Anthony Pompliano
Bitcoin Is About to Explode — The Fed Just Ran Out of Tools
🇬🇧 EN🇪🇸 ES
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TL;DR
Research summary
▶ Bitcoin thesis and market stress
The host introduces Visser’s view that the preceding two weeks could prove unusually important for Bitcoin. Visser connects that view to extreme volatility in large AI stocks, which he says reached 80 to 120 in “vol” and fell sharply despite rapid earnings growth, and to pressure in bond markets. He highlights 20-plus-year highs in US 30-year yields and describes US coordination with Japan to intervene in the yen as a possible sign of desperation and limited policy tools. He argues that the large deficit makes higher rates difficult to sustain, while weak labor data, falling wages, and a six-month aggregate payroll measure he characterizes as the weakest since 2012 outside COVID create further pressure. He says AI agents may add to labor-market strain, though he does not expect massive layoffs. Gold, silver, and platinum are breaking out in his view; Bitcoin has not, which he attributes partly to the Clarity Act overhang. He sees Bitcoin holding up amid bad news and Strategy selling Bitcoin, and expects a technical breakout—potentially including retail signals such as Dogecoin crossing its 20-day and 50-day averages—to reignite interest. He frames the combination of a hot AI trade, inadequate job creation, yen intervention, and scarce Fed tools as the broader setup.
▶ Policy limits, debt, and the case for crypto
Asked what the Fed should do, Visser says it has little choice but to keep the economic “train” running given a fiscal deficit of 5% to 6%, falling labor-force participation, and weak job creation. He argues rates should be on hold, while acknowledging that controlling long-term yields is difficult when nominal GDP is strong. In response, the host raises concern that local and state deficits may ultimately be covered by the federal government, adding to national debt. Visser compares the US situation with Japan’s past debt-market pressures, while saying inflation in both countries is above the 2% target but not runaway. He argues that the US intervention in currency markets, the refunding announcement, and limited remaining tools point toward reflation. He sees gold and silver as market signals and expects Bitcoin to join that trade over time. He also forecasts AI agents as a theme for this year and consumer agents, transactions, and stablecoin volumes as a theme for next year, regardless of the Clarity Act. He suggests SEC and CFTC actions might supplement the legislation and potentially catalyze crypto. A sponsor advertisement occupies part of this interval.
▶ AI stock rebound and crypto’s potential transition
The host asks whether the sharp bounce in AI-related stocks after news about Citadel and Situational Awareness is a head fake or a new upward leg; a reported $400 million private-company investment is presented as rumor. Visser says significant deleveraging occurred and that the follow-through after large daily gains is encouraging, while cautioning that he does not expect an immediate return to all-time highs. He favors optical names, cites Nvidia as a sizable position he considers cheap and well positioned for Vera Rubin, says he owns Micron but is not adding, and prefers optical names and Marvell for potential earnings catalysts. For people with cash, he says he would buy dips, citing earnings fundamentals, and predicts that many AI names will reach new all-time highs by year-end. The host discusses buying and holding versus adding as prices rise, while noting the risk of investing heavily near a bubble peak. Visser then argues that capital previously pulled from Bitcoin into the easy AI trade may begin to rotate as that phase changes. He says crypto has lacked fundamentals for hedge funds to rely on, but AI-agent transactions could create network revenues that make the case for crypto more quantifiable and attract funds seeking risk-adjusted returns. He maintains that AI investment and hyperscaler earnings can continue, but notes volatility can constrain hedge-fund position sizes. He describes July as a possible inflection point involving AI-agent pressure on labor, the deficit, and a new Fed chair, and says investors may regret missing opportunities if inflation gives the Fed room to ease.
▶ Physical AI and the compute buildout
The host discusses Hadrian’s factory automation and physical-AI work, reporting three locations and about 3 million square feet, a $1.3 billion raise at an almost $8 billion valuation, and participation by JPMorgan’s strategic defense initiative and Apollo. The host also describes Elon Musk’s Terrafab plans, including his stated ambition for a facility of 100 million square feet or more and his view that it could be the world’s most valuable building. Visser says continued AI development requires more compute, comparing compute’s potential importance to copper and arguing that open-source and frontier models still require compute. He presents Terrafab as part of Musk’s ambition to supply intelligence to humanoids, cars, and machines. He lays out a progression from chat and coding agents to consumer agents and then embodied agents. For investment horizons of two to three years, he prefers focusing on compute, semiconductors, and public companies building infrastructure; in his view, private projects signal what may come over three, four, and ten years. He says the compute investment cycle will continue because more intelligence requires more compute.
▶ Portfolio choices for investors and traders
Asked how individuals might position portfolios around compute and physical AI, Visser separates investors from traders. For traders, he describes reducing positions and holding more cash after a strong run, then adding when signs of panic appear. He says his thematic portfolio of 100 names—including Bitcoin, silver, and Palantir—was up 50% over a 50-day period when he reduced Micron; it later reached minus 10% on a rolling 50-day basis. He recommends watching rate of change as a combined time-and-price measure to identify parabolic advances and sharp resets. He says he rotated money out of Micron and into silver and Bitcoin, acknowledging the timing did not work perfectly but saying it did in July when those assets rose and AI fell. For long-term investors, he says not to worry about the slowdown and to stay invested, arguing that agent-driven memory and compute demand is growing faster than capacity. He attributes to Musk the claim that memory demand is growing by 200% a year while capacity grows by 20% a year. Visser says new facilities take time because of physical, human, and regulatory constraints, while AI agents are not held back by regulation. He advises investors to stay in the trade, while warning traders against becoming overextended when rates of change are high. A sponsor advertisement appears in this interval.
▶ Frontier models, enterprises, and public-company risks
The host raises the difference between trading and holding losing positions, then asks about frontier models versus proprietary technology and specialized workflows. Visser distinguishes AI-native startups from large public companies. He says small, bureaucracy-free businesses can grow with little capital or staffing, while large enterprises move slowly and may resist open-source models because of liability and concerns about errors or hallucinations. He expects large businesses to gain productivity and margins for a time, but argues that AI-native companies could eventually compete with them, including hyperscalers, through faster growth and better margins. He expects Anthropic and OpenAI revenues to grow over the next year to year and a half, mainly through enterprise and research use. He interprets reported changes involving Jeff Dean and Demis Hassabis at Google as a possible sign that talent may prefer personal, ambitious projects over increasing revenue for a large company. The host presents competing interpretations of the departures: dissatisfaction or a desire to start something during the AI boom. Visser calls this uncertainty, says talent is essential to technology companies, and argues uncertainty can compress a company’s valuation multiple, particularly when it has substantial debt; he notes Google issued $25 billion in debt that week. He favors, for now, companies receiving cash from AI investment and exposed to physical constraints, while saying robotics and humanoids could eventually disrupt them. He puts that horizon at 18 months and says he would raise a warning if physical-side progress suggested disruption was approaching sooner. He believes consumer agents still need to develop before humanoids become disruptive.
▶ Seasonality and changing market models
Asked about August seasonality, Visser says AI may be accelerating events dramatically and points to July’s momentum losses as unusually severe in his characterization. He says he is looking through the market’s “rubble” for opportunities and is not following calendar seasonality as before. He argues that older market models and indicators based on long backtests may be disrupted by the speed of AI-related change. The discussion also revisits uncertainty around Google’s talent changes and the possibility that public companies could face longer-term growth pressure, while Visser’s near-term thesis remains that physical compute constraints support some businesses.
▶ SpaceX valuation and closing outlook
The host describes SpaceX shares moving from $135 to above $200, then down near $100, and back to $127–$128, alongside a share unlock and Terrafab news. Visser says he is not adding SpaceX to his portfolio, but considers its compute business highly valuable. He argues that the company’s ability to build large GPU clusters quickly gives compute value beyond the space business; his proposed framing is to value the company on compute and treat space as a free call option. He says a move back toward $100 could represent value on that basis. The host mentions uncertainty about how long Terrafab would take and frames its execution as a major bet on Musk. Visser then reiterates his view that recent trading days may be a major inflection point: high global debt and limited central-bank tools could redirect capital, while the AI trade has shown that gains will not be easy. He expects crypto to benefit as finance professionals are pushed or drawn into the space through AI-agent activity. He says he plans to add a crypto section to his paid work from late September into early October and will cover Bitcoin and the AI market’s rebound. The episode closes with promotional requests and an announcement that the host and Visser will speak again next week.
Full transcript
[0:00] Anu away elle aamineh an innal,
[0:02] Bitcoin crowd
[0:04] lowsiisoonuh inkih tan teknoloojih ximmo kinnim tamixxige.
[0:06] Anu tamah qimmo kinnim akkaleeh,
[0:09] tatre 2 [music] ayyaamih addat geytimnaah,
[0:13] All right, ladies and gentlemen,
[0:15] ta ayyaamah Jordy Visser luk kaxxa walal abneh sugne. Jordy
[0:17] ellecabo 2 ayyaamih addat
[0:19] Bitcoin kaxxaam nabam maca kinnim tamixxige. Usuk elle yascubennal nanu
[0:20] wadirih waginnam kee asmatah
[0:22] Bitcoin
[0:23] aydaadul namma ayyaamih addat sugtem yascube. nanu kalah edde yabnam
[0:25] AI tellemmoh addat takkem. macaay AI
[0:26] aksiyoonitte kaxxam kah uguttam? toh
[0:28] gubal sugte hinnay usuk yakkalem toh mangom
[0:30] raddaama? Tokkeek nanu
[0:31] angagoyyi AI fan culle. Tesla
[0:33] kee SpaceX xisneh terrafab lih maca takkem? kee mannal hununuh
[0:37] too kampaanitteh caddo taqabi kataaseleeh? Kee tokkeek
[0:39] Anu Jordy lih addatinoh addat cula.
[0:41] Anu kaxxaam gibdi esseroora kaah essereeh,
[0:42] away Googlel mannal lowsissaah,
[0:44] mango talentitte raqteeh? Usug
[0:45] SpaceX xaamam faxaa? Usug
[0:47] away tan caddo wagittaamak maca yakkaleeh? usuk mannal yascubeeh mannal
[0:49] aksiyoon tellemmo?
[0:50] toh kee mangom, mangom mangom ta
[0:52] walal Jordy Visser luk.
[0:53] Inkih meqeh, Jordy, atu laqna lito too
[0:55] tatre 2 ayyaamih addat hinnay kaadu
[0:57] inkih tan 2 ayyaamih addat Bitcoin kaxxaam faxximta
[0:59] waktil.
[1:01] Atu takkel takkeh tanim takkaleemih yab.
[1:02] Yeey, anu Anu warkatak gaba kaleh an. Um
[1:06] [clears throat]
[1:06] La- tatre ayyaamah mango
[1:09] wakti yoo kassiise Brazilil 1998. Kee Anu Tah Tah dagoom
[1:13] beyta. Atu inki inki kattat esseroora essertam duddah,
[1:16] anu tamah elle gexa arac aaxaguk suge waytaamih taagah, laakin
[1:18] Tohih taagah,
[1:21] inki numma elle tan caalatal, situational
[1:24] awareness lito, toh kaadu, qimmoh addah xaagih addat sugte.
[1:27] kee atu alsi lito nanu rakiiboh aydaadi fayya nuble qadli
[1:34] qadaagah addat.
[1:36] AI migaq elle geytimam
[1:39] volatility meqennal geytimam takkay immay anu axcem
[1:41] Bitcoin elle
[1:44] geytimam tatre tabna sanatih addat. Nanu too
[1:46] migaaqittek mangom lino too kaxxam naba
[1:48] kampaanitte tangayye 80 ilaa 120 gidaar
[1:53] dariifal.
[1:54] Kaadu tekkeh tan kasaara qaynat elle
[1:57] tamixxigem,
[1:59] fundamentally sound le tellemmoh addat, lakqo
[2:01] sissikuk dadaltaah,
[2:03] sahlinuk celtah tan,
[2:05] tama caagiida inkih fund wagsiisak violently radde
[2:07] . Toysa, woh inki gammi.
[2:09] LTCM 1998. Nammeyhaytô caddoh
[2:13] Warsh isi qaynatih naharsi fokkaaqoh qaynat luk suge. Nanu
[2:16] ta daffeyna fan
[2:18] 50% gaba bahtah tan saami luk genne, atu taaxigeh, 40% gaba bahtah tan saami luk sugneeh,
[2:21] usuk uh fayya haanam faxximta. kee
[2:26] kulli num wokkel rakiibook cabe,
[2:28] assacokki ugtam qemmiseh. usuk yaabe
[2:31] numma too xer waktih murtisso
[2:34] taama kaah abak sugte. Kee nanu
[2:35] tatre ayyaamah usuk elle
[2:37] iyyennal, "Nagay, bas
[2:39] qadaaga maca abtam wagita. Anu qadaaga kataata
[2:40] ."
[2:42] Okay, tohih taagah long-term yields kaxxaam
[2:43] qimmoh addah gexak sugte, laakin tohuk lakal jumqaatah,
[2:46] qadaaga alfimteek lakal,
[2:48] kaxxa tuxxiq le caagidih
[2:50] hangi kah geytimem yot celta
[2:51] .
[2:53] Mankel US,
[2:56] 1998 xabba haanam, too sanat LTCM luk,
[3:00] BOJ luk koobaahisak
[3:03] yen lakqoh addat culte.
[3:05] kee tah inkih hallmarks niya yirgiqeh
[3:07] . Kee atu kaawisse wak
[3:10] , inki inki adda, "Okay,
[3:13] nanu numuk teyna bail out abnam fanna. Nanu
[3:15] lakqoh lowsis abnam fanna. Nanu
[3:16] Silicon Valley Bankih lowsis abnam fanna
[3:18] ." Oson kaxxam qadoh. Fanal takriyem mafaxxinta
[3:21] . tah yaanam
[3:22] warigga soolisaanama.
[3:24] Tama caalatal, Ameerika
[3:28] Jappaan
[3:29] dollar yenil, away lowsis gubat gacteh tan,
[3:34] BOJ's lowsis gubat gacteh tanim
[3:36] kee kulli num,
[3:39] "Oh, kaadu tatre ayyaamah maca tekkem
[3:41] ?"
[3:42] Nanu
[3:44] 20-ossotina sanatih fayya abne 30-liggiditteh murtisso
[3:46] US addal.
[3:48] bond qadaaga, taturte 2
[3:50] sanatah, xiinisso lih qiddeyti firtal sugte
[3:53] . Tah tekkem
[3:55] kulli sidiica dosis hinnay
[3:57] dislocations nanu nubleh nan, baxsa luk
[3:59] liberation ayro, nanu
[4:02] qadli qadaaga wagsiisak lowsis abnam madudna. kulli num
[4:03] dagoom meysitah, takkay immay inki adda caddo
[4:05] fayya intam qimmisse, nanu
[4:07] caagid lino. kee kassit, tah inkih numma luk takkem
[4:09] nanu uxih kaxxa kasaara linom
[4:15] kee atu caddo fayya haytam madudda. tonnal,
[4:17] inki xaqul, usuk qadaaqadisak suge
[4:19] ux-uddur caddo addah obtuh. meqeh, away
[4:20] usuk kaqalso geeh. kee wadirsi ellecabo, nanu
[4:22] 30- sanatih caddo fayya iyya. kee
[4:24] iyyaay kaxxa mabbux 30 sanatih caddo?
[4:27] Jabbaan.
[4:28] tonnal, atu toh inkih ittat hayya hayteh tokkeek
[4:31] anu qadaaga gacsa wagta.
[4:33] Toysa, Itleenih subci fakkiima.
[4:36] Anu qagitaak lakqo xaama.
[4:39] kee anu ablem faxam mannal ta duyye tellemmo ayyaamat
[4:41] . Anu inni
[4:43] intuition numma kinnim ablem faxa, toh yaanam, meqeh,
[4:45] bond lowsiisam faxxam,
[4:48] atu asliik inki qaynatih
[4:50] matbaqat abtam faxxa.
[4:51] Tokkeek nanu lakqoh gacsiyyih aysaxaaxag geyna,
[4:54] milaagi elle ane sinni aracal, toh kaadu
[4:56] game on to me iyyaanam, maqna akak
[4:59] nanu abnam dudnam elle ane sinni aracal.
[5:01] Tokkeek atu asaaku taamah gabbaaqu geetto. kee anu dubuk
[5:03] ummattah warsam faxam kah kinnim anu qidaddo
[5:04] mixigitte
[5:06] taama abeynit qadaaga wagsiisak yabtam celtaah,
[5:08] nanu wokkel daffeyna. Alsiita garuq sinnim radak geytimta
[5:10] . asaaki gabbaaqu boolale luucul inkih
[5:13] . dubuh
[5:16] qaku luk masuginna, atu beyta wak amo ladi meklah
[5:18] ixxima, toh
[5:20] beyta saaqatitteh akkaawonti, qasbi kee
[5:23] ummattah ixxima tamlimte hinnay diiriyte, kee atu tablem
[5:25] taturte 6 alsitteh addat, tonnal
[5:27] 3 alsitteh hinna, hinna 4 alsitteh, 6 alsitteh,
[5:30] nanu qaku le caddot nan rolling during6th on 2012
[5:38] .
[5:40] tonnal, macaay toh yoh warissam nanu arduk iroh
[5:42] pooliisi doorititte tah lih taamitnuh.
[5:45] Laakin inki caagid anu axcem,
[5:47] atu rates lowsiisak gexxam faxxam kee
[5:49] atu Treasury
[5:51] perspectiveik Fed lih yabtam faxxam, nanu
[5:54] Jappaanal repo facility akah geytannah abnam fanna,
[5:57] ta FEMA exxal, kee nanu
[5:59] cap akah geytannah abnam fanna.
[6:01] Tah usuk
[6:04] Jappaan Treasuries xaamiyyih dudda akah geytannah abak sugem takkay immay,
[6:06] kulli num elle
[6:08] yaaxigennal nanu
[6:11] taama abeenit qadaaga qaduuk lowsis gubat tan exxal nanno
[6:13] . Anu edde yaabem melleb
[6:15] kubqih milaagi wakti
[6:17] caddok addah yaniimi. Tohih taagah atu uxih qasbi lowsiisak geytimtaah,
[6:20] asaaku saaqatih addat geytimta lakqo away
[6:22] sanat sanat 3.2% gaba bahtaah,
[6:24] ta taqabih addat geytimta.
[6:27] anu akkalem nanu taqabi addat nanim kah kinnim
[6:30] AI awlaytit tamaateh. Taham fan tah
[6:33] tamlisiyyi caagidi. Anu
[6:35] massive layoffs ablennom makkala, laakin
[6:37] nanu elle geyneh nan ximmo awayih uddur inki addaak
[6:39] muxxi tightening
[6:42] xissimteh tanim sanat gaba kaltiik naharal
[6:44] . Kee assakat le gurral nanu akke fan
[6:46] nemeete wak, uxih 44% gaba takke
[6:50] September alsak daffeynal geytimta. away mangom takkem faxximta melleb kubqih oyti ciggiila ayyaamat
[6:54] awqele.
[6:55] takkay immay yi yi
[6:57] dagar inki caagidih gacsa yaceeh
[7:00] dahab yaddigilleeh, pilaatinim
[7:02] yiddigilleeh, lakqo yaddigilleeh.
[7:04] Bitkoyin awakâ fanah maqaddoosinna, takkay immay
[7:06] toh kah kinnim, Clarity Act
[7:08] tamah elle tamixxigeh tan innal. Laakin inki
[7:10] Bitcoin abeh yan
[7:12] uma xaagih foocal, Clarity
[7:14] Act 50 meqennal gexa,
[7:17] 40%
[7:18] inkih 17 fanah gexak ta
[7:21] sanat.
[7:23] kee inki ximmol too macgaggur
[7:25] Bitkoyin xaameh.
