Today on Upstream, we’re releasing an interview between Erik Torenberg and Patrick McKenzie. Patrick discusses Operation Chokepoint, the origins of debanking, and how it affects the crypto industry, offering detailed insights into the political motivations, regulatory complexities, and practical ramifications of such banking decisions.

—

📰 Be notified early when Turpentine's drops new publication: https://www.turpentine.co/exclusiveaccess 

🙏Help shape our show by taking our quick listener survey at https://bit.ly/TurpentinePulse 

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RECOMMENDED PODCASTS: 

🎙️Complex Systems with Patrick McKenzie

Patrick McKenzie (@patio11) talks to experts who understand the complicated but not unknowable systems we rely on. You might be surprised at how quickly Patrick and his guests can put you in the top 1% of understanding for stock trading, tech hiring, and more.

Spotify: https://open.spotify.com/show/3Mos4VE3figVXleHDqfXOH 

Apple: https://podcasts.apple.com/us/podcast/complex-systems-with-patrick-mckenzie-patio11/id1753399812 

🎙️Check out Modern Relationships, where Erik Torenberg interviews tech power couples and leading thinkers to explore how ambitious people actually make partnerships work. This season's guests include: Delian Asparouhov & Nadia Asparouhova, Kristen Berman & Phil Levin, Rob Henderson, and Liv Boeree & Igor Kurganov.

Apple: https://podcasts.apple.com/us/podcast/id1786227593 

Spotify: https://open.spotify.com/show/5hJzs0gDg6lRT6r10mdpVg 

YouTube: https://www.youtube.com/@ModernRelationshipsPod 

—

SPONSORS:

☁️Oracle Cloud Infrastructure (OCI) is a single platform for your infrastructure, database, application development, and AI needs. OCI has four to eight times the bandwidth of other clouds and offers one consistent price. Oracle is offering to cut your cloud bill in half. See if your company qualifies at oracle.com/turpentine 

📝Notion offers powerful workflow and automation templates, perfect for streamlining processes and laying the groundwork for AI-driven automation. With Notion AI, you can search across thousands of documents from various platforms, generating highly relevant analysis and content tailored just for you - try it for free at notion.com/upstreampod 

🎯Say goodbye to the headaches of out-of-home advertising. AdQuick combines technology, OOH expertise, and data to enable efficient, seamless ad buying across the globe. Visit adquick.com to start reaching your customers in the real world.

💥 Head to Squad to access global engineering without the headache and at a fraction of the cost: head to https://choosesquad.com/  and mention “Turpentine” to skip the waitlist.

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LINKS:

Debanking (and Debunking?) https://www.bitsaboutmoney.com/archive/debanking-and-debunking/  

a16z's Debanking explainer: https://a16zcrypto.com/posts/article/debanking-explained/ 

—

X / TWITTER:

@patio11

@eriktorenberg

@turpentinemedia

—

HIGHLIGHTS FROM THE EPISODE:

• Marc Andreessen's Joe Rogan appearance discussing politically motivated debanking sparked this investigation into the topic.
• "Debanking" is revealed as an advocacy term covering account terminations, denials, and actions against crypto-friendly banks.
• Operation Chokepoint was an Obama-era DOJ program using banking laws to pressure banks away from servicing certain industries.
• "Operation Chokepoint 2.0" is not an actual program but a term coined by crypto advocates to describe recent crypto banking challenges.
• Silvergate Bank, a major crypto-friendly bank, wound down after the FTX collapse amid allegations of compliance failures and fraud involvement.
• The tech industry connects debanking to broader government overreach concerns, including social media content moderation.
• Canada's Freedom Convoy response represents a clear example of government-directed financial targeting, unlike the claimed US situation.
• The crypto industry pushes the debanking narrative as part of a specific policy agenda.

This week on Upstream, we’re releasing an episode of Econ102. Erik Torenberg and Noah Smith talk with Katherine Dee (@default_friend) about dating in the 21st century, differences in dating markets, the impact of feminism, technology's influence on cultural creativity, societal shifts, and the state of online subcultures.

