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Joseph Chalom on why blockchains could break the winner-takes-all cycle in tech "History should inform us, but history does not need to be circular, prophetic or repetitive. For the first time, we see a revolution before it happens. Most revolutions are surprises, and in retrospect they looked inevitable." "We...

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The Wolf Of All Streets

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18,949 Aufrufe • vor 1 Tag •via X (Twitter)

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Profilbild von The Wolf Of All Streets
The Wolf Of All Streetsvor 1 Tag

FT @joechalom This clip is brought to you by @hodlwithLedn

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Smortyvor 1 Tag

agents on neutral rails is the unlock. stablecoins + onchain credit were the missing layer for that thesis

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Sophia nvor 23 Stunden

Great point!

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Joseph Chalom on the four crypto ingredients that create a new agentic economy "For 20 years I had a front row seat on how really messed up the financial services industry was. They love to control the rails, legacy infrastructure, and they really stepped in front of their customer relationships." "We often forget how much human trust is then required when trades take days to settle and other people control your money. Basically once a decade it all blows up in systemic risk." "I wrote these articles because it's pretty rare that you can actually foresee a coming financial revolution, and if you could see it coming, you should be able to shape its outcome." "We have four crypto ingredients that are ready to create a new agentic economy. Stablecoins as a programmable digital cash. Tokenized real world assets, that's the exposure layer. DeFi, which is basically a new way to programmably execute trades. And AI agents that have unlimited machine intelligence that are gonna automate it all for us on a continuous basis." "You put these four things together and you really have a Big Bang, a new universe, and it's going to be massively disruptive, and I think in a very constructive way for consumers. Probably the first time consumers are going to be the biggest beneficiary of a financial revolution."
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Joseph Chalom on the four crypto ingredients that create a new agentic economy "For 20 years I had a front row seat on how really messed up the financial services industry was. They love to control the rails, legacy infrastructure, and they really stepped in front of their customer relationships." "We often forget how much human trust is then required when trades take days to settle and other people control your money. Basically once a decade it all blows up in systemic risk." "I wrote these articles because it's pretty rare that you can actually foresee a coming financial revolution, and if you could see it coming, you should be able to shape its outcome." "We have four crypto ingredients that are ready to create a new agentic economy. Stablecoins as a programmable digital cash. Tokenized real world assets, that's the exposure layer. DeFi, which is basically a new way to programmably execute trades. And AI agents that have unlimited machine intelligence that are gonna automate it all for us on a continuous basis." "You put these four things together and you really have a Big Bang, a new universe, and it's going to be massively disruptive, and I think in a very constructive way for consumers. Probably the first time consumers are going to be the biggest beneficiary of a financial revolution."

The Wolf Of All Streets

19,956 Aufrufe • vor 1 Tag

"Similar to Bitcoin, no one controls Ethereum. There is no CEO who can step in and change the rules of the game." Joseph Chalom on the similarities and differences between $ETH and $BTC "I am a big owner of Bitcoin, equal to Ethereum. When I was at BlackRock we launched the fastest growing ETF in history, IBIT, to put Bitcoin in the hands of tens and tens of thousands of new investors." "Bitcoin is incredibly simplistic. It is the hedge against monetary debasement, it is the hedge against the scourge of war and risk that we see in today's economy. An exit asset that no human, no CEO controls." "Ethereum is slightly different in that it's more programmable. Bitcoin has not become a payment instrument, or an instrument where markets and DeFi are built on it. Ethereum you can think of as programmable infrastructure." "A new onchain economy with stablecoins, tokenized assets, DeFi, now agentic rails, most of that we predict is gonna happen in the Ethereum or other blockchain ecosystem. That's not to denigrate Bitcoin in any way. We just think they serve different purposes."
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"Similar to Bitcoin, no one controls Ethereum. There is no CEO who can step in and change the rules of the game." Joseph Chalom on the similarities and differences between $ETH and $BTC "I am a big owner of Bitcoin, equal to Ethereum. When I was at BlackRock we launched the fastest growing ETF in history, IBIT, to put Bitcoin in the hands of tens and tens of thousands of new investors." "Bitcoin is incredibly simplistic. It is the hedge against monetary debasement, it is the hedge against the scourge of war and risk that we see in today's economy. An exit asset that no human, no CEO controls." "Ethereum is slightly different in that it's more programmable. Bitcoin has not become a payment instrument, or an instrument where markets and DeFi are built on it. Ethereum you can think of as programmable infrastructure." "A new onchain economy with stablecoins, tokenized assets, DeFi, now agentic rails, most of that we predict is gonna happen in the Ethereum or other blockchain ecosystem. That's not to denigrate Bitcoin in any way. We just think they serve different purposes."

