TheBRRR’s Thoughts

GM.

Dollar strength has pushed crypto into a continued correction and an overheated NVDA has started to cool off to close the week.

Today we’re covering commentary from the legendary tech investor and founder/CEO of Softbank, Masayoshi Son.

Masa explained that robots will be “1,000x smarter than humans in 10 years” to a room full of Softbank shareholders as he plans to triple (quadruple?") down on AI investing.

We’re also covering Donald Trump’s appearance on “All In”, a tech podcast hosted by four nonpartisan venture capitalists.

On Wednesday, we polled the readers on who they thought would win the upcoming election. Trump came out ahead, pulling 29 of the 45 votes.

Prediction markets also have Trump priced as a slight favorite, implying a 59% chance of winning the Presidency in November.

Trump Promises Green Cards For All Graduating Students In Wide-Ranging Tech Podcast Interview

WHAT HAPPENED

• Former President Donald Trump appeared on a podcast hosted by Silicon Valley investors David Sacks, Chamath Palihapitiya, Jason Calacanis, and David Friedberg.

• The discussion covered a wide range of topics, including the economy, energy, AI, foreign policy, and immigration.

• Trump announced a plan to grant green cards to foreign college students upon graduation.

WHY IT MATTERS

• Policy Nuance: Trump emphasized regulatory reform, tax cuts, and tariffs as key strategies to revive the economy, addressing business leaders' concerns.

• Energy and AI Focus: Trump highlighted the need for energy independence and advanced AI capabilities, indicating a future-oriented economic strategy.

• Foreign Policy Clarity: Trump firmly stated he would not deploy American troops to Ukraine, differentiating the U.S. stance from European neighbors.

• Immigration Incentives: Trump proposed granting green cards to foreign college graduates, aiming to retain high-skilled talent and boost the tech industry.

KEY POINTS

• Economy: Regulation, tax cuts, and tariffs to stimulate business growth.

• Energy: Focus on fossil fuels and nuclear power to support AI and technological advancements.

• AI Trade: Massive energy requirements to lead in AI, moving beyond unreliable renewables.

• Foreign Policy: Non-interventionist stance on Ukraine, critical of Germany's involvement.

STRATEGIC INSIGHTS

• Trump's nuanced policy shifts suggest a pragmatic approach to economic and technological challenges.

• By addressing Silicon Valley's concerns and focusing on high-quality immigration, Trump aims to secure support from influential tech investors.

• His stance on energy and AI positions the U.S. for future competitiveness in global markets.

  NYTimes, ZeroHedge

Why The Fed Might Need to ‘Get On With It” and Cut Rates

WHAT HAPPENED

• SoftBank CEO Masayoshi Son announced that artificial intelligence (AI) 10,000 times smarter than humans will emerge in 10 years.

• Son introduced the concept of artificial super intelligence (ASI), which he believes will revolutionize human life.

• He predicted artificial general intelligence (AGI) — AI just slightly smarter than humans — will appear in 3-5 years.

• SoftBank's stock dropped over 3% following Son’s statements at the annual general meeting.

• Son reflected on his mission and SoftBank's purpose, emphasizing the evolution of humanity through AI.

WHY IT MATTERS

• Massive Potential Impact: ASI could redefine industries, economies, and daily life, posing both opportunities and existential risks.

• SoftBank’s Strategy Shift: This vision marks a shift from previous conservative investment approaches after heavy losses, signaling a return to aggressive tech investments.

• Market Reaction: The immediate stock drop reflects investor skepticism or concern over Son’s ambitious projections.

• Leadership Vision: Son's focus on AI and personal reflections indicate a deep, strategic commitment to positioning SoftBank at the forefront of AI innovation.

CNBC

Got feedback? Follow the writer on Twitter @frank_locascio and send a message.

The BRRR is meant for informational purposes only. It is not investment advice. Please consult with your investment, tax, or legal advisor before making any investment decisions.ll