[7:27] kee dubuk toh qaynat hinna takkel waxeexih,
[7:30] toh xayyowteh qusba qaynatih
[7:32] ux-uddur fayya. Tohih taagah anu away elle aamineh an innal
[7:36] inkih tan
[7:37] Bitcoin ummattah gabat agle
[7:40] tekniik digloh ximmo kinni. kee anu edde
[7:42] yaabam numma too yoh
[7:45] Dogecoin digloh dagal the
[7:48] 20 ayroh gexoh caddo, 50 ayroh
[7:50] gexoh caddo, nanu qimmisneh nan
[7:51] digloh uddur retail exxal,
[7:54] anu akkalem tah qimmo, kee anu
[7:55] akkalem nanu wadirih waginnam
[7:57] tatre 2 ayyaamih addat
[8:01] running nanu ta laqin tellemmo, toh ascossih AI're.
[8:03] lakqok, nanu
[8:07] fannam taamah afkan akah ginnimtannah abnaah, yen intervention akah abnam faxximta taamah afkan akah geytannah abna
[8:13] . tonnal, nanu arduk laqna fan silaacitte dagna Feed
[8:15] .
[8:17] Fed maca abam faxximtam takkaleeh?
[8:19] Anu anu akkalem oson doorit malon
[8:22] caagidil. Um anu elle axcem fan,
[8:25] atu taaxigeh, anu atu lih ardem faxa
[8:27] ta baabur dacrissuh.
[8:28] Ta baabur soolisaanamih gita mali, inkih tan
[8:29] Lind Alden, atu taaxigeh, uh
[8:32] uh mabla takkel.
[8:34] Uxih
[8:36] 5% ilaa 6% fanah fiscal deficit lito wak,
[8:38] atu elle sugtennal abteeh,
[8:39] atu inkih ta dadal
[8:41] equity luk sugteeh, inkih tan caagiida tekkeh,
[8:43] nanu taamah afkan akah ginnimtannah abte. Anu kiciyyoh Anu maaxiga mannal axcem
[8:46] . Anu I Nanu tahak
[8:47] dumal yabneh sugne, takkay immay xooquh xiinâ
[8:49] gabat agleh caddo salactah tan. Kee is kaxxam radda
[8:51] .
[8:53] I Ummatta qidaddo mixigitte ankacisaanam soolisaanam faxximta,
[8:56] nanu
[8:58] caddo fayya haynam faxximta, nanu tamah abnam faxximta, nanu edde gennam faxximta
[8:59] . Nanu
[9:03] AI agents qimmol nan, inki num
[9:05] kulli num, yoo edde anuk, koo hinna
[9:08] , cuz atu
[9:09] optimist hinnito, atu uber optimist celta,
[9:11] um
[9:13] has underestimated
[9:15] is AI sissikuk magide takke taqabi le. toh
[9:17] xaggimtam qimmissa wak, toh
[9:19] sissikuk gexxa, kee anu akkalem taamah
[9:21] caalat away qimbiseh yan
[9:23] kaxxa caagid aracat gace waam
[9:25] , takkay immay anu dubuk makkala too
[9:28] atu xooquh xiinah gabat agle lito wak, xooquh xiinah
[9:30] xayyos wadirih gexa, kee
[9:32] qasbi fayya iyyam hinna,
[9:34] anu akkalem oson faxan
[9:35] hold, takkay immay oson faxan
[9:37] toh kaxxam
[9:39] gibdi caagid migaq GDP
[9:41] maqar le wak.
[9:42] Anu
[9:45] inni misinkacal um pontificate abak geytimam,
[9:48] tama qaynatih sooshalistih poliisitteh addat [clears throat]
[9:49] , kaxxa
[9:51] doolatittek rakaakay kee rakaakay
[9:52] caddol geytimta.
[9:53] Um oson
[9:55] sinni balansi booxal booxal geytimaanam kee
[9:56] nummaak kaxxa deficit geytimaanamih taagah, ken
[9:59] playbook taarikih addat federal doolat fanah gacissa heenih,
[10:02] cover akah aban innah esseran. Kee atu taaxigeh,
[10:04] microcosm wagittek, New York magaala
[10:06] basically state fanah gactaah, Albany fanah gexxaah,
[10:08] "Hey, we need" axcuk
[10:10] 4 bilyoonih doolar celta.
[10:12] Away, oson hey, nanu atu taaxigeh, nanu
[10:13] budget balance abneh sugneeh, faxe way, lowsis abneh sugne
[10:15] , laakin, asaaku,
[10:17] qunxa doolat fanti doolat fanah gacissa hayteh
[10:19] ,
[10:20] lakqok dagoom yoh ucuy, atu taaxigeh, cover up
[10:22] this uh this gap. Meqeh, tokkeek
[10:24] doolat gap geytam, tokkeek oson wadirih gexaanam
[10:26] , oson federaal doolat fan gexaanam
[10:26] . Kee tohih taagah, qaxmeqe gurral,
[10:28] federaal doolat dubuh hinnay,
[10:30] federaal doolat
[10:33] inkih tan
[10:34] doolat kee rakaakay
[10:36] caddol tan missoynaanih safah lowsis abak, ta
[10:38] agat caddol tan lakqo kee ta kaxxa caagid dubuh sissikuk abta, hinnaa?
[10:40] Yeey,
[10:41] anu axcem, atu maca kinnim
[10:42] baxxaqissam kee qagitaak, um
[10:44] away Jappaan kee
[10:46] Ameerikah fanat yan angaaraw wagsiisak,
[10:48] akkel angaaraw yan. Anu Jappaanal suge way
[10:50] 1998, Jappaan magaalal dubuk mogo digir luk sugte
[10:53] . kulli num JGBs uxxuk gabbate.
[10:56] Gubna bicse deqsitak sugte. Toh
[10:57] inkih tan ximmo. meqeh, away takkel nan
[10:59] , sissik fooca fan 30, atu taaxigeh, 30-ish
[11:01] sanat.
[11:02] US hununuh Jappaanal tan caalatat tan
[11:04] . Abuud-to-GDP caddo
[11:06] inki gide akke waytam bictah, takkay immay away
[11:08] Jappaanal limoh lowsis leh yan caalat lino.
[11:11] Ameerika melleb kubqi le. tah kudde melleb kubqi
[11:13] ? Asmatah hinna. tah
[11:15] melleb kubqi innaa? Yeey, tama
[11:17] 2% target hinnay faxe way ummatta edde
[11:19] angaluk geytimtam faxximta.Tohih taagah, ku ximmo kee
[11:21] kulli num edde yaabam,
[11:23] Bitcoin away taqabih sabab, kataysis tekkem,
[11:29] Ameerikah doolat
[11:32] yen xaamtuh euro limmoysak cultem kinni. kee atu
[11:34] inkih tan sababittel gexxam faxximta too oson
[11:37] tah abeenih. Xakak le
[11:39] lakqo, oson tahak bisoh abam maduudan
[11:41] . Nanu silaacitte gaba kalteh nan. Kee
[11:43] atu silaacitte gaba kalteh tan waqdi,
[11:44] lakqoh gacsiyyih aysaxaaxag yewqeh yan waqdi, atu
[11:46] asmatah tamakkel
[11:49] ninni gitah reflate abnam faxximta ximmol tan. tonnal, dahabat doqaysim uguugus ximmoh innal
[11:51] . kee anu
[11:53] qadaagoogi ablem faxa gita
[11:55] taturte bacureh tekkem macaay? meqeh,
[11:56] qadaaga makro tattab iyyam, nanu
[11:58] dahab xaamnam faxximta, nanu lakqo xaamnam faxximta.
[12:00] Nanu meqennal geyne, Bitkoyin tamahat bictam faxxa
[12:02] . Dago
[12:04] wakti beele, takkay immay anu inki
[12:05] ximmo fan qagaaqagitak aduureyyo.
[12:08] AI awlaytit a sanatih ximmo.
[12:11] ciggiila sanatih ximmo adoobi
[12:14] awlaytit, toh yaanam tabaatabsa kee
[12:16] xongoloola stablecoinit duqaysimak. toh takkuh gexxam
[12:18] faxem takkay qaddoysiyyi gaanun.
[12:20] kee anu nummaak akkalem qaddoysiyyi madqa
[12:22] qaduuk {quote} {unquote}
[12:24] ta sanat tekkem. Nanu SEC
[12:27] kee CFTC sissikuk tamakkel geytimta maritteh addat geytimta maritteh addat geytimta maritteh addat geytimta maritteh addat geytimta maritteh addat geytimta
[12:31] . Akkuleh
[12:34] toh kataliiz too ta duyye
[12:35] gexxam kee toh hununuh too
[12:37] ximmol gexxam qimbisele.
[12:38] asaaki exxa siinih bahtem
[12:40] Galaxy One. mango mari sinni
[12:42] lakqo keenih taamita, takkay immay away
[12:43] essero, mannal gibdih taamittaah? Kee
[12:46] Galaxy One, oson baxsale
[12:48] xayyos geenih. kulli num 3.5% APY
[12:51] Gaalaksi inki lakqot geya. kee atu
[12:53] sanatal 200 girandi abtek, toh yaanam atu
[12:55] gaddaali kinnito yaanama. Sanat addat 200 grand lakqok dagah lakqo geytam faxximta,
[13:01] Galaxy Digital 8% gabah agle lem tamixxige. Taway,
[13:03] meqe exxa kinni way,
[13:05] woo fayxi automatically reinvestment abtam duddah
[13:07] ,
[13:09] ETFs, hinnay crypto. Atu
[13:11] kulli alsal tascubem mafaxxinta. numma tan away, ta
[13:14] nammeyhayto, Galaxy tiya cabbooteh yan
[13:16] maysaxxaga. Atu 3,000 dollaar ossotina geytam duddah
[13:19] 10,000 dollaar akkek tohuuk dagah lakqo
[13:22] akkek kiripto daffessa wak. ku lakqo kunnal
[13:24] maqarluk taamite waytek, tah udduruy angagoyya edde abta.
[13:31] 3,000 dollaarih ossotina geytuh galaxy.app/pomp asaaku cultam qimmis.
[13:33] Qagitak, [gad] galaksi.app/pomp. Asaaku ken wagit
[13:36] .
[13:38] Away, nanu AI stocks qaduuk qimmoh addah limmowteh tan
[13:41] namma ayyaamih addat
[13:44] nek ellecaboh walal kee caalat
[13:46] wagitto. Oson qaynat koo yaaxigeenih,
[13:48] Ken Griffin swoop in wagitak
[13:51] kaxxaam uma caalat ken gabat geytimam tamixxige
[13:52] . nanu qangara geyneh woo
[13:54] caalootah hangisso uxih manol taniimi. Oson
[13:56] uxih dago lakqo geenih. oson hudunuh
[13:57] 400
[13:59] milyoonih dollaar gersi canka kampaanitteh investi abeenih yanin xaagi yan. toh numma tekkek akke waytek
[14:01] , atu taaxigeh, nanu qaynat ablenno too afkan mannal digraanam
[14:03] . maca tekkem sissikuk
[14:06] too Citadel xaagi tootoke waayir takkay immay
[14:08] AI aksiyoonitte bounced nummaak gibdih. Anu
[14:11] inni kataysa liyooh,
[14:13] inkih tan cayli migaaqitte,
[14:15] data center, atu taaxigeh tan, hyper scalar
[14:18] qaynat
[14:19] HPC atu taaxigeh tan, kampaanitteh qaynat kee usuk
[14:21] literally screenshot qaynat yoh ruube
[14:24] kay stock tracker. Caagiida
[14:26] inki ayroh addat 2030% fayya inte. Migda? Anu axicemi faxxami toh
[14:28] hununuh kaxxam kaqite.
[14:30] tah moyya dirab hinnay ta qaynatih ciggilta ibah ugte
[14:32] away too nanu qammalnam
[14:34] too AI migaaqal?
[14:35] meqeh, kee anu axcem anu anu yaabeh nanu
[14:37] uxxuuk edde yabne taturte bacureh addat. yi
[14:39] viidiyol, anu rakiibook daffeysem gubal Al esseroh asta
[14:43] . Um
[14:47] Anu woh sugtem yot celta. Anu innih yan numuk,
[14:50] atu inkinnah mataaxiga, mango
[14:51] deleveraging takkem faxximta, laakin
[14:52] tama caagiida ta ayyaamah raddi elle teceeh tan innal
[14:54] kee kaxxa tuxxiq le
[14:56] atu taaxigeh, anu mango baxaabaxsale metrics edde xoqoysimak, qaynat elle tamixxigem
[14:59] , panic point.
[15:03] Nanu qaduk luk sugnem faxximta ixxima
[15:05] deleveraging kah kinnim volatility
[15:07] kaxxam fayya le too migaaqitte.
[15:09] Anu innih yan numuk, inkih tan waktih addat, inki bar, inkih
[15:15] tan migaaqitte liyooh, yeey,
[15:20] inki inki caagiidal, ayrol 10 20% gaba bahtam dubuh
[15:22] hinnay, follow-through, walaa
[15:23] subci gexsitak sugtem, wokkel tan. Um atu
[15:25] meqe riig tablem qimmisseh tan
[15:28] meqe xaaguh meqe gacsa taceem. anu mangom hangi kah ecem ta ximmol
[15:33] optikaal migaaqitte. kee sabab
[15:35] optikaal migaaqitte tannah yan hangisso kah
[15:37] kinnim Vera Rubin yamaate. Uh anu
[15:40] meqe-size position liyo Nvidia kah
[15:42] kinnim Nvidia meqe tellemmo dubuh hinnay,
[15:45] qimmoh addah,
[15:47] laakin Vera Rubin away yamaate,
[15:49] ummatta
[15:52] qusba caagid faxxaamih taagah. Kassit migaq amqele
[15:54] . Um Anu uxih, atu taaxigeh, Anu Anu Anu koh excem
[15:57] Anu Maykron xaameh. Wokkel daffeyteh tan
[15:59] . Anu nummaak edde osisa kah
[16:00] kinnim anu
[16:02] optikaal migaaqitte geeh, too anu mangom kiciyyo.
[16:03] Marvell Anu uxih mangom faxa, tonnah tan caagiida
[16:06] , kah kinnim anu elle akkalennal oson
[16:07] lakqoh kataysis wagsiisak geytimaanamih taagah. Laakin,
[16:09] anu innih elle ascubennal,
[16:11] tamah elle gexsiisan innal,
[16:13] inki inki lakqoh daffeyna le, anu
[16:17] ta uddur, tama caagiidat faxe dip buyer akkem faxximta, sabab akak, anu innih elle ascubennal,
[16:19] earnings fundamentals keenih beytam faxximta
[16:21] . Kee anu innih elle ascubennal
[16:22] , Michael Hartnett
[16:25] bull-bear
[16:27] indicator kaxxa limmoysiyyih
[16:28] indicator kinnim warsan gabbaaqu xayyoyse way, anu ummatta woo chart tablem faxa
[16:31] . Ta sanatak febraarik xabba haanam, nanu dagoo wadirih
[16:33] hirigneeh, tokkeek
[16:34] fayya genne. Uh anu away axcem faxam
[16:37] AI migaq lowsiisih dubuh
[16:39] hinnay, sanat ellecabol
[16:40] mango marah qusba all-time highs lowsiisih addat geytimna
[16:42] .
[16:43] Yeey, wagit, anu toh akkalem um toh
[16:45] kaxxam faxximta investimentih strategy
[16:48] atu naharal elle xaamtam duddam kee away elle tan
[16:50] innal. Mikron ceelalloh bey,
[16:51] hinnaa? Atu woo migaaqal kaxxam udurrutteh sugte
[16:53] . Atu xaamteh tet, is mangom fayya inte. Atu tokkeek limmosseh
[16:55] . Anu mango mari yanim akkale
[16:57] , "Macaay atu kah
[16:58] limmossam?" meqeh, away atu qagitak culteh tan.
[16:59] Kee tonnal, atu rakiibook tablem,
[17:01] "Heey, toh caddok dagah xeerih, toh wadirih hirigta
[17:02] ." Atu lakal kaadu positionil hayteh
[17:04] , atu taaxigeh, anu innih yan numuk
[17:06] sophisticated investor kinniimih category addat koo culseyyo
[17:09] .
[17:10] Gersi strategy, takkay immay, anu elle akkalennal,
[17:13] crypto baadal tan ummatta baritteh tanim,
[17:15] atu position qimmisseh tanim kee
[17:19] tama caagiida elle gexxah tan innal, atu asmatah
[17:20] kaxxa kibal geytam kee atu
[17:23] keenih mangom qimmisseh tanim. Taway,
[17:25] atu cubbi geytam faxximta cuz
[17:26] bubble tekkek, tohih taagah basically mango mari ku
[17:28] capital gexa, atu taaxigeh, qaynat xaqut tan
[17:29] top. takkay immay ta AI tellemmo, anu
[17:32] axcem anu anu bisoh axcem oyti wagitto
[17:35] kee rakiibook bisoh axcem maqar
[17:37] kee tonnal toh dubuk cussuttam
[17:39] dollaar awqenti amo ladi too ikoyta
[17:41] waktit, atu abtam faxxam baxsime kal
[17:44] oson oobe wak hinnay oson
[17:46] assakat lon, toh taham fan taham fan
[17:48] fantastic macgaggur
[17:50] taturte namma hinnay sidiica sanatih addat. Anu nummaak
[17:52] milaagimam mabla, atu
[17:53] taaxigeh, namma sanat hinnay sidiica sanat, inkih tan
[17:55] existential, atu taaxigeh,
[17:57] caalat elle yakke innal.
[17:58] Inkih meqeh, kaxxa um anu
[18:00] niqibyom kullim away
[18:02] crypto fanah gactam, takkay immay
[18:03] akkel faxximta inflection point tan. Tohih taagah, anu nummaak
[18:05] ummatta elle taaxigennal,
[18:08] ta sanatak naharsi exxal, nanu edde yabneh nan ximmoomak tiyak teyna,
[18:11] AI trade effectively kaxxaam sahlinuk sugtem kinnim tamixxigem faxa.
[18:14] Maqna, kampaanitte ixximaami lowsiisak geytimta,
[18:16] culenti fayya iyyam, inkih tan xaagitte
[18:18] meqeh tanim kee tama stock lowsiisak geytimta
[18:20] . Bitkoyinik inkih tan inayta yayyaaqeenimi
[18:22] . Toysa, nanu wohut yabneh.
[18:25] tonnal, Bitkoyin tukteena makka nanu edde yabnam qimmol mayballa
[18:27] .
[18:28] nanu edde yabnam mango
[18:30] kabxaaba fayxi lem kee oson abinal yangayyeenih yaniinim
[18:32] . atu tukteenay mannal yabtaah too rakiibook
[18:33] 10%
[18:35] caddot sugtaah gersim
[18:36] fayya inta wak?
[18:37] meqeh, away toh milaagimteh anu
[18:39] naharal elle excem, anu qagitak axceyyo, too exxa
[18:41] AI gaba kalteh.
[18:43] Tawak, rufto le exxa akkel tan.
[18:44] Kulli num hangi kah yeceek,
[18:49] hedge funds edde culteh tan crypto kaxxa negative kinniimih taagah,
[18:52] inkih tan momentum,
[18:55] qimmoh addah
[18:57] hinnay, fundamentals.
[18:59] kee taqabi crypto luk tokkel masuginna faxe rakiibok elle qekitaanam
[19:02] . tonnal
[19:04] , macaay milaagimtam faxxam away atu tabaatabsa
[19:07] alleleemi.
[19:09] AI tellemmo, tohuk derret
[19:10] 100% ciggiila
[19:14] 10 sanatah gexsitele. Oson soolisaanam maduudan
[19:17] . Anu qaafo duyye maxaama.
[19:19] Anu mogoh taqabi maxaama. Anu
[19:21] CDS caagid waam mayyu. Anu woo caagiidak tu edde waam mayyu
[19:22] .