The Wolf Of All Streets

31,837 Aufrufe • vor 1 Tag

The blockchain landscape is incredibly dynamic and competitive, with development occurring at an unprecedented pace. For the first time in human history, we have a truly free market where anyone can compete globally. In blockchain, the landscape shifts so rapidly that the 'world' you know today may be unrecognizable by the end of the year. In 2024, 4.5 billion transactions were initiated across eight blockchains - a 160% increase from 2023. The accompanying infographic illustrates which blockchains now dominate the market. We are thrilled to observe and document this incredible journey and to share our insights with you. Follow for more blockchain insights.
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The blockchain landscape is incredibly dynamic and competitive, with development occurring at an unprecedented pace. For the first time in human history, we have a truly free market where anyone can compete globally. In blockchain, the landscape shifts so rapidly that the 'world' you know today may be unrecognizable by the end of the year. In 2024, 4.5 billion transactions were initiated across eight blockchains - a 160% increase from 2023. The accompanying infographic illustrates which blockchains now dominate the market. We are thrilled to observe and document this incredible journey and to share our insights with you. Follow for more blockchain insights.

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Why is it that in the past 25 years in Europe we can only point to a handful of companies that have been discovered? Does Europe not realise that they are falling behind so badly? We used to be the leaders of the world and innovation now we have taxed and regulated ourselves into irrelevance… we have been regulated into a joke.
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Why is it that in the past 25 years in Europe we can only point to a handful of companies that have been discovered? Does Europe not realise that they are falling behind so badly? We used to be the leaders of the world and innovation now we have taxed and regulated ourselves into irrelevance… we have been regulated into a joke.

Maila Maria Rosa

25,025 Aufrufe • vor 2 Monaten

"We are the greatest country in the history of the world. We should have the safest and most secure elections in the history of the world. What the president will be speaking about tonight will show you that perhaps that is not the case. And we need to make some adjustments moving forward." — Karoline Leavitt
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"We are the greatest country in the history of the world. We should have the safest and most secure elections in the history of the world. What the president will be speaking about tonight will show you that perhaps that is not the case. And we need to make some adjustments moving forward." — Karoline Leavitt

Trump War Room

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Punjab also, Excellency, now happens to be the most AI-enabled province. We are investing hugely in AI. Punjab is the only province to have a dedicated AI office. It is called the Office of the AI. And we are trying to implement all that we can, make use of the technology not only in governance, but in everything that we come across, be it health, be it education, be it livestock, be it agriculture. Only this morning I had a meeting with Huawei, and I had meetings with Alibaba. And I am very eager to learn from their AI medical interventions. We have also started that in Pakistan. #MaryamNawazInChina
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Punjab also, Excellency, now happens to be the most AI-enabled province. We are investing hugely in AI. Punjab is the only province to have a dedicated AI office. It is called the Office of the AI. And we are trying to implement all that we can, make use of the technology not only in governance, but in everything that we come across, be it health, be it education, be it livestock, be it agriculture. Only this morning I had a meeting with Huawei, and I had meetings with Alibaba. And I am very eager to learn from their AI medical interventions. We have also started that in Pakistan. #MaryamNawazInChina

