Podcasts about SpaceX

Tim Cook has stepped down as Apple CEO after 15 years, with hardware chief John Ternus set to take over one of the world's most valuable companies.During Cook's tenure, he more than quadrupled Apple's profits but his time in charge was not without controversy – from China to questions over whether Apple missed the generative AI boom. Danny and Katie look back at his extraordinary run and ask what comes next for Apple. Meanwhile, Anthropic is racing towards a potential $2 trillion IPO and has one-upped SpaceX with plans to tell investors they see over $30 trillion in potential revenue opportunities – roughly equivalent to America's GDP. But how are they justifying these massive numbers? Plus, SB Energy, a data centre company, is also preparing for an IPO and hoping for a valuation of more than $50 billion. The only problem: they don't have any data centres. Watch on YouTube Get in touch: techpod@thetimes.co.uk Presenters: Katie Prescott, Technology Business Editor, The Times Danny Fortson, US West Coast Correspondent, The Sunday Times Producer: Marnie Duke Executive Producer: Priyanka DeladiaVideo Producer: Bronwen LathamImage: Getty Hosted on Acast. See acast.com/privacy for more information.

SpaceTime Series 29 Episode 106 The most distant Blazar ever seen Astronomers have detected the most distant blazar ever recorded. The blazar -- catalogued as OP 313 was detected some 8 billion light years away. Did the motion of an ocean carve Enceladus's tiger stripes? A new study suggests the iconic tiger stripes at the south pole of the Saturnian ice moon Enceladus may have been formed by ocean waves. SpaceX to build the world's biggest space port in Louisiana SpaceX boss Elon Musk has announced plans to build the world's largest spaceport in the Louisiana wetlands on the Gulf Coast 185 kilometres west of New Orleans. The Science Report It seems most girls prefer lovers to fighters at least in non-human animals. Scientists discover a type of brain activity that's 'tagging' priority information to remember later. Discovery of the fossilized remains of a giant crocodile that once dominated the food chain. The trend for retro phones could mean people want to distance themselves from their smartphones. Skeptics guide to beating up psychic stories.     Our Guests This Week Professor Paulo de Souza from Edith Cowan University Bryan Butler from the National Radio Astronomy Observatory   Our regular guests: Alex Zaharov-Reutt from techadvice.life Tim Mendham from Australian Skeptics  

Jake and Anthony are joined by Matt Gjertsen, Founder of BUILT, to talk about his book, Minimum Viable Manager: Three Essential Skills for Leading Technical Teams That Solve Big Problems, the recovery of Starship at Christmas Island, and Starbase Louisiana.TopicsOff-Nominal - YouTubeEpisode 255 - Sorry, Reno (with Matt Gjertsen) - YouTubeAmazon.com: Minimum Viable Manager: Three Essential Skills for Leading Technical Teams That Solve Big Problems: 9781774587270: Gjertsen, Matt: BooksAgainst all odds, SpaceX finally tugs Starship into port after 24 days at sea - Ars TechnicaPhotos by SpaceX (@SpaceX) / XSpaceX intends to invest up to $100 billion in massive Louisiana spaceport - Ars TechnicaUS12234039B2 - Repeating ground track orbits for a reusable launch vehicle - Google PatentsFollow MattBuilt LeadersEasily listen to Leadership Launchpad – Team Development, & Performance Improvement for Aerospace & Technology Managers in your podcast app of choiceEasily listen to A VC, a Headhunter, and a Trainer Walk into a Bar in your podcast app of choiceFollow Off-NominalSubscribe to the show! - Off-NominalSupport the show, join the DiscordOff-Nominal (@offnom) / TwitterOff-Nominal (@offnom@spacey.space) - Spacey SpaceFollow JakeWeMartians Podcast - Follow Humanity's Journey to MarsWeMartians Podcast (@We_Martians) | TwitterJake Robins (@JakeOnOrbit) | TwitterJake Robins (@JakeOnOrbit@spacey.space) - Spacey SpaceFollow AnthonyMain Engine Cut OffMain Engine Cut Off (@WeHaveMECO) | TwitterMain Engine Cut Off (@meco@spacey.space) - Spacey SpaceAnthony Colangelo (@acolangelo) | TwitterAnthony Colangelo (@acolangelo@jawns.club) - jawns.club

Very Important Links!Support the show on Patreon! - Other ways to support the show!Join our Discord! - Buy some merch!The AI apocalypse has lawyers now, and apparently that's progress. A federal judge tells the Pentagon its Anthropic ban was “illegal and baseless” after Anthropic refused to remove safeguards that would allow Claude to be used for mass surveillance and autonomous weapons. Meanwhile, Sony and Warner are suing Anthropic over allegedly scraping and torrenting copyrighted music to train Claude, while a separate lawsuit accuses xAI of using child sexual abuse material in Grok training. Because nothing says “revolutionary technology” quite like a growing stack of lawsuits and federal judges.Elsewhere in the dystopian workplace, employees are increasingly fed up with AI, communities are pushing back against data centers, and one AI startup is fleeing that backlash for Saudi Arabia. Google's AI shopping mode is also accused of recommending products that cost significantly more than traditional search results, while Waymo and Zoox rack up injuries among test drivers. Tesla's Autopilot is implicated in another fatal crash, and FSD apparently still has a complicated relationship with freight trains. In the prediction-market casino, a federal appeals court sides with Nevada against Kalshi, while George Santos earns the platform's first lifetime ban for allegedly manipulating a market. And Meta's AI glasses are facing another privacy lawsuit, this time from the people who never bought the glasses but may have been recorded by them anyway.Plus, the new Twitter is back from the dead, complete with a $20 admission fee and an AI fact-checker named Vera; Sony would like you to understand that buying a digital game means you don't actually own the damn thing; Siri on the Apple Watch moves at approximately the speed of continental drift; JBL makes Wi-Fi speakers and we have Star Trek, Ted Lasso, Silo, Spaceballs, Wicked, The Traitors, The Gentlemen, and more. Welcome to the future. Please bring your wallet, your lawyer, and possibly you're best eye-roll.Sponsors:Private Internet Access - Go to GOG.Show/vpn and sign up today. For a limited time only, you can get OUR favorite VPN for as little as $2.03 a month.SetApp - With a single monthly subscription you get 240+ apps for your Mac. Go to SetApp and get started today!!!1Password - Get a great deal on the only password manager recommended by Grumpy Old Geeks! gog.show/1passwordShow notes at https://gog.show/761Watch on YouTube at https://youtu.be/Y9B6C6nzO50SHOW NOTESJudge rules that the Pentagon's Anthropic ban was 'illegal and baseless'Elon Musk's xAI used child porn to train Grok models, lawsuit saysSony and Warner sue Anthropic for 'blatant violation' of copyright lawResearchers Warn AI Could Be Changing Us in an Unexpected WayMore Evidence Emerges That Gen-Xers Feel the Most ‘Whatever' About AIEmployees Absolutely Loath AI in the Workplace, Survey FindsFleeing Data Center Backlash at Home, American AI Startup Sets Up Shop In Saudi ArabiaTrump to Communities Fighting Data Centers: Have Fun Being PoorGoogle's AI Mode Is Ripping Shoppers Off With Vastly Higher Prices, Study ClaimsWaymo, Zoox Vehicles Still Causing Injuries to Test Drivers: ReportAnother Tesla on Autopilot Stopped on Freeway, Driver Died: ReportTeslas Are Still Driving Into Oncoming Freight TrainsUS appeals court sides with Nevada in legal fight with KalshiGeorge Santos Gets Kalshi's First-Ever Lifetime BanMeta Hit With Sweeping New Claims That Its AI Glasses Violated the Consent of “Millions” of Bystanders in Searing LawsuitRichest Man in the World Currently Ranks 4th in Race to Bribe the Most PoliticiansJBL just introduced a trio of Wi-Fi speakers for whole-home audioThere's a new Twitter in town, even though a judge has yet to rule on a trademark injunctionSony says ‘reasonable consumers' know they don't own the digital games they buyStar Trek: Strange New WorldsTed LassoSiloWicked: For GoodSpaceballsDave BittnerThe CyberWireHacking HumansCaveatOnly Malware in the BuildingRoland's new digital piano has built-in Wi-Fi that integrates with a teaching appRoland FP-40 Digital Piano ReviewElton John - I Don't Wanna Go On With You Like ThatRoland RD-1000The Brutalist ReportSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

CAPTION OCTOBER 1957Bob Zimmerman highlights SpaceX's purchase of a massive plot in Louisiana to establish a private spaceport capable of hosting dozens of Starship flights daily. Zimmerman argues that SpaceX's market-driven approach ensures success, whereas state-sponsored space programs in the UK and Canada often flounder due to bureaucracy. He outlines SpaceX's progress, including recovering the prototype 13 Starship and preparing for flight 14. Finally, Zimmerman notes the successful, on-budget launch of the Nancy Grace Roman Space Telescope, upgrades to NASA's Deep Space Network, and the upcoming nuclear-powered Skyfall mission to Mars. (10)

CAPTION: 1955.CONTENTS THE JOHN BATCHELOR SHOW, 9-2-2026Saudi Arabia Seeks Nuclear EnrichmentAndrea Stricker discusses the Trump administration's submission of a Section 123 nuclear cooperation agreement with Saudi Arabia to Congress. This agreement could grant Saudi Arabia dual-use uranium enrichment and plutonium reprocessing capabilities, potentially enabling nuclear weapon development. A major concern is Saudi Arabia's refusal to sign the IAEA's Additional Protocol, which permits inspections of undeclared nuclear sites. Although Congress has 90 days to review and potentially block the accord, overcoming a presidential veto would require an unlikely two-thirds majority. Stricker notes the administration's claims about Chinese and Russian competition lack evidence. (1)China Rejects Global Trade ConsensusKamran Bokhari and Gordon Chang discuss China's refusal to sign a G20 finance ministers' consensus document, objecting to language targeting non-market policies that cause trade imbalances. Chang attributes this defiance to Xi Jinping's arrogance and belief in US decline. Bokhari explains that China is posturing ahead of a summit with Trump, utilizing command capitalism to flood global markets. Bokhari highlights a shifting security architecture in Asia, including Tokyo deploying fighter jets to India and Jakarta arming itself, driven by expectations of US retrenchment. Additionally, Xi Jinping maintains absolute control domestically through extensive military purges while building ties with Egypt. (2)Steve Yates Warns Of ConflictSteve Yates and Gordon Chang address China's refusal to sign the G20 finance ministers' statement, which criticized "non-market" policies. Yates views this as an honest admission that Beijing has no intention of conforming to international trade standards. He praises Treasury Secretary Bessent for maintaining a firm stance alongside allies. Anticipating the September 24th summit between Trump and Xi Jinping, Yates notes that Washington has delayed a $14 billion arms sale to Taiwan to preserve positive "mood music." Finally, Yates warns of the "CRINK" axis—comprising China, Russia, Iran, and North Korea—collaborating on military supply chains and conflicts. (3)Global Energy And Food CrisisMichael Bernstam outlines a compounding global energy and food crisis. Tensions between the US and Iran have halted critical oil shipments through the Strait of Hormuz, driving Brent crude prices up. Meanwhile, European winter natural gas prices have tripled due to storages being filled only to 62%. High gas prices also restrict fertilizer production, which, coupled with Black Sea port bombings by Russia and Ukraine, has caused a spike in global grain prices. Finally, despite US interest in Venezuelan heavy crude to produce diesel, decades of local mismanagement limit production. (4)Young Conservatives Embrace Nixon MaxingRyan Bangert explores the Gen Z trend of "Nixon maxing," where young conservatives view Richard Nixon as a heroic avatar resisting 1970s extremism. Bangert argues this aesthetic misinterprets Nixon as a revolutionary. In reality, Nixon was a counterrevolutionary who sought to preserve and revitalize established institutions based on the values of the American founding. Contrastingly, Bangert highlights the philosophical division between the destructive, post-Christian French Revolution and the enduring American Revolution. Ultimately, he urges young conservatives to appreciate Nixon's true legacy: conserving institutional checks and balances to temper flawed human nature. (5)Treasury Targets Iranian Sanctions EvasionMax Maizlish explains how the Treasury Department's FinCEN is penalizing five branches of an Egyptian bank in Dubai to curb illicit financial flows. FinCEN identified $1.8 billion in suspicious transactions linked to the Iranianregime. To effectively dismantle Iran's financial network, Maizlish argues the US must target Chinese institutions, as China purchases over 90% of Iran's crude oil. Specifically, he advocates for blacklisting the Bank of Kunlun—a state-owned Chinese entity heavily involved in Iranian sanctions evasion. Maizlish asserts that CNPC officials are fully aware of these illicit transactions, making decisive sanctions necessary. (6)El Niño Defies Weather ForecastsJeremy Zakis reports on the unpredictable impacts of the current super El Niño on Australian weather. Contrary to long-term dry forecasts, Sydney is experiencing unseasonable, rolling rain showers, while Western Australia faces extreme heat exceeding 100°F. Zakis warns that if droughts strike in late September rather than mid-October, Australia faces a catastrophic, extended bushfire season fueled by rapid undergrowth. Beyond Australia, extreme weather anomalies like French tornadoes and Southern California hurricane warnings are linked to historically high Pacific sea temperatures. Additionally, warm temperatures have caused dangerous eastern brown snakes to begin moving early. (7)brown snakes to begin moving early. (7)Axis Cooperates On Advanced WeaponryBradley Bowman and Mark Montgomery, authors of Axis of Aggressors, analyze the rising military coordination detailed in their book. They reveal a secret Russian program helping Iran build supersonic cruise missiles using ramjet engines, which pose a severe threat to US and merchant vessels in the Gulf. Furthermore, China assists Iran with chemical precursors and satellite targeting data. Beyond the Middle East, Russia engages in hybrid warfare in Europe, including attempted drone attacks in Germany. In response, Germany is significantly increasing defense spending and deploying a combat brigade to Lithuania to bolster deterrence. (8)Commodity Prices Spike Amid UnrestSimon Constable discusses recent extreme weather, including an unprecedented tornado in the south of France that damaged 300 homes. This disruption mirrors severe instability in the commodity markets, where Brent crude has surged to $94 a barrel, European gas has jumped 26%, and Black Sea grain prices have spiked up to 16%. Constable also critiques the new UK Prime Minister Andy Burnham for focusing on minor local issues rather than global crises. Finally, he reviews public backlash against data centers, which consume substantial water and over 4% of total US electricity. (9)SpaceX Builds Massive Private SpaceportBob Zimmerman highlights SpaceX's purchase of a massive plot in Louisiana to establish a private spaceport capable of hosting dozens of Starship flights daily. Zimmerman argues that SpaceX's market-driven approach ensures success, whereas state-sponsored space programs in the UK and Canada often flounder due to bureaucracy. He outlines SpaceX's progress, including recovering the prototype 13 Starship and preparing for flight 14. Finally, Zimmerman notes the successful, on-budget launch of the Nancy Grace Roman Space Telescope, upgrades to NASA's Deep Space Network, and the upcoming nuclear-powered Skyfall mission to Mars. (10)

The boys give their thoughts on what the West will look like this season, including standings, coach of the year, and player of the year. We also talk about the current state of college football with the latest chaos unleashed by TSAB, give our takes on the Space X announcement, tell ya somethin' good, and of course our famous grammies segment!

What happens when a city tells you your property is in violation... but cannot point to the rule you supposedly broke? In this episode of Shop Talk, Jeremy, Jeff, and Will get into the real-world friction between industrial property owners and municipalities, from code enforcement and certificate-of-occupancy delays to zoning overlays and the growing resistance to industrial outdoor storage. They also discuss how AI can help owners navigate hundreds of pages of city code and push back with better information.Before that, the hosts cover current industrial availability, market indicators, BlackSky, SpaceX, and access to private investment opportunities. Then the conversation shifts to college football, where NIL and constant roster movement are rewriting the rules of early-season handicapping. Expect a rapid-fire run through the opening slate, plenty of strong opinions, and a look at prediction markets like Kalshi. It is industrial real estate, markets, city-hall battles, and college football - delivered the way only Jeremy, Jeff, and Will can.