[19:24] too massoynaani, hayperscalers,
[19:26] lakqo geytuh gexxa. Sinam tacsubeemik muxxi xayuk akkele
[19:28] . Anu tama ayyaamat wohul warkat fiiriseh an
[19:30] . kee anu akkalem nanu
[19:32] nammayak inkih Gavin Baker essero ankacisneh
[19:33] uh investimentih innal meqeh. Usuku
[19:37] gitah iyye. usuk iyyem usuk
[19:39] silikoon golo fan gexe. Usuk elle iyyennal, "
[19:40] Kompaani, inki kampaani, faxe caagidil
[19:43] uma xaagu yoh taceem kee ablem faxa." Kee woo
[19:46] saaqatih addat abte walalih addat, usuk
[19:48] fundamental data elle iyyennal,
[19:50] usuk
[19:52] wokkel gexaanamih qaago luk sugem tamixxige. tonnal, takkel macaay crypto allelem
[19:55] . AI agents elle yamaate innal,
[19:58] kee inki adda tama caagiida qimmoh addah qimmisneh nan
[20:00] lakqok ugutak,
[20:04] network addat tan transactionitte luk crypto effects kinniimih taagah,
[20:07] anu innih elle warsannal, argument kaxxaam
[20:10] gibdih tan ummatta elle iyyan innal. Anu
[20:12] kassitam Circle ummattah gexe wak,
[20:15] ummatta Bitcoin aracat gactam faxximta axcuk yoh warissam qimbisseeh
[20:16] ,
[20:18] tamah macah takkem faxximtaah, tamah
[20:20] trillion dollar akah takkennah abtam faxximta? Like, I Anu
[20:22] ta caagid aabbem qimbiseh, anu edde yaabam
[20:23] nanu taqabih addat sugnem space addal
[20:26] qadliino le marih qaynat
[20:28] cisab addat gexaanam aabbem. Laakin, sabab akak
[20:29] faxximtam inki adda math
[20:32] ecosystem addal crypto lih angaaraw le,
[20:35] hedge funds wokkel investimenti qimmiseleeh,
[20:37] kulli num
[20:38] sharp ratio elle faxximta innal wagitak geytima.
[20:41] Al badaaqat kaxxa qawwalayla le. tonnal,
[20:44] caagiida 20% fayya inta wak, maca fayramisey? Oson
[20:46] %20 addah oobaanam duudaanah.
[20:49] Hedge fund addal portfolio gexsissa wak,
[20:51] ayrol 20% gaba bahtah tan migaq litooh,
[20:55] portfolio addat geytimta lakqok mangom geytam duddah, hinnay kaadu
[20:57] sissin qaynatih risk limit geytam faxximta.
[20:59] Tohih taagah, anu innih yan numuk, nummaak, nummaak meqeh, qagitaak
[21:01] , crypto, kee anu innih elle akkalennal,
[21:03] inflection point umman way,
[21:05] July alsak 10,
[21:08] Fed fanah culneh nan ximmo kinnim tamixxige. Al awlaytit taama abeenit
[21:11] qadaagal xukko hayta. Nanu
[21:15] kasaara taqabi mannal afdigem nablem faxxiimak sugte. Nanu qusba Fed
[21:17] korsi lino. toh kaal daffeyte, atu
[21:18] hawkish takkem faxxa hinnay atu
[21:20] dovish takkem faxxa? kee kullim too nanu
[21:21] baritnam wala oson
[21:23] hawkish yakkenim faxeenik, oson yakkem maduuda
[21:24] . kee away taama abeenit
[21:26] qadaaga keenih taceem kee taham fan
[21:28] nanu maleyta melleb kubqih matbaqat lino.
[21:30] nanu ablenno ta tii keenih
[21:32] ammo yeceek toh aboonuh. Kee akke waytek, anu innih yan
[21:35] numuk,
[21:36] Micron
[21:38] 100 sanatak addah suge wak,
[21:39] physical AI kee
[21:41] Ameerikah reindustrialization wagittaamal walalenno.
[21:43] namma kaxxa maysaxxagoogi sugte taturte bacuret too
[21:45] anu akkalem nummaak qaynat fakut yan
[21:46] marih intiita. Qimmo Hadriyaanak sugte. oson kuurih qaynat kinnon ayfaf
[21:51] akkek fooca fan kuurih innal. Oson
[21:52] fabrika automating abak sugeenim kee anu elle akkalennal
[21:55] sidiica baxaabaxsale arooca,
[21:56] 3 milyoonih square feet fanah. kee ken
[21:58] hangi inkih mannal oson robotik
[22:01] kee fizikal AI
[22:03] baaxoh addal qagitaak inxastari akah aban innah abaanam kinni. kee oson
[22:05] atu qammaltam duyyek qimbisen. oson
[22:06] xisne, atu taaxigeh, munitions kee
[22:08] gersi qaynatih uh uh kaxxam centibbaaru le qaynatih
[22:10] inxastarih qaynatih harxiweer. Uh takkay immay oson
[22:13] 1.3 bilyoonih dollaar ugsen
[22:16] 8 bilyoonih dollaarih caddo. kee
[22:19] yol, kaxxam faxximta exxa miyyi gabat
[22:21] agle luk suge. Atu litom JP Morgan's uh
[22:24] qaynatih macgaggur kalalih uguugus.
[22:26] Atu um Apollo litom kaxxam qimboh addah limoh
[22:29] kapitaal midriino abta. Migda
[22:31] ? Anu axcem, toh nummaak naba
[22:33] massoynaani too kaxxam kaxxam assakat le
[22:35] . oson lootarih cilaaleh innah digraanam hinna
[22:37] venture game mankel
[22:39] buufaanam kee salataanam kee tukteena fayya haanam niyaata
[22:41] . Oson tama
[22:43] qaynatih, atu taaxigeh, venture-fund
[22:46] industry-focus kampaanitteh addat tan
[22:49] . Atu taaxigeh, tah qusba cankah qadliinoh inna
[22:50] . kee tonnal, anu akkalem toh
[22:52] inki oyti ximmo ceelak sugte. Nammay haytô data
[22:53] ximmo Elon asaaku
[22:55] Terrafab fanah culteeh,
[22:58] "Tah nanu xisnam" axcuk suge. kee usuk
[23:00] yewqeh iyyem toh 100 milyoonih maaqatta
[23:02] hinnay tohuuk daga. Usuk elle yaaminem too baadal mango caddo le xisne akkeleemi
[23:06] . Kee
[23:08] imagery, dimensions ta caagidih,
[23:11] atu dubuk tablem kee atu celtam,
[23:13] usuk walah tamah qimmoh addah wagitak,
[23:15] qaduuk tamah nummaak qimmoh addah gexxam faxximta
[23:17] . tonnal, mannal tablem angoyyi
[23:19] AI inxastarih
[23:21] murtissoh sekteril? kee akkuleh
[23:24] taamah innal qagitak digraanam, atu taaxigeh,
[23:26] oson taama hadlaanam. Anu akkalem Terran
[23:28] Fatz 3,000 taama ginele. takkay immay
[23:30] affaraamoh maaqatta, toh gitay mango
[23:32] robotitte tan sahdayti baxi
[23:34] too luddih addat gexaanam, numma?
[23:37] Yeey, Anu
[23:38] tonnal, takkel takkel takkel gitay anu bas tah axceyyo
[23:40] . Um,
[23:43] anu axcem
[23:45] insatiable demand compute kinnim
[23:48] kee nanu inkih dudda le
[23:49] compute abnam madudna atu dubuh yan gitay
[23:52] tama marih investimentih addat tan
[23:55] ixximaamih addat tan ximmooma celsiisak
[23:57] , Lana xaqut cabnay.
[24:00] Nanu mango AI naallem fannaah, mango AI mango cisab fanna
[24:02] . Tohih taagah,
[24:04] Gavin Baker iyyam, usuk elle iyyennal
[24:06] , open source kinnim kee
[24:08] frontier metal kinnim, uxih inkih tan
[24:10] compute faxximta. Tu hinna
[24:11] .
[24:13] Toysa, cisab cisaabisiyya. tokkel nanu nacsubem
[24:16] cisab ceela gital nanu nacsubem nacaas
[24:18] , nanu kaxxam kaxxam
[24:20] fayxi xaamnam mango cisab.
[24:23] meqeh, cisab atu faxxam Terran
[24:24] Fatz. Asliik, Elon Musk iyyam, yi
[24:30] humanoids dudda le compute mayan. Tohih taagah, anu
[24:33] bilyoonul loowimta sahdayti baxi allem faxek, Marsi fanah gexam faxek
[24:35] , nanu
[24:36] tohih duddale ixxiga mannu. Anu
[24:38] kulli maashinil, kulli
[24:40] kokkobet, kulli tiyah addat ixxiga faxa.
[24:42] Toysa,
[24:43] tamah qemmok sugte ximmo fan aduurele
[24:45] . meqeh, qimbol nanu walal
[24:47] awlaytit lino, nanu sirri awlaytit lino, nanu
[24:49] chatbootitte lino, sirri awlaytit lino.
[24:51] Kooxih awlaytit, meqeh, tohuk lakal nanu
[24:56] qaxmeqe awlaytit kee inkih
[24:59] Jarvis ninni gibdaabinitteh addat geytimna. inki adda nanu wokke gufne
[25:01] , lakal nanu xagar awlaytit
[25:03] . Nanu nummaak
[25:05] dariifal yarde seehadayti ceelo lino, takkay immay oson inkih
[25:06] ixxiga faxan. Kokkobitte
[25:08] ixxiga faxxa. Kullim ixxiga faxxa
[25:09] . Tohih taagah, too
[25:11] walalitte inkih,
[25:12] investimenti exxal, ummatta
[25:15] SpaceX luk sugteh tan giclo qimmisseh tan waqdi, anu kaadu
[25:17] commentil abeh an,
[25:19] TAM celtah tan arac maca kinnim aaxigeh.
[25:21] axcih, woh macaay macaay? Taham TAM
[25:23] araca. Anu maaxiga Anu kiciyyom Anu maxiga Anu Anu wala maaxiga nanu tukteena allennom keenik lakal
[25:28] . midriinoh
[25:29] ximmok, anu ciggiila namma sidiica sanatah hangi aceem faxa
[25:31] . Ciggiltah tan namma
[25:32] sidiica sanatih addat cisab, cisab,
[25:34] cisab wagittaama. Nanu mango ixxiga fanna,
[25:36] mango compute fanna, tohih taagah
[25:37] semiconductors, industry infra-
[25:40] ummattâ kampaanitte infrastructure xisak geytimta
[25:41] ,
[25:43] tama cankâ
[25:44] taamah aracal geytimtah tan uddur, takkay immay tama cankâ taama
[25:46] sidiica
[25:48] sanatih addat, kee affara sanatih addat, kee 10 addat geytimta
[25:49] . kulli num dubuk
[25:51] hangi kah yaceem faxximta kah kinnim ta baabur masoolinna
[25:53] kah kinnim nanu mango cisab fanna ixxigah
[25:55] . Atu tamah katattek macaay
[25:59] ? tonnal, anu
[26:00] midriinoh, anu Jordy ankacisah. Uh
[26:02] Jordy yi mablal Oz Wizard kinnim
[26:05] kee anu kaadu nanu
[26:06] dudda le compute mannu axcuk yaabam obbe. Anu angagoyyi AI obbeh. Anu caydi ceelol tekkem ubleh
[26:10] .
[26:11] Anu woo qaada
[26:13] kee woo mabla inni portofiilot axawah haanam mannal ascubeeh? tah
[26:16] dubuk gexxam kee xaamtam hayperskaler? toh gexxam
[26:19] kee gibbat duyye esces ceelalloh
[26:22] mesenkaca dagnaa kee gersiimi? hinnay hununuh gexoh innal mannal
[26:24] atu takkalem currik tan
[26:26] cankah invester
[26:27] tah xayyoysam duudah? Faxxiima
[26:29] mascassa hinna, atu taaxigeh, cankâ lakqoh,
[26:31] laakin hudunuh anu
[26:33] inni portfolio allocation abtam mannal ascubeeh,
[26:34] atu edde yabtam faxximta?
[26:36] meqeh, anu aaxigeh too nanu
[26:38] wagiita mara kee ankacsa mara lino too nanu nummaak
[26:40] namma gasol bucket abnam dudnah ta
[26:42] esserol. Tiya midriino, kee gersitti
[26:45] kabxaaba.
[26:46] Um
[26:47] tonnal, uh yi viidiyoh addal ta ayyaamih ellecabol, anu iroh
[26:51] daffeyseyyo qaynatih
[26:53] baritto
[26:55] ta sanat tekkem
[26:57] kulli numuh anu axcem
[26:59] AI fanti saykil salac yamaatem kee anu
[27:01] baxxaaqiseh tah numma wagittaama
[27:03] taway sinam kaxxam sinni skis, nanu
[27:05] ximmo naallem fanna sinam dadal
[27:07] essero elle qimmissa
[27:09] . Kee toh hununuh nanu
[27:10] nubleemi. away too
[27:11] uddur
[27:13] qadliino wayteh bofo kee oson raden kee toh
[27:15] macaay nanu nublem.
[27:17] Ummatta invester tekkek, sabab akak
[27:19] bool migaq index bicseemih taagah
[27:22] tekkem nanu edde yabneh nan caagiida dubuh hinnay,
[27:26] Bitcoin edde anuk, kaadu silver edde anuk,
[27:28] kaadu Palantir edde anuk.
[27:30] Taamitak suge wayte caagiida. Tamah
[27:32] anu elle ascubennal kee anu edde yaabam
[27:34] Micron ik yewqeh yan
[27:36] lakqo silver kee
[27:39] uh Bitcoin fanah korsaanam kinni. Toh meqennal taamite waytam bictah
[27:41] , laakin anu koh warseyyo,
[27:44] July alsak 10 ayroh addat toh
[27:46] inkih qimmoh addah AI trade lowsiisih sugte. Anu woh
[27:49] daggoseh suge. tonnal kabxah mablak
[27:51] , anu AI salac axce wak,
[27:53] maca axcem nanu
[27:55] mango lakqo abneh tellemmol afkanitte
[27:58] salcisak, mango lakqo luk sugne, dagoo
[28:01] uddur fan daffeynaah, tohuk lakal
[28:03] atu warigga asta table wak, toh hununuh
[28:04] caalootah hangisso afkanal tan atu
[28:07] mangom osissam duddah.
[28:11] Toysa toh kabxaaba, toh ummattah mannal kak gexxam
[28:13] . Sahlin gitay
[28:14] caagiida cabbu bahta wak kee
[28:16] tamah anu viidiyol
[28:19] 50 ayroh addat milaagi caddo aybulleem, inki
[28:22] indeksi elle gexeh yan innal hinnay
[28:25] Mikron lowsiisak sugem, toh
[28:27] kah kinnim yi thematic portfolio
[28:29] bool migaq luk 50% gaba bahte 50 ayroh addat
[28:33] . Toysa anu
[28:35] daggoseh. Away anu aybulleem,
[28:37] tatre koona sanatih addat
[28:39] 20 gaba bahtaah, tohuk lakal
[28:43] 10% gaba bahtaah, zero fanah cultam faxximta. Tahak 50% lakal ankel geynem fayramisey? Nanu
[28:49] 50 ayroh rakiiboh korkorsimak 10% gaba kalne. tohul, toh naharsi tuma
[28:52] tellemmo abeenitik, atu milaagi caddot duqaysimak qimbissam faxxinta
[28:53] . milaagi caddoh qaxmaqaane
[28:55] wakti ossotinah melleb cogda
[28:58] . Kee toh yaanam
[29:02] AI baadal addat tan caagiida abta waqdi, oson
[29:03] sissikuk gexaanamih taagah, atu tama parabolas
[29:05] kee kee bubbles inki exxal geytam, kee tohuk lakal
[29:07] sissik crashes geytam
[29:09] sentiment qimmissuh, away
[29:10] mango clearing point fanah cultam duddah.
[29:12] Investerwah, Anu edde macisabbota Anu edde macisabbota
[29:13] .
[29:15] Elon Musk SpaceX
[29:17] lakqoh seecoh addat iyyam tamah kaana.
[29:19] kee tah inkih salaamatta luk macaay
[29:20] Terafab. Usuk iyyem mesenkaca fayxi
[29:23] sanatal 200% dadalak geytimta.
[29:27] Kassit duddi sanatal %20 dadalak geytima
[29:30] . Tah anu edde yaabam
[29:32] mesenkaca fayxi fayya iyyaamih sabab,
[29:34] fayxi awlaytit fanah tamaateemih taagah
[29:36] . mangom too nanu idnisnam
[29:39] dijital awlaytit taamittuh,
[29:42] mangom too nanu mango mesenkaca fanna kah
[29:44] kinnim nanu mango cisab fanna. woh
[29:46] xiyitaal caagidi. Yi baxi,
[29:48] internship addat yan, usuk junior
[29:50] sanat culma kolleej, usuk
[29:52] qangara qangarah kutbe yoh ruube anu
[29:54] ta ayyaamat koh ruube rakiiboh iyyem,
[29:57] "Yi AI taama abeynit saqal
[30:01] kulli ayro qunxa awlaytit tuftuceh yan taamah
[30:04] ."
[30:05] tonnal, usuk mango cisaabisiyyat duqaysimak kulli
[30:09] ayro, kee toh macaay mesenkaca fayxi kah fayya intam
[30:11] . 20% gaba takke dudda Elon
[30:14] Musk edde yaabam,
[30:16] Terafab xisneh wakti beyta
[30:17] .
[30:18] faxe duddi wakti beyta kah kinnim toh
[30:20] fiiziksi wagittaama kee seehadayti baxaa kee
[30:22] massoyna kee kullim tonnal. AI
[30:24] awlaytit edde xinta wadir matakka.
[30:26] Tohih taagah, anu dubuh ummatta elle
[30:27] taaxigennal,
[30:29] tamakkel tekkeh tan xaagu kinnim kee supply kee demand
[30:31] inkih out of out of whack kinnim kee tamah
[30:33] anu tamah elle gexsiisam faxximta gita kinnim cedam faxa.
[30:34] Invester kinnuk macisabbootin.
[30:36] kabxah addat idiy. wokkel daffeya.
[30:40] S&P ossotinah %15 geettoomuh ruffa inxic. kabxa abah, kaxxam, kaxxam cubbi gey
[30:43] isi skis caddo
[30:45] milaagi caddo fayya iyya wak.
[30:46] asaaki exxa siinih bahtem
[30:48] Arch ummatta. Archi ummatta hununuh
[30:50] fiddinowteh tet Algorizimik tellemmoh
[30:51] pilaatformi kriptok iroh. Toysa, cubbi ucuy
[30:53] . Taham naba tiya. Taway, oson
[30:55] automatic strategy inkih tan stock,
[30:57] commodities, kee ETFs fanah gexak geytimaanam kee
[30:59] tamah kaxxaam faxximtaamih taagah. Away
[31:00] automatically fayda beytam duddah inki
[31:02] qadaaga qusba inkih tan wakti fayya le caddot culta waqdi kee
[31:04] too capital gersi qadaaga fan korsaanam
[31:05] mango saami taybulle.
[31:07] Kapitaal AI stocks, dahab,
[31:09] S&P 500 fanah investi abtaanam, hinnay
[31:11] Bitcoin culsaanam, Arch Public
[31:13] nummaak adabi kee automation
[31:15] investimenti strategy fanah bahta. ossotinah,
[31:17] oson caylale qusba qisoh kasaarah gaaboysoh silac qemmisen
[31:19] . Crypto kaxxam volatile kinniimih taagah
[31:21] kee tet wash
[31:23] sale rule wagsiisak, Arch Public lowsis gubat gactam duddah, lowsis gubat gactam duddah
[31:27] . tah hununuh macaay
[31:29] kulli gibdi invester abaama.
[31:31] xiso-footima sisdikuk too
[31:32] taamittam kulli lafa le uwwaytih footimal. mango cuso tellemmo
[31:34] matan, mango qisoh saamitte matan
[31:36] , hununuh qaxmeqe
[31:38] , gaba currik tan abnisso atu doorit macgaggur
[31:40] .
[31:41] Archummatta fan gex.com nummaak away
[31:43] . Ken butta luk angaaraw abak,
[31:45] wakti daffeysaanam, faxxek isi accountitte bahtam
[31:46] , tohuk lakal
[31:48] automated trading koh abtam duddam barittam duddah.
[31:50] archummatta.com
[31:52] tonnal, anu namma mabla liyo. Qimbol
[31:54] atu taaxigeh mannal xer waktih
[31:56] midriinoh takkem? kabxaabe akkuk qimbisaay, afkan kol saduh gexa
[31:59] . Tokkeek atu hununuh santa yabbixe
[32:00] akketto, hinnaa?
[32:02] tohul, nanu namma butta lino inki inki way.
