick listener survey at https://bit.ly/TurpentinePulse . --- Highlights from the Episode: Historically, economic growth rates have increased roughly 10x during major paradigm shifts (from hunter-gatherer to agrarian to industrial economies). Meta (Facebook) invested heavily in content moderation systems but received limited credit for these improvements. The "Loneliness Economy" describes how COVID-19 increased time spent alone at home, allowing digital platforms like DoorDash, which use detailed user behavior data, to optimize services in ways physical businesses cannot. Jensen Huang's background of early hardship and drive, along with NVIDIA's strategic focus on intermediate goods like GPUs rather than consumer products, played a key role in its evolution from a graphics card maker to a leader in AI hardware. OpenAI's shift from a nonprofit to a for-profit structure highlights the massive capital needs of AI development, similar to how American Express's corporate structure challenges went unaddressed until they became critical, illustrating how organizational issues often get deprioritized during rapid growth. --- RECOMMENDED PODCAST: Check out Modern Relationships , where Erik Torenberg interviews tech power couples and leading thinkers to explore how ambitious people actually make partnerships work. Founders Fund's Delian Asparouhov and researcher Nadia Asparouhova kick off the series with an unfiltered conversation about their relationship evolution. Apple: https://podcasts.apple.com/us/podcast/id1786227593 Spotify: https://open.spotify.com/show/5hJzs0gDg6lRT6r10mdpVg YouTube: https://www.youtube.com/@ModernRelationshipsPod -- SPONSORS: Notion 📝Notion offers powerful workflow and automation templates, perfect for streamlining processes and laying the groundwork for AI-driven automation. With Notion AI, you can search across thousands of documents from various platforms, generating highly relevant analysis and content tailored just for you - try it for free at https://notion.com/upstreampod Vanta: Vanta simplifies security and compliance for businesses of all sizes. Automate compliance across 35+ frameworks like SOC 2 and ISO 27001, streamline security workflows, and complete questionnaires up to 5x faster. Trusted by over 9,000 companies, Vanta helps you manage risk and prove security in real time. Get $1,000 off at https://vanta.com/revolution --- LINKS : Byrne’s writing: https://thediff.co --- X / TWITTER: https://twitter.com/ByrneHobart (Byrne) https://twitter.com/TurpentineMedia (Turpentine)…

1
E58: How Jensen Huang Outpaces Tech Giants w/ Tae Kim, author of THE NVIDIA WAY 1:00:24

14 weeks önce1:00:24

1:00:24

This week, Byrne Hobart and Erik Torenberg is joined by Tae Kim, author of The NVIDIA Way, exploring NVIDIA's remarkable journey, culture, and what sets the company apart under Jensen Huang's leadership. --- 🙏 Help shape our show by taking our quick listener survey at https://bit.ly/TurpentinePulse . --- Highlights from the Episode: NVIDIA's success stems from its relentless work culture, emphasis on talent cultivation, and ability to execute at high velocity while minimizing internal politics. The company's "rough justice" philosophy in business partnerships, particularly with TSMC, focuses on long-term relationships over short-term gains. Jensen Huang's unique management style includes a flat organizational structure with 60 direct reports and "top five emails" system for real-time company insights. --- RECOMMENDED PODCAST: Check out Modern Relationships , where Erik Torenberg interviews tech power couples and leading thinkers to explore how ambitious people actually make partnerships work. Founders Fund's Delian Asparouhov and researcher Nadia Asparouhova kick off the series with an unfiltered conversation about their relationship evolution. Apple: https://podcasts.apple.com/us/podcast/id1786227593 Spotify: https://open.spotify.com/show/5hJzs0gDg6lRT6r10mdpVg YouTube: https://www.youtube.com/@ModernRelationshipsPod -- SPONSORS: 📑 Discover Carta, the innovative end-to-end accounting platform revolutionizing private fund management with streamlined operations and on-demand insights. Experience the new standard at https://carta.com/investors/ --- LINKS : Byrne’s writing: https://thediff.co Tae’s newsletter: https://firstadopter.substack.com/ The Nvidia Way: https://www.amazon.com/Nvidia-Way-Jensen-Huang-Making/dp/1324086718 --- X / TWITTER: https://twitter.com/firstadopter (Tae) https://twitter.com/ByrneHobart (Byrne) https://twitter.com/TurpentineMedia (Turpentine)…