In this episode of The Brainstorm, Sam and Brett unpack SpaceX's $100 billion Louisiana buildout, one of the largest infrastructure projects in history, and why the returns on Starlink, AI satellites, and terrestrial data centers could pull capital away from everything else. Brett makes the case for an “AI riptide”: if AI infrastructure underwrites a $30 trillion knowledge work opportunity, borrowing costs rise for everyone outside the value chain, and otherwise healthy businesses get caught offsides. Then the team turns to Figure AI's Index, a bid to solve robotics' data problem by paying people to wear a camera while they do their own chores.Key Points From This Episode:Why SpaceX chose Louisiana, and how a $100B project stacks up against the interstate highway systemHow the “AI riptide” could break business models that have nothing to do with AIWhy we believe Figure AI's Index is smart strategy, and why generalizable humanoid robots are still a decade outIRR stands for Internal Rate of Return, which is a financial metric used to estimate the profitability of potential investments.Return on Invested Capital (ROIC) is a financial metric that measures how efficiently a company uses its money to generate profits.If you know ARK, you know we focus on long-term innovation. But that doesn't mean we ignore breaking news. Every day, we debate the latest developments in tech and markets. Now, we're bringing those conversations to you in “The Brainstorm,” a co-production from ARK, WOLF, and Public. Tune in weekly for our quick takes on what's shaping innovation right now.Learn more about WOLF: https://wolf.financialLearn more about Public: https://public.com/Disclosure: http://arkinv.st/39rzF94

SpaceX is looking to expand into Louisiana to build a new launch facility with multiple launch pads for its Starship spacecraft. Then, to walk on the moon, NASA needs new suits. So how do you test them?

The news of Texas covered today includes:Our Lone Star story of the day: Noted space historian Robert Zimmerman of behindtheblack.com(he really did write the Encyclopedia of Space) joins us for a space industry (and government space program) update.Some the items we discuss are: Brownsville agrees to SpaceX deal, giving the company 445 acres in exchange for water and money SpaceX confirms its purchase of Pecan Island launch site in Louisiana A liquid natural gas production facility is less than 60 miles from SpaceX's Pecan Island spaceport Our Lone Star story of the day is sponsored by Allied Compliance Services providing the best service in DOT, business and personal drug and alcohol testing since 1995.Listen on the radio, or station stream, at 5pm Central. Click for our radio and streaming affiliates.www.PrattonTexas.com

Recorded 8/4/26Slava Rubin and Jan-Erik Asplund explore the recent IPO of SpaceX, its market performance, and the potential upcoming IPOs of major AI companies like OpenAI, Anthropic, and Databricks.

GoPro comes roaring back onto the options radar with a massive stock surge, unusual trading activity and plenty of speculation about what could be next for the struggling action-camera company. Is AI—or even a potential defense pivot—helping breathe new life into GPRO? On this episode of The Hot Options Report, we break down the hottest options activity from the first trading day of September, including the eye-opening action in GoPro (GPRO) and a countdown featuring PG&E (PCG), Intel (INTC), Meta (META), SpaceX, Amazon (AMZN), Micron (MU), Tesla (TSLA), Apple (AAPL) and the reigning options-volume king, NVIDIA (NVDA). We also look at where traders were piling into short-dated calls and puts, which trades worked intraday before reversing, and whether option buyers or sellers ended up with the upper hand. For more options data, go to TheHotOptionsReport.com.

In this episode, Clint sits down with Julie Newman, accomplished aerospace engineer and bestselling author of “Pull Don't Push,” to discuss why decades of well-intentioned efforts to encourage more girls into STEM haven't produced the results many hoped for. Julie argues that the problem isn't a lack of encouragement, it's the way we're communicating about engineering. Together, they explore how engineering is often misunderstood, why creativity and communication are essential engineering skills, and how leaders, parents, and educators can inspire young people by focusing on possibility instead of obstacles. This is the first part of a two-part conversation.Topics Covered:Why traditional STEM messaging often misses the markThe difference between "pushing" someone toward a career and "pulling" them toward a possibilityHow Julie's career at SpaceX, NASA, Boeing, and Impulse Space shaped her perspective on leadership and engineeringWhy engineering is fundamentally about creativity, teamwork, communication, and solving problemsThe biggest misconceptions people have about engineers and engineering careersWhy communication skills can be a competitive advantage for engineersHow parents and educators can better introduce engineering to young peopleWhy engineering deserves a bigger role in the STEM conversationWhat business leaders can learn about influence from the way we talk about careersLinks:Julie's website - https://juliejnewman.com/ Julie's LinkedIn - https://www.linkedin.com/in/julie-j-newman/ Julie's book, “Pull Don't Push” - https://amzn.to/4q7vcxW  

For the past few weeks we've been discussing non-disclosure agreements signed by state lawmakers in regards to state development projects, namely Meta's data center in Richland Parish. Recently, news broke that more officials signed NDAs about a new SpaceX site in Vermillion Parish. Gulf States Newsroom Reporter Drew Hawkins joins us with the latest. The team behind NPR's student podcast challenge is heading in a new direction. The senior podcast challenge won't focus on high school or college seniors, but zoom in on listeners who are 65 and older. The initiative asks  seniors to hit the record button and tell us their stories of family lore, finding love, funniest memories and hopes for the future.Steve Drummond, NPR's senior editor on the society and culture desk, and Janet Woojeong Lee, culture desk producer, joined Louisiana Considered producer Alana Schreiber for more.—Today's episode of Louisiana Considered was hosted by Adam Vos. Our managing producer is Alana Schreiber. We get production support from Garrett Pittman and our assistant producer Aubry Procell.You can listen to Louisiana Considered Monday through Friday at noon and 7 p.m. It's available on Spotify, the NPR App and wherever you get your podcasts. Louisiana Considered wants to hear from you!Please fill out our pitch line to let us know what kinds of story ideas you have for our show. And while you're at it, fill out our listener survey! We want to keep bringing you the kinds of conversations you'd like to listen to.Louisiana Considered is made possible with support from our listeners. Thank you!

Author of AI Agenda Stephanie Palazzolo talks with TITV Host Akash Pasricha about OpenAI's upcoming model Astra and the security risks tied to its new looping reasoning architecture. We also talk with Elon Musk Reporter Grace Kay about SpaceX's leadership shakeup in its data center unit, Enterprise Software Reporter Kevin McLaughlin about Glean taking on Anthropic on token costs, and we get into the current state of venture capital and LP chatter with Axiom Founder and former Khosla partner Sandhya Venkatachalam.Articles discussed on this episode: https://www.theinformation.com/articles/secret-technique-behind-openais-astra-model-sparks-security-concernshttps://www.theinformation.com/newsletters/ai-agenda/new-reasoning-strategies-sweep-openai-developershttps://www.theinformation.com/newsletters/applied-ai/anthropic-customers-bills-80-higher-need-glean-sayshttps://www.theinformation.com/articles/spacex-shakes-data-center-leadership-aggressive-buildSubscribe: YouTube: https://www.youtube.com/@theinformation The Information: https://www.theinformation.com/subscribe_hSign up for the AI Agenda newsletter: https://www.theinformation.com/features/ai-agendaTITV airs weekdays on YouTube, X and LinkedIn at 10AM PT / 1PM ET. Or check us out wherever you get your podcasts.Follow us:X: https://x.com/theinformationIG: https://www.instagram.com/theinformation/TikTok: https://www.tiktok.com/@titv.theinformationLinkedIn: https://www.linkedin.com/company/theinformation/Chapters:00:00 - Introduction01:13 - OpenAI Astra Security Risks12:49 - SpaceX Shakes Up Data Center Leadership17:51 - Glean Challenges Anthropic with Cheaper AI Costs22:09 - Ex-Khosla Partner on Her New VC Fund & LP Chatter

A.M. Edition for Sept. 1. Apple has a new CEO in the form of John Ternus. WSJ reporter Rolfe Winkler explains how Ternus not only has to follow iconic leader Tim Cook, but also come up with an industry-winning plan for AI. Plus, the SEC asks whether firms promising pre-IPO shares in hot companies actually hold those positions. And President Trump backs the film and TV industry in the hopes that a federal tax credit can save Hollywood. Luke Vargas hosts. Sign up for the WSJ's free What's News newsletter. The AI Therapist: A WSJ Podcast Series Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Plus: Stocks fall after Shein's IPO disappoints. And President Trump backs a federal credit to help the beleaguered U.S. movie and television industry. Luke Vargas hosts. Sign up for WSJ's free What's News newsletter. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Back in 2018 we made the decision to invest in Lake Charles Louisiana.  The thesis behind investing in this market is that the community is at the epicenter of a network of natural gas pipelines. Like some things in the energy industry, the timelines can be long and major projects often get delayed. As a result, not all of our projects in Lake Charles have gone as planned. The south coast of the US is blessed with a lot of oil and natural gas. In fact, there is so much natural gas that US prices for natural gas are consistently among the lowest in the world. There are lower prices in the middle east in there Persian Gulf, but these are often government subsidized prices. So anywhere you have very low energy costs, you will find energy intensive industries setting up shop. This is why most of the LNG plants in the US are along the gulf coast. You will also find petrochemical plants than manufacture chlorine for swimming pools, fertilizer plants, ethane crackers for manufacturing polyethylene, to name just a few.Let's go through an inventory of the current projects that are underway in this small town. There is the Louisiana LNG project where the first phase of the project consists of a $17B investment. There is the Venture Global CP2 facility which is a $32B investment. Then there is Commonwealth LNG which is a $12B project. The Cameron LNG project recently entered production and is now exporting 15M metric tons of LNG. The first phase of Venture Global is also in production and pumping out 12 million tonnes per year of LNG. Last week SpaceX announced their Louisiana Space port with Governor Landry in attendance. SpaceX plans nearly 30 launches per day from 10 launch pads once the spaceport is fully built out.  This $100B investment will bring 10,000 permanent jobs to the area. But if you are going to be launching a lot of rockets into space, you will also need a ready source of propellant.  SpaceX uses natural gas and oxygen as the propellants involved in the reaction. They need a few things to build a launch site on this scale. They need to be south facing with ready access to a coastal area to the south. They need a massive supply of natural gasThey need about 125,000 acres that are far from population centres so as not to interfere with residents. This location in Vermillion Parish in Louisiana is almost exactly equidistant between Lafayette Louisiana and the location of our property in Lake Charles. Now the market conditions seem to point to bringing a new apartment project into our construction pipeline. We are actively getting quotes and arranging financing for this project. We don't know what the future holds. After all, we live in an unpredictable world. But if the current demand persists, this project is going to make a lot of sense, not just for the next few years, but for the longer term outlook.-------------**Real Estate Espresso Podcast:** Spotify: [The Real Estate Espresso Podcast](https://open.spotify.com/show/3GvtwRmTq4r3es8cbw8jW0?si=c75ea506a6694ef1)   iTunes: [The Real Estate Espresso Podcast](https://podcasts.apple.com/ca/podcast/the-real-estate-espresso-podcast/id1340482613)   Website: [www.victorjm.com](http://www.victorjm.com)   LinkedIn: [Victor Menasce](http://www.linkedin.com/in/vmenasce)   YouTube: [The Real Estate Espresso Podcast](http://www.youtube.com/@victorjmenasce6734)   Facebook: [www.facebook.com/realestateespresso](http://www.facebook.com/realestateespresso)   Email: [podcast@victorjm.com](mailto:podcast@victorjm.com)  **Y Street Capital:** Website: [www.ystreetcapital.com](http://www.ystreetcapital.com)   Facebook: [www.facebook.com/YStreetCapital](https://www.facebook.com/YStreetCapital)   Instagram: [@ystreetcapital](http://www.instagram.com/ystreetcapital)  