[32:04] keenik baali nammayak
[32:05] fanat wadirih gexa.
[32:07] nammeyhayto caagid
[32:08] gersiimih ta ayyaamat, anu dagah wagtam faxxiimak sugte
[32:10] . Anu kassitam woo Elon
[32:13] Kolosus
[32:15] oytih fanteena kaxxam sissikuk xisem, takkay immay anu mannal sissikuk xisem makassita
[32:17] . kee tonnal,
[32:18] anu tet wagte wak, kee toh intem
[32:21] Elon 19 ayroh addat tet xise.
[32:24] Mango uddur 4 liggida beyta.
[32:27] Woysa, qagitaak, woh mannal loowittaah?
[32:29] Akkuleh namma alsitte beytam bictah, hinnaa?
[32:31] nummaak 19 ayro hinna, takkay immay usuk
[32:33] 4 sanat namma alsitteh addat axmuume. Kaxxa
[32:35] assakat le. Anu woh baaheyyo kah kinnim
[32:37] Terafab, toh beytam faxximta anu
[32:39] maaxiga. gersi num tet xisak suge kaa tekkek, toh
[32:40] 20 sanat beele Ameerikal. Migda
[32:42] ? Ta
[32:43] caagid magideh wargu beelem yaaxigem iyyaay.
[32:45] Usuk tama duyye namma sanatih addat xissiime kaa tekkek
[32:47] , uxih,
[32:49] atu taaxigeh, engineering xisneh taamat geytimta
[32:51] . Kee toysa
[32:53] assakat lem akkele. Anu maaxiga Anu maaxiga
[32:55] , koona sanat beytam bictah
[32:56] , hinnaa? Akkuleh inki liggida beytam bictah. Anu innih elle axcem,
[32:57] magide fanah gexaanam faxximtam
[32:58] , laakin anu innih elle akkalennal, atu taaxigeh,
[33:00] nanu qaynat elle haynam
[33:02] ninni Michael Jordan elle haynam
[33:04] kee nanu elle nan innal, hey, atu taaxigeh,
[33:05] have at it. Hayya nabalu wayina magideh sissikuk
[33:07] atu abtam duddam ta tumammi, manni
[33:08] qaxmeqe xabca.
[33:09] kee anu inki num ubleh suuquntal yaabam kee
[33:10] oson tonnal sugen, tonnal yoo away saanih gey
[33:11] .
[33:13] Asliik,
[33:14] ni agat macgaggur inkih inki num kee
[33:17] chaynah inkih tan baaxoh
[33:19] dudda. toh celtam toh nek toh nek
[33:21] [asaaliyya] anaakar. tah inki num tet hirigtam faxxa
[33:22] . Takkay immay
[33:24] , nanu nablem bictah.
[33:26] Macaay gersi tiyay anu edde yaabam faxam
[33:30] kulli wak inki adda,
[33:32] ayrook ayro abah an taamah addat, anu fooca fanah qaynat wagsiisak geytimam tamixxige
[33:35] . Kee anu fooca fanah wagitak,
[33:37] anu wadirih amaateyyom kee ummattah warsam,
[33:39] hey, anu tukteena ubleh anim kee tamah
[33:41] hangi kah yaceenim faxximta. kee tu too
[33:44] taturte namma ayyaamih addat too anu ublem too
[33:45] anu ablem maduuda ta ximmol
[33:49] anu akkalem too ummatta caddok dagah qimmo
[33:51] dudda kee pervasiveness
[33:54] frontier modelitte ken
[33:57] mantafaqqah uddur kee oson qimmol magideh ikoytiinu le
[34:00] teknoloojih mantafaqqa,
[34:02] baxsa, baxsa le taamah gexsit,
[34:04] inkih tan qaynatih duyyek baxsa
[34:08] le murtisso akro kuuritte.
[34:10] Anu aaxigeh, atu inki inki mabla litom,
[34:12] frontier
[34:14] modelih doori kee tama
[34:16] inkih tan caagiidal mannal daffeytam faxximta. Tohih taagah
[34:18] frontier modelitte wagittaamal mannal tascubeeh,
[34:20] aydaadul elle tan innal
[34:22] magaalal dubuk digirak sugte. Kulli num
[34:24] kulliimih ken xoqoysima. Atu away anu elle akkalennal
[34:26] hey,
[34:28] frontier modelitte kaxxaam
[34:29] baxsa le doori lem takkay immay kaxxa doori lem fooca fanah gexxa
[34:31] .
[34:32] meqeh, anu tamah qimbisuh mangeelah gexa
[34:34] . Ummatta gexxam duddah
[34:36] Substack anu ta ayyaamah post abe, toh kaadu
[34:42] intelligence abundance
[34:44] kee toh elle faxximta innal
[34:49] investimenti abnam faxximta.
[34:51] Tohih taagah, anu toh kah baahe sabab,
[34:53] atu esserte esseroh innal, anu
[34:55] namma
[34:56] aracal tan ummatta ta caagidih tascubem faxa.
[34:58] tiya kak AI AI baaxoh addah kabxa qimbissaama
[35:00] .
[35:02] Biirokraasi sinni kobi. Tah taama gine.
[35:05] Um
[35:06] nanu kaxxam dadaltah tan
[35:08] milyoon doolaarih culenti kampaanittey
[35:10] inki num keenik darrel le.
[35:13] Uh yi koba too xamcah bicta
[35:14] .
[35:16] Uh atu kabxa sissikuk dadaltam duddah
[35:19] . Atu tet baarissam duddah.
[35:21] Atu sinaamah caagiida abtam duddah.
[35:23] tah tumbulleh ane wayta fayxih dagna
[35:26] namma kapitaal, takkay immay kaadu
[35:29] seehadayti baxi. tonnal, faxe kabxa wokkel gexxam atu
[35:34] baxxaqissah tan gita. Oson Kuad mafaxan
[35:38] . Oson ChatGPT mafaxan. Oson
[35:40] kaxxa muuci mafaxan. Taqabi
[35:42] kaxxa kampaanitteh addat geytimta waqdi
[35:44] , tama kampaanitteh addat
[35:45] kulli num edde yaabam investimentih addat geytimam kee
[35:48] ummattâ qallih kampaanitte
[35:51] giffole birokraasi kinni. kee anu anu anu
[35:56] tiyak iroh saniitiseh suge.
[35:58] Yi taamah exxal, sin innah
[36:01] kulli num yoo yaaxigeh,
[36:03] anu 30 karmat suge. Yi yi
[36:07] kataysa kee yi kaxxa num
[36:08] 9/11 rabeeh, anu literally
[36:10] essero xayyoysam faxxiimak sugte, anu
[36:12] inni taamah caddol
[36:15] 33 karmat sugeeh, sinam diggalsimak sugeeh, inki inki adda
[36:19] sinam diggalsimak suge. woh yi
[36:21] taama takkem faxxiimak sugte. Anu qunxa mariinol
[36:22] xiinissoh caddo fan gexe. Yi
[36:25] kullim sissikuk gexxeh sugteeh, anu wohut angalam mafaxa
[36:27] .
[36:29] too kobitte, oson margaqa tacee wak
[36:30] , kullim salacah tan.
[36:32] bool num kusaaqisaanam faxximta. tonnal, oson dagoo fakut tan raceenah ceelol wokkel xoqoysil asele
[36:37] ? bale, oson faxaanam
[36:44] heey, ta caagid qellat kataase. Nanu
[36:48] Antropik esserimnam fanna. Nanu
[36:50] ChatGPT esserimnam fanna.
[36:51] Document addat, too mari
[36:53] model screw up tekkek,
[36:55] hallucination tekkek, tukteena elle
[36:57] faxximta innal ruube waytek, risk beyta.
[37:02] Kaxxa massoynaanih addat fakut tan raceenah waleela sissikuk edde yantifiqoonu waan giti mayana. Toysa, inki xaqul
[37:04] , atu gitat tan. Anu qunxa
[37:06] kabxooxi dadaltam akkale kah kinnim taham
[37:08] . Gersi katuk, awayih uddur
[37:11] kaxxa buxaaxih taama abeenit lowsis gubat haytaah,
[37:13] lowsis gubat haytaah,
[37:15] toh kaadu
[37:16] wakti fanah gexsiteleemih akkal liyo.
[37:18] Laakin anu innih yan numuk, atu
[37:19] takkel caagid lem celtaah,
[37:21] ummattâ qallih taama abeenit inkih tan
[37:26] AI native businesses lih
[37:27] meqe margins luk sissikuk dadaltaah,
[37:29] inkih tan businesses lih angaaraw abtam duddah,
[37:31] hyperscalers edde anuk. Anu bas
[37:34] Anthropic kee OpenAI ciggilta,
[37:36] axcih, sanat kee sanat kee qaxah,
[37:38] lakqoh
[37:40] lowsis abnam fanna. Toh inkih tan
[37:41] enterprise kee fokkaaqoh exxah addal geytimtaah, akah kinnim
[37:44] anu innih yan numuk
[37:47] doolat kanser luk mangom angaaraw abak geytimaanamih taagah, tannah tan taama abak geytimaanamih taagah
[37:49] . kee anu akkalem
[37:51] tah cabam, atu tubleh maca tekkem googilil
[37:53] ta ayyaamat. Jeef Diin gexeh.
[37:55] kee inki ximmol, Demis Hassabis
[37:57] gersi doori fan gexa. Kee anu
[37:59] tah duddale xongolo fayya axcem maduuda.
[38:01] AGI AI native baadal
[38:05] Jeff Dean kee Demis Hassabis
[38:07] mangom elle faxximta innal ucsub, Google
[38:10] kampaani kaadu CapEx elle geysiisan innal sinni maqmiilwah addat culenta geytam faxximtaamih taagah ucsub
[38:16] .
[38:19] Kaxxa kampaanih addal, atu
[38:20] qimmoh addah lowsis geytam faxxah tan talentitte,
[38:29] business lakqoh lowsis akah abtannah abtaamak muxxi, legacy akah ginnimtannah abtah tan caagiidal hangi haytam faxxa. kee toh yaanam too acwa
[38:30] caatih too
[38:32] arooca cabtuh gexxa. toh inkih umam ummattah qadliinoh addat
[38:35] ciggiila koona sanatih addat dadal
[38:37] caddoh mabla. tah kaxxam
[38:39] , kaxxam meqe taama gine kee
[38:40] qunxa kabxooxih.
[38:42] Atu googil wagittaamal ceynittah inna? qaduuk inki inki lafa le
[38:44] maritte cabeh. Um Anu namma qadaada abam
[38:46] duudah. Anu akkalem too inki qadaaqada
[38:48] oh googil milaagimak geytima.
[38:50] Jeff Dean 27 sanatah wokkel suge,
[38:52] atu taaxigeh, usuk gexeh. Um Demis
[38:55] Hasabis caagiida. Anu axcemi tama
[38:56] milaagitte inkih tekkeh tan. Uh toh maleyta.
[38:58] Macaay Macaay kok meqe mari, atu taaxigeh, cabti
[38:59] , evolution, step back, w.w..
[39:03] Anu gersi argument abam duudah,
[39:05] "Hey, anu 27 sanatah akkel suge. Uh nanu
[39:07] tet diggosneh. Atu taaxigeh, anu numtin amoh essero
[39:09] inni super skills esseraanam makkala. Uh anu
[39:11] gexam faxam ableyyo anu innih
[39:13] sidoc gexam duudam kee anu innih b'.
[39:14] Agdaabele,
[39:16] assakat le maritte. Kaadu ta
[39:18] dahab qataatakoh inna AI kee faxe
[39:19] wakti yenek, faxe teknolooji gexxam
[39:21] kee gibbataanam, atu taaxigeh, tukteena
[39:23] ninnih xisnam, um tah akkele." kee tonnal toh celtam
[39:26] , oson
[39:27] tukteenak yarden hinnay oson
[39:28] tukteena fan yarden? Nanu celtam inkinnah
[39:30] gacsa manaaxiga, laakin
[39:32] invester kinniimih taagah Google uh lowsis abak mannal takkaleeh
[39:34] ?
[39:35] Atu hununuh gitah inte. woh asmat sinna
[39:36] .
[39:38] Tohih taagah inkih tan
[39:39] terminal value, atu
[39:41] sidiica sanatak lakal kampaani value abtam madudda,
[39:42] Google's baxsa mali. Um toh inkih tan
[39:44] ximmo. Silicon Valley addal tan mango maritte essertek,
[39:48] giclo elle gexsitta gurra maca kinnim,
[39:49] toh talent kinnim tamixxige.
[39:50] Um teknoloojih kampaanih addat, atu umman way
[39:53] qusbaamih hadal kee
[39:55] qusbaamak tamaatem kee tohuk addat gexxam faxximta. Anu innih yan numuk,
[39:57] tatre
[39:59] 10 sanat, 14 sanat,
[40:01] Google kee Apple kee Amazon fanat yan moat
[40:04] , nanu qaynat,
[40:07] ta dirab celsiisenta (security) fanah gexak sugneeh, ken
[40:09] multiple keenik stocks (stock) fanah gexak sugne
[40:11] . Toysa hay nanu away mango mogo neyyeeqeh
[40:14] . Anu axcem googil gersi 25
[40:16] bilyoonih dollaarih caagid ta ayyaamat abe. tonnal, atu inteemih inkih
[40:18] , anu inki gabuuk oggolah. Nanu manaaxiga
[40:19] . Meqeh, atu aaxige waytek,
[40:22] kampaanitteh addal mango compress abtam mafaxximta
[40:23] , baxsa luk
[40:25] business addal mango lakqo leeh,
[40:27] atu aaxige waytek? kee anu akkalem toh tekkem
[40:29] . Tohih taagah anu axcem,
[40:30] anu xer waktih kampaanitteh
[40:32] cash geytam faxah an kampaanitteh addal
[40:35] abundance,
[40:38] maqnisso code. oson
[40:43] nummaak yayseenim tattab angoyyi waadooda too baadal tan. Too
[40:45] digir umman way masuginna, sabab akak inkih tan
[40:47] investimentittey
[40:48] humanoid kee robotics fanah gexxah tan investimentitte inkih
[40:50] tan businessitte fanah gexxam faxximta
[40:51] . Laakin, awayih uddur
[40:53] , ciggiila 18 alsih addat, kee anu
[40:55] umman 18 alsih addat axcem faxa, sabab akak
[40:59] 18 alsih addat awayih uddur, nanu kaxxam sissikuk gexak sugneh nan uddur,
[41:04] qasa simbil ugsaanam hinnay, "Hey,
[41:06] this doesn a'" axceyyo. Awayih uddur,
[41:08] anu axcem, Gavin Baker celta, ni
[41:11] fundamental data qokoltaah, nanu
[41:13] uxih qimmoh addah maqmiilwah
[41:15] awlaytit kinnino, tohih taagah nanu woo marih addat geytimnaah,
[41:17] humanoids geynam faxximtaah, humanoids geynam faxximta
[41:21] .
[41:22] Ogost alsih addat, anu elle akkalennal,
[41:25] Ameerikal korporaatih addal mango mari, "Oh, lowsis.
[41:27] Kullim lowsis."
[41:29] Um, Ximoli alsi kaadu aksiyoon qadaagah mandabbak sahlinih
[41:32] .
[41:36] Atu waktil rakitak baxsale taama litoo
[41:37] ?
[41:38] Anu Atu maca kinnim taaxigeh kah kinnim
[41:41] anu elle aamineh annal um
[41:43] AI sissik caagiida elle
[41:46] taaxigennal, toh 10 adda elle sugtennal
[41:47] .
[41:48] Uh uma
[41:50] sanat faxe wak sissikaane, faxe wak
[41:54] ,
[41:56] Juulay alsal tekkeh tan innal umam hinna. Toysa
[41:59] , nanu melleb angagoyyitte geyna. Tohih taagah, anu elle
[42:02] aamineh annal,
[42:03] July alsak
[42:06] AI tellemmoh sanat kinnim tascubek,
[42:07] toh kaxxa sanat sugte. toh uma
[42:10] sanatak sugte sissikaane. Tohih taagah, anu wagtam,
[42:16] tatre ayyaamah,
[42:18] ummattah sissik catotta elle takre innal, qanxix addat fillaanam kinni. Um
[42:20] I Anu meqe
[42:21] saami lem akkale, kee anu
[42:22] calendar seasonality
[42:24] gitaak hangi kah maaca, innay, nanu elle sugne innal. Anu
[42:26] inkih tan dumaahi ceelalloola qideh. Anu
[42:28] caagiida kaxxam sissikuk gexxam yot celta.
[42:31] Kee tohih taagah, bull bear
[42:32] indicator kinnim, faxe way, anu elle
[42:34] akkalennal, atu
[42:40] 40 sanatak dumal backtest leh tan qusba modelitte elle faxximta innal abtam faxxam, AI baadal
[42:42] inkih ken taqabi kataasak geytimtam akkale. Anu koh liyo illacaboh essero
[42:43] SpaceX.
[42:46] qaduuk 135 dollaarak
[42:48] 200 fan gexxem kee tukteena.
[42:50] Kee tohuk lakal inkih tan gitaak 100 fanah culte.Anu
[42:54] 108, 106 fanah culteh sugtem celta
[42:57] . Um is wadirih 127,
[43:00] [qunti qaddoosa]
[43:00] 128 away. tonnal, toh qaduuk kaxxam
[43:02] taqabi le. Oson kaxxa saami luk sugen alfenta.
[43:05] Um mango xaagi yan Terrab dariifal
[43:07] w.w tanim.
[43:08] Atu portofiilo geyte.
[43:10] SpaceX portfolio addat hayta, hinnay mannal
[43:11] kusaaqissaah, atu taaxigeh, business celtaah,
[43:13] mango kaxxa giclo le,
[43:16] baxaabaxsale marketittel,
[43:18] kaxxa entrepreneur le,
[43:19] laakin kaadu anu elle akkalennal, inki inki esseroora tan, tamah
[43:21] overvalued kinnim? Anu nummat yaabam maaba
[43:22] . tah tah tah ken cisab tellemmo oggol sinni
[43:25] caddo le. Takkel
[43:31] um Elon xissiime
[43:35] colossus uddur record dubuh hinnay,
[43:37] usuk kaadu GPUs
[43:40] kaxxa clusters luk sugeh yan taama abeh yan
[43:43] . Away, usug
[43:45] Berar Rubin lih caagiida abam faxa. Um anu akkalem
[43:48] Dwarkesh 2 ayyaamih addat isi
[43:50] postil yaabeh sugem, Gavin Baker tatre ayyaamih addat
[43:54] hinnay ta ayyaamih addat isi interviewil yaabeh sugem,
[43:59] ummatta elle faxximta innal takkem qimmisseh tanim, toh kaadu tuxxiq le
[44:01] kampaanitteh
[44:03] lakqoh xisneh compute,
[44:05] kah kinnim mango lakqok anti amoci sugteeh, tohih taagah oson
[44:08] inkih
[44:13] adotion abak sugeenim. sissikaane fayya haytam
[44:14] kee anu akkalem toh taqabi
[44:17] too nanu kaxxam sissikuk qalalnaama. Tohih taagah
[44:19] SpaceX fanah hangi haysitak, takkel anu
[44:21] axcem faxam, compute il business value
[44:25] kee tohuk lakal space free geytam faxximta.
[44:28] Kee toh yoh iyyaanam faxe wakti
[44:30] 100 dollar fanah gactaamih
[44:33] taagah compute kee
[44:35] usuk ta duyye xisam duudaamih taagah, tokkel
[44:37] qimmo tan, toh kaadu kaxxa
[44:39] taqabih addat tan business kinnim takkay immay atu call
[44:41] option free on the space geytam faxximta.
[44:42] woh kaxxa gitay tet elle yablen inna.
[44:44] Atu ta ayyaamat isi viidiyol maca aliftam faxxaah
[44:44] ?
[44:45] Uh anu axcem anu
[44:47] mango caagiidat walalenno um
[44:49] Gavin Baker esseroh addat gexa. Uh mango
[44:53] alhumitteh addat tattab AI tellemmo,
[44:56] toh yaanam macaay hununuh addah tanim celta
[44:58] . tonnal taturte bacureh toh macaay toh warigga
[45:00] salac kah celtam. Tawak uguttam celta
[45:02] . Anu tatre ayyaamah
[45:05] ayro fan kattaata, maqna akak inki adda
[45:07] kaxxa bounce luk sugteeh, atu qaynat elle tamixxigem maqar kinnim kee
[45:08] toh
[45:10] ellecaboh ayro 4 ilaa 10 fanah sugte.