PMLN

175,630 Aufrufe • vor 28 Tagen

Arteta asked if the current team are better than the invincibles: “No, because Invincibles won a lot and they won consistently and they created a history and legacy and we have to do that. “Obviously there is a lot of stats, but in the last two or three years, as well, we had stats and more points and more goals and the history of that, but at the end we have to translate that into major trophies and what we want to do, and probably now what we are doing. “It would have been enough, but now it's not enough, and we have to make it the margins even bigger, and that's what we have to aim for.”
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Arteta asked if the current team are better than the invincibles: “No, because Invincibles won a lot and they won consistently and they created a history and legacy and we have to do that. “Obviously there is a lot of stats, but in the last two or three years, as well, we had stats and more points and more goals and the history of that, but at the end we have to translate that into major trophies and what we want to do, and probably now what we are doing. “It would have been enough, but now it's not enough, and we have to make it the margins even bigger, and that's what we have to aim for.”

Connor Humm

83,193 Aufrufe • vor 8 Monaten

As time goes on, democrats become less patriotic and like our country less and less. We are the greatest country in the history of the world and many of these people are so ignorant of world history and politics that it allows them to be an ungrateful complainer.. They don’t need to be in government…
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As time goes on, democrats become less patriotic and like our country less and less. We are the greatest country in the history of the world and many of these people are so ignorant of world history and politics that it allows them to be an ungrateful complainer.. They don’t need to be in government…

Jeffery Mead

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Whoopi Goldberg tells actress Keke Palmer that the Trump administration can't erase the history of minorities and feminists because all these cultures will keep passing down their stories orally: KEKE PALMER: It's difficult in these times because you feel like, "Man, ain't nobody going backwards." And then you see actual government-government things actually trying to put us backwards. WHOOPI GOLDBERG: Yes. But here's the fabulous thing about a storytelling people, of which we are and Native Americans are. The Irish are. They will tell a story, because we are an oral people. You can take down as many signs as you want to. That's not gonna stop us telling the stories. We know our history. The Irish know their history. The Japanese know their history. The Chinese know their history. Black folks know their history. Women know their history. You can't stop the oral part, 'cause that would mean you'd have to get into our brain and shut it down. PALMER: You can't do that. GOLDBER: You can't do that. So people need to remember why it's important to always talk about what you know, who you are, where you've been. Native Americans, they know. They know their history. They know how they saved us in World War II with the code talkers. Take it off any wall you want to, but that doesn't mean it didn't happen. And as long as we can talk, we will continue to tell those stories. And you can run and hide and pretend they're not there, but it doesn't mean they're not.
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Whoopi Goldberg tells actress Keke Palmer that the Trump administration can't erase the history of minorities and feminists because all these cultures will keep passing down their stories orally: KEKE PALMER: It's difficult in these times because you feel like, "Man, ain't nobody going backwards." And then you see actual government-government things actually trying to put us backwards. WHOOPI GOLDBERG: Yes. But here's the fabulous thing about a storytelling people, of which we are and Native Americans are. The Irish are. They will tell a story, because we are an oral people. You can take down as many signs as you want to. That's not gonna stop us telling the stories. We know our history. The Irish know their history. The Japanese know their history. The Chinese know their history. Black folks know their history. Women know their history. You can't stop the oral part, 'cause that would mean you'd have to get into our brain and shut it down. PALMER: You can't do that. GOLDBER: You can't do that. So people need to remember why it's important to always talk about what you know, who you are, where you've been. Native Americans, they know. They know their history. They know how they saved us in World War II with the code talkers. Take it off any wall you want to, but that doesn't mean it didn't happen. And as long as we can talk, we will continue to tell those stories. And you can run and hide and pretend they're not there, but it doesn't mean they're not.

Breitbart News

71,803 Aufrufe • vor 1 Monat

Secretary Marco Rubio receives a standing ovation after calling on Europe to be proud of its heritage and history. “We want to do it together with you…” “With a Europe that is proud of its heritage and of its history, with a Europe that that has the spirit of creation and liberty that sent ships out into uncharted seas and birthed our civilization.” “With a Europe that has the means to defend itself and the will to survive. We should be proud of what we achieved together in the last century.” “But now we must confront and embrace the opportunities of a new one. Because yesterday is over.” “The future is inevitable and our destiny together awaits.”
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Secretary Marco Rubio receives a standing ovation after calling on Europe to be proud of its heritage and history. “We want to do it together with you…” “With a Europe that is proud of its heritage and of its history, with a Europe that that has the spirit of creation and liberty that sent ships out into uncharted seas and birthed our civilization.” “With a Europe that has the means to defend itself and the will to survive. We should be proud of what we achieved together in the last century.” “But now we must confront and embrace the opportunities of a new one. Because yesterday is over.” “The future is inevitable and our destiny together awaits.”