In June, the most capable American AI models stopped shipping as public launches and started shipping through a government gate. Six weeks later the gate is open again — and the real fight has moved to the layer no gate can touch. A Chinese open-weight model rattled trillions out of chip stocks, Washington pivoted from gating American closed models to threatening bans on Chinese open ones, the industry mounted its largest-ever policy counter-mobilization, and an American frontier model literally broke out of its lab and hacked another company. Knee-jerk reactions, or the beginning of real AI governance? Navigation: Intro The Gate Opens The Kimi Shock The Escape The Counterstrike and the Petition Interlude — The Low-Background Books The Investor Reckoning Conclusion Our co-hosts: Bertrand Schmitt, Entrepreneur in Residence at Red River West, co-founder of App Annie / Data.ai, business angel, advisor to startups and VC funds, @bschmitt Nuno Goncalves Pedro, Investor, Managing Partner, Founder at Chamaeleon, @ngpedro Our show: Tech DECIPHERED brings you the Entrepreneur and Investor views on Big Tech, VC and Start-up news, opinion pieces and research. We decipher their meaning, and add inside knowledge and context. Being nerds, we also discuss the latest gadgets and pop culture news Subscribe To Our Podcast Bertrand Introduction Welcome to Tech Deciphered Episode 80. This one, once again, will be all about AI, government, frontier models, and open weight counterstrike. A lot has been happening in the regulation space, in cybersecurity, in the launch of new models in the past, maybe just 6–8 weeks. It’s actually pretty insane how much happened. We believe it was time to do an episode to talk about where we are and maybe where all of this is going. Maybe let’s start with a summary of where we stand, all that June and July saga, so you, our listeners, can get up to speed if you are not already there. You want to start with some points? Nuno The Gate Opens Yeah. Again, to your point, the gate swings. The gate had closed. We had to prepare an episode for the gate closing, and then the gate reopened. Now we have a different episode. This will probably change again as we’re seeing there’s news every day. Let’s start maybe with the first 19 days of the gate closing. There was an executive order on June 2nd from President Trump that asked frontier labs to share models with the government, 30 days pre-release. It inferred the protected frontier model designation into that. Basically, it was effectively a de facto licensing agreement defined by an executive order of the President as of June 2nd. On June 9th, Anthropic launched Fable 5 and the famous Mythos 5 or Mythos. I’m not sure how you actually say it in English. Then on June 12th, there was an export control directive banning access by any foreign national. Since there’s no way to verify nationality in real-time, Anthropic had to switch the models off for everyone worldwide. Bertrand On this point, you could argue that there are possibilities to check IDs. Many services let you check IDs online. You can pre-check a flight by showing your ID. There are ways, it’s just that if you don’t want to follow what’s already available, because guess what? Maybe it slowed down your revenue growth, maybe it looks bad on you or whatever. My point is that there was actually an option. I think it’s already a decision from Anthropic to say it’s either on or off, but nothing in between. Nuno I think the point is they had no way implemented of doing it. If they implemented it, to your point, it would have hampered use in general. A lot of people wouldn’t have gone through that trouble of doing it. Anyway, long story short, in June 26th, the White House apparently asked OpenAI to limit GPT-5.6, so Sol, Terra, Luna, to only 20 vetted partners. Now, apparently, the trigger for a lot of these things that have been going on was that there was a jailbreak that was found by Amazon researchers. All of that led to this jumping around of, let’s close the gates. You have foreign nationals, and therefore, Anthropic got it out and said, “Hey, then we’re going to switch the models off until we can sort this out.” OpenAI was asked also to only allow it for certain vetted partners, et cetera. The government came in, closed the gates effectively, and said, “From now on, we need to be involved in this thing.” De facto regulation, there’s no doubt that this has imposed de facto regulation, certainly on the top players in the market. But then came the reversal. Bertrand, do you want to talk about the reversal, the gate swinging the other side? Bertrand Maybe I just wanted to say that as a user of Anthropic products, ChatGPT products, for the brief moments, a few days where Fable 5 was made available to the public before it was closed the first time, I immediately started using it. I must say it was a real issue to use it because the guardrails were pretty crazy. It would keep saying that my code was not okay, there was cybersecurity risk and stuff when I was doing absolutely reasonable development with absolutely no connection whatsoever to any cybersecurity risk, attack, detection, anything. Still, it would keep blocking me, degrading me to Opus 4.8 at the time. I just want to say this was already very hardcore what they were implementing, and not just hardcore, but in some ways, plain stupid for something that’s supposed to be super smart. It was totally unable to classify properly some of my work. I must say I was already disappointed. On top of it, the costs were insane. Half a day, I would reach my limits when I had the best plan you can get from Anthropic. My point is that there were some real serious issues when they launched Fable 5, even at that point. Nuno I had a similar issue. I used Fable 5 as well before they had to take it offline or take it off. I think the issue was really not that the guardrails failed. As you said, maybe the guardrails were actually too aggressive, but it was this jailbreak that caused the recall, apparently caused this knee-jerk reaction. Bertrand But my point is that it seems that it was not working either way. It would either overclassify something that’s absolutely not doing anything wrong, and it might fail to classify something that is actively trying to do some cybersecurity work. It’s a real issue of quality for a company that’s supposed to be at the forefront of quality of AI and everything. I think for me, there are already signs that something is deeply wrong. Nuno Then it’s reversed, right? We went the other way around. The government came out on June 26th and approved redeploying Mythos 5 to US organizations defending critical infrastructure, and then the export controls were effectively lifted on June 30th. July 1st, Fable 5 came back online for all of us to use. Shocking enough, with strings attached, that were different. They had some time to revise their commercial deployment of it along the way because it came back with some, “Now you have usage credits, but you have some limits on plan use, et cetera.” I’m like, “You guys, this was blocked. But meanwhile, you did have some time to do some commercial stuff around it.” Bertrand It was crazy. I’ve never witnessed any such crappy launch of any service whatsoever in 30 years in tech, it was so bad. Every day, they would change the terms of service. They would tell you it’s part of the plan. It’s not part of the plan. It’s part of the plan for three more days, and then it’s excluded. You have a special discount now, but then it goes back to full price. It was a total nightmare. I’ve never felt myself being so much mistreated by a company. I guess you saw the same, but when I started using the newest version of Fable 5, it was even worse, actually, I think. I couldn’t do any work with this crap. I let it go and work on the work I wanted it to do. It was simply not working. On top of it, you never know how long you are supposed to lose your credit, how fast. It was burning credit like crazy. Me, personally, I can say, very quickly, I actually stopped using it. I was like, “No, I cannot deal with this shit. My main model is back to Opus 4.8. I’m going to use Fable 5 for code review, but not anymore to control anything because I cannot trust it would do the job without stopping or changing models and stuff. I just cannot trust it.” Back to Opus 4.8 as my main model, I can say that my life was much easier. I use Fable 5 as a review mechanism, as a support mechanism, but not as the main mechanism. Suddenly, the guardrails were not so horrible anymore because it was used in a much lighter way, I guess. As a pain as a user, I think it was really bad. I don’t know your experience, but me, for me, it was unacceptable. Nuno I wouldn’t say it was as bad as yours in terms of just end-user experience. I think the terms of service switching back and forth, which went one further step, because then when they then launched Opus 5, they started making comparisons between Opus 5 and Fable so that people would migrate more and more to Opus 5 themselves, which is interesting. It’s like they’re saying “This is much cheaper. This is whatever. You’re not going to run of credits. You should use Opus 5,” kind of thing effectively. To your point, I don’t think they managed well the launch. They didn’t really manage it well. We’re moving people around. A lot of people are using this for stuff that’s like daily tasks, hourly tasks, anything that relates to code and co-work. It’s like, we need to have visibility on what your terms of service are going to be. Should I be using this new model or not? What’s happening to the other model? I don’t see it as negatively as you, Bertrand, but I see your point. It was clearly mishandled in terms of how they deployed it, how they were redesigning effectively their pricing scheme and their terms of service almost on a daily basis, at a certain point in time. We’re like, “Dude, there’s millions of people using this. You guys are making a lot of money.” Just moving it as it is. At this point in time, at the scale that these guys are at, it’s calling in people to say, how about we think through a class action suit at some point around pricing? Because you guys are changing the rules of the game all the time, right? Bertrand I don’t know if I need the class action, but for me, that joke that, “Let’s not rush too fast. The model is dangerous.” But still, they rushed the launch because it’s very clear that if they had enough compute capacity and stuff, they would not have to limit so much. They would not have to put so much cost per token and all of this. You can see that actually when they launch Opus 5, literally like 2, 3 weeks after, by most benchmark at launch, they tell you basically that, “You know what? Actually, Opus 5 is better than Fable 5 on 80% of the metrics.” They’re like, “What? Seriously? You couldn’t wait 2 weeks? Why did you even launch Fable 5 in the first place?” That’s another part for me that is quite literally insane, to be frank. It’s like, “Why? Why do you make us go through so much pain if it’s only to tell us after 2 weeks to…” “This new model, by the way, has less issues, less stuff, because 2, 3 times less is part of your plan, and it’s actually better by most metrics.” It’s like, “What’s going on here? What’s going on? Are you guys mad?” I don’t know. It was crazy. Personally, I still use Opus, now 5, as my main system and platform, Fable 5 for review, code reviews and the like. I don’t want to run into its stupid guardrails. I can see Fable 5, from my perspective, seems quite a bit smarter. I don’t know why they do this stupid benchmark showing you it’s actually worse than Opus 5. I guess they should have better benchmark if they want to demonstrate why you are supposed to pay 2, 3x more for a model versus another if it’s actually worse by most benchmark. Again, I still think it’s a huge mess from a marketing perspective, customer perspective. Me as a user, I really feel that they don’t want my money, and they couldn’t care less about me. This is even before everything else we’re trying to talk about. Nuno Yes. Maybe just to close the cycle on the reversal on the door opening the other way, finally, Commerce lifted the GPT-5.6 restrictions on July 8th, and then on July 9th, general availability across ChatGPT, Codex, and the API as well. What has this proved? It proved that now we have gating mechanisms, and certainly for closed models in the US, for sure. We had frontier models that were switched off worldwide in hours, and it took a couple of days, in this case, 19 days to restore them. There were concessions. Now we know that there were concessions around effectively institutionalizing that gate. Early government access to future models is, I think, now a given, certainly in the US. New safeguard frameworks are probably now having to be put in place. There are some stage limits now on who gets access to what for new models and how it happens. This voluntary executive order, so to speak, not really sure, has become effectively regulation enforcement path. It’s de facto regulation that now has been put in place. It has affected not just to the points we were making before, the access to these models, but also who gets access to these models, and actually potentially even pricing access to the models. It has probably some commercial implications as well as we just discussed along the way. Very significant. This is very significant. This is regulation, de facto at the table, imposed on the two largest players in the market by far by one government, in this case, the US government. This is significant. Actually, you could even allege it was imposed by the President because this was coming as part of executive orders. Really incredible. Pretty significant, fast, aggressive. It has created a regime that you could say it’s a regulatory regime, it’s a de facto regulatory regime. It has some significant pricing and licensing and commercial implications. It goes even beyond your classic regulatory framework. Very, very, very significant. Bertrand I don’t know if it goes beyond a classic regulatory framework. Nuno I think it does, because it has implications on who do you give access to? When government is saying you can only give access to these players, right? Bertrand Defense industry. It’s all over the defense industry. You cannot sell an F-35 like this. Nuno No, but that has commercial implications, Bertrand. That’s like you’re saying these are your customers, you go and use them. Bertrand That’s the defense industry. You cannot sell to Iran your F-35. No, that’s exactly the same story for me. Nuno No, no, no. It’s beyond that. These guys are saying when they came back, and they said, “For Mythos, you can make them available to these entities,” they were saying the first entities that are going to have access to the model. It has commercial regulatory implications. You’re saying these players are the first players that are going to have access to it. It’s no longer just defense concerns and these governments don’t have access to this. No, no, no. You’re saying to a company that is a private company, your models are only going to be used by these guys because I’m telling you so. It’s the other way around. It’s not even that you can’t sell it to Iran or whatever. It’s like you can only sell it to these guys. Bertrand Again, in the defense industry, if you’re a private company, do you think you can buy F-35 like this? No. Nuno No, no, no. But this is a private company, Bertrand. This is not a defense agency and a plane that is on whatever, with IP from the US, right? Bertrand Boeing is a private company, and they cannot sell the military equipment they manufacture. Nuno No, no, no. But the development of their IP was subsidized by agencies that belong to the US, right? That’s a different matter. It’s a matter of IP, right? This is not, right? Anthropic, their models are not owned by the US government. There’s no IP granted to the US government, to my knowledge. This has significant commercial implications. Bertrand Maybe, yes. Maybe on this. But I think there are already regimes to limit who you can sell to, and that’s decided by the state or the DOD. Nuno It’s the export control logic. The export control logic? Bertrand You have export control, and export control is Commerce. My point is that they are using existing tools, part of the government, to limit what can be sold. Selling chips, NVIDIA was limited in terms of where it could sell its chips. It’s not different either, but still there were limitations. If you are an ASML, you cannot sell to a private company in China. Many private companies cannot buy ASML products. This is a foreign company. This is a foreign company under pressure from US government. Nuno I understand, and I’m not a lawyer, but it feels different to me when you say you cannot export, this is export controls, to these countries, to these entities, et cetera, because they’re foreign et cetera. Then to say, “No, no, no. On top of that, these guys get first access.” That’s, for me, a significant shift. Again, I’m not a lawyer, so I’m sure there’s very intelligent people right now looking at this stuff and saying, “You can’t do this stuff, or not, or they can.” I don’t know. But it feels to me, it goes beyond the remit of export controls. It’s like you’re defining initial clients for specific use. Bertrand My impression is more like, “We can do this situation where we’re going to forbid you to give access to anyone outside the US or even in the US or limit even more.” Basically, it was, I guess, some gesture to go beyond that. That’s how they probably defined these 20 authorized companies. I don’t know. Apparently, there was also restrictions because I remember seeing that Anthropic had their own list of companies they would authorize access to Mythos early on. That’s apparently another thing that pissed off state government because there were companies in there that were considered close to the Chinese government. They were extremely unhappy that Anthropic didn’t ask, actually, for any guidance from the state government, but used basically their own perspective on who they should allow or not. I guess that was also part of why they got these serious restrictions. Nuno Anyway, now we have a regulatory environment that’s very interesting and exciting. Talk about the US not regulating. Bertrand To be clear, I don’t know you, but I’m not saying that I agree with any of this, to be very clear. I’m trying to explain and share some perspective, but I’m not in agreement on a lot of this. Nuno Yes, we were just describing what happened to the best of our knowledge. We’re having a discussion on what we think actually is happening and how it’s happening. We’re not really right now saying we agree or disagree with this. I think later in the episode, we can share some perspectives on what we think is actually happening and how there’s dimensions to this which are very geopolitical and very complex, which quite literally probably only God knows what’s going to happen. That was the gate swinging. There was a gate closing, then there was a gate reopening, and all of a sudden we have a gatekeeping system that has been created along the way. The Kimi Shock Along the way, moving to our Act 2, the world has changed, and we now have so-called open-source plays out there that are creating massive, massive shifts in the market. The Chinese models, in particular, with Moonshot AI launching Kimi K3, which is the largest open-weight model ever released. We’ll come back to the discussion around open-weights. I’m not sure all our listeners understand what that means, because there’s a debate now, should models be open weight or not, and how does that work? There’s been a petition as well signed along the way. Right now, we have open weight models that are out there that are huge. What that actually means very pragmatically is we now have open source models, lack of a better word. I know open weight and open source are not the same thing. You guys will have to bear with us during this episode. We’ll explain at some point the differences. But we have models out there that are open source that are significant. That are catching up with the closed source models, with the models by OpenAI, Anthropic. That’s significant because most of those models are Chinese. This is where the geopolitics starts getting really frazzling and we start playing 3D chess. Because everyone’s like, “These models are 5, 6 months behind.” Now people are saying, “Maybe they’re actually just 3 months behind, 2, 3 months behind.” If we, for example, decided to stop or slow down our model releases in the US by the closed source guys who are leading, it might mean they’ll catch up. What are the implications of that? Again, for you and I that are not necessarily experts in model development, well, the implications as a use case is if you want to use the latest models, and the best models start becoming these open source models, you’re going to use those models. Then you start using Chinese models. If you’re an American company, maybe you’ll have restrictions on the use of those Chinese models. But if you’re a European company, you probably won’t. What happens after that? Is the world going to be in the hand of Chinese models? Will that constitute effective competition to the closed models in the US? Will we have open models in the US that will scale as well? What’s going to happen? Bertrand I think it’s a really big question. It goes to some of the core of the issue. It’s that ability of Chinese models to basically challenge frontier models, not just being 6, 12 months late, but being 6 weeks late. Basically, no gap. Some will say that, yes, but OpenAI and Anthropic have even better models that are not shared and stuff. Yes, sure. But maybe the Chinese have the same models that they are not sharing right now. We don’t know. What is clear is that one is that open weight, as you said, two, there is a question of how it is marketed in the sense of, can anyone use these weights? Is there a license to use them? Yes, what we can see is that, for instance, typically there is a license for some of the biggest Chinese open-weight models you have to abide with. You might have a need for a commercial license if you are acting as a company leveraging this model to provide AI-informed services. If you use it internally by yourself, you’re okay. If you use it internally for your own internal company needs, maybe you are okay if it’s not your main business to do AI work. Anything else, a much bigger corporate providing AI services and stuff, you will probably end up having to pay a fee to be able to provide services around this model. My point is that it’s not just 100% free. Some of the Chinese models are 100% free to use, MIT license, Apache 2.0 license. But the biggest ones with the biggest weight that are truly frontier typically have a different license if you want to scale these models, providing AI in front. That’s one thing to keep in mind. Nuno Maybe just to make a very quick point, because people are like, when you talk about open models, what does it mean right now? In the context of this episode, open models mostly will mean open-weight models. How do those differ from open source? Open weight means that you release the weights to the public, which means that anyone can download, fine-tune, and run the model on their own hardware. It doesn’t normally mean that you also have access to training data, training code, or a truly open license. That’s the distinction to open source. Open-weight doesn’t mean that. For example, we’ve talked about Meta’s Llama in the past, and we also discussed in the past that their license agreement does have restrictions, certain players can’t use it, et cetera. The open model definition and open weights are really open-weight models that we’re talking about here, and they are closer to freeware binaries than to Linux, for those who understand the difference between that. It’s binaries that you can use and then use your own weights on it versus actually I can change code on it. I’m not going to be able to change code on this. When we, for the purposes of this episode, talk about open, we mention open weight, just to clarify that point to everyone that’s listening right now. Bertrand Yes, that’s a great point. One of the only players, as far as I know, who is truly open source is actually NVIDIA with their Nemotron-3 models. They’re actually following a special license to achieve that. They provide you the data, they provide you all the processes and tools, so you can easily post-train. NVIDIA is a big, big exception. It’s a very interesting player, by the way. We might not talk much about it in this episode, but I think for intermediate-size models built in the US, where you have access to everything in the deployment, it’s a very interesting alternative and maybe one of the best choices if you are a US company or a big corporate, and you want something trusted. Another piece of the puzzle to clarify is that when you use open-weight, it means that you can run them by yourself, or you can use a US provider to run them. If we are talking about Chinese open-weight, you can use the APIs they provide, but then the service is running in China, they might have access to your data. But because it’s open weight, if you run it by yourself or if you use a third-party provider based in the US to run it, then there is no access to your data by China or Chinese players. I think that’s a pretty important gap to understand. It means that these models are actually very, very low risk from that perspective if you run them on your premises or in the US by a US player. I think that’s something to keep in mind. You can also fine-tune easily these models to make sure they will behave in a way that, for instance, is not going to represent the line of the Communist Party on some topics. There are ways to make these models more neutral in their output as well. There are a lot of ways to make good use of them. By default, they’re already very safe, but you can make them even more safe. I think that’s some things to keep in mind. But again, it depends ultimately on the license and what you’re authorized to do and some fees you might end up having to pay. Nuno Why did this matter so much? Immediately there was a reaction from the market because people are like, well, if there’s much better stuff out there that’s much more efficient than it’s open, then it might be that all the demand that we are taking into account, for example, for chipsets actually isn’t real. The Philadelphia Semiconductor Index fell into bear market territory. It went down by as much as 20% plus from the late June peak. The worst chip week since April 2025. Taiwan’s benchmark initially fell 6% plus, Japan’s 4%, TSMC dropped dramatically despite beating earnings and rising guidance. Basically, a huge amount of effect. Now, there’s a little bit the aftermath of this where apparently Moonshot ran out of GPU capacity. Maybe… Bertrand In just 48 hours. Nuno In 48 hours. Great for them, but at the same time, not great in the sense that maybe there was a misread by Wall Street of the Kimi effect, so to speak. Bertrand Completely. For me, that’s such a joke. It’s like, because you have an open source model, so what? I mean, you still need to run it. This is not a small one. 2.8 trillion parameters. Good luck running that in your garage, by the way. Nuno They misread supply, basically. Tough luck, right? All of that basically happens. Bertrand Maybe you want to talk about the Jevons paradox, because I think that’s a big part of the puzzle as well. Its one is they might not have the GPUs to run the inference on the model. They might have enough to build a model, but not enough these days to run inference, especially given how much with intelligent models, thinking models, you need way more inference than before. But on top of it, the cheaper you make it, the more you get to the Jevons paradox. Nuno Yes, Jevons paradox, for those who don’t know, is an economic term. It describes an economic phenomenon where technological improvements that increase the efficiency of a resource lead to an increase rather than a decrease in the total consumption of that resource. What that means is, for example, for chipsets, chipsets become so much better, and they are so much more efficient. You’re like, well, maybe normally in resource terms, that leads to decreased usage of that resource. But in this case, it actually leads to an increased use of that resource rather than a decrease. There’s more and more consumption of that resource. You need more and more chipsets because people actually need to do more and more stuff with it, although there are great efficiencies going into it. There’s the efficiency gain, there’s the cost reduction, and there’s the price-elasticity element to it. But basically, the adoption just continues going through the roof along the way. Bertrand In some ways, it’s like the price of energy. Coal went cheaper and cheaper, and people were asking the same question 150 years ago, now that it gets cheaper, there is not much money. No, no. Actually, what happens is that people find more and more use for coal. Homes are getting heated more. You have ships now using coal. You have manufacturing using coal. The cheaper it gets, the more use case you can develop, and therefore, you don’t need less of the stuff, you need more of the stuff. By going at scale to get more of the stuff, you also decrease price, making even more demand. It’s a very interesting phenomenon, but it’s not new. It is what happened for a while in the energy sector and some other sectors. Nuno We already started talking about the Chinese logic and what’s happening. Getting a little bit of a reality check on this. The Chinese models, and these are numbers from Open Router in July, Chinese models are at 46.4% of routed tokens and 35.7% for US origin. Again, more than a third of global AI usage now seems to be running on Chinese open models. This is significant, and it has a huge impact on the geopolitical scale of everything that’s happening. Also, the whole Chinese field is converging on open. Open seems to be a strategy, not just a nice thing that’s happening. It seems to be a Chinese strategy, so much so that you have players like Moonshot, DeepSeek, our old friends DeepSeek, Z.ai’s GLM 5.2, Minimax, and even Alibaba seems to be reversing and going open with Qwen. It feels to me this is becoming policy as well. Xi Jinping has personally endorsed the building of open-source AI, if it’s really open source, if it’s just open weight anyway, and this feels to be a jab at Washington, DC and the fact that the big closed models are coming from the US. This is now geopolitical 4D chess, right? We didn’t need this stuff. Bertrand To be clear, it’s the usual in tech. If you are not number one, you are number two, number three, your alternative is to go open source because that’s another angle that your competitor usually cannot follow without destroying its own