[45:13] Meqeh, nanu qaynat fanti addat nan
[45:14] away kee awakâ fanah uxih nummaak
[45:16] , nummaak meqeh uh kee anu celtam hinna
[45:18] memory too op kee as
[45:22] toh kee oson bouncing takkay immay
[45:24] mangom hinna kee tohuk lakal kaxxa tuxxiq le qagitak,
[45:27] anu Bitcoin wagittaamal yaabam faxa. Um
[45:29] atu taaxigeh, anu anu anu edde yaabam
[45:32] kee atu atu taaxigeh tah tamaatem takkay immay anu edde
[45:34] osisam kiripto exxa macaay anu
[45:37] AI abam kee toh qimbisele
[45:39] September alsak ellecabo fan oktoober alsak qimbol kee hununuh tonnal
[45:41] ummatta edde raddam sabab anu edde ossimem
[45:43] paywall gufneh de macaay anu kah abam kah kinnim
[45:46] anu akkalem toh sittat axawah taniimih uddur atu numtin amoh gexa too
[45:53] asaaluk koo footimaak yewqeh oson
[45:54] numma inki qasbih
[45:56] aracal geytimaanam kee number nammay oson
[46:00] AI agent exxah taagah intrigued geytimaanamih taagah. Tohih taagah,
[46:02] kulli num crypto katayak sugeeh,
[46:06] qaada maaliyyah baadal katayak sugeh yan numuh, inkih tan
[46:09] ummattah barittam faxximta, anu Substack addal sissikuk abte angaaraw
[46:11] kee
[46:13] tama nammayak fanat yan angaaraw wagsiisak ascube. Anu elle
[46:15] aamineh annal, tatre
[46:17] 10 ayro, maqna akak,
[46:19] tatre ayyaamih Itleeniik xabba haanam, ta ayyaamih addat, inkih tan
[46:22] tekkooka,
[46:23] qimmoh addah edde yabneh nan tekkooka, nanu wadir wagtenno,
[46:26] kaxxa inflection point kinniimih taagah,
[46:28] baadal tan lakqo kaxxaam gibdih tan. Fanti midraari doorit mali
[46:30] . Oson
[46:32] literally tools gorrisaanam faxximta,
[46:36] ta caagid gexsitak geytimam kee
[46:38] AI tellemmo lakqok sahlinuk gexxam hinnam tamixxige
[46:41] .
[46:43] Kee toh yaanam lakqo kee capital
[46:44] gersi
[46:46] aracal geytimtaah, anu elle akkalennal crypto
[46:48] ascend qimmiseh yan. tonnal, anu inkih buuleyyo
[46:49] viidiyol ta ayyaamih ellecabol. Kaxxam
[46:51] meqe. Inkih yan mari amazing,
[46:54] qaxmeqe labha kee sayyoy
[46:55] ta viidiyoh addal kaxxaam ruffa yoo haytaah,
[46:57] asaaku namma essero siinih xayyosne.
[46:59] Qimmo atu Jordi kataytam faxxinta.
[47:01] Youtube fan gexak, Jordi Visser lih uktub,
[47:04] subscribe button wagitak, digital gabah agle hayya hayteh,
[47:06] gadda gey, hinnay 22V
[47:09] fokkaaqo fan gexxa, Jordi Visser, atu dubuk googil ab
[47:10] , isi dariifal LLM esser, tohih taagah, woo
[47:13] aracal koo culsaanam faxximta. Gexxaay uh
[47:14] wokkel sabiskiraayib ab. Kee tohuk lakal
[47:17] AI lowsis gubat haytuh lowsis gubat haytuh lowsis gubat haytuh
[47:21] CFO Silvia.com fanah gexxa. Atu wohul foyyah taysaqarrimem duuddah
[47:24] .
[47:26] Ni kataysa Jordi, nanu ciggiila ayyaamih ellecabol qagitak yaabenno
[47:28] . Ciggiila ayyam koo ableyyo
[47:29] , bud.
[0:02] Bitcoin crowd
[0:04] lowsiisoonuh inkih tan teknoloojih ximmo kinnim tamixxige.
[0:06] Anu tamah qimmo kinnim akkaleeh,
[0:09] tatre 2 [music] ayyaamih addat geytimnaah,
[0:13] All right, ladies and gentlemen,
[0:15] ta ayyaamah Jordy Visser luk kaxxa walal abneh sugne. Jordy
[0:17] ellecabo 2 ayyaamih addat
[0:19] Bitcoin kaxxaam nabam maca kinnim tamixxige. Usuk elle yascubennal nanu
[0:20] wadirih waginnam kee asmatah
[0:22] Bitcoin
[0:23] aydaadul namma ayyaamih addat sugtem yascube. nanu kalah edde yabnam
[0:25] AI tellemmoh addat takkem. macaay AI
[0:26] aksiyoonitte kaxxam kah uguttam? toh
[0:28] gubal sugte hinnay usuk yakkalem toh mangom
[0:30] raddaama? Tokkeek nanu
[0:31] angagoyyi AI fan culle. Tesla
[0:33] kee SpaceX xisneh terrafab lih maca takkem? kee mannal hununuh
[0:37] too kampaanitteh caddo taqabi kataaseleeh? Kee tokkeek
[0:39] Anu Jordy lih addatinoh addat cula.
[0:41] Anu kaxxaam gibdi esseroora kaah essereeh,
[0:42] away Googlel mannal lowsissaah,
[0:44] mango talentitte raqteeh? Usug
[0:45] SpaceX xaamam faxaa? Usug
[0:47] away tan caddo wagittaamak maca yakkaleeh? usuk mannal yascubeeh mannal
[0:49] aksiyoon tellemmo?
[0:50] toh kee mangom, mangom mangom ta
[0:52] walal Jordy Visser luk.
[0:53] Inkih meqeh, Jordy, atu laqna lito too
[0:55] tatre 2 ayyaamih addat hinnay kaadu
[0:57] inkih tan 2 ayyaamih addat Bitcoin kaxxaam faxximta
[0:59] waktil.
[1:01] Atu takkel takkeh tanim takkaleemih yab.
[1:02] Yeey, anu Anu warkatak gaba kaleh an. Um
[1:06] [clears throat]
[1:06] La- tatre ayyaamah mango
[1:09] wakti yoo kassiise Brazilil 1998. Kee Anu Tah Tah dagoom
[1:13] beyta. Atu inki inki kattat esseroora essertam duddah,
[1:16] anu tamah elle gexa arac aaxaguk suge waytaamih taagah, laakin
[1:18] Tohih taagah,
[1:21] inki numma elle tan caalatal, situational
[1:24] awareness lito, toh kaadu, qimmoh addah xaagih addat sugte.
[1:27] kee atu alsi lito nanu rakiiboh aydaadi fayya nuble qadli
[1:34] qadaagah addat.
[1:36] AI migaq elle geytimam
[1:39] volatility meqennal geytimam takkay immay anu axcem
[1:41] Bitcoin elle
[1:44] geytimam tatre tabna sanatih addat. Nanu too
[1:46] migaaqittek mangom lino too kaxxam naba
[1:48] kampaanitte tangayye 80 ilaa 120 gidaar
[1:53] dariifal.
[1:54] Kaadu tekkeh tan kasaara qaynat elle
[1:57] tamixxigem,
[1:59] fundamentally sound le tellemmoh addat, lakqo
[2:01] sissikuk dadaltaah,
[2:03] sahlinuk celtah tan,
[2:05] tama caagiida inkih fund wagsiisak violently radde
[2:07] . Toysa, woh inki gammi.
[2:09] LTCM 1998. Nammeyhaytô caddoh
[2:13] Warsh isi qaynatih naharsi fokkaaqoh qaynat luk suge. Nanu
[2:16] ta daffeyna fan
[2:18] 50% gaba bahtah tan saami luk genne, atu taaxigeh, 40% gaba bahtah tan saami luk sugneeh,
[2:21] usuk uh fayya haanam faxximta. kee
[2:26] kulli num wokkel rakiibook cabe,
[2:28] assacokki ugtam qemmiseh. usuk yaabe
[2:31] numma too xer waktih murtisso
[2:34] taama kaah abak sugte. Kee nanu
[2:35] tatre ayyaamah usuk elle
[2:37] iyyennal, "Nagay, bas
[2:39] qadaaga maca abtam wagita. Anu qadaaga kataata
[2:40] ."
[2:42] Okay, tohih taagah long-term yields kaxxaam
[2:43] qimmoh addah gexak sugte, laakin tohuk lakal jumqaatah,
[2:46] qadaaga alfimteek lakal,
[2:48] kaxxa tuxxiq le caagidih
[2:50] hangi kah geytimem yot celta
[2:51] .
[2:53] Mankel US,
[2:56] 1998 xabba haanam, too sanat LTCM luk,
[3:00] BOJ luk koobaahisak
[3:03] yen lakqoh addat culte.
[3:05] kee tah inkih hallmarks niya yirgiqeh
[3:07] . Kee atu kaawisse wak
[3:10] , inki inki adda, "Okay,
[3:13] nanu numuk teyna bail out abnam fanna. Nanu
[3:15] lakqoh lowsis abnam fanna. Nanu
[3:16] Silicon Valley Bankih lowsis abnam fanna
[3:18] ." Oson kaxxam qadoh. Fanal takriyem mafaxxinta
[3:21] . tah yaanam
[3:22] warigga soolisaanama.
[3:24] Tama caalatal, Ameerika
[3:28] Jappaan
[3:29] dollar yenil, away lowsis gubat gacteh tan,
[3:34] BOJ's lowsis gubat gacteh tanim
[3:36] kee kulli num,
[3:39] "Oh, kaadu tatre ayyaamah maca tekkem
[3:41] ?"
[3:42] Nanu
[3:44] 20-ossotina sanatih fayya abne 30-liggiditteh murtisso
[3:46] US addal.
[3:48] bond qadaaga, taturte 2
[3:50] sanatah, xiinisso lih qiddeyti firtal sugte
[3:53] . Tah tekkem
[3:55] kulli sidiica dosis hinnay
[3:57] dislocations nanu nubleh nan, baxsa luk
[3:59] liberation ayro, nanu
[4:02] qadli qadaaga wagsiisak lowsis abnam madudna. kulli num
[4:03] dagoom meysitah, takkay immay inki adda caddo
[4:05] fayya intam qimmisse, nanu
[4:07] caagid lino. kee kassit, tah inkih numma luk takkem
[4:09] nanu uxih kaxxa kasaara linom
[4:15] kee atu caddo fayya haytam madudda. tonnal,
[4:17] inki xaqul, usuk qadaaqadisak suge
[4:19] ux-uddur caddo addah obtuh. meqeh, away
[4:20] usuk kaqalso geeh. kee wadirsi ellecabo, nanu
[4:22] 30- sanatih caddo fayya iyya. kee
[4:24] iyyaay kaxxa mabbux 30 sanatih caddo?
[4:27] Jabbaan.
[4:28] tonnal, atu toh inkih ittat hayya hayteh tokkeek
[4:31] anu qadaaga gacsa wagta.
[4:33] Toysa, Itleenih subci fakkiima.
[4:36] Anu qagitaak lakqo xaama.
[4:39] kee anu ablem faxam mannal ta duyye tellemmo ayyaamat
[4:41] . Anu inni
[4:43] intuition numma kinnim ablem faxa, toh yaanam, meqeh,
[4:45] bond lowsiisam faxxam,
[4:48] atu asliik inki qaynatih
[4:50] matbaqat abtam faxxa.
[4:51] Tokkeek nanu lakqoh gacsiyyih aysaxaaxag geyna,
[4:54] milaagi elle ane sinni aracal, toh kaadu
[4:56] game on to me iyyaanam, maqna akak
[4:59] nanu abnam dudnam elle ane sinni aracal.
[5:01] Tokkeek atu asaaku taamah gabbaaqu geetto. kee anu dubuk
[5:03] ummattah warsam faxam kah kinnim anu qidaddo
[5:04] mixigitte
[5:06] taama abeynit qadaaga wagsiisak yabtam celtaah,
[5:08] nanu wokkel daffeyna. Alsiita garuq sinnim radak geytimta
[5:10] . asaaki gabbaaqu boolale luucul inkih
[5:13] . dubuh
[5:16] qaku luk masuginna, atu beyta wak amo ladi meklah
[5:18] ixxima, toh
[5:20] beyta saaqatitteh akkaawonti, qasbi kee
[5:23] ummattah ixxima tamlimte hinnay diiriyte, kee atu tablem
[5:25] taturte 6 alsitteh addat, tonnal
[5:27] 3 alsitteh hinna, hinna 4 alsitteh, 6 alsitteh,
[5:30] nanu qaku le caddot nan rolling during6th on 2012
[5:38] .
[5:40] tonnal, macaay toh yoh warissam nanu arduk iroh
[5:42] pooliisi doorititte tah lih taamitnuh.
[5:45] Laakin inki caagid anu axcem,
[5:47] atu rates lowsiisak gexxam faxxam kee
[5:49] atu Treasury
[5:51] perspectiveik Fed lih yabtam faxxam, nanu
[5:54] Jappaanal repo facility akah geytannah abnam fanna,
[5:57] ta FEMA exxal, kee nanu
[5:59] cap akah geytannah abnam fanna.
[6:01] Tah usuk
[6:04] Jappaan Treasuries xaamiyyih dudda akah geytannah abak sugem takkay immay,
[6:06] kulli num elle
[6:08] yaaxigennal nanu
[6:11] taama abeenit qadaaga qaduuk lowsis gubat tan exxal nanno
[6:13] . Anu edde yaabem melleb
[6:15] kubqih milaagi wakti
[6:17] caddok addah yaniimi. Tohih taagah atu uxih qasbi lowsiisak geytimtaah,
[6:20] asaaku saaqatih addat geytimta lakqo away
[6:22] sanat sanat 3.2% gaba bahtaah,
[6:24] ta taqabih addat geytimta.
[6:27] anu akkalem nanu taqabi addat nanim kah kinnim
[6:30] AI awlaytit tamaateh. Taham fan tah
[6:33] tamlisiyyi caagidi. Anu
[6:35] massive layoffs ablennom makkala, laakin
[6:37] nanu elle geyneh nan ximmo awayih uddur inki addaak
[6:39] muxxi tightening
[6:42] xissimteh tanim sanat gaba kaltiik naharal
[6:44] . Kee assakat le gurral nanu akke fan
[6:46] nemeete wak, uxih 44% gaba takke
[6:50] September alsak daffeynal geytimta. away mangom takkem faxximta melleb kubqih oyti ciggiila ayyaamat
[6:54] awqele.
[6:55] takkay immay yi yi
[6:57] dagar inki caagidih gacsa yaceeh
[7:00] dahab yaddigilleeh, pilaatinim
[7:02] yiddigilleeh, lakqo yaddigilleeh.
[7:04] Bitkoyin awakâ fanah maqaddoosinna, takkay immay
[7:06] toh kah kinnim, Clarity Act
[7:08] tamah elle tamixxigeh tan innal. Laakin inki
[7:10] Bitcoin abeh yan
[7:12] uma xaagih foocal, Clarity
[7:14] Act 50 meqennal gexa,
[7:17] 40%
[7:18] inkih 17 fanah gexak ta
[7:21] sanat.
[7:23] kee inki ximmol too macgaggur
[7:25] Bitkoyin xaameh.
[7:27] kee dubuk toh qaynat hinna takkel waxeexih,
[7:30] toh xayyowteh qusba qaynatih
[7:32] ux-uddur fayya. Tohih taagah anu away elle aamineh an innal
[7:36] inkih tan
[7:37] Bitcoin ummattah gabat agle
[7:40] tekniik digloh ximmo kinni. kee anu edde
[7:42] yaabam numma too yoh
[7:45] Dogecoin digloh dagal the
[7:48] 20 ayroh gexoh caddo, 50 ayroh
[7:50] gexoh caddo, nanu qimmisneh nan
[7:51] digloh uddur retail exxal,
[7:54] anu akkalem tah qimmo, kee anu
[7:55] akkalem nanu wadirih waginnam
[7:57] tatre 2 ayyaamih addat
[8:01] running nanu ta laqin tellemmo, toh ascossih AI're.
[8:03] lakqok, nanu
[8:07] fannam taamah afkan akah ginnimtannah abnaah, yen intervention akah abnam faxximta taamah afkan akah geytannah abna
[8:13] . tonnal, nanu arduk laqna fan silaacitte dagna Feed
[8:15] .
[8:17] Fed maca abam faxximtam takkaleeh?
[8:19] Anu anu akkalem oson doorit malon
[8:22] caagidil. Um anu elle axcem fan,
[8:25] atu taaxigeh, anu atu lih ardem faxa
[8:27] ta baabur dacrissuh.
[8:28] Ta baabur soolisaanamih gita mali, inkih tan
[8:29] Lind Alden, atu taaxigeh, uh
[8:32] uh mabla takkel.
[8:34] Uxih
[8:36] 5% ilaa 6% fanah fiscal deficit lito wak,
[8:38] atu elle sugtennal abteeh,
[8:39] atu inkih ta dadal
[8:41] equity luk sugteeh, inkih tan caagiida tekkeh,
[8:43] nanu taamah afkan akah ginnimtannah abte. Anu kiciyyoh Anu maaxiga mannal axcem
[8:46] . Anu I Nanu tahak
[8:47] dumal yabneh sugne, takkay immay xooquh xiinâ
[8:49] gabat agleh caddo salactah tan. Kee is kaxxam radda
[8:51] .
[8:53] I Ummatta qidaddo mixigitte ankacisaanam soolisaanam faxximta,
[8:56] nanu
[8:58] caddo fayya haynam faxximta, nanu tamah abnam faxximta, nanu edde gennam faxximta
[8:59] . Nanu
[9:03] AI agents qimmol nan, inki num
[9:05] kulli num, yoo edde anuk, koo hinna
[9:08] , cuz atu
[9:09] optimist hinnito, atu uber optimist celta,
[9:11] um
[9:13] has underestimated
[9:15] is AI sissikuk magide takke taqabi le. toh
[9:17] xaggimtam qimmissa wak, toh
[9:19] sissikuk gexxa, kee anu akkalem taamah
[9:21] caalat away qimbiseh yan
[9:23] kaxxa caagid aracat gace waam
[9:25] , takkay immay anu dubuk makkala too
[9:28] atu xooquh xiinah gabat agle lito wak, xooquh xiinah
[9:30] xayyos wadirih gexa, kee
[9:32] qasbi fayya iyyam hinna,
[9:34] anu akkalem oson faxan
[9:35] hold, takkay immay oson faxan
[9:37] toh kaxxam
[9:39] gibdi caagid migaq GDP
[9:41] maqar le wak.
[9:42] Anu
[9:45] inni misinkacal um pontificate abak geytimam,
[9:48] tama qaynatih sooshalistih poliisitteh addat [clears throat]
[9:49] , kaxxa
[9:51] doolatittek rakaakay kee rakaakay
[9:52] caddol geytimta.
[9:53] Um oson
[9:55] sinni balansi booxal booxal geytimaanam kee
[9:56] nummaak kaxxa deficit geytimaanamih taagah, ken
[9:59] playbook taarikih addat federal doolat fanah gacissa heenih,
[10:02] cover akah aban innah esseran. Kee atu taaxigeh,
[10:04] microcosm wagittek, New York magaala
[10:06] basically state fanah gactaah, Albany fanah gexxaah,
[10:08] "Hey, we need" axcuk
[10:10] 4 bilyoonih doolar celta.