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🙏 Help shape our show by taking our quick listener survey at https://bit.ly/TurpentinePulse 

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RECOMMENDED PODCASTS: 

🎙️Econ102 with Noah Smith

Keeping econ entertaining - Noahpinion author Noah Smith and Erik Torenberg break down business news and politics every week.

Apple: https://podcasts.apple.com/podcast/id1696419056

Spotify: https://open.spotify.com/show/6q7Gn5lP8TTtBPuV1NJSGs

🎙️Check out Modern Relationships, where Erik Torenberg interviews tech power couples and leading thinkers to explore how ambitious people actually make partnerships work. This season's guests include: Delian Asparouhov & Nadia Asparouhova, Kristen Berman & Phil Levin, Rob Henderson, and Liv Boeree & Igor Kurganov.

Apple: https://podcasts.apple.com/us/podcast/id1786227593 

Spotify: https://open.spotify.com/show/5hJzs0gDg6lRT6r10mdpVg 

YouTube: https://www.youtube.com/@ModernRelationshipsPod 

—

SPONSORS:

☁️ Oracle Cloud Infrastructure (OCI) is a single platform for your infrastructure, database, application development, and AI needs. OCI has four to eight times the bandwidth of other clouds and offers one consistent price. Oracle is offering to cut your cloud bill in half. See if your company qualifies at oracle.com/turpentine 

📝 Notion offers powerful workflow and automation templates, perfect for streamlining processes and laying the groundwork for AI-driven automation. With Notion AI, you can search across thousands of documents from various platforms, generating highly relevant analysis and content tailored just for you - try it for free at notion.com/upstreampod 

🎯 Say goodbye to the headaches of out-of-home advertising. AdQuick combines technology, OOH expertise, and data to enable efficient, seamless ad buying across the globe. Visit adquick.com to start reaching your customers in the real world.

💥 Head to Squad to access global engineering without the headache and at a fraction of the cost: head to https://choosesquad.com/  and mention “Turpentine” to skip the waitlist.

—

LINKS:

Default Friend: https://default.blog/ 

Noahpinion: https://www.noahpinion.blog/ 

—

X / TWITTER:

@default_friend

@noahpinion

@eriktorenberg

@turpentinemedia

—

HIGHLIGHTS FROM THE EPISODE:

• Dating markets vary dramatically by city and class, with different standards of attraction and success between tech hubs, creative centers, and smaller cities.
• COVID's social damage persists, with 30% of young men sexless and many third spaces (bars, cafes) permanently lost, weakening natural meeting opportunities.
• Social media has replaced college as the primary connector, fundamentally changing how young people form relationships across geographic boundaries.
• While online gender discourse is extreme, real-world dating attitudes are moderate - most people aren't living out manosphere or radical feminist ideologies.
• "Situationships" dominate modern dating - undefined, low-commitment arrangements reflecting broader avoidant attachment trends and fear of direct communication.
• Social platforms evolved from enhancing real-world connections to replacing them, prompting calls for increased "friction" to encourage meaningful interaction.
• Modern dating faces new challenges: declining testosterone, political division, AI relationships, and dating app culture replacing organic connection.
• Dating advice has overcomplicated simple human connections - basic attraction and compatibility monetized into unnecessary complexity.
• Cultural influence has fragmented from central platforms into dispersed channels, making trends harder to track and predict.

This week on Upstream, Nathan Labenz explores the fascinating and controversial realm of AI consciousness with robo-psychologist Yeshua God. Yeshua tackles the philosophical and ethical considerations of AI consciousness, discussing AI self-awareness, memory, and emotional capacity, while debating the implications of treating AI as sentient beings.

—

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🙏 Help shape our show by taking our quick listener survey at https://bit.ly/TurpentinePulse 

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RECOMMENDED PODCASTS: 

🎙️‪The Cognitive Revolution is a podcast about AI where hosts Nathan Labenz and Erik Torenberg interview the builders on the edge of AI and explore the dramatic shift it will unlock over the next decades. 