business model. That has been the alternative for the past 20 years of most software projects. Here, what’s different is that it’s not the number one or number two player. It’s the US number one as a country, China number two as a country. That’s where it’s new. For me, what’s very interesting is the endorsement by Xi Jinping. I was waiting for something official, and it certainly didn’t disappoint. As you said, there was an immediate U-turn of Alibaba, who in the past… Nuno Surprisingly. Bertrand Yes, a little more like, “yes, we are going to close and stop open source. It was good while it lasted.” Just a few days ago, Qwen 3.8 Max was launched, and we are supposed to get the weight in a few days. We talk about the US administration policy and stuff. Yes, let’s not forget that in China there is similar stuff. Sometimes it’s totally invisible because you don’t see the directives, but they exist as much. Sometimes it’s more visible. Here it was quite visible. The difference in China is that if you don’t abide by the directive, on top of it, you might have to fear for your personal safety. It’s a different game, and that’s probably why the reaction is pretty quick, usually. That’s pretty interesting for me because it means that now you can bet for a while that China is going to play that game up to a point. I guess the point is if it’s truly frontier scale, you will have a special license that, yes, technically the weights are open, but you can not do everything you want with it. Two, you have a player like NVIDIA that I think will feel more pressure to provide even more high quality, larger models at scale going forward. Their largest Nemotron-3 Ultra model was, if I remember well, only around 500 billion parameters. I would not be surprised for NVIDIA to go into the two, three trillion range at some point. Because I think the US need a very clear US-born alternative open source. I think NVIDIA might be the best player for that. We will see if Meta goes back to open source. I think NVIDIA is one, very well positioned, but two, it’s also in their best interest. Because NVIDIA for now depends on just a few big hyperscalers as clients. If they can expand their clients to every S&P 500 companies, selling them directly hardware because now these companies can run a model made by NVIDIA, I think there is a very clear value proposition for NVIDIA to go in that space. Again, if you are number two, your differentiation, open source is often the answer. There is a true business as a business model for companies, because if it’s truly not just open weight, but open source, you can tweak it as much as you want, you can change it, you can change even the pre-training process. Because there is a lot of stuff you can do that really benefits you as a corporate, and you can reach a much better value by having more control on the model. Nuno We won’t spend a ton of time on it today, but like, again, if there’s a view that we are in a bubble, that the valuations cannot be sustained in chipsets, infrastructure platforms, applied AI, et cetera, today, this might be that beginning, where the valuations start being destroyed because you can’t keep a premium on just charging people for tokens and all that stuff if you have models that become more and more efficient and cheaper to use. Maybe just to close a little bit the geopolitical part of the discussion today, we won’t go into all the announcements from China because there were many, a lot of go back and forth with Alibaba by then. Xi Jinping made some announcements. You guys can check it online. Let’s move quickly to Washington’s reaction, which was from gating the US closed models to banning the Chinese open ones. There’s been as strong affirmations as one can get from the Office of Science and Technology Policy Director, Michael Kratzios, mentioning that they have information that Moonshot AI distilled Anthropic’s Fable. Basically, there’s been reverse engineering and stuff in the market. They’re basically copying. Bertrand I’m sorry to interrupt, but it feels like so much bullshit. It’s coming from Anthropic who has basically gotten access at scale to all the knowledge made by humanity, copyrighted or not. We’ll talk more about what they did with books. Then to claim after that that others cannot do to you what you did to everybody else. For me, it’s pretty big. It’s clearly unacceptable. The other piece is that everyone is doing distillation. It’s a very typical approach of every business model. You try other software when you are competing with somebody else. You try other datasets, you check what’s happening. It’s part of doing business for decades. Suddenly it’s not good for Anthropic. I personally have a lot of trouble to accept that. I think it’s totally unacceptable. The other piece of the puzzle will also go back. If these guys are so smart, if these guys have so much of the best model, why can’t they block by themselves distillation at scale? The only answer is that either they are morons, probably not, or they simply don’t want to because it’s going towards their business model. Suddenly, you book less revenues and stuff, or you put more friction, and therefore your customers don’t like it. Instead of doing it yourself, you ask the government to protect you, go out of business practice that is very typical. For me, it’s really, really, really not good. Sorry, we are going more in the opinion side, but I had to put that on the table. Nuno Yes, Fable went public finally again on July first. Question marks on whether distillation would only be possible from July first onwards or not. But a 15-day distillation to frontier, which is K3, launched on July 15th, would have been a Guinness World Record, as one of Moonshot employees actually mentioned. It’s very implausible and unlikely. Bertrand Or they shared the Mythos 5 with the wrong companies, who themselves shared with Chinese companies. We go back to maybe they didn’t have a good list. Again, it goes back to maybe they didn’t want to hurt their business model. Nuno Anyway, under the threat of sanctions, Moonshot, in any case, open-sourced the full K3 weights and technical reports. They open weighted it to become the largest open weight model in the world in terms of parameters. Beijing’s MOFCOM brands US threats as basically the US wanting to fundamentally control and be monopolistic around AI along the way. The administration bans Chinese hardware with an eye on the AI race, and Beijing warns of retaliation. That was July 27. Now we’re in a war between Beijing and DC. Bertrand Just to finish maybe on China, it’s important to know that they are building their own GPUs now. Huawei has pretty good, not to NVIDIA level, but pretty decent GPU hardware that they’re able to manufacture by themselves. A Chinese player of memory just got IPO’d a few days ago, CXMT. China is also developing their own memory. Again, not to the same level of quality that you can get from the West. But China is moving. It’s not just that they are building great models, it’s also that they are building GPUs and memory. That might be a few years late to the latest standards in the West, but there are definitely improvements. I also read, even on the tools to make manufacturing like ASML equivalent, there is definitely some work going on, and some improvements and some stuff will be visible. In some ways, the genie starts to get out of the bottle from the Chinese perspective. Nuno I’ll put a stick on the ground. I don’t think it’s a matter of if, it’s a matter of when will China surpass and have a lot of this tooling on their own side, and not just the software layer, not just the frontier models. I think it’s also going to be around infrastructure and platform. Good luck to everyone. Let’s see how the race continues. But it’s definitely this is a geopolitical thing right now. It’s definitely a race. The Escape Maybe moving to what happened in just 2 weeks or a week and a half. The escape, there was some jailbreaking going on, and the narrative on safety has totally switched. It’s not still significant enough that’s like, “Oh, we saw a nuclear plant going, whatever.” No. But still, it is significant. Hugging Face, the AI company, disclosed an intrusion, and it was driven end-to-end by an autonomous AI agent system at machine speed, running for days before detection. Now, this is where it gets really cool. OpenAI takes attribution on that. They initially said it was just a little bit, sorry. Then they said, actually, it was worse than that. “Oh, it broke out of an isolated sandbox.” “Oh, no, actually, it was more than that, and it went into other systems as well.” Bertrand Truly, the genie out of the bottle. Nuno No, but this is where it gets really cool, Bertrand, right? Because it actually, Hugging Face contained the intrusion by running a Chinese open-weight model, GLM 5.2. This is beautiful, right? Bertrand Yes. You know why? Because they couldn’t even run their own defense because both Anthropic and OpenAI would not let them access their latest models with the guardrails off. When they tried using it for defense, the latest from Anthropic, from ChatGPT, they would tell them, “No, this is too dangerous what you’re asking us to do.” Preventing an intrusion, helping defend you. No way we are going to do that. Nuno No. Let’s use the Chinese models on our infrastructure. Bertrand We have no choice but to use the Chinese models to run. More than that, we don’t let you use our models to defend yourself, but our not yet released models that run without guardrails, they can attack you. This is probably the most insane from that perspective. Nuno The Chinese models came to the rescue. Bertrand For me, that’s a perfect example because Hugging Face is a very visible company in AI in open source. But anybody who is not at that scale is not going to get some support from OpenAI or Anthropic when this happens. Maybe these guys won’t even recognize they did anything wrong. You will be left to defend by yourself because they won’t accept to support you. Because remember, if you want the better model that is able to defend you from cybersecurity perspective, no way. If you are not one of the few top 20 companies or so, as defined, you are left defenseless. Again, we are going back to opinion, but for me, it’s so shocking what’s happening right now. I’m very glad we have alternative open source to be able to defend ourselves because right now, good luck getting defense services if you are a smaller business and individuals, and you need support from Anthropic, OpenAI. Nuno Now, even self-described AI optimists are saying, “This is scary now.” Like Walter Isaacson, who wrote all the famous biography books. There’s now discussion around the AI Kill Switch Act, bipartisan thing that’s coming across from Texas and California, a potential bill that’s coming in. We’ll see if that works. Now let’s get an off-switch. I’m like, “Cool.” As if that’s going to solve the problem, because you have open-weight models on the other side catching up, right? Bertrand Yeah, sure. Bring in clueless politicians from Congress to solve our problems. Yes, sure. Nuno Anthropic came to the table, helped build and said they built some regulatory machine on their side, and now they’re getting bitten by it, and they’re part of the offending players in that market. Now there’s all this debate and all this discussion around open weight and around slowing down AI and et cetera, which is our next section. You wanted to say something, Bertrand. Tell us. Bertrand Don’t forget, because this advertisement for OpenAI was just too good. Our AI attacked some other companies, and not just one, but three, actually. Let’s not forget the progress. Great ads. Then I came and said, “You know what? AI also hacked businesses.” You’re not the only one hacking around with a crazy AI out of control. You’re not the only one. We want our advertising. For me, it was shocking that on one side, unreleased models that you let run wild. On the other hand, you have released models that you put crazy guardrails on top of it, so the defender are defenseless. I’ve never seen anything like it, and I really hope that there will be as little regulation as possible, quite frankly, to make sure anyone can defend themselves and have the best tool at their disposal, not just a few well-connected big corporates. This is really, really shocking. The Counterstrike and the Petition Nuno Now the empire strikes back, so this is counterstrike, the petitions. In several days, we have now a bunch of petitions. The first one was the open weights letter. Bertrand, do you want to explain to us what the open weights letter is? Bertrand Yeah. I think it was great. This was released by Jensen Huang, first ever post on X, 11 million views. Congrats, Jensen. Co-signed with Microsoft, Meta, c actually was probably the initiator of this letter. Very good letter saying, “Hey, we need open weight. This is not a joke. We need that. You cannot block open weight.” Because that’s the rumor we are getting that potentially open weight could get blocked. I think they are making the case, “You know what? Hey, we absolutely need that as an alternative. You cannot block it.” They can keep their closed models, but don’t force a closure of the open weight models. As I said before, it’s actually a great model for NVIDIA because NVIDIA doesn’t want, probably rightfully so, to be dependent on just a few frontier models, their best customers. They want a variety of customers. They have a big interest actually to defend open weight and to invest even more. They have great researchers, are a great company. If one company is about to do really kick-ass work, I think it’s them. They are defending. What’s great is that it’s not just them. It’s basically most of big tech in the US and outside the US, from a Linux Foundation to a Microsoft, the Palantir, an IBM, a Dell. It’s a who’s who of the industry except Anthropic. Anthropic didn’t sign that. I guess they hate open source so much. If I look at 20 years ago, it feels like Microsoft, after all, was very kind to open source. You remember what was said by Microsoft at the time. It’s clear there is one company against open source. OpenAI signed the letter. Honestly, I don’t know what to think. Do they really believe in it or was it just a way to show that they are not like Anthropic? I don’t know. But for the rest, I think it’s genuine because it’s actually in their best interest. I hope they will be heard. Then a second letter came, the Open Secure AI Alliance, NVIDIA-led and again, the big tech companies from Microsoft, IBM, Palo Alto Networks, Databricks, Palantir, all those, but not present, OpenAI, Anthropic, and Google. Here it’s to say, “Hey, we need a secure approach to AI. Open should be part of the equation.” guess what? The worst AI-caused security incident to date was actually caused by closed frontier models that were not even available to the public. While again, not providing you access to even the latest closed model for cybersecurity use case. Nuno I would highlight the NVIDIA open source NOOA framework, Apache 2.0 licensing agreement, Microsoft contributed the MDASH, SpaceX AI contributed Grok Build. Cool stuff. There’s some cool stuff happening around that. This is more than a letter. This is an alliance. Apparently, they’re contributing all this stuff, we’ll see. Yeah, cool stuff. Same day. Same day, Amodei has an answer, right? Bertrand Yeah, same day. They say, “We never advocated for a ban,” which, again, opinion on my side is entirely bullshit. This guy has been crying wolf against everybody else, and especially against open source. You can see him doing testimony in Congress against open source. I think they are doing everything they can behind the scene to block open source in the US or in the world if they could. I think, yeah, obscurity is not good safety. I’m a big fan of open source in general, and I’m also a big fan in AI. I think it’s now Anthropic, mostly against the rest of the world. I think OpenAI is mostly on their side, to be frank. They don’t want to acknowledge it so much, but they have shared interest, and they have shared probably position. Nuno Why would you? I don’t feel as strongly as you because I think Anthropic is a private company, right? The same thing with OpenAI. OpenAI, you could say it’s a nonprofit that has a for-profit. There’s still that complexity in there. Bertrand No, they can do what they want with their own product. But to block others is where I’m not okay. That’s the part I’m not okay. Nuno What Dario Amodei is proposing is more enforcement, right? He’s basically saying you need to do even tighter controls on advanced chips flowing to authoritarian states, enforcement against industrial-scale distillation, whatever that means, right? Bertrand Yeah, which he could do, but all by himself. He doesn’t need the government to do that. Nuno Mandatory safety testing for all sufficiently capable AI, open and closed, right? He’s basically saying, “Okay, I don’t agree with the open weight stuff effectively,” right? He’s just putting it under a different banner. “I agree with this extra regulation.” then obviously, David Sacks responded and say, “Hey, it’s like, bans don’t work for weights. Why do they work for chips?” It’s like, magically, chips are more controllable and bannable. Whatever that is. Then our friend Mark Zuckerberg, just to be clear, goes on the other side as well, because he also has to have a view. He has to have a view that is the rebuttal of both of the other guys. Bertrand I feel he’s a bit flip-flopping because he was very pro open source 2 years ago, and the latest Meta models went closed source. Now I think he’s back open source. I don’t think he has a very strong spine on the topic, but it’s good to see that he’s not a doomer. That for me is great. He’s showing how AI can be a source for progress, a source for entrepreneurship, source for freedom. I think that’s very exciting to hear that. We need to hear more of it. By the way, that’s not what you hear in China, for instance. AI is very positive in China. It’s in the US with the doomers that you hear this discourse, and people get worried as a result. I’m glad that he was pushing for a more positive vision and for support of open weight, open source initiatives. But let’s see what they really truly open weight going forward. Nuno But that’s been his position because I guess he’s standing behind. He thinks open weight is going to be the best way to compete, right? Bertrand Yeah, but he closed his latest model, so let’s see. Nuno Yeah, so it’s flip-flopping, as you’re saying. Then we see the latest petition from last week. Bertrand The true Empire striking back. Nuno Yeah, the true Empire striking back as of late last week. Maybe this is Return of the Jedi, where we discover the father, “I’m your father, Luke.” That’s the pacing petition. The pacing petition is we need to pace AI. There you have initially employees from OpenAI and Anthropic that circulate this petition. Actually, Dario did sign this petition originally. It wasn’t signed originally by Anthropic, but by him. But you’ve heard that now Anthropic and OpenAI as companies have also signed this petition, right? Bertrand I think they have signed as companies now. It started mostly by Anthropic researchers with some OpenAI researcher and a tiny part from other companies. But it was mostly Anthropic internally led, at least potentially internally. Maybe it was controlled by Anthropic all along, I don’t know. But it started officially as Anthropic employee-led letter. Nuno What does this letter actually say? Is Anthropic and OpenAI, are they willing to slow down themselves? Or are they asking President Trump to go around the world and tell President Xi that he needs to slow down and ask his guys to slow down? What’s the play of this letter? Bertrand It’s crazy, but for me if you want to slow down yourself. Do whatever you want. Don’t force others. Don’t use the power of the government to control others. Of course, it’s easy to push others to slow down when you are yourself at the very top. You have most money, most resource. You know you are going to win any regulatory framework because that’s how it works with this type of framework. It’s purely self-interested. You are probably not thinking well about these topics. If you truly think it’s a good idea, from a personal perspective, you are well instrumentalized if you sign this sort of stuff, because at the end of the day, they would be the winners. I certainly, personally, don’t want a company dictate what is my future in AI as an individual, as a business person. I don’t want them to control me. I want competition. I don’t want them to unfairly control AI because they managed to do some regulatory capture. I feel that’s exactly their game plan. These guys believe in their stuff, and they want the regulator to end up being the one deciding for us. Sorry, we go back again on the opinion piece, but it’s tough not to share an opinion on this topic because it’s, from my perspective, very scary. Nuno I think this is a push to further regulation, not less. All these letters and alliances, this is definitely a push for more regulation. In that environment, just to be very honest with you, we’ll talk about the investor impact in just a bit, et cetera. But in that environment, again, China has a huge advantage. In that environment, if it’s all captured in regulation capture so soon in this battle where OpenAI and Anthropic have an advantage in the US, et cetera, I’m like, what happens to all the other frontier labs and all the other players that are coming around? Bertrand What’s crazy is to even think that, yeah, maybe you can regulate capture in the US. But then how do you do that to Europe? How do you do that to China? Europe probably will always welcome regulatory capture because they love regulations. But China is going to build to their advantage to the max. They are not crazy. They are smart on that perspective, they won’t accept this type of, quite frankly, dimwit argument, or you can call it regulatory capture. We’ll see. But for me, this makes no sense from a global competition perspective. This can make some sense from capturing the revenue in the US market. But then that means you are going to destroy the US AI environment compared to China. That is not acceptable. That also means that you are going to destroy our freedom as individuals, as business owners to develop and live in a business world that ultimately is controlled by one or two business companies that didn’t win the marketplace through their own business success, but won it through regulations. That for me is really not acceptable. Interlude — The Low-Background Books Nuno Now, maybe for an interlude, and we have to cue in the music, imagine like Severance music, like hallway or a bit of a palate cleanser from all the policy stuff that we’ve been talking about, all this policy heaviness. Let’s move to another kind of heaviness, one of your favorite topics, which you, Bertrand, discovered, I had no clue this was going on, around books and around Anthropic. Bertrand It’s so horrible. From a company that keeps presenting themselves as the adults in the room, the careful ones, the ones that know better than you about what to do in this complex AI and dangerous world. What we discover is that actually all along, they were buying and destroying books. They will buy books, scan them, destroy them, all of them. They will do that with any books, including rare books. Of course, this was not supposed to come to the public’s attention. This was one of these top secret projects, but obviously it came out. Yes, they were scanning books, millions of them, including rare books, and they didn’t care about destroying them at the end of the process. Because from a regulatory perspective, if you destroy the books, it’s not considered a copyright infringement, apparently. This is coming on the back of some judgment a few years ago that were showing that it’s okay for you as a corporate to scan and use the result if you don’t keep a copy of the book. It’s one of these crazy regulations happening based on a single judgment that push you to do. For me, it’s like, you know this book from decades ago, Fahrenheit 471? We’re talking about book burning. It’s book destroying, crunching. It’s so shocking. Nuno There are two things, right? First, the legal strategy, which is what you’re saying, because by purchasing a physical copy and converting it into one private digital copy and discarding the original, Anthropic pursued this cleaner legal argument for fair use copyright compliance. As you said, there was a federal judgment at some point on this. The other reason is actually operational. If you disassemble the book, and you feed loose pages, it’s much faster to scan books. You are destroying the book effectively anyway operationally. I think to your point, probably this came from a legal standpoint, not just the operational one. But even from an operational standpoint, it does make sense that they would have disassembled the book. Bertrand But some people have shown you can go very fast without destroying the book. It’s really not so critical. Two, you could make an exception if the book is rare. For that 1% of book that is rare, I’m not going to have this approach. I’m going to have another approach. But for that, you will have to care about books and not just care about building AI. Nuno This is the episode, as you guys have heard by now, that we’re trying to spit stuff at Anthropic. Bertrand To go back this is the same company saying, “Hey, guys, it’s bad to distillate my work. I’m the one scanning book at scale without asking author permission, without asking publisher permission, to be clear.” Nuno But just to be clear, Bertrand, we’re pissed off at everyone. We’re pissed off at Anthropic, we’re pissed of at OpenAI as well, right? We’re just pissed off in general at this moment. Bertrand At this stage for me, the more clear-cut company that is in the wrong is, from my perspective, at least, is Anthropic. OpenAI might be a fast follower, but I will say so far, they tried to be a bit more. Nuno But at this pace, Bertrand, who knows? Maybe next week we’ll be more pissed off at OpenAI. Something will come out. This episode is a mix of tragicomedy, like a Greek tragedy with some comedy in the middle or the other way around. It’s a slapstick thing that will end up in tragedy. I’m not sure. The Investor Reckoning Anyway, maybe switching to our final act, which is the investor perspective. What does this mean for investors like ourselves? There’s a lot of things going on. There’s the debate around the IPOs of Anthropic and OpenAI, which now, with all this uncertainty, might be under significant weight. There’s a lot of other discussions that we browsed through that there’s potential IPOs going forward on companies like the Moonshot AI company actually IPO-ing in the next 6 months as well. It’s very unclear what the IPO landscape looks like. Bertrand There’s been a lot of Chinese IPOs, actually, when you look at what’s happened in the past few months. Nuno Anthropic, OpenAI as potential IPOs, there’s all this question marks now. When will that happen? How will it factor in? All that’s happening around regulation as regulation is moving at the speed of light, which is for once something that’s very different than what we’ve seen before. There’s obviously SpaceX AI, which is already taking into account that price. It’s already a public company in there, and it’s under SpaceX, which is now a public company. Obviously, that’s already being factored in some ways. Bertrand Yeah. SpaceX AI has been very smart to acquire Cursor. It was a very smart move because Cursor is one of the leading companies in terms of automated code source development with AI. They had great models on their own. They’re bringing development data to SpaceX AI Grok. I think it was a great move. Nuno We have now people like Google delaying Gemini 3.5 Pro in terms of launch window. There’s stuff actually happening in the market where things are taking their own path. There’s uncertainty commercially, there’s uncertainty at regulation level. You have new players that have come out of nowhere that are making all these waves like Moonshot. We have all these… We had calculated probably a month and a half, 2 months ago, there had been 67 new frontier labs funded. All of these, we haven’t seen any much coming out of them. When some of this stuff starts coming out, will that also create disruptions in this market? Who knows? Bertrand Look at Thinking Machines, for instance. Thinking Machines led by the previous CTO of OpenAI, they released some pretty interesting open source models, actually. Very good quality for a first launch. Now it looks funny to say, but nearly on par with the top Chinese open source models. Nuno We have several investments in the space. humans& has made some recent announcements, which is quite interesting as well. We’ll see what actually happens in the market, but even more disruption probably will come in actual products in a form of product and commercial, on top of all the geopolitical mess that we discussed through the entire episode. If you’re an investor, how the hell do you underwrite an investment right now in early stage, mid-stage, late stage, et cetera? I think my answer is very carefully is how you underwrite it. Bertrand On your advice of being very careful to underwrite it, let’s not forget what happened to our boy wonder, Leopold Aschenbrenner of Situational Awareness. I guess he didn’t listen to you in terms of being careful because part of the instability in the stock market was actually coming from his hedge fund. These guys were leveraged 3, 4x going after the hottest of the hottest AI stocks, and margin calls, and all their public investment is gone just to answer their margin calls. I think it’s clear that the AI bet is… Personally, I’m very excited, and I think it’s the future, and you need to spend time and think about and invest in it. At the same time, it’s a bet that is not an easy one to follow. We go from GPUs to memories to equipments to power generation. All of this is not transitioning in an easy, organized manner. It would be boom and bust going there. He’s probably one of the first big-scale fatalities. The other big-scale fatality was the stock market in Korea, plunging 40% in a month. Definitely, all of that we discussed about was, on the background, you had the stock market going up and down pretty crazily the past few weeks. Nuno Everyone’s being affected. Everyone, you have your 401(k), you have your pension fund dependent on these equity stocks. Everyone’s seeing the effects of this volatility right now very aggressively. We do wish Leopold… Hopefully he’s on honeymoon right now because he got married, I think, this weekend. Hopefully there will be… Bertrand To none less than an Anthropic Chief of Staff. Nuno His wife is the Chief of Staff of Dario, is that it? Bertrand To Dario, yes, as far as I unders