1
E57: Pod Shops; Contrarian Vibe Checks; Scaling Laws Analysis 1:06:28

15 weeks önce1:06:28

1:06:28

This week, Erik Torenberg and Byrne Hobart discuss the pod shop hedge fund model, market cycles, AI pricing models, and the future of AI-generated content, with Byrne offering insights on hedge fund evolution, the current market environment, and AI's impact on entertainment and society. --- 🙏 Help shape our show by taking our quick listener survey at https://bit.ly/TurpentinePulse . --- Highlights from the Episode: Pod shop hedge fund model has evolved to focus on delivering uncorrelated returns rather than just beating market indices, with sophisticated risk management and factor-neutral strategies. Current market conditions suggest we may be entering a period where even as companies grow, stock prices may lag due to multiple compression and slower growth expectations. AI pricing models face interesting constraints around liability and human oversight, with potential ceiling prices influenced by existing enterprise software like Bloomberg terminals. --- RECOMMENDED PODCAST: Check out Modern Relationships , where Erik Torenberg interviews tech power couples and leading thinkers to explore how ambitious people actually make partnerships work. Founders Fund's Delian Asparouhov and researcher Nadia Asparouhova kick off the series with an unfiltered conversation about their relationship evolution. Apple: https://podcasts.apple.com/us/podcast/id1786227593 Spotify: https://open.spotify.com/show/5hJzs0gDg6lRT6r10mdpVg YouTube: https://www.youtube.com/@ModernRelationshipsPod --- SPONSORS: 📑 Discover Carta, the innovative end-to-end accounting platform revolutionizing private fund management with streamlined operations and on-demand insights. Experience the new standard at https://carta.com/investors/ --- LINKS: Byrne’s writing: https://thediff.co --- X / TWITTER: https://twitter.com/ByrneHobart (Byrne) https://twitter.com/TurpentineMedia (Turpentine)…

1
E56: AI Agents are Coming; China’s Internet; Google Wants to Win 1:02:17

16 weeks önce1:02:17

1:02:17

This week, Erik Torenberg and Byrne Hobart discuss AI's economic implications, the rise of passive investing, gambling markets, and Warren Buffett's early investment tactics, examining how technological advancements shape economic metrics, market dynamics, and industry shifts. --- 🙏 Help shape our show by taking our quick listener survey at https://bit.ly/TurpentinePulse . --- Highlights from the Episode: AI's economic impact may follow a J-curve pattern - initially deflationary as it reduces costs, but potentially inflationary later through increased monetization and energy consumption Passive investing's dominance has natural limits, as price discovery requires active trading, suggesting a possible future cyclical pattern between passive and active investing The gambling industry's evolution may parallel historical vice industries, potentially leading to new social norms and self-regulation before government intervention --- SPONSORS: 📑 Discover Carta, the innovative end-to-end accounting platform revolutionizing private fund management with streamlined operations and on-demand insights. Experience the new standard at https://carta.com/investors/ --- LINKS: Byrne’s writing: https://thediff.co --- X / TWITTER: https://twitter.com/ByrneHobart (Byrne) https://twitter.com/TurpentineMedia (Turpentine)…

1
E55: Futarchy, Elon, and Gut Decisions in Business 1:02:30

19 weeks önce1:02:30

1:02:30

This week, Erik and Byrne discuss the impact of technological change on markets, debate the feasibility of Argentine-style economic policies in the U.S., discuss government efficiency, payroll costs, and political dynamics, including the potential economic effects of a Trump administration and strategies of figures like Elon Musk and Sam Altman. For full shownotes, visit: https://highlightai.com/share/da0b923d-7d50-4459-b8e9-d0bf87710da7 — 🙏 Help shape our show by taking our quick listener survey at https://bit.ly/TurpentinePulse . — RECOMMENDED PODCAST: 🎙️ Unpack Pricing - Dive into the dark arts of SaaS pricing with Metronome CEO Scott Woody and tech leaders. Learn how strategic pricing drives explosive revenue growth in today's biggest companies like Snowflake, Cockroach Labs, Dropbox and more. Apple: https://podcasts.apple.com/us/podcast/id1765716600 Spotify: https://open.spotify.com/show/38DK3W1Fq1xxQalhDSueFg --- SPONSORS: Take your personal data back with Incogni! Use code ECON102 at the link below and get 60% off an annual plan: http://incogni.com/econ102 📑 Discover Carta, the innovative end-to-end accounting platform revolutionizing private fund management with streamlined operations and on-demand insights. Experience the new standard at https://carta.com/investors/ --- LINKS: Byrne’s writing: https://thediff.co --- X / TWITTER: https://twitter.com/ByrneHobart (Byrne) https://twitter.com/TurpentineMedia (Turpentine)…

1
E54: How Bubbles Create The Future 58:22

20 weeks önce58:22

58:22

On this week’s episode of The Riff, explore the impact of technological change on markets and businesses, discussing economic bubbles, the future of AI, the post-election political landscape, and Byrne's upcoming book Boom, which examines the role of bubbles in infrastructure development. For full shownotes, visit: https://highlightai.com/share/44975e08-681b-484a-9f8f-64588f17da2f — 🙏 Help shape our show by taking our quick listener survey at https://bit.ly/TurpentinePulse . — RECOMMENDED PODCAST: 🎙️ Unpack Pricing - Dive into the dark arts of SaaS pricing with Metronome CEO Scott Woody and tech leaders. Learn how strategic pricing drives explosive revenue growth in today's biggest companies like Snowflake, Cockroach Labs, Dropbox and more. Apple: https://podcasts.apple.com/us/podcast/id1765716600 Spotify: https://open.spotify.com/show/38DK3W1Fq1xxQalhDSueFg --- SPONSORS: 📑 Discover Carta, the innovative end-to-end accounting platform revolutionizing private fund management with streamlined operations and on-demand insights. Experience the new standard at https://carta.com/investors/ --- LINKS: Byrne’s writing: https://thediff.co Byrne's book: https://www.amazon.com/Boom-Bubbles-Stagnation-Byrne-Hobart/dp/1953953476 --- X / TWITTER: https://twitter.com/ByrneHobart (Byrne) https://twitter.com/TurpentineMedia (Turpentine)…

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E42: Navigating Tech Antitrust and the Future of AI