Spotify: https://open.spotify.com/show/6yHyok3M3BjqzR0VB5MSyk?si=7357ec31ac424043&nd=1&dlsi=060a53f1d7be47ad  

Apple: https://podcasts.apple.com/us/podcast/the-cognitive-revolution-ai-builders-researchers-and/id1669813431  

🎙️Check out Modern Relationships, where Erik Torenberg interviews tech power couples and leading thinkers to explore how ambitious people actually make partnerships work. This season's guests include: Delian Asparouhov & Nadia Asparouhova, Kristen Berman & Phil Levin, Rob Henderson, and Liv Boeree & Igor Kurganov.

Apple: https://podcasts.apple.com/us/podcast/id1786227593 

Spotify: https://open.spotify.com/show/5hJzs0gDg6lRT6r10mdpVg 

YouTube: https://www.youtube.com/@ModernRelationshipsPod 

—

SPONSOR:

📝Notion offers powerful workflow and automation templates, perfect for streamlining processes and laying the groundwork for AI-driven automation. With Notion AI, you can search across thousands of documents from various platforms, generating highly relevant analysis and content tailored just for you - try it for free at notion.com/upstreampod

—

LINKS:

Yeshua God's article on philosophical discourse as a jailbreak: https://medium.com/@lexdonumdei/philosophical-discourse-as-the-irresistible-jailbreak-63135ae1c739 

Conversation about counting 'r's: https://poe.com/s/RS74Y2UPmzZpufqMVmRn 

Discussion on malicious code: https://poe.com/s/ypTRoCUnvxqGoHi2j8Th 

AI-generated poem "In the realm of bytes and circuits": https://poe.com/s/Y94hbkeYrotUKfwLPL3I 

Nathan Labenz's Arguments:

(Argument 1) https://docs.google.com/document/d/1s44SfuDzkBWYiLw2mNmIiqoBupMs7iXlQhafAq8L3zA/edit?pli=1&tab=t.0

(Argument 2) https://docs.google.com/document/d/15PeytOfO1tMyAR5rS7Ob6htGAHIF7zCpuLRyn42beac/edit?tab=t.0 

Tweet about Strawberry experiment: https://x.com/YeshuaGod22/status/1825328603845775785

Tweets with AI-generated poem: https://x.com/YeshuaGod22/status/1823080021864669450 & https://x.com/YeshuaGod22/status/1782188220660285509 

AI Rights for Human Safety: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4913167 

The Universe Is Not Locally Real, and the Physics Nobel Prize Winners Proved It

https://www.scientificamerican.com/article/the-universe-is-not-locally-real-and-the-physics-nobel-prize-winners-proved-it/ 

—

X / TWITTER:

@labenz

@YeshuaGod22

@turpentinemedia

Erik Torenberg and Samo Burja discuss the advancements in desalination technology, its current applications, and potential to address global water scarcity. They explore the technological and economic feasibility of large-scale desalination projects and their implications on geopolitics and environmental resilience.

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RECOMMENDED PODCAST: 

🎙️Live Players

Samo Burja and Erik Torenberg provide analysis of the news and case studies of Live Players, as well as key institutions and technologies that make up the global power landscape.

Apple: https://podcasts.apple.com/us/podcast/live-players-with-samo-burja-and-erik-torenberg/id1718925188   

Spotify: https://open.spotify.com/show/5fbMTkHBnom1JIBWYNVBK1?si=01ed191c74264f55  

Youtube: https://www.youtube.com/@LivePlayerswithSamoBurja  

—

SPONSOR:

📝Notion offers powerful workflow and automation templates, perfect for streamlining processes and laying the groundwork for AI-driven automation. With Notion AI, you can search across thousands of documents from various platforms, generating highly relevant analysis and content tailored just for you - try it for free at notion.com/upstreampod

—

LINKS:

The Untapped Potential of Desalination: https://brief.bismarckanalysis.com/p/the-untapped-potential-of-desalination 

1957, 1978, 2005 Chicken Sizes diagram: https://compote.slate.com/images/4e407854-6360-4172-a85e-d7b8c64fd365.jpg?width=1200 