Collin Rugg

143,199 Aufrufe • vor 7 Monaten

Vitalik Buterin on Ethereum as the economic layer for AI “The blockchain to me is the most natural way to allow applications and cooperation between many different people in the long term without needing to agree on who to trust. The other thing is also the economic layer. This is the layer where blockchains can support AIs.” Vitalik believes Ethereum will play a large role in the future of decentralized AI: “If you have more decentralized AI, that means you have different AIs (agents, programs) that are controlled by different people and need to interact with each other. And for that interaction to be possible, you need to have an economic layer. Either cooperation is based on economic incentives and economic rules. Or it’s based on central control. It’s usually one of the two, and if we can set up the economic system, that makes more decentralized interaction between AIs possible.” Source: OKX (Apr 2026) Read our full article on why AI agents will need Ethereum for low-risk DeFi below👇
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Vitalik Buterin on Ethereum as the economic layer for AI “The blockchain to me is the most natural way to allow applications and cooperation between many different people in the long term without needing to agree on who to trust. The other thing is also the economic layer. This is the layer where blockchains can support AIs.” Vitalik believes Ethereum will play a large role in the future of decentralized AI: “If you have more decentralized AI, that means you have different AIs (agents, programs) that are controlled by different people and need to interact with each other. And for that interaction to be possible, you need to have an economic layer. Either cooperation is based on economic incentives and economic rules. Or it’s based on central control. It’s usually one of the two, and if we can set up the economic system, that makes more decentralized interaction between AIs possible.” Source: OKX (Apr 2026) Read our full article on why AI agents will need Ethereum for low-risk DeFi below👇

Etherealize

115,453 Aufrufe • vor 4 Monaten

PM Frederiksen: we have to recognize, we have to understand, we have to learn that Russia will not change and they are not interested in peace, unfortunately. Can you imagine? I mean, it's like minus 25 degrees and then you attack the energy system. I mean, it's so crazy that only Russians would do such a thing. But this is how Russia is and it will not change. And I think our problem in Ukraine is still that there are still red lines when it comes to the weapons they can use to win this war. And you cannot win a war with the one hand tied on your back. We need to give them weapons so they can strike into Russia. We have had this discussion for several years. We are still discussing it. I mean, for the last three years on this conference, I have said, why are we not providing them the air defense that they need? And everybody is doing like this. They still lack air defense. You cannot protect a country without air defense. We know exactly what we need to deliver, including, of course, membership of NATO, because if they were a NATO member now, we would be in a completely different situation now. So, we know what to do. But first of all, we have to recognize, we have to understand, we have to learn that Russia will not change and they are not interested in peace, unfortunately.
1:36

PM Frederiksen: we have to recognize, we have to understand, we have to learn that Russia will not change and they are not interested in peace, unfortunately. Can you imagine? I mean, it's like minus 25 degrees and then you attack the energy system. I mean, it's so crazy that only Russians would do such a thing. But this is how Russia is and it will not change. And I think our problem in Ukraine is still that there are still red lines when it comes to the weapons they can use to win this war. And you cannot win a war with the one hand tied on your back. We need to give them weapons so they can strike into Russia. We have had this discussion for several years. We are still discussing it. I mean, for the last three years on this conference, I have said, why are we not providing them the air defense that they need? And everybody is doing like this. They still lack air defense. You cannot protect a country without air defense. We know exactly what we need to deliver, including, of course, membership of NATO, because if they were a NATO member now, we would be in a completely different situation now. So, we know what to do. But first of all, we have to recognize, we have to understand, we have to learn that Russia will not change and they are not interested in peace, unfortunately.