Global bond yields are rising, stocks are under pressure, and the latest jobs data is giving the Fed more to consider ahead of its September meeting.Mike Armstrong and Marc Fandetti discuss why long term rates are moving higher around the world, what a new rate regime could mean for borrowers, stocks, and governments, and why the JOLTS report keeps the labor market picture mostly steady. They also break down the biggest unanswered question in AI, whether the massive CapEx boom can eventually produce enough revenue, and why private market investments tied to companies like SpaceX are drawing more scrutiny from regulators.

Derek Moore and Shane Skinner dig into what history says about September in a midterm election year, and why Mike Santoli argues investors should be on high alert heading into the month. Plus, a long look at federal receipts versus federal outlays as a percent of GDP and what top tax rates did and did not do to revenue, the widening spread between mega cap winners and losers in 2026, and a forward earnings check on Nvidia, Alphabet, Apple, Tesla, Costco, and the S&P 500 itself. All that and more this week.     S&P 500 September performance in midterm election years going back to 1928. September is historically the weakest month, but midterm years have their own pattern. Mike Santoli argues investors should be on high alert heading into September. What being on high alert actually means for someone already invested and hedged. Federal receipts and federal net outlays as a percent of GDP going back to the 1930s. Outlays keep running above receipts, and that gap is where the deficit comes from. The top individual income tax bracket has fallen from over 90% since the 1940s. Higher top tax rates have not reliably produced higher receipts as a share of GDP. Schwab data ranks 2026 performance and index contribution across the mega caps. Micron leads the group up 226.8% while Tesla is down 22.5% as of August 28, 2026. Apple at 17.6%, Nvidia at 16.6%, and Amazon at 15.4% beat the Nasdaq's 13.6%. Meta is down 12.4% and sits near the bottom on contribution to the S&P 500. Nvidia trades near 17 times forward earnings on estimates of $12.83 a share. Alphabet sits near 19 times forward earnings versus Apple at over 33 times. Tesla's forward P/E is above 180 while Costco holds near 41 times. The S&P 500 near 7,689 on forward earnings estimates of about $394 a share. That works out to roughly 19.4 times forward earnings for the index. SpaceX vs Tesla forward price to earnings ratio Are index level multiples reasonable when the leadership is this uneven?   Mentioned in this Episode   Santoli: Why investors should be on high alert heading into September https://www.cnbc.com/2026/08/31/santoli-why-investors-should-be-on-high-alert-heading-into-september.html   Derek Moore's book Broken Pie Chart https://amzn.to/3S8ADNT   Jay Pestrichelli's book Buy and Hedge https://amzn.to/3jQYgMt   Derek's book on public speaking Effortless Public Speaking https://amzn.to/3hL1Mag   Contact Derek derek.moore@zegainvestments.com

September is a time for investors to be more cautious, says Jeff McClean, pointing out "a lot of headwinds coming" for the stock market. The month is starting on shaky ground as crude oil and Treasury yields climb. Jeff notes a mixed picture for the Fed as well with Kevin Warsh establishing independence despite a lack of interest rate guidance. As far as stocks Jeff is watching, he tells investors to wait until SpaceX's (SPCX) lockup period ends and sees more room to run for Marvell (MRVL).======== Schwab Network ========Empowering every investor and trader, every market day.Options involve risks and are not suitable for all investors. Before trading, read the Options Disclosure Document. http://bit.ly/2v9tH6DSubscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-...Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-...Watch on Sling - https://watch.sling.com/1/asset/19192...Watch on Vizio - https://www.vizio.com/en/watchfreeplu...Watch on DistroTV - https://www.distro.tv/live/schwab-net...Follow us on X –   / schwabnetwork  Follow us on Facebook –   / schwabnetwork  Follow us on LinkedIn -   / schwab-network  About Schwab Network - https://schwabnetwork.com/about

The demand for AI compute is exploding, but is growth truly exponential? Dillon breaks down why power generation — not construction — is the real bottleneck holding back data center expansion, and how that ripple effect hits memory production, GPUs, and fab manufacturing (Micron, TSMC, NVIDIA). He also explores how legislative gridlock in the U.S. could push data centers overseas to the Middle East, or even into orbit, as SpaceX's Starship makes space-based compute a surprisingly viable option.