[10:12] Away, oson hey, nanu atu taaxigeh, nanu
[10:13] budget balance abneh sugneeh, faxe way, lowsis abneh sugne
[10:15] , laakin, asaaku,
[10:17] qunxa doolat fanti doolat fanah gacissa hayteh
[10:19] ,
[10:20] lakqok dagoom yoh ucuy, atu taaxigeh, cover up
[10:22] this uh this gap. Meqeh, tokkeek
[10:24] doolat gap geytam, tokkeek oson wadirih gexaanam
[10:26] , oson federaal doolat fan gexaanam
[10:26] . Kee tohih taagah, qaxmeqe gurral,
[10:28] federaal doolat dubuh hinnay,
[10:30] federaal doolat
[10:33] inkih tan
[10:34] doolat kee rakaakay
[10:36] caddol tan missoynaanih safah lowsis abak, ta
[10:38] agat caddol tan lakqo kee ta kaxxa caagid dubuh sissikuk abta, hinnaa?
[10:40] Yeey,
[10:41] anu axcem, atu maca kinnim
[10:42] baxxaqissam kee qagitaak, um
[10:44] away Jappaan kee
[10:46] Ameerikah fanat yan angaaraw wagsiisak,
[10:48] akkel angaaraw yan. Anu Jappaanal suge way
[10:50] 1998, Jappaan magaalal dubuk mogo digir luk sugte
[10:53] . kulli num JGBs uxxuk gabbate.
[10:56] Gubna bicse deqsitak sugte. Toh
[10:57] inkih tan ximmo. meqeh, away takkel nan
[10:59] , sissik fooca fan 30, atu taaxigeh, 30-ish
[11:01] sanat.
[11:02] US hununuh Jappaanal tan caalatat tan
[11:04] . Abuud-to-GDP caddo
[11:06] inki gide akke waytam bictah, takkay immay away
[11:08] Jappaanal limoh lowsis leh yan caalat lino.
[11:11] Ameerika melleb kubqi le. tah kudde melleb kubqi
[11:13] ? Asmatah hinna. tah
[11:15] melleb kubqi innaa? Yeey, tama
[11:17] 2% target hinnay faxe way ummatta edde
[11:19] angaluk geytimtam faxximta.Tohih taagah, ku ximmo kee
[11:21] kulli num edde yaabam,
[11:23] Bitcoin away taqabih sabab, kataysis tekkem,
[11:29] Ameerikah doolat
[11:32] yen xaamtuh euro limmoysak cultem kinni. kee atu
[11:34] inkih tan sababittel gexxam faxximta too oson
[11:37] tah abeenih. Xakak le
[11:39] lakqo, oson tahak bisoh abam maduudan
[11:41] . Nanu silaacitte gaba kalteh nan. Kee
[11:43] atu silaacitte gaba kalteh tan waqdi,
[11:44] lakqoh gacsiyyih aysaxaaxag yewqeh yan waqdi, atu
[11:46] asmatah tamakkel
[11:49] ninni gitah reflate abnam faxximta ximmol tan. tonnal, dahabat doqaysim uguugus ximmoh innal
[11:51] . kee anu
[11:53] qadaagoogi ablem faxa gita
[11:55] taturte bacureh tekkem macaay? meqeh,
[11:56] qadaaga makro tattab iyyam, nanu
[11:58] dahab xaamnam faxximta, nanu lakqo xaamnam faxximta.
[12:00] Nanu meqennal geyne, Bitkoyin tamahat bictam faxxa
[12:02] . Dago
[12:04] wakti beele, takkay immay anu inki
[12:05] ximmo fan qagaaqagitak aduureyyo.
[12:08] AI awlaytit a sanatih ximmo.
[12:11] ciggiila sanatih ximmo adoobi
[12:14] awlaytit, toh yaanam tabaatabsa kee
[12:16] xongoloola stablecoinit duqaysimak. toh takkuh gexxam
[12:18] faxem takkay qaddoysiyyi gaanun.
[12:20] kee anu nummaak akkalem qaddoysiyyi madqa
[12:22] qaduuk {quote} {unquote}
[12:24] ta sanat tekkem. Nanu SEC
[12:27] kee CFTC sissikuk tamakkel geytimta maritteh addat geytimta maritteh addat geytimta maritteh addat geytimta maritteh addat geytimta maritteh addat geytimta
[12:31] . Akkuleh
[12:34] toh kataliiz too ta duyye
[12:35] gexxam kee toh hununuh too
[12:37] ximmol gexxam qimbisele.
[12:38] asaaki exxa siinih bahtem
[12:40] Galaxy One. mango mari sinni
[12:42] lakqo keenih taamita, takkay immay away
[12:43] essero, mannal gibdih taamittaah? Kee
[12:46] Galaxy One, oson baxsale
[12:48] xayyos geenih. kulli num 3.5% APY
[12:51] Gaalaksi inki lakqot geya. kee atu
[12:53] sanatal 200 girandi abtek, toh yaanam atu
[12:55] gaddaali kinnito yaanama. Sanat addat 200 grand lakqok dagah lakqo geytam faxximta,
[13:01] Galaxy Digital 8% gabah agle lem tamixxige. Taway,
[13:03] meqe exxa kinni way,
[13:05] woo fayxi automatically reinvestment abtam duddah
[13:07] ,
[13:09] ETFs, hinnay crypto. Atu
[13:11] kulli alsal tascubem mafaxxinta. numma tan away, ta
[13:14] nammeyhayto, Galaxy tiya cabbooteh yan
[13:16] maysaxxaga. Atu 3,000 dollaar ossotina geytam duddah
[13:19] 10,000 dollaar akkek tohuuk dagah lakqo
[13:22] akkek kiripto daffessa wak. ku lakqo kunnal
[13:24] maqarluk taamite waytek, tah udduruy angagoyya edde abta.
[13:31] 3,000 dollaarih ossotina geytuh galaxy.app/pomp asaaku cultam qimmis.
[13:33] Qagitak, [gad] galaksi.app/pomp. Asaaku ken wagit
[13:36] .
[13:38] Away, nanu AI stocks qaduuk qimmoh addah limmowteh tan
[13:41] namma ayyaamih addat
[13:44] nek ellecaboh walal kee caalat
[13:46] wagitto. Oson qaynat koo yaaxigeenih,
[13:48] Ken Griffin swoop in wagitak
[13:51] kaxxaam uma caalat ken gabat geytimam tamixxige
[13:52] . nanu qangara geyneh woo
[13:54] caalootah hangisso uxih manol taniimi. Oson
[13:56] uxih dago lakqo geenih. oson hudunuh
[13:57] 400
[13:59] milyoonih dollaar gersi canka kampaanitteh investi abeenih yanin xaagi yan. toh numma tekkek akke waytek
[14:01] , atu taaxigeh, nanu qaynat ablenno too afkan mannal digraanam
[14:03] . maca tekkem sissikuk
[14:06] too Citadel xaagi tootoke waayir takkay immay
[14:08] AI aksiyoonitte bounced nummaak gibdih. Anu
[14:11] inni kataysa liyooh,
[14:13] inkih tan cayli migaaqitte,
[14:15] data center, atu taaxigeh tan, hyper scalar
[14:18] qaynat
[14:19] HPC atu taaxigeh tan, kampaanitteh qaynat kee usuk
[14:21] literally screenshot qaynat yoh ruube
[14:24] kay stock tracker. Caagiida
[14:26] inki ayroh addat 2030% fayya inte. Migda? Anu axicemi faxxami toh
[14:28] hununuh kaxxam kaqite.
[14:30] tah moyya dirab hinnay ta qaynatih ciggilta ibah ugte
[14:32] away too nanu qammalnam
[14:34] too AI migaaqal?
[14:35] meqeh, kee anu axcem anu anu yaabeh nanu
[14:37] uxxuuk edde yabne taturte bacureh addat. yi
[14:39] viidiyol, anu rakiibook daffeysem gubal Al esseroh asta
[14:43] . Um
[14:47] Anu woh sugtem yot celta. Anu innih yan numuk,
[14:50] atu inkinnah mataaxiga, mango
[14:51] deleveraging takkem faxximta, laakin
[14:52] tama caagiida ta ayyaamah raddi elle teceeh tan innal
[14:54] kee kaxxa tuxxiq le
[14:56] atu taaxigeh, anu mango baxaabaxsale metrics edde xoqoysimak, qaynat elle tamixxigem
[14:59] , panic point.
[15:03] Nanu qaduk luk sugnem faxximta ixxima
[15:05] deleveraging kah kinnim volatility
[15:07] kaxxam fayya le too migaaqitte.
[15:09] Anu innih yan numuk, inkih tan waktih addat, inki bar, inkih
[15:15] tan migaaqitte liyooh, yeey,
[15:20] inki inki caagiidal, ayrol 10 20% gaba bahtam dubuh
[15:22] hinnay, follow-through, walaa
[15:23] subci gexsitak sugtem, wokkel tan. Um atu
[15:25] meqe riig tablem qimmisseh tan
[15:28] meqe xaaguh meqe gacsa taceem. anu mangom hangi kah ecem ta ximmol
[15:33] optikaal migaaqitte. kee sabab
[15:35] optikaal migaaqitte tannah yan hangisso kah
[15:37] kinnim Vera Rubin yamaate. Uh anu
[15:40] meqe-size position liyo Nvidia kah
[15:42] kinnim Nvidia meqe tellemmo dubuh hinnay,
[15:45] qimmoh addah,
[15:47] laakin Vera Rubin away yamaate,
[15:49] ummatta
[15:52] qusba caagid faxxaamih taagah. Kassit migaq amqele
[15:54] . Um Anu uxih, atu taaxigeh, Anu Anu Anu koh excem
[15:57] Anu Maykron xaameh. Wokkel daffeyteh tan
[15:59] . Anu nummaak edde osisa kah
[16:00] kinnim anu
[16:02] optikaal migaaqitte geeh, too anu mangom kiciyyo.
[16:03] Marvell Anu uxih mangom faxa, tonnah tan caagiida
[16:06] , kah kinnim anu elle akkalennal oson
[16:07] lakqoh kataysis wagsiisak geytimaanamih taagah. Laakin,
[16:09] anu innih elle ascubennal,
[16:11] tamah elle gexsiisan innal,
[16:13] inki inki lakqoh daffeyna le, anu
[16:17] ta uddur, tama caagiidat faxe dip buyer akkem faxximta, sabab akak, anu innih elle ascubennal,
[16:19] earnings fundamentals keenih beytam faxximta
[16:21] . Kee anu innih elle ascubennal
[16:22] , Michael Hartnett
[16:25] bull-bear
[16:27] indicator kaxxa limmoysiyyih
[16:28] indicator kinnim warsan gabbaaqu xayyoyse way, anu ummatta woo chart tablem faxa
[16:31] . Ta sanatak febraarik xabba haanam, nanu dagoo wadirih
[16:33] hirigneeh, tokkeek
[16:34] fayya genne. Uh anu away axcem faxam
[16:37] AI migaq lowsiisih dubuh
[16:39] hinnay, sanat ellecabol
[16:40] mango marah qusba all-time highs lowsiisih addat geytimna
[16:42] .
[16:43] Yeey, wagit, anu toh akkalem um toh
[16:45] kaxxam faxximta investimentih strategy
[16:48] atu naharal elle xaamtam duddam kee away elle tan
[16:50] innal. Mikron ceelalloh bey,
[16:51] hinnaa? Atu woo migaaqal kaxxam udurrutteh sugte
[16:53] . Atu xaamteh tet, is mangom fayya inte. Atu tokkeek limmosseh
[16:55] . Anu mango mari yanim akkale
[16:57] , "Macaay atu kah
[16:58] limmossam?" meqeh, away atu qagitak culteh tan.
[16:59] Kee tonnal, atu rakiibook tablem,
[17:01] "Heey, toh caddok dagah xeerih, toh wadirih hirigta
[17:02] ." Atu lakal kaadu positionil hayteh
[17:04] , atu taaxigeh, anu innih yan numuk
[17:06] sophisticated investor kinniimih category addat koo culseyyo
[17:09] .
[17:10] Gersi strategy, takkay immay, anu elle akkalennal,
[17:13] crypto baadal tan ummatta baritteh tanim,
[17:15] atu position qimmisseh tanim kee
[17:19] tama caagiida elle gexxah tan innal, atu asmatah
[17:20] kaxxa kibal geytam kee atu
[17:23] keenih mangom qimmisseh tanim. Taway,
[17:25] atu cubbi geytam faxximta cuz
[17:26] bubble tekkek, tohih taagah basically mango mari ku
[17:28] capital gexa, atu taaxigeh, qaynat xaqut tan
[17:29] top. takkay immay ta AI tellemmo, anu
[17:32] axcem anu anu bisoh axcem oyti wagitto
[17:35] kee rakiibook bisoh axcem maqar
[17:37] kee tonnal toh dubuk cussuttam
[17:39] dollaar awqenti amo ladi too ikoyta
[17:41] waktit, atu abtam faxxam baxsime kal
[17:44] oson oobe wak hinnay oson
[17:46] assakat lon, toh taham fan taham fan
[17:48] fantastic macgaggur
[17:50] taturte namma hinnay sidiica sanatih addat. Anu nummaak
[17:52] milaagimam mabla, atu
[17:53] taaxigeh, namma sanat hinnay sidiica sanat, inkih tan
[17:55] existential, atu taaxigeh,
[17:57] caalat elle yakke innal.
[17:58] Inkih meqeh, kaxxa um anu
[18:00] niqibyom kullim away
[18:02] crypto fanah gactam, takkay immay
[18:03] akkel faxximta inflection point tan. Tohih taagah, anu nummaak
[18:05] ummatta elle taaxigennal,
[18:08] ta sanatak naharsi exxal, nanu edde yabneh nan ximmoomak tiyak teyna,
[18:11] AI trade effectively kaxxaam sahlinuk sugtem kinnim tamixxigem faxa.
[18:14] Maqna, kampaanitte ixximaami lowsiisak geytimta,
[18:16] culenti fayya iyyam, inkih tan xaagitte
[18:18] meqeh tanim kee tama stock lowsiisak geytimta
[18:20] . Bitkoyinik inkih tan inayta yayyaaqeenimi
[18:22] . Toysa, nanu wohut yabneh.
[18:25] tonnal, Bitkoyin tukteena makka nanu edde yabnam qimmol mayballa
[18:27] .
[18:28] nanu edde yabnam mango
[18:30] kabxaaba fayxi lem kee oson abinal yangayyeenih yaniinim
[18:32] . atu tukteenay mannal yabtaah too rakiibook
[18:33] 10%
[18:35] caddot sugtaah gersim
[18:36] fayya inta wak?
[18:37] meqeh, away toh milaagimteh anu
[18:39] naharal elle excem, anu qagitak axceyyo, too exxa
[18:41] AI gaba kalteh.
[18:43] Tawak, rufto le exxa akkel tan.
[18:44] Kulli num hangi kah yeceek,
[18:49] hedge funds edde culteh tan crypto kaxxa negative kinniimih taagah,
[18:52] inkih tan momentum,
[18:55] qimmoh addah
[18:57] hinnay, fundamentals.
[18:59] kee taqabi crypto luk tokkel masuginna faxe rakiibok elle qekitaanam
[19:02] . tonnal
[19:04] , macaay milaagimtam faxxam away atu tabaatabsa
[19:07] alleleemi.
[19:09] AI tellemmo, tohuk derret
[19:10] 100% ciggiila
[19:14] 10 sanatah gexsitele. Oson soolisaanam maduudan
[19:17] . Anu qaafo duyye maxaama.
[19:19] Anu mogoh taqabi maxaama. Anu
[19:21] CDS caagid waam mayyu. Anu woo caagiidak tu edde waam mayyu
[19:22] .
[19:24] too massoynaani, hayperscalers,
[19:26] lakqo geytuh gexxa. Sinam tacsubeemik muxxi xayuk akkele
[19:28] . Anu tama ayyaamat wohul warkat fiiriseh an
[19:30] . kee anu akkalem nanu
[19:32] nammayak inkih Gavin Baker essero ankacisneh
[19:33] uh investimentih innal meqeh. Usuku
[19:37] gitah iyye. usuk iyyem usuk
[19:39] silikoon golo fan gexe. Usuk elle iyyennal, "
[19:40] Kompaani, inki kampaani, faxe caagidil
[19:43] uma xaagu yoh taceem kee ablem faxa." Kee woo
[19:46] saaqatih addat abte walalih addat, usuk
[19:48] fundamental data elle iyyennal,
[19:50] usuk
[19:52] wokkel gexaanamih qaago luk sugem tamixxige. tonnal, takkel macaay crypto allelem
[19:55] . AI agents elle yamaate innal,
[19:58] kee inki adda tama caagiida qimmoh addah qimmisneh nan
[20:00] lakqok ugutak,
[20:04] network addat tan transactionitte luk crypto effects kinniimih taagah,
[20:07] anu innih elle warsannal, argument kaxxaam
[20:10] gibdih tan ummatta elle iyyan innal. Anu
[20:12] kassitam Circle ummattah gexe wak,
[20:15] ummatta Bitcoin aracat gactam faxximta axcuk yoh warissam qimbisseeh
[20:16] ,
[20:18] tamah macah takkem faxximtaah, tamah
[20:20] trillion dollar akah takkennah abtam faxximta? Like, I Anu
[20:22] ta caagid aabbem qimbiseh, anu edde yaabam
[20:23] nanu taqabih addat sugnem space addal
[20:26] qadliino le marih qaynat
[20:28] cisab addat gexaanam aabbem. Laakin, sabab akak
[20:29] faxximtam inki adda math
[20:32] ecosystem addal crypto lih angaaraw le,
[20:35] hedge funds wokkel investimenti qimmiseleeh,
[20:37] kulli num
[20:38] sharp ratio elle faxximta innal wagitak geytima.
[20:41] Al badaaqat kaxxa qawwalayla le. tonnal,
[20:44] caagiida 20% fayya inta wak, maca fayramisey? Oson
[20:46] %20 addah oobaanam duudaanah.
[20:49] Hedge fund addal portfolio gexsissa wak,
[20:51] ayrol 20% gaba bahtah tan migaq litooh,
[20:55] portfolio addat geytimta lakqok mangom geytam duddah, hinnay kaadu
[20:57] sissin qaynatih risk limit geytam faxximta.
[20:59] Tohih taagah, anu innih yan numuk, nummaak, nummaak meqeh, qagitaak
[21:01] , crypto, kee anu innih elle akkalennal,
[21:03] inflection point umman way,
[21:05] July alsak 10,
[21:08] Fed fanah culneh nan ximmo kinnim tamixxige. Al awlaytit taama abeenit
[21:11] qadaagal xukko hayta. Nanu
[21:15] kasaara taqabi mannal afdigem nablem faxxiimak sugte. Nanu qusba Fed
[21:17] korsi lino. toh kaal daffeyte, atu
[21:18] hawkish takkem faxxa hinnay atu
[21:20] dovish takkem faxxa? kee kullim too nanu
[21:21] baritnam wala oson
[21:23] hawkish yakkenim faxeenik, oson yakkem maduuda
[21:24] . kee away taama abeenit
[21:26] qadaaga keenih taceem kee taham fan
[21:28] nanu maleyta melleb kubqih matbaqat lino.
[21:30] nanu ablenno ta tii keenih
[21:32] ammo yeceek toh aboonuh. Kee akke waytek, anu innih yan
[21:35] numuk,
[21:36] Micron
[21:38] 100 sanatak addah suge wak,
[21:39] physical AI kee
[21:41] Ameerikah reindustrialization wagittaamal walalenno.
[21:43] namma kaxxa maysaxxagoogi sugte taturte bacuret too
[21:45] anu akkalem nummaak qaynat fakut yan
[21:46] marih intiita. Qimmo Hadriyaanak sugte. oson kuurih qaynat kinnon ayfaf
[21:51] akkek fooca fan kuurih innal. Oson
[21:52] fabrika automating abak sugeenim kee anu elle akkalennal
[21:55] sidiica baxaabaxsale arooca,
[21:56] 3 milyoonih square feet fanah. kee ken
[21:58] hangi inkih mannal oson robotik
[22:01] kee fizikal AI
[22:03] baaxoh addal qagitaak inxastari akah aban innah abaanam kinni. kee oson
[22:05] atu qammaltam duyyek qimbisen. oson
[22:06] xisne, atu taaxigeh, munitions kee
[22:08] gersi qaynatih uh uh kaxxam centibbaaru le qaynatih
[22:10] inxastarih qaynatih harxiweer. Uh takkay immay oson
[22:13] 1.3 bilyoonih dollaar ugsen
[22:16] 8 bilyoonih dollaarih caddo. kee
[22:19] yol, kaxxam faxximta exxa miyyi gabat
[22:21] agle luk suge. Atu litom JP Morgan's uh
[22:24] qaynatih macgaggur kalalih uguugus.
