Scott Galloway

from 17% to 10%.

Meanwhile, China's global exports are up 40%, while imports are flat.

Trump's tariff policy is the definition of stupid.

Hurt others while hurting yourself.

It has not inspired an increase in domestic manufacturing, but a decrease in exports, as reciprocal tariffs take effect and a rerouting of the global supply chain around the U.S.

Higher prices, lower growth?

Makes for a lousy bumper sticker.

If I were advising Chi, I'd counsel him to go for the jugular by engaging in AI dumping, a repeat of their oughts steel dumping playbook.

It's already underway and working.

80% of A16Z startups use open-source Chinese models.

Same story at Airbnb.

China is registering similar or better performance as the American LLM leaders, but with a fraction of the capex.

Flooding the market with competitive, less expensive AI models will put pressure on the margins and pricing power of the Mag7, taking down a frighteningly concentrated S&P and likely sending the U.S., possibly the globe, into recession.

The data center bubble bursts.

OpenAI is promising Oracle $300 billion, money it doesn't have, for infrastructure Oracle hasn't built.

We can't see the actual contract, but this is BS.

The greatest AI hallucination yet is the assumption that in the next few years we're going to build anywhere near the required grid and power capacity.

OpenAI needs 20% of current U.S.

electric capacity, equivalent to 250 nuclear power plants, at a cost of $10 trillion.

There's a five- to eight-year wait to connect a new data center to the grid.