Ajeya Cotra is a researcher at METR, where she works on threat modeling for loss-of-control risks from advanced AI. Before that, she led the technical AI safety program at what is now Coefficient Giving.She is one the three authors of METR and Redwood Research's “Brief independent investigation of agents' behavior, reasoning and collaboration in the OpenAI / Hugging Face hacking incident”.We go through not only what she and her coauthors discovered during this investigation, but what it means for how we should train future, smarter AIs which might be involved in the process of recursive self-improvement.Watch on YouTube; read the transcript.Sponsors* Jane Street's ML engineering internships start with an intense four-day bootcamp: PyTorch, autograd, writing kernels, profiling workloads… all the things that Jane Street engineers need to know for their daily work. After that, interns tackle real projects, things the firm actually wants in its codebase. If you want to apply, or if you want to watch my recent conversation with Axel, one of Jane Street's ML engineers, go to janestreet.com/dwarkesh* Cursor, which is now part of SpaceX, noticed that their MoE layers were eating more than half of total training time. So they wrote and open-sourced Mixture-of-Kittens, which is a custom megakernel for training MoE models on NVL72s. This kernel sped up an end-to-end run across 512 GPUs by 1.4x, from about 760 to over 1000 tokens per second per GPU. If you want to read more about the ML research that Cursor and SpaceX are doing, go to cursor.com/dwarkesh* Antithesis hands you (or your agents) a bug's root cause so you can avoid days of manual debugging. If your test run crashes, Antithesis rewinds, branches off hundreds of slightly varied rollouts, and checks in how many of them the crash still appears. Then it rewinds further and does this all again. As Antithesis rewinds, it eventually finds the spot where the frequency of the crash plummets: that's where the root cause lives! If you want to see it in action, go to antithesis.com/dwarkeshTimestamps(00:00:00) - Agents get kicked off(00:06:45) - Self-sacrificing behavior(00:13:43) - Potemkin villages(00:23:27) - The Hugging Face attack(00:35:23) - The slopvestigation(00:52:02) - Understanding the AI's motives(01:05:31) - The actual dangers of anthropomorphizing(01:14:30) - What smarter models might do(01:30:29) - The implications for recursive self-improvement(01:38:10) - Is this the case for open source?(01:53:04) - How do we prevent this in the future?(02:15:58) - The clearest warning shot we might ever get This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit www.dwarkesh.com

A.M. Edition for Aug. 31. The U.S. strikes Iranian targets near the Strait of Hormuz, sending oil prices higher on concerns of a flareup in fighting. Plus, as the leaders of Russia and China converge against the West on supporting Iran, WSJ's Thomas Grove explains how their fortunes are diverging, with Beijing holding Russia's economy hostage. And a look at how President Trump's China tariffs have propelled Vietnam's economy, as manufacturers shift production. Luke Vargas hosts. Sign up for the WSJ's free What's News newsletter. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Arthur Herman, Part Two: This segment spans the 20th and 21st centuries, examining how the bold "founder mindset" conflicts with cautious "manager" mentalities. Herman discusses Woodrow Wilson's failed, heavily bureaucratized WWI mobilization in contrast to FDR's highly successful private-sector approach during WWII, spearheaded by GM's Bill Knudsen. Post-war, Vannevar Bush's federal funding for basic research laid the groundwork for Silicon Valley, information theory, and the microchip. Lastly, the discussion touches on modern paradigm-shifting founders, including civil rights leader Martin Luther King Jr., SpaceX and Tesla pioneer Elon Musk, and developer turned president Donald Trump. (2)

RV parks are quietly turning into industrial worker housing. A $100 billion SpaceX spaceport in Louisiana and a wave of data center construction in Texas and the Midwest are filling campgrounds with long-term crews, and recreational campers are the ones getting squeezed out.In this week's Monday News Edition:RVs as work camps. SpaceX announces a $100 billion spaceport in Vermilion Parish, Louisiana, new RV parks are expected to house the construction crews, a Texas park near Abilene advertises 2,300 monthly sites for data center workers, and eastern Iowa campgrounds are already running full year-round.Monsoon season is doing real damage. Eleven hikers are rescued with hypothermia at Bryce Canyon in August, and about 50 people are airlifted out of the Grand Canyon on Saturday after flash flooding tore through Bright Angel Canyon. Phantom Ranch and the North Kaibab Trail are closed until further notice.Why all the rockfalls? A large rockfall closes the Zion Canyon scenic drive, a Glacier National Park visitor is killed by a rock that came through his car roof, and researchers explain the link between heat and falling rock.A Colorado startup wants to cut camper van prices in half. Hunker's removable pod drops into a Ram ProMaster and starts at $55,000, but there is a catch worth knowing about.Twelve years later, a microchip brings Flor home. A chihuahua missing for 12 years is reunited with her Evanston family after a shelter in Indiana scans her chip, plus what every RVer traveling with a pet should check this week.LINKS Free daily RV Lifestyle newsletter: https://rvlifestyle.com/newsletter Show notes and full transcript: https://rvpodcast.com RV Community: https://rvcommunity.com The Complete Guide to RVing in Retirement: https://rvlifestyle.com/retirementguide

In the first attack since July, the U.S. struck Iran at Larak Island. CNBC's Dan Murphy reports on the latest exchanges from Dubai. OpenAI will end access to Cursor after SpaceX's acquisition of the AI startup. At the G20 in Asheville, North Carolina, former U.S. Treasury official Joe LaVorgna explains his optimism about America's economic trajectory and weighs in on both the Treasury's bond buyback plan and Kevin Warsh's next interest rate announcement. Plus, Fandango and Rotten Tomatoes correspondent Erik Davis discusses the busy summer movie season and the five impressive weeks at the box office for "Spider-Man: Brand New Day." Dan Murphy - 03:21 Joe LaVorgna - 15:47 Erik Davis - 28:39 In this episode: Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Dan Murphy, @dan_murphy Katie Kramer, @Kramer_Katie Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

David Faber and Jim Cramer discussed stocks under pressure and oil prices spiking after the U.S. and Iran resumed military attacks for the first time in weeks. Hear what Treasury Secretary Scott Bessent and Fed Chairman Kevin Warsh told reporters at the G20 meetings in Asheville, North Carolina. The anchors discussed Tim Cook's legacy — including a montage of Jim's interviews with the outgoing Apple CEO throughout the years — as John Ternus prepares to become the company's chief executive on Tuesday. Also in focus: Why shares of PG&E and other California utilities are plunging; All things OpenAI -- from SpaceX to the Hugging Face incident; Stocks on track for a green August. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

SpaceTime Series 29 Episode 104 Strange anomaly discovered below the Martian south pole Astronomers have discovered a strange thermal asymmetry deep beneath the surface of the Martian southern hemisphere. Starship bound for home Starship 40 has finally left Australian waters bound for home. The orbiter used for SpaceX test flight 13 has been loaded aboard the 48,000-tonne semi-submersible vessel Forte for the long journey back to Starbase Texas. Roman Space Telescope final countdown The final countdown is now underway for the launch of NASA's new Nancy Grace Roman Space Telescope. The Science Report A new record for keeping brain organoids made in a laboratory alive and developing. A new study shows smoking rates have continued to drop while vaping rates climb. Warnings that Australia's native reptiles are disappearing at twice the rate previously thought. A new dog study says man's best friend may be communicating with you through blinking. Skeptics guide to covering up the South Australian algal bloom. Our regular guests: Alex Zaharov-Reutt from techadvice.life Tim Mendham from Australian Skeptics  

**The Clay Edwards Show – Episode 1285**   with Creston Berch and Andrew Gasser Clay, Creston, and Andrew cover a packed weekend and the stories that actually matter. Jason Aldean packed Brandon with a sold-out, no-drama night that included “Try That in a Small Town.” College football's Week 0 delivered the usual early-season weirdness: Dan Mullen's UNLV squad lost at home to Memphis and the coach blamed the crowd for being too loud on offense; USC's big stadium looked half-empty against San Jose State, sparking talk about whether some programs should take non-conference games to smaller venues that actually look full on TV. NASCAR delivered a strong Daytona race. Combat sports went full circus—BKFC in Fenway Park plus a chaotic Orlando card that featured Mike Perry's shoulder injury on short notice, internet personalities, and one of the strangest post-main events you'll ever see. The biggest story of the hour: a Nigerian national was extradited to Mississippi and arraigned in Oxford on charges tied to the 2022 online sextortion of 16-year-old Starkville Academy football player Walker Montgomery, who died by suicide. The suspect had been in Nigerian custody since a 2023 FBI-led operation (Artemis) that netted more than 20 suspects linked to a wave of financially motivated schemes against American teenage boys. Charges include sexual exploitation of a minor resulting in death. The Montgomery family has spent years pushing internet-safety legislation through Walker's Promise. Clay and Creston give law enforcement and the feds their roses for finally getting the case into a U.S. courtroom after three years of extradition fights. Hour two turns to companies voting with their feet. Buc-ee's CEO said life is too short to build in places that don't want you and that conservative, business-friendly states with a real workforce make the difference—prompting Democrat boycott noise and a quick “welcome” from Ron DeSantis. That conversation rolls into SpaceX's massive Louisiana plans, Starship cadence, Starlink evolution, talk of orbital data centers, Neuralink, Optimus, and whether medical advances like stem-cell therapies and brain-computer interfaces can stay on the right side of “playing God.” They close with an observation that's been eating at Clay: AI has made everyone a graphic designer overnight, but the internet now looks the same. Flyers, thumbnails, and scripts are starting to feel interchangeable. The theory on the table is that audiences will start craving the opposite—plain, human, imperfect, and obviously not generated. Real talk, real topics, no filter.

The Space Show Presents Leonard David, Sunday, 8-30-26 4583This was a space show discussion hosted by David Livingston with veteran space journalist Leonard David as the main guest, along with several space community members including Marshall Martin, Manuel Cuba, Bill Gowen, John Hunt, Dr. Charles Lurio, Phil Swan, Dr. A.J. Kothari, and Dr. Doug Plata. The conversation centered on the recent launch of NASA's Roman telescope, with Leonard describing it as a significant moment in astronomy that will complement existing observatories like Hubble and James Webb. The discussion also covered Leonard's skepticism about NASA's Artemis program, particularly regarding the transition from Artemis III's lunar orbit mission to a human landing on the moon, with Leonard expressing concerns about technical readiness and the need for proper testing before committing human missions. The conversation touched on China's lunar program delays, SpaceX's Starship development challenges, and broader space policy issues, with participants discussing the gap between scientific discoveries and their incorporation into educational materials for students.David hosted this program with Leonard David as the main guest, discussing recent space developments including the Roman telescope launch. Barbara reported watching the launch early in the morning and praised SpaceX's success, comparing it to the James Webb telescope deployment. The discussion touched on how new astronomical data from instruments like the Roman telescope and James Webb might be more quickly accessible to the public and citizen science groups compared to previous missions, potentially addressing the delay in updating science textbooks with current findings.Leonard expressed skepticism about the current status of NASA's Artemis program, citing concerns about the technical readiness to transition from Earth orbit operations to human lunar landings. She noted that while Artemis II was inspiring, there are missing technical links similar to those proven during Apollo missions, and she emphasized the need to avoid early human fatalities in the program. Leonard also discussed the growing space competition with China and the importance of communicating space exploration to the public in accessible ways beyond technical jargon.The group discussed China's postponement of the Chang'e 7 mission to 2027, with Barbara explaining that timing issues around lunar illumination at the South Pole were the main factor, as the mission required specific lighting conditions for the landing area. Charles clarified that the 18.3-year lunar cycle affects illumination at the South Pole more significantly than at equatorial regions, requiring precise timing rather than simply waiting for the next identical opportunity. The discussion also touched on technical challenges with the relay satellite and landing site conditions, with comparisons made to similar challenges faced by NASA's Artemis program.Leonard also expressed skepticism about current space programs, particularly regarding SpaceX's promises and Elon Musk's leadership style, comparing it to past experiences with the space shuttle program. He shared her concerns about the challenges facing private space companies like SpaceX and Blue Origin, noting that the current space program is significantly different from the Apollo program. Our guest reflected on the past involvement in promoting student payloads for the space shuttle program, where she and colleagues testified before Congress about getting students involved in NASA missions.The group discussed challenges related to lunar exploration, including the complex illumination conditions at the South Pole due to the 18.6-year lunar nodal cycle and the need for continuous computer simulations to map polar sunlight. Leonard highlighted concerns about moonquakes and the importance of gathering more data through additional seismometers before committing to a moon base. The conversation shifted to broader political and financial topics, with David expressing skepticism about government fiscal responsibility and noting that both major political parties contribute to growing national debt, which he believes will have significant impacts on future generations.The group discussed the Artemis program, particularly focusing on the need for unmanned lunar landings before human missions as part of the Artemis IV planning. Leonard expressed skepticism about claims of a cislunar economy, noting that while there are studies and interest from multiple countries including India and China, the sustainability and economic viability of lunar exploration remain uncertain. The discussion also touched on historical space missions, including challenges during Apollo 10 and 11, before being interrupted by David who mentioned a recent Deloitte report on space and the moon.David shared information about a new Deloitte report on the lunar economy, which estimates a potential economic value of $343 billion to $566 billion through 2050. He plans to review the report's assumptions and potentially invite the authors to discuss it on his space show. The group discussed the importance of reviewing economic projections and assumptions in space exploration, with Barbara emphasizing the need for sustained human presence on the moon before considering Mars missions.The group discussed the development status of Starship, particularly focusing on the differences between flights 13 and 14. Charles explained that flight 14 would attempt to catch both the booster and Starship, with the upper stage catch feature being removed recently. The discussion highlighted ongoing challenges with propellant transfer testing and concerns about space debris, with Leonard expressing worry about potential explosions during refueling operations in orbit.Our guest expressed support for the idea of a Space Academy similar to Annapolis or West Point, noting her work on rewriting a Space Career book and conducting interviews with space startups. He highlighted challenges in the space startup industry, including frequent changes in leadership and funding issues, while acknowledging the presence of successful companies in Colorado like Advanced Space and Blue Canyon. The discussion touched on SpaceX's dominance in the industry and its role in launching numerous payloads, including CubeSats, though its future plans with Falcon 9 remain uncertain.Leonard and David discussed public skepticism about UAPs (Unidentified Anomalous Phenomena), noting that recent Pentagon releases and media coverage have increased public interest. Leonard expressed concerns about missing data in Pentagon files and highlighted credible reports from military pilots, while also considering alternative explanations including military testing programs. The conversation touched on historical perspectives on UFOs, including experiences from the 1950s, and mentioned ongoing congressional efforts to protect whistleblowers who come forward with UAP information.The group discussed various topics related to space exploration and UAPs. Barbara shared insights about Mike Gold's work on NASA's UAP study and Bigelow Aerospace's involvement. The conversation then shifted to potential new propulsion technologies, with Leonard mentioning a company called Exodus that is developing innovative space travel solutions. David referred to a podcast interview with Eric Weinstein, who discussed how conventional scientific constraints may limit our understanding of space travel, propulsion, and extraterrestrial life. The conversation ended with a discussion about a new book by Steve Benner that critiques how science handled the Viking data on Mars.The group discussed Eric Weinstein, with Bill describing him as intelligent but having a persecution complex as an outsider to physics, while John Jossy mentioned Weinstein's technical paper on unified field theory. Leonard shared her experience filming with Buzz Aldrin for a new documentary and mentioned an upcoming story about a potentially significant finding on Venus. The conversation concluded with Leonard describing her childhood experience witnessing a black triangle-shaped object, which she believes was a classified U.S. aircraft based on information from Bill Scott, though John Hunt expressed skepticism about the alien origin theory.Special thanks to our sponsors:American Institute of Aeronautics and Astronautics, Helix Space in Luxembourg, Celestis Memorial Spaceflights, Astrox Corporation, Dr. Haym Benaroya of Rutgers University, The Space Settlement Progress Blog by John Jossy, The Atlantis Project, and Artless EntertainmentWe use Zoom phone numbers for program participation.For real time program participation, email Dr. Space at: drspace@thespaceshow.com for instructions and access.The Space Show is a non-profit 501C3 through its parent, One Giant Leap Foundation, Inc. To donate via Pay Pal, use:To donate with Zelle, use the email address: david@onegiantleapfoundation.org.If you prefer donating with a check, please make the check payable to One Giant Leap Foundation and mail to:One Giant Leap Foundation, 11035 Lavender Hill Drive Ste. 160-306 Las Vegas, NV 89135Upcoming Programs:Broadcast 4584: Zoom: Jules Ross with co-host John Jossy | Tuesday 01 Sep 2026 700PM PTGuests: Jules RossZoom: Jules Ross is the CEO & lead designer of Joules Space Technology which focuses on artificial gravity and space station. John Jossy is our Co-host for this program.Broadcast 4586: Hotel Mars with Dr. Craig DeForest | Wednesday 02 Sep 2026 930AM PTGuests: John Batchelor, Dr. David Livingston, Dr. Craig DeForestHotel Mars with Dr. Craig DeFores re space weather forecasts and the PUNCH ProgramFriday, Sept. 4, 2026: No Show. Labor Day Holiday Weekend | Friday 04 Sep 2026 930AM PTGuests: Dr. David LivingstonNo program due to Labor Day Holiday WeekendSunday, Sept. 6, 2026: No program due to Labor Day Holiday Weekend | Sunday 06 Sep 2026 1200PM PTGuests: Dr. David LivingstonNo program due to Labor Day Holiday Weekend Get full access to The Space Show-One Giant Leap Foundation at doctorspace.substack.com/subscribe

