Gavin Baker

I totally agree. I think AI, you know, people are fond of saying that we're in a world of AGI or ASI, money will be meaningless. But for a short period of time, money will matter more than it's ever mattered before. Because the amount of money you can spend on AI on test time compute is going to give you a massive advantage, whether you're a company or an individual.

I totally agree. I think AI, you know, people are fond of saying that we're in a world of AGI or ASI, money will be meaningless. But for a short period of time, money will matter more than it's ever mattered before. Because the amount of money you can spend on AI on test time compute is going to give you a massive advantage, whether you're a company or an individual.

So I just think AI is going to really amplify inequality for some period of time. I hope I'm wrong. I hope AI leads to all sorts of opportunities being created for low-income people.

So I just think AI is going to really amplify inequality for some period of time. I hope I'm wrong. I hope AI leads to all sorts of opportunities being created for low-income people.

Socialism. Socialism is going to rise.

Socialism. Socialism is going to rise.

I think it's pretty interesting.

I think it's pretty interesting.

But just to build on what you said earlier, like wokeism and progressivism will decouple from socialism. I think wokeism and progressivism you know, we'll be on a declining trend, but socialism in terms of the government. Like policies, you guys are saying. Yeah, yeah.

But just to build on what you said earlier, like wokeism and progressivism will decouple from socialism. I think wokeism and progressivism you know, we'll be on a declining trend, but socialism in terms of the government. Like policies, you guys are saying. Yeah, yeah.

I think the companies that make high bandwidth memory, going back to we're going to run out of compute, it's actually a pretty shocking stat. High bandwidth memory is a bigger part of NVIDIA's cogs on GPUs than Taiwan CME is. And today there's two companies that can make it, Hynix and Micron. We'll see if Samsung gets their act together.

I think the companies that make high bandwidth memory, going back to we're going to run out of compute, it's actually a pretty shocking stat. High bandwidth memory is a bigger part of NVIDIA's cogs on GPUs than Taiwan CME is. And today there's two companies that can make it, Hynix and Micron. We'll see if Samsung gets their act together.

But HBM memory, it's in NVIDIA GPUs, AMD GPUs, Amazon Terraniums. And particularly in a world of test time compute and inference being so important, HiBen with memory is arguably more important than it ever was. And it's been sold out for the last two years. So HiBen with memory would be my pick.

But HBM memory, it's in NVIDIA GPUs, AMD GPUs, Amazon Terraniums. And particularly in a world of test time compute and inference being so important, HiBen with memory is arguably more important than it ever was. And it's been sold out for the last two years. So HiBen with memory would be my pick.

No, no. I was just thinking. I mean, if Chamath's prediction of a bank failure is true, you absolutely want to own CDS. I mean, you'll forget 100X. You'll do 1,000X, 10,000X.

No, no. I was just thinking. I mean, if Chamath's prediction of a bank failure is true, you absolutely want to own CDS. I mean, you'll forget 100X. You'll do 1,000X, 10,000X.

Really cheap. I've had a, I would call it a no China guideline ever since the long top financial fraud more than 15 years ago. It was just amazing. It was, you know, a lot of great investors owned it. And, you know, they talked a great game and they had a Western auditor.

Really cheap. I've had a, I would call it a no China guideline ever since the long top financial fraud more than 15 years ago. It was just amazing. It was, you know, a lot of great investors owned it. And, you know, they talked a great game and they had a Western auditor.

But then it turned out that the fraud was happening at the local post office where they were opening up the documents that the local auditors had signed off on, changing them and then sending different documents, you know, whatever, FedExing them. Yeah, so I just think it's a hard place, I think, if you're not Chinese, to make money. But I tend to agree with a lot of what David said.

But then it turned out that the fraud was happening at the local post office where they were opening up the documents that the local auditors had signed off on, changing them and then sending different documents, you know, whatever, FedExing them. Yeah, so I just think it's a hard place, I think, if you're not Chinese, to make money. But I tend to agree with a lot of what David said.