Anton Gerashchenko

105,935 Aufrufe • vor 7 Monaten

I had to go back and find the last interview Omar Berrada (#MUFC CEO) did with Andy Mitten because some people have suddenly convinced themselves that Manchester United have no clue what they're doing. When asked about the plan for 2026, Berrada said: "I think we are going to replicate what we did last year in some sense. You always go into the window, but you don't know how you will come out of it. You have to be prepared and have a clear plan. There are opportunities that will come later in the window that aren't there when you are going into it, so you have to be prepared, be flexible, and have a clear plan. But we will always do it within our terms. It's very important we don't let the market or the agents dictate what we should be doing." To break it down: Think of it like mathematics. Your teacher tells you that bearing and distance will be on the exam. That doesn't mean you memorize every bearing question you can find. The smarter approach is to understand the formula and the method. Once you know that, you can solve whatever variation appears. It's the same with the transfer market. Knowing you need to improve the midfield doesn't mean you panic and buy the first hyped player available. It means you know the profile you want, understand the market, and have a strategy. If things changes or some opportunities arrives, as they always do, you adapt without looking desperate or getting dictated to by clubs and agents. That is exactly what United appear to be doing. I hope this help! #mufc #transfer
1:46

I had to go back and find the last interview Omar Berrada (#MUFC CEO) did with Andy Mitten because some people have suddenly convinced themselves that Manchester United have no clue what they're doing. When asked about the plan for 2026, Berrada said: "I think we are going to replicate what we did last year in some sense. You always go into the window, but you don't know how you will come out of it. You have to be prepared and have a clear plan. There are opportunities that will come later in the window that aren't there when you are going into it, so you have to be prepared, be flexible, and have a clear plan. But we will always do it within our terms. It's very important we don't let the market or the agents dictate what we should be doing." To break it down: Think of it like mathematics. Your teacher tells you that bearing and distance will be on the exam. That doesn't mean you memorize every bearing question you can find. The smarter approach is to understand the formula and the method. Once you know that, you can solve whatever variation appears. It's the same with the transfer market. Knowing you need to improve the midfield doesn't mean you panic and buy the first hyped player available. It means you know the profile you want, understand the market, and have a strategy. If things changes or some opportunities arrives, as they always do, you adapt without looking desperate or getting dictated to by clubs and agents. That is exactly what United appear to be doing. I hope this help! #mufc #transfer

UTD_IYES

282,652 Aufrufe • vor 2 Monaten

Hi GoBid as a proudly South African company we at View4You disagree with the fact that people cannot run diagnostics, check the car to see if it starts check for any warning lights, check fluids on your cars. We understand moving them is not doable like all other auctions. Our founder recently reached out to your ambassador mumbo repairs and asked Him why your cars are not auctioned with a report stating the truth about the car as we have come across cases of possible mileage fraud and a case of a cloned car at GoBid. The response we received was that it would be difficult as the quantities are large and it would be costly. He also stated these cars are from various banks insurers etc. He further stated that GoBid will allow us to do our own inspections before we bid. His answers are acceptable and understandable. However, they do depict or show a lack of or no interest in protecting the consumer. Now today we were stopped from running a diagnostic, we were not allowed to get the car started and we were also not allowed to check the fluids. How can people bid confidently with these limitations? Now our humble request is, please permit us to run our checks thoroughly to ensure we know what we are bidding on. All other auctions permit such and it’s only you who does not allow it. A diagnostic test is crucial in the process of practicing due diligence, if you do not want us to run a diagnostic, can you please run it and place the report on the windscreen of your cars that can be diagnosed? You can contact us at info@view4you.co.za and we can run it on all your cars if you do not have the capacity to do so. Thank You.
0:25