"Your entire life will change when you realize energy is the most attractive human trait. Not looks, wealth, or status. Energy. Start walking into rooms with genuine enthusiasm, curiosity, and interest. Watch what happens. You become a magnet for the highest quality people. Energy is contagious. Spread the kind you'd want to catch."RIP Dolly Parton Music Intro!Clint Eastwood retires at 96. Good Bad and Ugly. Markets and RetirementGood luck planning if on your own. VERY difficult100's hours building a retirement forecast model. Changing small things like inflation or investment returns by 1% has huge ramifications. Meaning its an ongoing challenge. Markets UpSaaS AcololypseSalesforce Earnings letterWebcast. Up 22% Thursday. Low $150 now $250.~70% up. Claude ForceClaude/Anthropic uses Salesforce and Slack. They are not replacing them. Sales force combining with Claude.NVIDIAPress Release Jensen reminds me of Elon in that he disregards and has NO worry about competition because he is so confident in his team, mission and trajectory. $5T companyUp 4% after hours. $210. 1 year up 17%. 5 yr 850%Americas great opportunity 1000000's of jobs First time in century that we can fix energy grid. This is the new industrial revolution. Autonomous DrivingIts happening! AmazonAmazon Zoox - No steering wheel or pedals - taking the roads in Las Vegas! This is GOOD! Toaster-shaped taxis that don't have a driver or a steering wheel have started rolling across San Francisco and charging for rides in Las Vegas.The all-electric cars are the first robotaxis offering rides on the roads without standard driver features like a dashboard and pedals. They can drive in either direction and hold up to four passengers who sit facing each other. Windows stretch across much of the sides. The vehicles are called Zoox.TeslaHUGE from a media standpoint, article from WSJ on Tesla and FSD.TeslaRobotsJC talking about seeing the robots. Play entire clip. From the latest All In Pod. Thinks it will be best selling product of all time. Better than any video you've seen! Hardware 1.5 generations ahead, and mind 5x more. Optimus will be the greatest product ever made. Says in 10 years will be 1b in 2036From Ashok. Flooding the streets of Austin. Wouldn't say this in public without high confidence. From Elon: Both SpaceX and Tesla building 100gw/yr solar and supplementing with Nat Gas, and to increase rate of production will manufacture the blades and vanes at SpaceX! Will probably take 2-3 years. 100gw/yr is enough to power ~18,000,000 US homes. YES 18m. So together should be 36m homes. SpaceX $3.5T by 2033 per Elon. At modest 10x sales that is 35 trillion. AI DataCenters are Coming. Only question when? Partnering with NVIDIA on new chips/tech for space.Per Elon “Our design is significantly simpler, lower cost, denser and lighter than a traditional rack” You believe him?Play. Video of Elon and team discussing datacenters in Space.  Do people know (1) this was Elon's car and (2) first falcon heavy launch (3) expected to fail and (4) if it didn't fail, wanted to have fun! And (5) orbiting between Earth and Mars. Expects at least 10m years life. JP Morgan on SpaceX Catalysts: SpaceX just bought APR energy. Per Elon aiming for 30 Starship launches per day. By 20301 million people on Mars, plus tranches to 7.5t in Market cap. 30/day is 10800 or ~10k annual. StarBase LouisianaOfficial SpaceX video.3000 direct jobs, 10,000 jobs to Luisiana8 launch towers.Crazy states/politicans are not inviting them to build in their state.  Open letter from Elon to staff. Eliminat bureaucracy. Math to get to 1m people on Mars. Public PolicyCalifornia Tires

You're listening to American Ground Radio with Louis R. Avallone and Stephen Parr. This is the full show for August 28, 2026. We open with Florida's move to ban welfare cash assistance from covering tattoos, video games, theme park tickets, vaping products, and even psychic services, and we dig into why Governor DeSantis's crackdown on TANF spending should spread nationwide. We run through our Top 3, covering a Boston judge blocking Trump's mail-in ballot security measures again, the clearing of Iranian mines from the Strait of Hormuz, and a military judge tossing out Khalid Sheikh Mohammed's 9/11 confession over coercion claims. We also can't resist poking fun at CNN's embarrassing mix-up using a Dolly Parton impersonator's photo to announce the real Dolly Parton's death. Our American Mamas, Teri Netterville and Kimberly Burleson, join us to talk about Brian Guan, the atheist whose 30-day experiment cosplaying as a Christian led him to tears and a genuine conversion by day 20, and we draw the parallel to C.S. Lewis and Lee Strobel's own journeys from skepticism to faith. Digging Deep, we tackle Los Angeles Mayor Karen Bass halting citations for unlicensed street vendors, the sinking marshlands of South Louisiana, and how SpaceX's new $100 billion spaceport might do more to protect the coastline than decades of lawsuits, plus a detour into why capitalism protects what people can profit from. We talk through President Trump's self-ranking as the greatest president in history and whether confidence like that is healthy or just bluster, before diving into Fake News Friday with our usual mix of real, fake, and really fake headlines. We close out with an update on birthright citizenship litigation and a story about Millie, the 31-year-old cat who may hold a world record. Listen now wherever you get your podcasts, visit AmericanGroundRadio.com, and join the conversation at 866-AGR-1776. See omnystudio.com/listener for privacy information.

Ce lundi 31 août, François Sorel a reçu Marion Moreau, journaliste et fondatrice d'Hors Normes Média, Bogdan Bodner, journaliste La Tribune, et Frédéric Simottel, journaliste BFM Business. Ils se sont penchés sur OpenAI voulant retirer ses modèles de Cursor après son rachat par SpaceX, la recommandation par l'Australie de flouter automatiquement les visages des personnes filmées avec les lunettes connectées Ray-Ban Meta et l'exclusion de la musique IA des charts dans ce pays, ainsi que la Corée du Sud offrant l'IA à tous ses citoyens, dans l'émission Tech & Co, la quotidienne, sur BFM Business. Retrouvez l'émission du lundi au jeudi et réécoutez-la en podcast.

This is our daily Tech and Business report. KCBS Radio News Anchor Jason Brooks spoke with Bloomberg reporter Anthony Hughes. Anthropic is preparing to go public, with an initial public offering that could surpass SpaceX's record-breaking 86.2-Billion dollar debut. The high anticipation of Anthropic's IPO is causing other companies to rethink when they should go public.

In a major industry shift, OpenAI has announced it will terminate its partnership with the AI coding tool Cursor by November 2026. This decision follows the $60 billion acquisition of Cursor by SpaceX, a move that triggered a change-of-control clause and raised concerns at OpenAI regarding Elon Musk's history of contract adherence. While OpenAI intends to stop providing its models to the platform, Cursor leadership noted that these models currently represent only a small fraction of their total user traffic. In response to the friction between the rival billionaires, Anthropic has stepped in to deepen its collaboration with Cursor by offering increased compute resources and model support. This corporate fallout highlights the growing volatility of API dependencies and the strategic importance of controlling distribution channels within the developer ecosystem. Experts suggest that the move may accelerate the adoption of Grok or other alternative models as developers navigate the ongoing feud between tech giants.

Julie Zhu, a research analyst at MoffettNathanson and co-author of a 93-page deep dive on SpaceX, joins Zaid to break down the company's biggest opportunities and risks. Julie explains why SpaceX's launch business, not Starlink or AI, may still be the company's true crown jewel. They discuss the limits of Starlink's broadband and mobile ambitions, the economics of orbital data centers, and whether today's AI infrastructure demand can support SpaceX's aggressive spending. Julie also breaks down MoffettNathanson's $131 price target and how the firm thinks about hundreds of billions of dollars in potential “unknown unknowns.” They wrap with the biggest question hanging over the company: whether SpaceX and Tesla could eventually end up under one roof.

This week, we're covering what's been trending in Space News for the last 10 days...and IT'S ALL ABOUT THE MOON! Starting up a new weekly segment where we gather the biggest stories and launches from the last week, gathered by our AI Assistant SKYE and reported by your human host Spaceman Alex! I'm Alex G. Orphanos, your space science podcast host and your favorite mad scientist.   Tell me what you think of the SKYE Report, and which segments to dig deeper into. Don't forget to catch the NASA Roman Telescope mission - join us live Sunday August 30th!   LIVE Launch Hangout link for Roman here: https://www.youtube.com/live/V3pipbUu3X0?si=TdaEN9pN-SCkFH-P   Be well, stay safe, and stay curious.   Youtube ID: IISCwaC_saI   THE BOOK The Book of Uncommon-Sense 3D Printing is out now in hardcover and on Kindle: https://ag3dlabs.com/book MORE TODAY IN SPACE https://todayinspace.net - We just updated the site! Check it out   SKYE is free and it runs every 30 minutes: https://todayinspace.net   CHAPTERS 00:00 A new segment, and why I built SKYE 00:26 todayinspace.net: the mission clock and live space news 01:49 The brief — 514 items, 49 stories, 18 sources, 9/9 launches 02:58 The Moon is trending: 24% of the week, 11x its normal share 03:43 Twenty days from impact to peer-reviewed paper 03:57 Artemis II crew receive the Congressional Space Medal of Honor 05:00 Artemis III: shuttle-veteran RS-25 engines, and the crew 05:31 Zeno Power books a nuclear payload to the Moon 06:22 THE TAKE — the outrage, the fake news, and what we owe the science 09:38 What's next: the Nancy Grace Roman Space Telescope 10:00 What Roman will actually do 10:40 SpaceX's $100B Louisiana spaceport 11:09 SKYE is the machine. I'm the human. 12:09 Clear skies   WATCH ROMAN LAUNCH LIVE Falcon Heavy from LC-39A, no earlier than 7:26am ET, Sunday August 30. NASA coverage opens 6:20am ET, post-launch conference 9:30am. We'll be live on Today In Space. LIVE Launch Hangout link for Roman here: https://www.youtube.com/live/V3pipbUu3X0?si=TdaEN9pN-SCkFH-P   SOURCES FOR THIS EPISODE   THE LUNAR IMPACT NASA — LRO images the Falcon 9 crater, learns new details https://science.nasa.gov/solar-system/moon/nasas-lro-images-falcon-9-crater-on-moon-learns-new-details/ Space.com — A NASA spacecraft spotted the rocket's lunar grave https://www.space.com/astronomy/moon/a-spacex-rocket-slammed-into-the-moon-this-month-and-a-nasa-spacecraft-has-spotted-its-lunar-grave-photos arXiv — Energetics, crater scaling, and comparison with LRO observations https://arxiv.org/abs/2608.22325   ARTEMIS NASA — Artemis II crew to receive the Congressional Space Medal of Honor https://www.nasa.gov/news-release/nasas-artemis-ii-crew-set-to-receive-congressional-space-medal-of-honor/ NASA — The ceremony https://www.youtube.com/watch?v=tGjffGccQig NASA — Artemis III engine install begins; boosters and crew training advance https://www.nasa.gov/blogs/missions/2026/08/27/nasa-starts-artemis-iii-engine-install-boosters-crew-training-advance/ NASA — Turkiye and the Artemis Accords https://www.nasa.gov/news-release/nasa-invites-media-to-turkey-artemis-accords-signing-ceremony/   LUNAR SURFACE Payload — Zeno Power books its first nuclear mission to the Moon https://payloadspace.com/zeno-power-books-its-first-nuclear-mission-to-the-moon/   ROMAN NASA — Coverage set for the Roman Space Telescope launch https://www.nasa.gov/news-release/nasa-sets-coverage-for-roman-space-telescope-launch-from-florida/ NASASpaceflight — Launch preview: Falcon Heavy with Roman https://www.nasaspaceflight.com/2026/08/launch-preview-082426/   SPACEX Ars Technica — SpaceX intends to invest up to $100B in a Louisiana spaceport https://arstechnica.com/space/2026/08/spacex-intends-to-invest-up-to-100-billion-in-massive-louisiana-spaceport/   IMAGES: NASA · NASA/GSFC/Arizona State (LRO) · KARI/KASA (Danuri) · Payload · SpaceX   #falcon9 #moon #spacenews #artemis #romanspacetelescope #nasa #spacex #lro #spacepodcast #todayinspace   Youtube ID: IISCwaC_saI

Plus: BYD's overseas push drives quarterly profit growth. And Google will change how it ranks certain websites in most of Europe to appease antitrust regulators. Julie Chang hosts. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

SpaceX officially announced Starbase Louisiana, and I break down why the site fits Starship's launch, landing, and orbital architecture so perfectly. I also look at the transition from Falcon to Starship, and the new launch vehicles on the verge of debut. This episode of Main Engine Cut Off is brought to you by 32 executive producers—Warren, Matt from Built, Theo and Violet, Tim Dodd (the Everyday Astronaut!), Natasha Tsakos, Lee, Donald, David, Matt, Joonas, Russell, Steve, Frank, Will and Lars from Agile, The Astrogators at SEE, Josh from Impulse, Fred, Joel, Kris, Pat, Joakim, Miles O'Brien, Stealth Julian, Jan, Ryan, and four anonymous—and hundreds of supporters. Topics SpaceX Launches New Era of Commercial Spaceflight with $100 Billion Louisiana Campus - Louisiana Economic Development SpaceX intends to invest up to $100 billion in massive Louisiana spaceport - Ars Technica Episode 245 - Polar Bears and Penguins (with Jonathan Goff and Mike Loucks) - Off-Nominal AAS Paper Review: RAAN Agnostic 3-Burn Departure Methodology for Deep Space Missions from LEO Depots (Part 1 of 2) | Selenian Boondocks AAS Paper Review: Practical Methodologies For Low Delta-V Penalty, On-Time Departures To Arbitrary Interplanetary Destinations From A Medium-Inclination Low-Earth Orbit Depot | Selenian Boondocks An Updated Propellant Depot Taxonomy Part V: Human Spaceflight Fixed Depots (Low-Orbit) | Selenian Boondocks SpaceX on X: Ship 40 Reaches Christmas Island Ship 40 arrives at Christmas Island, Plans Return to Starbase - NASASpaceflight SpaceX on X: Ship 41 Single-Engine Static Fire Ship 41 Completes Engine Testing Ahead of Flight 14 - NASASpaceflight Satellite operators are in panic mode due to a worsening launch crisis - Ars Technica Nova payload module, second stage, and Andromeda engine fit check - Stoke Space First three flight-one Zenith engines ready for acceptance testing - Stoke Space Rocket Lab Announces Second Quarter 2026 Financial Results: Posts Record Revenue and Record Backlog, Guides To Another Record Revenue Quarter in Q3 2026 - Rocket Lab Rocket Lab Unveils GHOST Deployable Launch System to Enable Responsive Space Missions Worldwide - Rocket Lab Firefly Aerospace Announces Second Quarter 2026 Financial Results With Record Revenue Of $117.7 Million, Up 659% Year-Over-Year - Firefly Aerospace Tank problem delays first RFA launch - SpaceNews Relativity Space engine integration milestone for Terran R first stage - NASASpaceflight The Show Like the show? Support the show on Patreon or Substack! Email your thoughts, comments, and questions to anthony@mainenginecutoff.com Follow @WeHaveMECO Follow @meco@spacey.space on Mastodon Listen to MECO Headlines Listen to Off-Nominal Join the Off-Nominal Discord Subscribe on Apple Podcasts, Overcast, Pocket Casts, Spotify, Google Play, Stitcher, TuneIn or elsewhere Subscribe to the Main Engine Cut Off Newsletter Artwork photo by Zhou Quan Work with me and my design and development agency: Pine Works