[22:26] Atu um Apollo litom kaxxam qimboh addah limoh
[22:29] kapitaal midriino abta. Migda
[22:31] ? Anu axcem, toh nummaak naba
[22:33] massoynaani too kaxxam kaxxam assakat le
[22:35] . oson lootarih cilaaleh innah digraanam hinna
[22:37] venture game mankel
[22:39] buufaanam kee salataanam kee tukteena fayya haanam niyaata
[22:41] . Oson tama
[22:43] qaynatih, atu taaxigeh, venture-fund
[22:46] industry-focus kampaanitteh addat tan
[22:49] . Atu taaxigeh, tah qusba cankah qadliinoh inna
[22:50] . kee tonnal, anu akkalem toh
[22:52] inki oyti ximmo ceelak sugte. Nammay haytô data
[22:53] ximmo Elon asaaku
[22:55] Terrafab fanah culteeh,
[22:58] "Tah nanu xisnam" axcuk suge. kee usuk
[23:00] yewqeh iyyem toh 100 milyoonih maaqatta
[23:02] hinnay tohuuk daga. Usuk elle yaaminem too baadal mango caddo le xisne akkeleemi
[23:06] . Kee
[23:08] imagery, dimensions ta caagidih,
[23:11] atu dubuk tablem kee atu celtam,
[23:13] usuk walah tamah qimmoh addah wagitak,
[23:15] qaduuk tamah nummaak qimmoh addah gexxam faxximta
[23:17] . tonnal, mannal tablem angoyyi
[23:19] AI inxastarih
[23:21] murtissoh sekteril? kee akkuleh
[23:24] taamah innal qagitak digraanam, atu taaxigeh,
[23:26] oson taama hadlaanam. Anu akkalem Terran
[23:28] Fatz 3,000 taama ginele. takkay immay
[23:30] affaraamoh maaqatta, toh gitay mango
[23:32] robotitte tan sahdayti baxi
[23:34] too luddih addat gexaanam, numma?
[23:37] Yeey, Anu
[23:38] tonnal, takkel takkel takkel gitay anu bas tah axceyyo
[23:40] . Um,
[23:43] anu axcem
[23:45] insatiable demand compute kinnim
[23:48] kee nanu inkih dudda le
[23:49] compute abnam madudna atu dubuh yan gitay
[23:52] tama marih investimentih addat tan
[23:55] ixximaamih addat tan ximmooma celsiisak
[23:57] , Lana xaqut cabnay.
[24:00] Nanu mango AI naallem fannaah, mango AI mango cisab fanna
[24:02] . Tohih taagah,
[24:04] Gavin Baker iyyam, usuk elle iyyennal
[24:06] , open source kinnim kee
[24:08] frontier metal kinnim, uxih inkih tan
[24:10] compute faxximta. Tu hinna
[24:11] .
[24:13] Toysa, cisab cisaabisiyya. tokkel nanu nacsubem
[24:16] cisab ceela gital nanu nacsubem nacaas
[24:18] , nanu kaxxam kaxxam
[24:20] fayxi xaamnam mango cisab.
[24:23] meqeh, cisab atu faxxam Terran
[24:24] Fatz. Asliik, Elon Musk iyyam, yi
[24:30] humanoids dudda le compute mayan. Tohih taagah, anu
[24:33] bilyoonul loowimta sahdayti baxi allem faxek, Marsi fanah gexam faxek
[24:35] , nanu
[24:36] tohih duddale ixxiga mannu. Anu
[24:38] kulli maashinil, kulli
[24:40] kokkobet, kulli tiyah addat ixxiga faxa.
[24:42] Toysa,
[24:43] tamah qemmok sugte ximmo fan aduurele
[24:45] . meqeh, qimbol nanu walal
[24:47] awlaytit lino, nanu sirri awlaytit lino, nanu
[24:49] chatbootitte lino, sirri awlaytit lino.
[24:51] Kooxih awlaytit, meqeh, tohuk lakal nanu
[24:56] qaxmeqe awlaytit kee inkih
[24:59] Jarvis ninni gibdaabinitteh addat geytimna. inki adda nanu wokke gufne
[25:01] , lakal nanu xagar awlaytit
[25:03] . Nanu nummaak
[25:05] dariifal yarde seehadayti ceelo lino, takkay immay oson inkih
[25:06] ixxiga faxan. Kokkobitte
[25:08] ixxiga faxxa. Kullim ixxiga faxxa
[25:09] . Tohih taagah, too
[25:11] walalitte inkih,
[25:12] investimenti exxal, ummatta
[25:15] SpaceX luk sugteh tan giclo qimmisseh tan waqdi, anu kaadu
[25:17] commentil abeh an,
[25:19] TAM celtah tan arac maca kinnim aaxigeh.
[25:21] axcih, woh macaay macaay? Taham TAM
[25:23] araca. Anu maaxiga Anu kiciyyom Anu maxiga Anu Anu wala maaxiga nanu tukteena allennom keenik lakal
[25:28] . midriinoh
[25:29] ximmok, anu ciggiila namma sidiica sanatah hangi aceem faxa
[25:31] . Ciggiltah tan namma
[25:32] sidiica sanatih addat cisab, cisab,
[25:34] cisab wagittaama. Nanu mango ixxiga fanna,
[25:36] mango compute fanna, tohih taagah
[25:37] semiconductors, industry infra-
[25:40] ummattâ kampaanitte infrastructure xisak geytimta
[25:41] ,
[25:43] tama cankâ
[25:44] taamah aracal geytimtah tan uddur, takkay immay tama cankâ taama
[25:46] sidiica
[25:48] sanatih addat, kee affara sanatih addat, kee 10 addat geytimta
[25:49] . kulli num dubuk
[25:51] hangi kah yaceem faxximta kah kinnim ta baabur masoolinna
[25:53] kah kinnim nanu mango cisab fanna ixxigah
[25:55] . Atu tamah katattek macaay
[25:59] ? tonnal, anu
[26:00] midriinoh, anu Jordy ankacisah. Uh
[26:02] Jordy yi mablal Oz Wizard kinnim
[26:05] kee anu kaadu nanu
[26:06] dudda le compute mannu axcuk yaabam obbe. Anu angagoyyi AI obbeh. Anu caydi ceelol tekkem ubleh
[26:10] .
[26:11] Anu woo qaada
[26:13] kee woo mabla inni portofiilot axawah haanam mannal ascubeeh? tah
[26:16] dubuk gexxam kee xaamtam hayperskaler? toh gexxam
[26:19] kee gibbat duyye esces ceelalloh
[26:22] mesenkaca dagnaa kee gersiimi? hinnay hununuh gexoh innal mannal
[26:24] atu takkalem currik tan
[26:26] cankah invester
[26:27] tah xayyoysam duudah? Faxxiima
[26:29] mascassa hinna, atu taaxigeh, cankâ lakqoh,
[26:31] laakin hudunuh anu
[26:33] inni portfolio allocation abtam mannal ascubeeh,
[26:34] atu edde yabtam faxximta?
[26:36] meqeh, anu aaxigeh too nanu
[26:38] wagiita mara kee ankacsa mara lino too nanu nummaak
[26:40] namma gasol bucket abnam dudnah ta
[26:42] esserol. Tiya midriino, kee gersitti
[26:45] kabxaaba.
[26:46] Um
[26:47] tonnal, uh yi viidiyoh addal ta ayyaamih ellecabol, anu iroh
[26:51] daffeyseyyo qaynatih
[26:53] baritto
[26:55] ta sanat tekkem
[26:57] kulli numuh anu axcem
[26:59] AI fanti saykil salac yamaatem kee anu
[27:01] baxxaaqiseh tah numma wagittaama
[27:03] taway sinam kaxxam sinni skis, nanu
[27:05] ximmo naallem fanna sinam dadal
[27:07] essero elle qimmissa
[27:09] . Kee toh hununuh nanu
[27:10] nubleemi. away too
[27:11] uddur
[27:13] qadliino wayteh bofo kee oson raden kee toh
[27:15] macaay nanu nublem.
[27:17] Ummatta invester tekkek, sabab akak
[27:19] bool migaq index bicseemih taagah
[27:22] tekkem nanu edde yabneh nan caagiida dubuh hinnay,
[27:26] Bitcoin edde anuk, kaadu silver edde anuk,
[27:28] kaadu Palantir edde anuk.
[27:30] Taamitak suge wayte caagiida. Tamah
[27:32] anu elle ascubennal kee anu edde yaabam
[27:34] Micron ik yewqeh yan
[27:36] lakqo silver kee
[27:39] uh Bitcoin fanah korsaanam kinni. Toh meqennal taamite waytam bictah
[27:41] , laakin anu koh warseyyo,
[27:44] July alsak 10 ayroh addat toh
[27:46] inkih qimmoh addah AI trade lowsiisih sugte. Anu woh
[27:49] daggoseh suge. tonnal kabxah mablak
[27:51] , anu AI salac axce wak,
[27:53] maca axcem nanu
[27:55] mango lakqo abneh tellemmol afkanitte
[27:58] salcisak, mango lakqo luk sugne, dagoo
[28:01] uddur fan daffeynaah, tohuk lakal
[28:03] atu warigga asta table wak, toh hununuh
[28:04] caalootah hangisso afkanal tan atu
[28:07] mangom osissam duddah.
[28:11] Toysa toh kabxaaba, toh ummattah mannal kak gexxam
[28:13] . Sahlin gitay
[28:14] caagiida cabbu bahta wak kee
[28:16] tamah anu viidiyol
[28:19] 50 ayroh addat milaagi caddo aybulleem, inki
[28:22] indeksi elle gexeh yan innal hinnay
[28:25] Mikron lowsiisak sugem, toh
[28:27] kah kinnim yi thematic portfolio
[28:29] bool migaq luk 50% gaba bahte 50 ayroh addat
[28:33] . Toysa anu
[28:35] daggoseh. Away anu aybulleem,
[28:37] tatre koona sanatih addat
[28:39] 20 gaba bahtaah, tohuk lakal
[28:43] 10% gaba bahtaah, zero fanah cultam faxximta. Tahak 50% lakal ankel geynem fayramisey? Nanu
[28:49] 50 ayroh rakiiboh korkorsimak 10% gaba kalne. tohul, toh naharsi tuma
[28:52] tellemmo abeenitik, atu milaagi caddot duqaysimak qimbissam faxxinta
[28:53] . milaagi caddoh qaxmaqaane
[28:55] wakti ossotinah melleb cogda
[28:58] . Kee toh yaanam
[29:02] AI baadal addat tan caagiida abta waqdi, oson
[29:03] sissikuk gexaanamih taagah, atu tama parabolas
[29:05] kee kee bubbles inki exxal geytam, kee tohuk lakal
[29:07] sissik crashes geytam
[29:09] sentiment qimmissuh, away
[29:10] mango clearing point fanah cultam duddah.
[29:12] Investerwah, Anu edde macisabbota Anu edde macisabbota
[29:13] .
[29:15] Elon Musk SpaceX
[29:17] lakqoh seecoh addat iyyam tamah kaana.
[29:19] kee tah inkih salaamatta luk macaay
[29:20] Terafab. Usuk iyyem mesenkaca fayxi
[29:23] sanatal 200% dadalak geytimta.
[29:27] Kassit duddi sanatal %20 dadalak geytima
[29:30] . Tah anu edde yaabam
[29:32] mesenkaca fayxi fayya iyyaamih sabab,
[29:34] fayxi awlaytit fanah tamaateemih taagah
[29:36] . mangom too nanu idnisnam
[29:39] dijital awlaytit taamittuh,
[29:42] mangom too nanu mango mesenkaca fanna kah
[29:44] kinnim nanu mango cisab fanna. woh
[29:46] xiyitaal caagidi. Yi baxi,
[29:48] internship addat yan, usuk junior
[29:50] sanat culma kolleej, usuk
[29:52] qangara qangarah kutbe yoh ruube anu
[29:54] ta ayyaamat koh ruube rakiiboh iyyem,
[29:57] "Yi AI taama abeynit saqal
[30:01] kulli ayro qunxa awlaytit tuftuceh yan taamah
[30:04] ."
[30:05] tonnal, usuk mango cisaabisiyyat duqaysimak kulli
[30:09] ayro, kee toh macaay mesenkaca fayxi kah fayya intam
[30:11] . 20% gaba takke dudda Elon
[30:14] Musk edde yaabam,
[30:16] Terafab xisneh wakti beyta
[30:17] .
[30:18] faxe duddi wakti beyta kah kinnim toh
[30:20] fiiziksi wagittaama kee seehadayti baxaa kee
[30:22] massoyna kee kullim tonnal. AI
[30:24] awlaytit edde xinta wadir matakka.
[30:26] Tohih taagah, anu dubuh ummatta elle
[30:27] taaxigennal,
[30:29] tamakkel tekkeh tan xaagu kinnim kee supply kee demand
[30:31] inkih out of out of whack kinnim kee tamah
[30:33] anu tamah elle gexsiisam faxximta gita kinnim cedam faxa.
[30:34] Invester kinnuk macisabbootin.
[30:36] kabxah addat idiy. wokkel daffeya.
[30:40] S&P ossotinah %15 geettoomuh ruffa inxic. kabxa abah, kaxxam, kaxxam cubbi gey
[30:43] isi skis caddo
[30:45] milaagi caddo fayya iyya wak.
[30:46] asaaki exxa siinih bahtem
[30:48] Arch ummatta. Archi ummatta hununuh
[30:50] fiddinowteh tet Algorizimik tellemmoh
[30:51] pilaatformi kriptok iroh. Toysa, cubbi ucuy
[30:53] . Taham naba tiya. Taway, oson
[30:55] automatic strategy inkih tan stock,
[30:57] commodities, kee ETFs fanah gexak geytimaanam kee
[30:59] tamah kaxxaam faxximtaamih taagah. Away
[31:00] automatically fayda beytam duddah inki
[31:02] qadaaga qusba inkih tan wakti fayya le caddot culta waqdi kee
[31:04] too capital gersi qadaaga fan korsaanam
[31:05] mango saami taybulle.
[31:07] Kapitaal AI stocks, dahab,
[31:09] S&P 500 fanah investi abtaanam, hinnay
[31:11] Bitcoin culsaanam, Arch Public
[31:13] nummaak adabi kee automation
[31:15] investimenti strategy fanah bahta. ossotinah,
[31:17] oson caylale qusba qisoh kasaarah gaaboysoh silac qemmisen
[31:19] . Crypto kaxxam volatile kinniimih taagah
[31:21] kee tet wash
[31:23] sale rule wagsiisak, Arch Public lowsis gubat gactam duddah, lowsis gubat gactam duddah
[31:27] . tah hununuh macaay
[31:29] kulli gibdi invester abaama.
[31:31] xiso-footima sisdikuk too
[31:32] taamittam kulli lafa le uwwaytih footimal. mango cuso tellemmo
[31:34] matan, mango qisoh saamitte matan
[31:36] , hununuh qaxmeqe
[31:38] , gaba currik tan abnisso atu doorit macgaggur
[31:40] .
[31:41] Archummatta fan gex.com nummaak away
[31:43] . Ken butta luk angaaraw abak,
[31:45] wakti daffeysaanam, faxxek isi accountitte bahtam
[31:46] , tohuk lakal
[31:48] automated trading koh abtam duddam barittam duddah.
[31:50] archummatta.com
[31:52] tonnal, anu namma mabla liyo. Qimbol
[31:54] atu taaxigeh mannal xer waktih
[31:56] midriinoh takkem? kabxaabe akkuk qimbisaay, afkan kol saduh gexa
[31:59] . Tokkeek atu hununuh santa yabbixe
[32:00] akketto, hinnaa?
[32:02] tohul, nanu namma butta lino inki inki way.
[32:04] keenik baali nammayak
[32:05] fanat wadirih gexa.
[32:07] nammeyhayto caagid
[32:08] gersiimih ta ayyaamat, anu dagah wagtam faxxiimak sugte
[32:10] . Anu kassitam woo Elon
[32:13] Kolosus
[32:15] oytih fanteena kaxxam sissikuk xisem, takkay immay anu mannal sissikuk xisem makassita
[32:17] . kee tonnal,
[32:18] anu tet wagte wak, kee toh intem
[32:21] Elon 19 ayroh addat tet xise.
[32:24] Mango uddur 4 liggida beyta.
[32:27] Woysa, qagitaak, woh mannal loowittaah?
[32:29] Akkuleh namma alsitte beytam bictah, hinnaa?
[32:31] nummaak 19 ayro hinna, takkay immay usuk
[32:33] 4 sanat namma alsitteh addat axmuume. Kaxxa
[32:35] assakat le. Anu woh baaheyyo kah kinnim
[32:37] Terafab, toh beytam faxximta anu
[32:39] maaxiga. gersi num tet xisak suge kaa tekkek, toh
[32:40] 20 sanat beele Ameerikal. Migda
[32:42] ? Ta
[32:43] caagid magideh wargu beelem yaaxigem iyyaay.
[32:45] Usuk tama duyye namma sanatih addat xissiime kaa tekkek
[32:47] , uxih,
[32:49] atu taaxigeh, engineering xisneh taamat geytimta
[32:51] . Kee toysa
[32:53] assakat lem akkele. Anu maaxiga Anu maaxiga
[32:55] , koona sanat beytam bictah
[32:56] , hinnaa? Akkuleh inki liggida beytam bictah. Anu innih elle axcem,
[32:57] magide fanah gexaanam faxximtam
[32:58] , laakin anu innih elle akkalennal, atu taaxigeh,
[33:00] nanu qaynat elle haynam
[33:02] ninni Michael Jordan elle haynam
[33:04] kee nanu elle nan innal, hey, atu taaxigeh,
[33:05] have at it. Hayya nabalu wayina magideh sissikuk
[33:07] atu abtam duddam ta tumammi, manni
[33:08] qaxmeqe xabca.
[33:09] kee anu inki num ubleh suuquntal yaabam kee
[33:10] oson tonnal sugen, tonnal yoo away saanih gey
[33:11] .
[33:13] Asliik,
[33:14] ni agat macgaggur inkih inki num kee
[33:17] chaynah inkih tan baaxoh
[33:19] dudda. toh celtam toh nek toh nek
[33:21] [asaaliyya] anaakar. tah inki num tet hirigtam faxxa
[33:22] . Takkay immay
[33:24] , nanu nablem bictah.
[33:26] Macaay gersi tiyay anu edde yaabam faxam
[33:30] kulli wak inki adda,
[33:32] ayrook ayro abah an taamah addat, anu fooca fanah qaynat wagsiisak geytimam tamixxige
[33:35] . Kee anu fooca fanah wagitak,
[33:37] anu wadirih amaateyyom kee ummattah warsam,
[33:39] hey, anu tukteena ubleh anim kee tamah
[33:41] hangi kah yaceenim faxximta. kee tu too
[33:44] taturte namma ayyaamih addat too anu ublem too
[33:45] anu ablem maduuda ta ximmol
[33:49] anu akkalem too ummatta caddok dagah qimmo
[33:51] dudda kee pervasiveness
[33:54] frontier modelitte ken
[33:57] mantafaqqah uddur kee oson qimmol magideh ikoytiinu le
[34:00] teknoloojih mantafaqqa,
[34:02] baxsa, baxsa le taamah gexsit,
[34:04] inkih tan qaynatih duyyek baxsa
[34:08] le murtisso akro kuuritte.
[34:10] Anu aaxigeh, atu inki inki mabla litom,
[34:12] frontier
[34:14] modelih doori kee tama
[34:16] inkih tan caagiidal mannal daffeytam faxximta. Tohih taagah
[34:18] frontier modelitte wagittaamal mannal tascubeeh,
[34:20] aydaadul elle tan innal
[34:22] magaalal dubuk digirak sugte. Kulli num
[34:24] kulliimih ken xoqoysima. Atu away anu elle akkalennal
[34:26] hey,
[34:28] frontier modelitte kaxxaam
[34:29] baxsa le doori lem takkay immay kaxxa doori lem fooca fanah gexxa
[34:31] .
