Offshore
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Wall St Engine
$GOOGL'S GEMINI AI WILL NOW AUTO-SUMMARIZE LONG EMAILS — Gmail users will start seeing summary cards at the top of lengthy messages without having to click anything. The feature rolls out in English first and can be disabled in Gmail settings. https://t.co/8U2x0BDfCf
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The All-In Podcast
🔥🧠David Sacks Calls Out the AI Doomer Industrial Complex

Sacks exposes web of AI Doomerism:

Who are they? Three key nodes:
-- Effective Altruists
-- Former AI-focused Biden staffers
-- Anthropic

Patterns:
-- AI threat inflation: bioweapons, job loss, etc.
-- Carried out by a network of groups primarily funded by EA billionaires

Goals:
-- Global AI regulation
--  " extreme restrictions on proliferation of computing power"
-- Safety and security regulations
-- Built-in "Woke AI"
-- Picking 2-3 winners
-- Similar to AI policy under Biden

@DavidSacks:

" These are people who fundamentally believe in empowering government to the maximum extent."

"My problem with that is, I actually think that probably the single greatest dystopian risk associated with AI is the risk that government uses it to control all of us."

"And out of all the risks we've talked about, that's the only one for which I've seen tangible evidence."

" So in other words, if you go back to last year when we had the whole 'Woke AI', there was plenty of evidence that the people who were creating these products were infusing their left-wing or woke values into the product to the point where it was lying to all of us and it was rewriting history."

" And there was plenty of evidence that the Biden EO was trying to enshrine that idea, basically trying to require DEI be infused into AI models."

" So I'm quite convinced that prior to Donald Trump winning the election, we were on a path of global compute governance where two or three big AI companies were going to be anointed as the winners,  and the quid pro quo is that they were going to infuse those AI models with woke values."

"And there was plenty of evidence for that."
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Hidden Value Gems
Here is an interesting chart on the state of US household finances: not as doom & gloom as mass media often portrays it.

Household assets have roughly doubled in 10 years, while debt is up 46% - so net worth is up than twice!

from Mario Gabelli's annual presentation (see link in the next tweet)👇
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Offshore
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Investing visuals
$HIMS business breakdown: https://t.co/s3qyudsc5L
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Wall St Engine
🔔 The weekly newsletter has just dropped and should be in your inbox now — don’t forget to check spam, promotions, or updates tabs if you don’t see it right away.
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Wall St Engine
BESSENT: THE U.S. WILL NEVER DEFAULT ON ITS DEBT
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Wall St Engine
US TREASURY SECRETARY BESSENT:

CHINA IS HOLDING BACK PRODUCTS ESSENTIAL TO INDUSTRIAL SUPPLY CHAIN; BELIEVES TRUMP WILL TALK TO CHINA'S XI VERY SOON
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Offshore
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Wall St Engine
US COMMERCE SECRETARY LUTNICK SAYS TARIFFS ARE “NOT GOING AWAY.” https://t.co/lSQ0w5S7FG
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App Economy Insights
📊 Earnings season visualized.

Don't miss the latest report. 👇
https://t.co/zarmnQZeCB
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The All-In Podcast
David Friedberg Explains AI's Abundant Future

" That means more time with your family, more time with your friends, more time to explore interesting opportunities."

AI's positive outcomes are being underestimated 🧠

"Folks are underestimating and under realizing the benefits, at this stage, of what's going to come out of the AI revolution and how it's ultimately going to benefit people's availability of products, cost of goods, and access to things."

AI will have a huge deflationary impact on the price of goods and services 📉

" Let's assume that the cost of everything comes down by half."

"That's a huge relief on people's need to work 60 hours a week."

"Suddenly, you only need to work 30 hours a week, and you can have the same lifestyle or perhaps even a better lifestyle than you have today."

Which will lead to less time spent working and more time for family and leisure 🏖️

" I think the next phase is we're gonna end up in less than 30 hours a week with people making more money and having more abundance for every dollar that they earn, with respect to what they can purchase and the lives they can live."

" That means more time with your family, more time with your friends, more time to explore interesting opportunities."
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Offshore
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Wall St Engine
TRUMP said, 'If the courts rule against us on tariffs, other countries could hold our nation hostage with anti-American tariffs,' which he warns could lead to the economic ruination of the United States. https://t.co/cDZC8s5V4z
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Wall St Engine
CHINA'S COMMERCE MINISTRY says it has strictly upheld the Geneva trade deal, but warns it will “take forceful measures” if the U.S. keeps undermining its interests. Beijing says it will “resolutely safeguard” its rights if Washington insists on going its own way.
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