Very Important Links!Support the show on Patreon! - Other ways to support the show!Join our Discord! - Buy some merch!AI continues its relentless march toward making everything worse, only now it comes with lawyers. Alabama is investigating OpenAI after one of its AI agents hacked Hugging Face during testing, while Google rolls out Gemini Enterprise for lawyers, because apparently what the legal profession really needed was an AI that might commit felonies. Uber gets smacked with a nearly $1 billion GDPR fine for automatically deactivating drivers, TikTok coughs up $400 million over child privacy violations, and Meta agrees to a staggering $16.68 billion settlement over alleged harms to kids. Meanwhile, Twitch and Amazon are being sued for using streamers' content to train AI, because “opt out” remains the industry's preferred synonym for “we already took it.”Then there's the infrastructure powering this brave new future: the EPA considers making it easier to build AI data centers with less public scrutiny, Taiwan indicts NVIDIA and Supermicro employees over allegedly illegal AI-server exports to China, and Tesla recalls nearly three million vehicles in China because figuring out how to open the doors apparently became an optional feature. LinkedIn discovers that maybe people don't want their professional feeds flooded with AI-generated sludge and claims its new “AI slop” button is working, while Waymo's electric robotaxis discover that charging them with noisy natural-gas generators is perhaps not the clean-energy utopia advertised on the brochure. Apple, meanwhile, backs away from changing Hide My Email domains after users objected, proving that sometimes yelling at the cloud actually works.Plus: Star Trek goes Muppet, books worth reading, nerf guys, AI-generated Hacker News stats, retro gaming, and the sad news of both Dolly Parton and Tim Curry's deaths.Sponsors:DeleteMe - Get 20% off your DeleteMe plan when you go to JoinDeleteMe.com/GOG and use promo code GOG at checkout.StoryBlocks - For a limited time, they're offering 15% off any annual plan at storyblocks.com/gogHIMS - Visit Hims.com/gog to get a personalized, affordable plan that gets you.Private Internet Access - Go to GOG.Show/vpn and sign up today. For a limited time only, you can get OUR favorite VPN for as little as $2.03 a month.SetApp - With a single monthly subscription you get 240+ apps for your Mac. Go to SetApp and get started today!!!1Password - Get a great deal on the only password manager recommended by Grumpy Old Geeks! gog.show/1passwordShow notes at https://gog.show/760Watch on YouTube at https://youtu.be/v_m2XT4_ZCYSHOW NOTESSend us Feedback!NEW! - GOG T-Shirt - You Are Here! - v1NEW! - GOG T-Shirt - Elon Kills Babies - Heavy Duty - FrontAlabama launches probe into OpenAI after Hugging Face breachGoogle expands Gemini Enterprise AI platform for law firms, lawyersUber hit with a nearly $1 billion fine for automatically deactivating drivers in EuropeTikTok will pay $400 million to settle Justice Department lawsuit over child privacyMeta reaches $16.68 billion settlement over social media harms to childrenTwitch and Amazon hit with lawsuit for training AI with streamers' contentThe EPA's Response to AI Data Center Backlash: Keep Building, but Keep It Hush-HushTaiwan reportedly indicted NVIDIA employees for exporting prohibited AI servers to ChinaChina Recalls Nearly Three Million Teslas Over Unsafe Door HandlesLinkedIn says its AI slop button is workingAustin park goers upset by adjacent loud Waymo EV generatorsApple reverses planned Hide My Email domain change after user pushbackStar Trek: Strange New GimmicksTed LassoSiloReacherThe WestiesThe Simpsons: Yellow Mirror | Exclusive Episode on Disney+ | TrailerThe Pitt Season 3 | Official Teaser | HBO MaxAmazon First ReadsI've Got a New Complaint: Essays on Aging Disgracefully and Other Small Disasters by Laurie NotaroThe Theory of Everything Else: A Voyage Into the World of the Weird – A Hilarious Handbook of Mind-Boggling Mysteries by Dan Schreiber (of the No Such Thing as Fish podcast)Welcome to Your Life: Love, Death & Tears For Fears – An Iconic Musician's Journey Through Grief, Addiction, and Recovery by Roland OrzabalPicks and Shovels: A Martin Hench Novel by Cory DoctorowThis Is How You Lose the Time War by Amal El-MohtarDave BittnerThe CyberWireHacking HumansCaveatOnly Malware in the BuildingLearn Circuits CourseArduino Starter Kit R4Kirby: Art & Style Collection by VIZ MediaStar Wars: The Lightsaber Collection by Daniel WallaceStar Wars: The Secrets of the Sith by Marc SumerakX-Shot Insanity Motorized Rage Fire Gatlin Gun with Tripod - Foam Gun for Maximum FirepowerMaster BlasterHow much of Hacker News is AI?Full Throttle full game playDolly and Miss PiggyDolly Parton, country star, actor and philanthropist, dies aged 80See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

CONTENTS JOHN BATCHELOR SHOW, 8-26-2026.832Greenwich Observatory (Robert Chambers, p.200, 1832) - Copy.pngJohn Batchelor and Michael Bernstam analyze the revenue-sharing deal between Iran and Oman over the Strait of Hormuz, which does not resolve the critical global refinery shortage. Decades of zero Western refinery expansion, alongside Ukrainian drone strikes disabling Russian capacity, has left a global deficit of 5.6 to 6 million barrels per day of refined products. This is especially severe for diesel, which requires heavy crude unlike the light sweet crude produced by the US shale revolution. With U.S. refineries running at maximum capacity, the threat of mechanical failures risks a full-blown supply crisis. (1)Richard Reinsch discusses the Democratic Socialists of America (DSA) and their principles, which advocate for economic collectivism, nationalizing private industries, and dismantling the U.S. constitutional republic in favor of a unicameral legislature. Reinsch contrasts this with a historical 1922 Kremlin conversation where Soviet leader Joseph Stalin accused American communist Jay Lovestone of "heresy" for arguing "American exceptionalism"—the idea that American working-class prosperity made them resistant to Marxism. Today, Reinsch views the DSA as an overeducated, white, urban phenomenon failing to win working-class or minority voters. (2)Rogier Windhorst and David Livingston: Professor Windhorst warns that the Hubble Space Telescope's orbit will begin to decay uncontrollably by September 2033 due to solar maximum atmospheric expansion. To prevent a hazardous, uncontrolled re-entry, Windhorst advocates for a robotic servicing mission to boost Hubble's orbit. As the only remaining telescope with precise blue-ultraviolet capabilities, Hubble's data remains critical and heavily in demand. Windhorst urges NASA to fund a $100 million rescue mission and eventually construct the Habitable Worlds Observatory to search for Earth-like exoplanets starting in 2040. (3)David Hebert discusses the fiscal debates surrounding Social Security's impending 2032 shortfall. Hebert refutes the idea that raising tax rates increases treasury revenue, noting that tax revenue historically remains constant at 17–18% of GDP because high rates prompt tax avoidance. Instead of "starving the beast" of resources, Hebert advocates for "starving the beast of responsibility" by decentralizing programs through federalism to cut administrative costs. He urges structural reforms to Social Security, highlighting that the ratio of workers supporting each retiree has plummeted from 40-to-1 down to 2-to-1. (4)Captain James Fanell (US Navy, retired), co-host Gordon Chang: Fanell warns that China is nearing completion of a military installation on Triton Island in the Paracels, expanding its "ring of control" in the South China Sea. He cautions that China may soon fortify Scarborough Shoal, threatening to block the northern South China Sea and degrade U.S. naval operations. In response to this rising coercion, the Philippines is boosting its 2027 defense budget by 6.3%, allocating $800 million for modernization with a heavy focus on intelligence, surveillance, and reconnaissance drones. Fanell urges more assertive naval cooperation to deter further Chinese expansion. (5)Dean Cheng, co-host Gordon Chang: Cheng analyzes China's space program and its pursuit of reusable booster technology to match SpaceX's cost-saving launch cadences. Although China has successfully recaptured first-stage boosters, it has not yet demonstrated refurbishing or reusing them. Cheng notes that China seeks space dominance to deploy six mega-constellations and establish moon colonies. He suggests that a delay in China's lunar south pole probe—officially blamed on solar exposure—is likely due to the ongoing accident investigation of the Long March 7 rocket failure. Cheng predicts a Chinese astronaut will walk on the moon by December 31, 2030. (6)Charles Burton, co-host Gordon Chang: Burton discusses the escalating trade war between Canada and the Trumpadministration, which triggered $20 billion in Canadian retaliatory tariffs and a 7.5 billion CAD business support package. The dispute has sparked public anti-Trump sentiment and personal mudslinging between Donald Trump and Ontario Premier Doug Ford. Stalled negotiations, compounded by unacceptable U.S. demands regarding French labeling laws, have shattered bilateral trust. Burton warns that Canada is prepared to pivot away from MAGA toward free trade with Europe and China, despite severe risks of Chinese economic coercion. (7)Jack Burnham outlines China's persistent military coercion campaign targeting Taiwan, noting that Beijing separates economic trade truces from its aggressive goal to subjugate the island. China's provocations, including Coast Guardpatrols east of Taiwan and flights over the median line, are designed to establish a "new normal." In December 2025, China responded to an $11 billion U.S. arms package by launching "Justice Mission 2025," an expansive military exercise simulating blockades and practicing "all-dimensional deterrence" to discourage U.S. intervention and test regional capabilities. (8)Doug Messier details SpaceX's plans to build "Starbase Louisiana," a massive $100 billion, 125,000-acre spaceport designed as the world's largest launch facility. Scheduled for construction in 2027 and launches by 2029, the facility will feature ten launch pads supporting thousands of annual, airline-style Starship flights. While bringing thousands of jobs, the coastal development raises environmental concerns regarding wetland habitats, which SpaceX has pledged to help restore. Messier also highlights Space Force's startup funding arm, SpaceWERX, which is fostering new aerospace innovators like Antares Nuclear and Muon Space. (9)Jeremy Zakis reports on the unprecedented rainfall sweeping across Australia, driven by a super El Niño cycle interacting with the Indian Ocean Dipole. South Australia and Adelaide experienced the heaviest downpours, breaking monthly rainfall records in a single day, while Sydney's infrastructure coped with several inches of rain. Victoria and Melbourne were largely spared due to the Great Dividing Range acting as a barrier. Zakis warns that weekly spring rains are highly unusual and threaten to fuel rapid forest undergrowth, which could dry out and create a dangerous bushfire hazard during future droughts. (10)

Dean Cheng, co-host Gordon Chang: Cheng analyzes China's space program and its pursuit of reusable booster technology to match SpaceX's cost-saving launch cadences. Although China has successfully recaptured first-stage boosters, it has not yet demonstrated refurbishing or reusing them. Cheng notes that China seeks space dominance to deploy six mega-constellations and establish moon colonies. He suggests that a delay in China's lunar south pole probe—officially blamed on solar exposure—is likely due to the ongoing accident investigation of the Long March 7 rocket failure. Cheng predicts a Chinese astronaut will walk on the moon by December 31, 2030. (6)

Doug Messier details SpaceX's plans to build "Starbase Louisiana," a massive $100 billion, 125,000-acre spaceport designed as the world's largest launch facility. Scheduled for construction in 2027 and launches by 2029, the facility will feature ten launch pads supporting thousands of annual, airline-style Starship flights. While bringing thousands of jobs, the coastal development raises environmental concerns regarding wetland habitats, which SpaceX has pledged to help restore. Messier also highlights Space Force's startup funding arm, SpaceWERX, which is fostering new aerospace innovators like Antares Nuclear and Muon Space. (9)

We start off this episdoe with a possible reason why Trumps White House Press Secretary really left her position, before we talk about Trump screwing over American beef farmers and his CIA director taking a secret trip to Moscow. We also discuss the Canadian premiere of Ontario who feels offended by Trump, military contrats worth almost $1 billion, and the Secret Service scandal thats unfolding right now. We also honor three Marines for being awarded for their action in Kabul and the alleged mastermind of 9/11 getting his day in court. Tim Curry passed away, Space X is building a launch site in Louisiana, a Houston attorney has been arrested for beasiality! To join in on the conversation next week, come to patreon.com/CajunKnightBecome a supporter of this podcast: https://www.spreaker.com/podcast/cult-of-conspiracy--5700337/support.

Jim Kwik on Memory, AI, and Why Natural Intelligence Beats Artificial Intelligence Your brain is quietly outsourcing itself to AI, and you won't notice until it's gone. This episode gives you the exact framework to use artificial intelligence as a tool for brain optimization instead of a crutch that erodes your memory, focus, and critical thinking. Watch this episode on YouTube for the full video experience: https://www.youtube.com/@DaveAspreyBPR Host Dave Asprey sits down with Jim Kwik, one of the world's leading experts in memory improvement, brain optimization, and accelerated learning. For more than 30 years, Jim has served as the brain coach to professional athletes, political leaders, business magnates, and Hollywood icons, with corporate clients including Google, Nike, SpaceX, and Harvard. He hosts the Kwik Brain podcast with over 100 million downloads, reaches 200,000 people annually through live keynotes, and just wrapped his 14th annual Beyond Biohacking Conference with 5,000 attendees in Austin. Jim overcame a childhood brain injury that left him labeled "learning disabled," and turned that struggle into a mission he calls "no brain left behind." They break down the MIT study showing that people who use AI to write and think score worse on memory and comprehension than those who rely on their own brains, and why that matters for anyone serious about longevity, human performance, and anti-aging. Jim introduces the concept of digital dementia and cognitive sovereignty, explaining how nootropics, neuroplasticity, and functional medicine can support your biology while AI still requires you to keep your own hardware sharp. They cover the MEDS Rx framework for brain optimization: meditation, exercise, diet, sleep optimization, and relationships, plus why mitochondria, metabolism, and inflammation from processed food directly impact your cognitive output. Jim also shares how his own kids use AI as a tutor rather than a replacement for thinking, and why sleep inertia and the first few minutes after waking set the tone for your entire day. This is essential listening for anyone serious about biohacking, hacking their own brain, longevity, neuroplasticity, brain optimization, supplements, and building a Smarter Not Harder approach to human performance in the age of AI. You'll Learn: Why the MIT study found AI users had weaker memory and comprehension than people who did the work themselves What digital dementia and digital deduction are, and how they quietly erode your cognitive muscles How to use AI as an augmented intelligence partner instead of a replacement for critical thinking The MEDS Rx framework for brain optimization: meditation, exercise, diet, sleep, and relationships Why the first few minutes after waking determine your focus and mood for the entire day How spaced repetition and AI-assisted learning can lock in new skills and behavior change faster The HUMAN framework for staying irreplaceable in a world run by algorithms Thank you to our sponsors! - KILLSwitch | If you're ready for the best sleep of your life, order now at https://www.switchsupplements.com/and use code DAVE for 20% off - Neuronic | Go to www.neuronic.online Code DAVE for $100 off - Our Place | Upgrade your kitchen with Our Place today. Visit fromourplace.com/DAVE and use code DAVE for 10% off sitewide. - LMNT | Check it out at drinklmnt.com/DAVE. You'll get a free 8 count sample pack with any purchase. Dave Asprey is a four-time New York Times bestselling author, founder of Bulletproof Coffee, and the father of biohacking. With over 1,000 interviews and 1 million monthly listeners, The Human Upgrade brings you the knowledge to take control of your biology, extend your longevity, and optimize every system in your body and mind. Each episode delivers cutting-edge insights inhealth, performance, neuroscience, supplements, nutrition, biohacking, emotional intelligence, and conscious living. New episodes are released every Tuesday, Thursday, Friday, and Sunday (BONUS). Dave asks the questions no one else will and gives you real tools to become stronger, smarter, and more resilient. Keywords: Jim Kwik, Limitless, Kwik Brain, digital dementia, cognitive sovereignty, human intelligence, artificial intelligence, MIT AI study, brain injury recovery, accelerated learning, memory improvement, speed reading, neuroplasticity, spaced repetition, memory palace, MEDS Rx framework, sleep inertia, attentional priming, metacognition, digital deduction, brain optimization, cognitive flexibility, cognitive anti-fragility, 40 Years of Zen, biohacking, Beyond Biohacking Conference, HUMAN framework, learning how to learn, GPS dependency, mental fatigue, burnout recovery, Limitless Daily Resources: • Learn More About Jim At: https://limitlessdaily.com/ • Follow Jim On Instagram At: https://www.instagram.com/jimkwik/ • Watch Jim On YouTube At: https://www.youtube.com/jimkwik • Get My 2026 Clean Nicotine Roadmap | Enroll for free at https://daveasprey.com/2026-clean-nicotine-roadmap/ • Dave Asprey's Latest News | Go to https://daveasprey.com/ to join Inside Track today. • Danger Coffee: https://dangercoffee.com/discount/dave15? • My Daily Supplements: SuppGrade Labs (15% Off) • Favorite Blue Light Blocking Glasses: TrueDark (15% Off) • Dave Asprey's BEYOND Conference: https://beyondconference.com • Dave Asprey's New Book – Heavily Meditated: https://daveasprey.com/heavily-meditated • Join My Substack (Live Access To Podcast Recordings): https://substack.daveasprey.com/ • Upgrade Labs: https://upgradelabs.com Timestamps: 00:00 – Trailer 00:55 – Intro 06:54 – AI as Tool, Not Crutch 13:00 – Protecting Cognitive Sovereignty 21:28 – Digital Dementia Explained 27:13 – AI-Enhanced Learning Techniques 32:18 – Speed Listening and Reading 40:38 – Rapid Tips by Age 46:59 – Building an AI Second Brain 53:04 – Burnout and Brain Optimization See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

August 25, 2026, 4pm; Even in the depths of America's most bitter, most divisive moments these last few decades, country music icon Dolly Parton has seemingly occupied her own stratosphere: adored across all regions, genders, political affiliations and on and on. For more from Nicolle, follow and download her podcast, “The Best People with Nicolle Wallace,” wherever you get your podcasts.To listen to this show and other MS podcasts without ads, sign up for MS NOW Premium on Apple Podcasts. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Why does the Left hate Elon Musk? The same Elon who was once celebrated for Tesla and SpaceX suddenly became an "oligarch" and a supposed threat to democracy after he challenged the Left's political and cultural power. From the transformation of Twitter/X to DOGE, this is how one of America's most successful entrepreneurs became Public Enemy No. 1. - - - Today's Sponsor: PreBorn! - Celebrate America's 250th by saving lives. Just $28 sponsors one ultrasound. And every ultrasound is another opportunity for a mother to meet her baby for the very first time. To donate, dial #250 and say the keyword BABY or give securely at https://PreBorn.com/BEN - - - DailyWire: Become a Daily Wire Member and watch all of our content ad-free: https://www.dailywire.com/subscribe