[34:32] meqeh, anu tamah qimbisuh mangeelah gexa
[34:34] . Ummatta gexxam duddah
[34:36] Substack anu ta ayyaamah post abe, toh kaadu
[34:42] intelligence abundance
[34:44] kee toh elle faxximta innal
[34:49] investimenti abnam faxximta.
[34:51] Tohih taagah, anu toh kah baahe sabab,
[34:53] atu esserte esseroh innal, anu
[34:55] namma
[34:56] aracal tan ummatta ta caagidih tascubem faxa.
[34:58] tiya kak AI AI baaxoh addah kabxa qimbissaama
[35:00] .
[35:02] Biirokraasi sinni kobi. Tah taama gine.
[35:05] Um
[35:06] nanu kaxxam dadaltah tan
[35:08] milyoon doolaarih culenti kampaanittey
[35:10] inki num keenik darrel le.
[35:13] Uh yi koba too xamcah bicta
[35:14] .
[35:16] Uh atu kabxa sissikuk dadaltam duddah
[35:19] . Atu tet baarissam duddah.
[35:21] Atu sinaamah caagiida abtam duddah.
[35:23] tah tumbulleh ane wayta fayxih dagna
[35:26] namma kapitaal, takkay immay kaadu
[35:29] seehadayti baxi. tonnal, faxe kabxa wokkel gexxam atu
[35:34] baxxaqissah tan gita. Oson Kuad mafaxan
[35:38] . Oson ChatGPT mafaxan. Oson
[35:40] kaxxa muuci mafaxan. Taqabi
[35:42] kaxxa kampaanitteh addat geytimta waqdi
[35:44] , tama kampaanitteh addat
[35:45] kulli num edde yaabam investimentih addat geytimam kee
[35:48] ummattâ qallih kampaanitte
[35:51] giffole birokraasi kinni. kee anu anu anu
[35:56] tiyak iroh saniitiseh suge.
[35:58] Yi taamah exxal, sin innah
[36:01] kulli num yoo yaaxigeh,
[36:03] anu 30 karmat suge. Yi yi
[36:07] kataysa kee yi kaxxa num
[36:08] 9/11 rabeeh, anu literally
[36:10] essero xayyoysam faxxiimak sugte, anu
[36:12] inni taamah caddol
[36:15] 33 karmat sugeeh, sinam diggalsimak sugeeh, inki inki adda
[36:19] sinam diggalsimak suge. woh yi
[36:21] taama takkem faxxiimak sugte. Anu qunxa mariinol
[36:22] xiinissoh caddo fan gexe. Yi
[36:25] kullim sissikuk gexxeh sugteeh, anu wohut angalam mafaxa
[36:27] .
[36:29] too kobitte, oson margaqa tacee wak
[36:30] , kullim salacah tan.
[36:32] bool num kusaaqisaanam faxximta. tonnal, oson dagoo fakut tan raceenah ceelol wokkel xoqoysil asele
[36:37] ? bale, oson faxaanam
[36:44] heey, ta caagid qellat kataase. Nanu
[36:48] Antropik esserimnam fanna. Nanu
[36:50] ChatGPT esserimnam fanna.
[36:51] Document addat, too mari
[36:53] model screw up tekkek,
[36:55] hallucination tekkek, tukteena elle
[36:57] faxximta innal ruube waytek, risk beyta.
[37:02] Kaxxa massoynaanih addat fakut tan raceenah waleela sissikuk edde yantifiqoonu waan giti mayana. Toysa, inki xaqul
[37:04] , atu gitat tan. Anu qunxa
[37:06] kabxooxi dadaltam akkale kah kinnim taham
[37:08] . Gersi katuk, awayih uddur
[37:11] kaxxa buxaaxih taama abeenit lowsis gubat haytaah,
[37:13] lowsis gubat haytaah,
[37:15] toh kaadu
[37:16] wakti fanah gexsiteleemih akkal liyo.
[37:18] Laakin anu innih yan numuk, atu
[37:19] takkel caagid lem celtaah,
[37:21] ummattâ qallih taama abeenit inkih tan
[37:26] AI native businesses lih
[37:27] meqe margins luk sissikuk dadaltaah,
[37:29] inkih tan businesses lih angaaraw abtam duddah,
[37:31] hyperscalers edde anuk. Anu bas
[37:34] Anthropic kee OpenAI ciggilta,
[37:36] axcih, sanat kee sanat kee qaxah,
[37:38] lakqoh
[37:40] lowsis abnam fanna. Toh inkih tan
[37:41] enterprise kee fokkaaqoh exxah addal geytimtaah, akah kinnim
[37:44] anu innih yan numuk
[37:47] doolat kanser luk mangom angaaraw abak geytimaanamih taagah, tannah tan taama abak geytimaanamih taagah
[37:49] . kee anu akkalem
[37:51] tah cabam, atu tubleh maca tekkem googilil
[37:53] ta ayyaamat. Jeef Diin gexeh.
[37:55] kee inki ximmol, Demis Hassabis
[37:57] gersi doori fan gexa. Kee anu
[37:59] tah duddale xongolo fayya axcem maduuda.
[38:01] AGI AI native baadal
[38:05] Jeff Dean kee Demis Hassabis
[38:07] mangom elle faxximta innal ucsub, Google
[38:10] kampaani kaadu CapEx elle geysiisan innal sinni maqmiilwah addat culenta geytam faxximtaamih taagah ucsub
[38:16] .
[38:19] Kaxxa kampaanih addal, atu
[38:20] qimmoh addah lowsis geytam faxxah tan talentitte,
[38:29] business lakqoh lowsis akah abtannah abtaamak muxxi, legacy akah ginnimtannah abtah tan caagiidal hangi haytam faxxa. kee toh yaanam too acwa
[38:30] caatih too
[38:32] arooca cabtuh gexxa. toh inkih umam ummattah qadliinoh addat
[38:35] ciggiila koona sanatih addat dadal
[38:37] caddoh mabla. tah kaxxam
[38:39] , kaxxam meqe taama gine kee
[38:40] qunxa kabxooxih.
[38:42] Atu googil wagittaamal ceynittah inna? qaduuk inki inki lafa le
[38:44] maritte cabeh. Um Anu namma qadaada abam
[38:46] duudah. Anu akkalem too inki qadaaqada
[38:48] oh googil milaagimak geytima.
[38:50] Jeff Dean 27 sanatah wokkel suge,
[38:52] atu taaxigeh, usuk gexeh. Um Demis
[38:55] Hasabis caagiida. Anu axcemi tama
[38:56] milaagitte inkih tekkeh tan. Uh toh maleyta.
[38:58] Macaay Macaay kok meqe mari, atu taaxigeh, cabti
[38:59] , evolution, step back, w.w..
[39:03] Anu gersi argument abam duudah,
[39:05] "Hey, anu 27 sanatah akkel suge. Uh nanu
[39:07] tet diggosneh. Atu taaxigeh, anu numtin amoh essero
[39:09] inni super skills esseraanam makkala. Uh anu
[39:11] gexam faxam ableyyo anu innih
[39:13] sidoc gexam duudam kee anu innih b'.
[39:14] Agdaabele,
[39:16] assakat le maritte. Kaadu ta
[39:18] dahab qataatakoh inna AI kee faxe
[39:19] wakti yenek, faxe teknolooji gexxam
[39:21] kee gibbataanam, atu taaxigeh, tukteena
[39:23] ninnih xisnam, um tah akkele." kee tonnal toh celtam
[39:26] , oson
[39:27] tukteenak yarden hinnay oson
[39:28] tukteena fan yarden? Nanu celtam inkinnah
[39:30] gacsa manaaxiga, laakin
[39:32] invester kinniimih taagah Google uh lowsis abak mannal takkaleeh
[39:34] ?
[39:35] Atu hununuh gitah inte. woh asmat sinna
[39:36] .
[39:38] Tohih taagah inkih tan
[39:39] terminal value, atu
[39:41] sidiica sanatak lakal kampaani value abtam madudda,
[39:42] Google's baxsa mali. Um toh inkih tan
[39:44] ximmo. Silicon Valley addal tan mango maritte essertek,
[39:48] giclo elle gexsitta gurra maca kinnim,
[39:49] toh talent kinnim tamixxige.
[39:50] Um teknoloojih kampaanih addat, atu umman way
[39:53] qusbaamih hadal kee
[39:55] qusbaamak tamaatem kee tohuk addat gexxam faxximta. Anu innih yan numuk,
[39:57] tatre
[39:59] 10 sanat, 14 sanat,
[40:01] Google kee Apple kee Amazon fanat yan moat
[40:04] , nanu qaynat,
[40:07] ta dirab celsiisenta (security) fanah gexak sugneeh, ken
[40:09] multiple keenik stocks (stock) fanah gexak sugne
[40:11] . Toysa hay nanu away mango mogo neyyeeqeh
[40:14] . Anu axcem googil gersi 25
[40:16] bilyoonih dollaarih caagid ta ayyaamat abe. tonnal, atu inteemih inkih
[40:18] , anu inki gabuuk oggolah. Nanu manaaxiga
[40:19] . Meqeh, atu aaxige waytek,
[40:22] kampaanitteh addal mango compress abtam mafaxximta
[40:23] , baxsa luk
[40:25] business addal mango lakqo leeh,
[40:27] atu aaxige waytek? kee anu akkalem toh tekkem
[40:29] . Tohih taagah anu axcem,
[40:30] anu xer waktih kampaanitteh
[40:32] cash geytam faxah an kampaanitteh addal
[40:35] abundance,
[40:38] maqnisso code. oson
[40:43] nummaak yayseenim tattab angoyyi waadooda too baadal tan. Too
[40:45] digir umman way masuginna, sabab akak inkih tan
[40:47] investimentittey
[40:48] humanoid kee robotics fanah gexxah tan investimentitte inkih
[40:50] tan businessitte fanah gexxam faxximta
[40:51] . Laakin, awayih uddur
[40:53] , ciggiila 18 alsih addat, kee anu
[40:55] umman 18 alsih addat axcem faxa, sabab akak
[40:59] 18 alsih addat awayih uddur, nanu kaxxam sissikuk gexak sugneh nan uddur,
[41:04] qasa simbil ugsaanam hinnay, "Hey,
[41:06] this doesn a'" axceyyo. Awayih uddur,
[41:08] anu axcem, Gavin Baker celta, ni
[41:11] fundamental data qokoltaah, nanu
[41:13] uxih qimmoh addah maqmiilwah
[41:15] awlaytit kinnino, tohih taagah nanu woo marih addat geytimnaah,
[41:17] humanoids geynam faxximtaah, humanoids geynam faxximta
[41:21] .
[41:22] Ogost alsih addat, anu elle akkalennal,
[41:25] Ameerikal korporaatih addal mango mari, "Oh, lowsis.
[41:27] Kullim lowsis."
[41:29] Um, Ximoli alsi kaadu aksiyoon qadaagah mandabbak sahlinih
[41:32] .
[41:36] Atu waktil rakitak baxsale taama litoo
[41:37] ?
[41:38] Anu Atu maca kinnim taaxigeh kah kinnim
[41:41] anu elle aamineh annal um
[41:43] AI sissik caagiida elle
[41:46] taaxigennal, toh 10 adda elle sugtennal
[41:47] .
[41:48] Uh uma
[41:50] sanat faxe wak sissikaane, faxe wak
[41:54] ,
[41:56] Juulay alsal tekkeh tan innal umam hinna. Toysa
[41:59] , nanu melleb angagoyyitte geyna. Tohih taagah, anu elle
[42:02] aamineh annal,
[42:03] July alsak
[42:06] AI tellemmoh sanat kinnim tascubek,
[42:07] toh kaxxa sanat sugte. toh uma
[42:10] sanatak sugte sissikaane. Tohih taagah, anu wagtam,
[42:16] tatre ayyaamah,
[42:18] ummattah sissik catotta elle takre innal, qanxix addat fillaanam kinni. Um
[42:20] I Anu meqe
[42:21] saami lem akkale, kee anu
[42:22] calendar seasonality
[42:24] gitaak hangi kah maaca, innay, nanu elle sugne innal. Anu
[42:26] inkih tan dumaahi ceelalloola qideh. Anu
[42:28] caagiida kaxxam sissikuk gexxam yot celta.
[42:31] Kee tohih taagah, bull bear
[42:32] indicator kinnim, faxe way, anu elle
[42:34] akkalennal, atu
[42:40] 40 sanatak dumal backtest leh tan qusba modelitte elle faxximta innal abtam faxxam, AI baadal
[42:42] inkih ken taqabi kataasak geytimtam akkale. Anu koh liyo illacaboh essero
[42:43] SpaceX.
[42:46] qaduuk 135 dollaarak
[42:48] 200 fan gexxem kee tukteena.
[42:50] Kee tohuk lakal inkih tan gitaak 100 fanah culte.Anu
[42:54] 108, 106 fanah culteh sugtem celta
[42:57] . Um is wadirih 127,
[43:00] [qunti qaddoosa]
[43:00] 128 away. tonnal, toh qaduuk kaxxam
[43:02] taqabi le. Oson kaxxa saami luk sugen alfenta.
[43:05] Um mango xaagi yan Terrab dariifal
[43:07] w.w tanim.
[43:08] Atu portofiilo geyte.
[43:10] SpaceX portfolio addat hayta, hinnay mannal
[43:11] kusaaqissaah, atu taaxigeh, business celtaah,
[43:13] mango kaxxa giclo le,
[43:16] baxaabaxsale marketittel,
[43:18] kaxxa entrepreneur le,
[43:19] laakin kaadu anu elle akkalennal, inki inki esseroora tan, tamah
[43:21] overvalued kinnim? Anu nummat yaabam maaba
[43:22] . tah tah tah ken cisab tellemmo oggol sinni
[43:25] caddo le. Takkel
[43:31] um Elon xissiime
[43:35] colossus uddur record dubuh hinnay,
[43:37] usuk kaadu GPUs
[43:40] kaxxa clusters luk sugeh yan taama abeh yan
[43:43] . Away, usug
[43:45] Berar Rubin lih caagiida abam faxa. Um anu akkalem
[43:48] Dwarkesh 2 ayyaamih addat isi
[43:50] postil yaabeh sugem, Gavin Baker tatre ayyaamih addat
[43:54] hinnay ta ayyaamih addat isi interviewil yaabeh sugem,
[43:59] ummatta elle faxximta innal takkem qimmisseh tanim, toh kaadu tuxxiq le
[44:01] kampaanitteh
[44:03] lakqoh xisneh compute,
[44:05] kah kinnim mango lakqok anti amoci sugteeh, tohih taagah oson
[44:08] inkih
[44:13] adotion abak sugeenim. sissikaane fayya haytam
[44:14] kee anu akkalem toh taqabi
[44:17] too nanu kaxxam sissikuk qalalnaama. Tohih taagah
[44:19] SpaceX fanah hangi haysitak, takkel anu
[44:21] axcem faxam, compute il business value
[44:25] kee tohuk lakal space free geytam faxximta.
[44:28] Kee toh yoh iyyaanam faxe wakti
[44:30] 100 dollar fanah gactaamih
[44:33] taagah compute kee
[44:35] usuk ta duyye xisam duudaamih taagah, tokkel
[44:37] qimmo tan, toh kaadu kaxxa
[44:39] taqabih addat tan business kinnim takkay immay atu call
[44:41] option free on the space geytam faxximta.
[44:42] woh kaxxa gitay tet elle yablen inna.
[44:44] Atu ta ayyaamat isi viidiyol maca aliftam faxxaah
[44:44] ?
[44:45] Uh anu axcem anu
[44:47] mango caagiidat walalenno um
[44:49] Gavin Baker esseroh addat gexa. Uh mango
[44:53] alhumitteh addat tattab AI tellemmo,
[44:56] toh yaanam macaay hununuh addah tanim celta
[44:58] . tonnal taturte bacureh toh macaay toh warigga
[45:00] salac kah celtam. Tawak uguttam celta
[45:02] . Anu tatre ayyaamah
[45:05] ayro fan kattaata, maqna akak inki adda
[45:07] kaxxa bounce luk sugteeh, atu qaynat elle tamixxigem maqar kinnim kee
[45:08] toh
[45:10] ellecaboh ayro 4 ilaa 10 fanah sugte.
[45:13] Meqeh, nanu qaynat fanti addat nan
[45:14] away kee awakâ fanah uxih nummaak
[45:16] , nummaak meqeh uh kee anu celtam hinna
[45:18] memory too op kee as
[45:22] toh kee oson bouncing takkay immay
[45:24] mangom hinna kee tohuk lakal kaxxa tuxxiq le qagitak,
[45:27] anu Bitcoin wagittaamal yaabam faxa. Um
[45:29] atu taaxigeh, anu anu anu edde yaabam
[45:32] kee atu atu taaxigeh tah tamaatem takkay immay anu edde
[45:34] osisam kiripto exxa macaay anu
[45:37] AI abam kee toh qimbisele
[45:39] September alsak ellecabo fan oktoober alsak qimbol kee hununuh tonnal
[45:41] ummatta edde raddam sabab anu edde ossimem
[45:43] paywall gufneh de macaay anu kah abam kah kinnim
[45:46] anu akkalem toh sittat axawah taniimih uddur atu numtin amoh gexa too
[45:53] asaaluk koo footimaak yewqeh oson
[45:54] numma inki qasbih
[45:56] aracal geytimaanam kee number nammay oson
[46:00] AI agent exxah taagah intrigued geytimaanamih taagah. Tohih taagah,
[46:02] kulli num crypto katayak sugeeh,
[46:06] qaada maaliyyah baadal katayak sugeh yan numuh, inkih tan
[46:09] ummattah barittam faxximta, anu Substack addal sissikuk abte angaaraw
[46:11] kee
[46:13] tama nammayak fanat yan angaaraw wagsiisak ascube. Anu elle
[46:15] aamineh annal, tatre
[46:17] 10 ayro, maqna akak,
[46:19] tatre ayyaamih Itleeniik xabba haanam, ta ayyaamih addat, inkih tan
[46:22] tekkooka,
[46:23] qimmoh addah edde yabneh nan tekkooka, nanu wadir wagtenno,
[46:26] kaxxa inflection point kinniimih taagah,
[46:28] baadal tan lakqo kaxxaam gibdih tan. Fanti midraari doorit mali
[46:30] . Oson
[46:32] literally tools gorrisaanam faxximta,
[46:36] ta caagid gexsitak geytimam kee
[46:38] AI tellemmo lakqok sahlinuk gexxam hinnam tamixxige
[46:41] .
[46:43] Kee toh yaanam lakqo kee capital
[46:44] gersi
[46:46] aracal geytimtaah, anu elle akkalennal crypto
[46:48] ascend qimmiseh yan. tonnal, anu inkih buuleyyo
[46:49] viidiyol ta ayyaamih ellecabol. Kaxxam
[46:51] meqe. Inkih yan mari amazing,
[46:54] qaxmeqe labha kee sayyoy
[46:55] ta viidiyoh addal kaxxaam ruffa yoo haytaah,
[46:57] asaaku namma essero siinih xayyosne.
[46:59] Qimmo atu Jordi kataytam faxxinta.
[47:01] Youtube fan gexak, Jordi Visser lih uktub,
[47:04] subscribe button wagitak, digital gabah agle hayya hayteh,
[47:06] gadda gey, hinnay 22V
[47:09] fokkaaqo fan gexxa, Jordi Visser, atu dubuk googil ab
[47:10] , isi dariifal LLM esser, tohih taagah, woo
[47:13] aracal koo culsaanam faxximta. Gexxaay uh
[47:14] wokkel sabiskiraayib ab. Kee tohuk lakal
[47:17] AI lowsis gubat haytuh lowsis gubat haytuh lowsis gubat haytuh
[47:21] CFO Silvia.com fanah gexxa. Atu wohul foyyah taysaqarrimem duuddah
[47:24] .
[47:26] Ni kataysa Jordi, nanu ciggiila ayyaamih ellecabol qagitak yaabenno
[47:28] . Ciggiila ayyam koo ableyyo
[47:29] , bud.