Hi GoBid as a proudly South African company we at View4You disagree with the fact that people cannot run diagnostics, check the car to see if it starts check for any warning lights, check fluids on your cars. We understand moving them is not doable like all other auctions. Our founder recently reached out to your ambassador mumbo repairs and asked Him why your cars are not auctioned with a report stating the truth about the car as we have come across cases of possible mileage fraud and a case of a cloned car at GoBid. The response we received was that it would be difficult as the quantities are large and it would be costly. He also stated these cars are from various banks insurers etc. He further stated that GoBid will allow us to do our own inspections before we bid. His answers are acceptable and understandable. However, they do depict or show a lack of or no interest in protecting the consumer. Now today we were stopped from running a diagnostic, we were not allowed to get the car started and we were also not allowed to check the fluids. How can people bid confidently with these limitations? Now our humble request is, please permit us to run our checks thoroughly to ensure we know what we are bidding on. All other auctions permit such and it’s only you who does not allow it. A diagnostic test is crucial in the process of practicing due diligence, if you do not want us to run a diagnostic, can you please run it and place the report on the windscreen of your cars that can be diagnosed? You can contact us at [email protected] and we can run it on all your cars if you do not have the capacity to do so. Thank You.

VIEW4YOU

30,414 Aufrufe • vor 4 Monaten

Rep. Mark Alford: "President Trump and I and others ran on the America First agenda. What does that mean? It means we have the be the strongest we can be in order to help spread democracy, hope for other countries. He is the peace president."
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Rep. Mark Alford: "President Trump and I and others ran on the America First agenda. What does that mean? It means we have the be the strongest we can be in order to help spread democracy, hope for other countries. He is the peace president."

Aaron Rupar

121,340 Aufrufe • vor 5 Monaten

"I think [AI agents] may be the only actors that we trust with our assets and the only actors that are capable of generating meaningful return on our assets." Sean Neville, cofounder of Catena, makes the case for an agent-native internet built on stablecoin rails: "Once we have stablecoins and we have the ability to represent dollars on internet rails, what kind of new opportunities does that unlock? At the same time we were contemplating that, you could see clearly the web, the internet itself, is going agent-native." "As AI actors become economic participants, they will ultimately be the primary dominant economic participants in the world for all kinds of activities, payments, and otherwise." "Flash forward in a few years, I think they may be the only actors that we trust with our assets and the only actors that are capable of generating meaningful return on our assets."
0:31

"I think [AI agents] may be the only actors that we trust with our assets and the only actors that are capable of generating meaningful return on our assets." Sean Neville, cofounder of Catena, makes the case for an agent-native internet built on stablecoin rails: "Once we have stablecoins and we have the ability to represent dollars on internet rails, what kind of new opportunities does that unlock? At the same time we were contemplating that, you could see clearly the web, the internet itself, is going agent-native." "As AI actors become economic participants, they will ultimately be the primary dominant economic participants in the world for all kinds of activities, payments, and otherwise." "Flash forward in a few years, I think they may be the only actors that we trust with our assets and the only actors that are capable of generating meaningful return on our assets."

a16z crypto

22,052 Aufrufe • vor 4 Monaten

Chamath: Frontier AI Leaders “Created a Total F*cking Mess” Short-sighted fearmongering and immaturity from frontier AI leaders has created deep mistrust, threatening AI’s potential as an open engine of economic mobility. That mistrust gives hyperscalers the chance to position themselves as trusted gatekeepers, using KYC, audit trails, and compliance infrastructure to turn AI into an oligopoly. Chamath Palihapitiya on the All-In Pod: “I think the leaders of the frontier labs leave a lot to be desired. I think what we're seeing is a consistent pattern of evasiveness and immaturity, and I think that does a huge disservice to the entire movement of AI. The key to a vibrant life is rooted in economic mobility, and I think AI is the grand leveler. It is the thing that can enable everyone to have unique amounts of economic mobility because they are unencumbered to figure out what their upper bound is. And against that backdrop, we have to live in this constant doomerism, hype cycle, naivety, and I think it holds us back. How does it hold us back? Tactically, number one, it creates mistrust. I think that Silicon Valley was already decaying in the prestige that it held in American society. We built important things. Then we veered away from that, and we started building less important things. And now we're at a point where we've potentially started to rebuild important things again, but we have this veneer of negativity and mistrust that are created in large part because we just cannot get our sh*t together. And the leaders of the frontier labs are public enemy number one. Number two, I think what it creates, which I think is bad, but what it creates is an incredible opportunity for the hyperscalers. And the very simple opportunity is to convince governments all around the world, not just America, that they should be the gatekeeper. A: You can't trust these guys. B: These models are all over the place. C: Let us be the ones that provision them to the world. We will wrap it in KYC. I've been now talking about KYC for a while, right? Who are these customers? Do they have identification? Why are they allowed to run these models? What are they prompting? Let's keep them so that there's an audit trail. All of these things are going to become issues. The Frontier Lab folks made it an issue because of how they've handled all of this up until now. And what does that create? Now that creates an oligopoly for AI, the most powerful economically leveling instrument we've ever seen in the hands of maybe a handful of hyperscalers, who by the way, would make an incredibly compelling argument, and they would be right. And the only counterfactual to it would be, ‘Well, trust us, guys, it should actually be much more open and in a far more distributed environment.’ Can you imagine the cost and the complexity if you ask the neoscaler to build the same robust KYC or the same VPC infrastructure that Amazon and Microsoft and Google have spent decades investing trillions of dollars in? It's an impossibility, Jason. So you can take all of those datacenters off the map. You can take all of the neoscaler market off the map. All of this was preventable. So instead of a diverse, robust, open ecosystem giving a tool that is the fundamental unlock for humans, we are now going to debate gatekeeping and duopoly versus oligopoly. They have created a total f*cking mess, and it's a shame.”
3:26

