Topics & People

The global trend of countries seeking alternatives to the US Dollar for international trade and reserves.

The significant rise in the price of gold, which surpassed $4,000 for the first time, outpacing other major assets like Bitcoin and stock indices.

A controversial financial practice where a company invests in its customers to create revenue for itself. The podcast debates whether large AI deals constitute this, but generally concludes they have economic substance.

A South Korean multinational electronics corporation heavily impacted by the semiconductor market crash.

South Korean semiconductor supplier of dynamic random-access memory chips, affected by the tech downturn.

The impending issue of running out of energy due to AI scaling.

A massive, multi-year deal worth up to $60 billion for OpenAI to purchase next-generation GPUs from AMD, including warrants for OpenAI to acquire a stake in AMD.

A major political theme concerning the enforcement of laws and reduction of crime, central to the discussion about deploying the National Guard in US cities.

A set of policies associated with Donald Trump's second term (e.g., closing the border, lower taxes) which Jason Calacanis supports, contrasting it with a more chaotic 'Trump 1.0' platform he opposes.

A left-wing political movement whose tactics were compared to the organized efforts to thwart ICE operations in Minneapolis, including stalking agents and obstructing arrests.

The Mayor of Chicago who opposed federal actions in his city, including signing executive orders to slow down ICE agents.

The Governor of Illinois who opposed the deployment of the National Guard and ICE actions in Chicago, labeling them as authoritarian and fighting for state rights.