Joe Lonsdale

This is not political activity. It's my art. This is an artistic piece about communism. Totally fine.

This is not political activity. It's my art. This is an artistic piece about communism. Totally fine.

You're right. There's an economic question on the power and all these things. I actually know Brandon. He lives nearby me in my house in Montana. He's a really smart guy. And I think the really interesting thing when they built this that I think is relevant going forward is these guys were commodities traders. And they were originally buying stuff to mine Bitcoin and other stuff like that.

You're right. There's an economic question on the power and all these things. I actually know Brandon. He lives nearby me in my house in Montana. He's a really smart guy. And I think the really interesting thing when they built this that I think is relevant going forward is these guys were commodities traders. And they were originally buying stuff to mine Bitcoin and other stuff like that.

And they realized as commodities traders, there's a certain supply and demand in the market of GPU chips, but also of all the data centers, by the way. And it's really, it's really interesting. What they did is they locked down the full supply of tons of data centers, tons of the power they needed tons of the chips. And they're very, very thoughtful.

And they realized as commodities traders, there's a certain supply and demand in the market of GPU chips, but also of all the data centers, by the way. And it's really, it's really interesting. What they did is they locked down the full supply of tons of data centers, tons of the power they needed tons of the chips. And they're very, very thoughtful.

I mean, they're effectively, they're traders, and they're and they're very economic. And they have, I think they have a lot of this stuff.

I mean, they're effectively, they're traders, and they're and they're very economic. And they have, I think they have a lot of this stuff.

This is how these things work, Jason, is they just one client tends to grow really, really fast. And they actually, you know, so they do this orchestration framework called sunk. I know a little bit about it. It's really easy for scheduling workflows and batches and all these things. I think a lot of other people are using really well. They've just bought weights and biases, right?

This is how these things work, Jason, is they just one client tends to grow really, really fast. And they actually, you know, so they do this orchestration framework called sunk. I know a little bit about it. It's really easy for scheduling workflows and batches and all these things. I think a lot of other people are using really well. They've just bought weights and biases, right?

Which like everyone uses basically. That's a great buy. That's awesome.

Which like everyone uses basically. That's a great buy. That's awesome.

You basically need an economist to map this all out. It's the same question for data centers in a related way, right? Which you just need to map everything. And I don't have those numbers. So you're right. It's a hard thing to figure out.

You basically need an economist to map this all out. It's the same question for data centers in a related way, right? Which you just need to map everything. And I don't have those numbers. So you're right. It's a hard thing to figure out.

Yeah, but they've kept most of their position. They're smart guys.

Yeah, but they've kept most of their position. They're smart guys.

You know, Jason, Jamaat has a lot of interesting thoughts here. And I think it's a very smart analysis. I'm not fully aligned. It is true. Bond markets hate war. War is expensive. War is inflationary. It's very clear Europe is going through, okay, war is more likely for us to spend money. And that hurts them.

You know, Jason, Jamaat has a lot of interesting thoughts here. And I think it's a very smart analysis. I'm not fully aligned. It is true. Bond markets hate war. War is expensive. War is inflationary. It's very clear Europe is going through, okay, war is more likely for us to spend money. And that hurts them.

You know, in the US, I think the number one thing that Scott Besson and Trump would want around this is to fight for Main Street, like they said. But that really is, you know, the kind of populist energy we have right now. And so I think they are focused on lower interest rates, lower interest rates.

You know, in the US, I think the number one thing that Scott Besson and Trump would want around this is to fight for Main Street, like they said. But that really is, you know, the kind of populist energy we have right now. And so I think they are focused on lower interest rates, lower interest rates.