Chamath: Frontier AI Leaders “Created a Total F*cking Mess” Short-sighted fearmongering and immaturity from frontier AI leaders has created deep mistrust, threatening AI’s potential as an open engine of economic mobility. That mistrust gives hyperscalers the chance to position themselves as trusted gatekeepers, using KYC, audit trails, and compliance infrastructure to turn AI into an oligopoly. Chamath Palihapitiya on the All-In Pod: “I think the leaders of the frontier labs leave a lot to be desired. I think what we're seeing is a consistent pattern of evasiveness and immaturity, and I think that does a huge disservice to the entire movement of AI. The key to a vibrant life is rooted in economic mobility, and I think AI is the grand leveler. It is the thing that can enable everyone to have unique amounts of economic mobility because they are unencumbered to figure out what their upper bound is. And against that backdrop, we have to live in this constant doomerism, hype cycle, naivety, and I think it holds us back. How does it hold us back? Tactically, number one, it creates mistrust. I think that Silicon Valley was already decaying in the prestige that it held in American society. We built important things. Then we veered away from that, and we started building less important things. And now we're at a point where we've potentially started to rebuild important things again, but we have this veneer of negativity and mistrust that are created in large part because we just cannot get our sh*t together. And the leaders of the frontier labs are public enemy number one. Number two, I think what it creates, which I think is bad, but what it creates is an incredible opportunity for the hyperscalers. And the very simple opportunity is to convince governments all around the world, not just America, that they should be the gatekeeper. A: You can't trust these guys. B: These models are all over the place. C: Let us be the ones that provision them to the world. We will wrap it in KYC. I've been now talking about KYC for a while, right? Who are these customers? Do they have identification? Why are they allowed to run these models? What are they prompting? Let's keep them so that there's an audit trail. All of these things are going to become issues. The Frontier Lab folks made it an issue because of how they've handled all of this up until now. And what does that create? Now that creates an oligopoly for AI, the most powerful economically leveling instrument we've ever seen in the hands of maybe a handful of hyperscalers, who by the way, would make an incredibly compelling argument, and they would be right. And the only counterfactual to it would be, ‘Well, trust us, guys, it should actually be much more open and in a far more distributed environment.’ Can you imagine the cost and the complexity if you ask the neoscaler to build the same robust KYC or the same VPC infrastructure that Amazon and Microsoft and Google have spent decades investing trillions of dollars in? It's an impossibility, Jason. So you can take all of those datacenters off the map. You can take all of the neoscaler market off the map. All of this was preventable. So instead of a diverse, robust, open ecosystem giving a tool that is the fundamental unlock for humans, we are now going to debate gatekeeping and duopoly versus oligopoly. They have created a total f*cking mess, and it's a shame.”

The All-In Podcast

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