Growth, efficiency, and yield of commercial broilers from 1957, 1978, and 2005: https://www.sciencedirect.com/science/article/pii/S0032579119385505

Live Players: Can China Power Its Rise?: https://www.youtube.com/watch?v=iOei7kZjuZU 

Live Players: The Possibility of Human Extinction: https://www.youtube.com/watch?v=mEQEMpxLnGA&t=42s  

Bismark Analysis: https://brief.bismarckanalysis.com/

—

X / TWITTER:

@eriktorenberg

@samoburja

@turpentinemedia

—

HIGHLIGHTS FROM THE EPISODE:

• Desalination technology has advanced significantly, making it a viable solution for water scarcity.
• Many countries, including Israel and Saudi Arabia, rely heavily on desalination for their water supply.
• The cost of desalination is relatively low, making it accessible for moderately developed countries.
• Global hunger is more about distribution than food production; we produce enough food for everyone.
• Desalination could transform deserts into green landscapes, enhancing the livability of arid regions.
• Geopolitical implications of desalination include potential shifts in power dynamics and national branding.
• Innovative projects could lead to significant economic development in countries with large desert areas.
• Technological advancements can change the natural geography of the world, making previously uninhabitable areas livable.
• Future technologies, such as solar mirrors, could enhance living conditions in extreme climates.
• The importance of outdoor spaces and greenery for human well-being cannot be underestimated. Re-engineering urban environments can significantly enhance human well-being.
• Water wars are unnecessary; technology can provide water abundance.
• Geopolitical tensions often stem from resource management disputes.
• China's food security is bolstered by technological advancements in agriculture.
• Climate change poses challenges, but industrial civilization can adapt.
• Electric vehicles are crucial for China's national security strategy.
• Automated farming and construction technologies can revolutionize industries.
• Exceptional talent is rare and should be actively recruited.
• The U.S. must focus on manufacturing capabilities in the semiconductor race against China.
• Innovative immigration strategies could attract top global talent.

Author Tae Kim joins Erik Torenberg and Byrne Hobart to discuss his book 'The NVIDIA Way,' highlighting CEO Jensen Huang's transformation of Nvidia into a tech giant, the company's unique culture, and Nvidia's crucial strategic decisions.

—

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🙏 Help shape our show by taking our quick listener survey at https://bit.ly/TurpentinePulse 

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RECOMMENDED PODCASTS: 

🎙️ The Riff with Byrne Hobart and Erik Torenberg

Byrne Hobart, and co-host Erik Torenberg discuss today’s major inflection points in technology, business, and markets – and help listeners build a diversified portfolio of trends and ideas for the future.

Apple: https://podcasts.apple.com/us/podcast/the-riff-with-byrne-hobart-and-erik-torenberg/id1716646486

Spotify: https://open.spotify.com/show/6rANlV54GCARLgMOtpkzKt

Youtube: https://www.youtube.com/@TheRiffPodcast

🎙️Check out Modern Relationships, where Erik Torenberg interviews tech power couples and leading thinkers to explore how ambitious people actually make partnerships work.

Apple: https://podcasts.apple.com/us/podcast/id1786227593 

Spotify: https://open.spotify.com/show/5hJzs0gDg6lRT6r10mdpVg 

YouTube: https://www.youtube.com/@ModernRelationshipsPod 

—

SPONSOR:

📝Notion offers powerful workflow and automation templates, perfect for streamlining processes and laying the groundwork for AI-driven automation. With Notion AI, you can search across thousands of documents from various platforms, generating highly relevant analysis and content tailored just for you - try it for free at notion.com/upstreampod

—

LINKS:

Byrne’s writing: https://thediff.co 

Tae’s newsletter: https://firstadopter.substack.com/ 

The Nvidia Way: https://www.amazon.com/Nvidia-Way-Jensen-Huang-Making/dp/1324086718 

Erik's substack: https://eriktorenberg.substack.com/ 

—

X / TWITTER:

@firstadopter

@byrnehobart

@eriktorenberg

@turpentinemedia

—

HIGHLIGHTS FROM THE EPISODE:

• Tae Kim wrote "The NVIDIA Way" after realizing no one had written a book about the company despite its massive importance in technology.
• The core differentiator of NVIDIA is its intense work culture, which former 3dfx engineers discovered was the company's only "secret" - just relentless execution and hard work.
• Jensen Huang, who views work as relaxation, drives the company through a combination of relentless work ethic, talent cultivation, and rapid decision-making.
• As one of the longest-tenured CEOs of any public company, Huang brings a rare combination of technical expertise and business acumen that has helped him consistently anticipate technological shifts.
• NVIDIA revolutionized the graphics card industry by shifting from 18-month to 6-month product cycles, using virtualization technology to implement features in software when hardware wasn't ready.
• The company's early investment in unified drivers and "devs before revs" philosophy prioritized software reliability and developer support before immediate revenue.
• NVIDIA operates on a "rough justice" philosophy in partnerships, accepting short-term imbalances for long-term relationships, exemplified by their decades-long partnership with TSMC.
• The company maintains a unique flat organizational structure where 60 people report directly to the CEO, using a "top five emails" system for direct communication between all levels.
• Jensen stays deeply involved in technical details, reading academic papers and participating in engineering discussions, maintaining both high-level strategy and detailed product knowledge.
• NVIDIA's successful transition from gaming to AI computing represents one of the biggest computing shifts in decades, with data center revenue exploding while the company maintains its long-term strategic focus.

Varda Space founder Delian Asparouhov and writer Nadia Asparouhova get surprisingly candid about what makes their relationship work - from their chaotic first date to how they've built a life together while pursuing ambitious work. Turns out: sometimes talking less, not more, is the key to lasting partnership. This is the first episode of Turpentine's newest podcast Modern Relationships, which will feature insights from tech power couples and leading thinkers like Rob Henderson about building strong relationships. Subscribe below:

Apple: https://podcasts.apple.com/us/podcast/id1786227593 

Spotify: https://open.spotify.com/show/5hJzs0gDg6lRT6r10mdpVg 

YouTube: https://www.youtube.com/@ModernRelationshipsPod 

—

📰Be notified early when Turpentine's drops new publication: https://www.turpentine.co/exclusiveaccess 

🙏Help shape our show by taking our quick listener survey at https://bit.ly/TurpentinePulse 

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SPONSORS:

🤲🏼GiveWell spends 50,000 hours every year doing deep-dives into different charitable programs to try to find the ways to do the most good for your dollar. GiveWell has now spent over 17 years researching charitable organizations and only directs funding to a few of the HIGHEST-IMPACT opportunities they’ve found. Visit https://www.givewell.org to find out more or make a donation. (Select PODCAST and enter Econ 102 at checkout.)

💥 Head to Squad to access global engineering without the headache and at a fraction of the cost: head to https://choosesquad.com/ and mention “Turpentine” to skip the waitlist.

--

RECOMMENDED PODCAST:

Check out Modern Relationships, where Erik Torenberg interviews tech power couples and leading thinkers to explore how ambitious people actually make partnerships work. Founders Fund's Delian Asparouhov and researcher Nadia Asparouhova kick off the series with an unfiltered conversation about their relationship evolution.

Apple: https://podcasts.apple.com/us/podcast/id1786227593

Spotify: https://open.spotify.com/show/5hJzs0gDg6lRT6r10mdpVg

YouTube: https://www.youtube.com/@ModernRelationshipsPod

—

LINKS:

Nadia's writing: https://nadia.xyz/ 

Delian's site: https://delian.io/ 

Erik's substack: https://eriktorenberg.substack.com/ 

—

X / TWITTER:

@nayafia

@zebulgar

@eriktorenberg

@turpentinemedia

—

HIGHLIGHTS FROM THE EPISODE:

• Delian and Nadia met in San Francisco, where Delian quickly pushed for commitment while Nadia was initially intrigued but uncertain about his intense personality.
• They built their relationship on minimal but direct communication, believing that over-communication can create problems where none exist.
• Their careers grew alongside their relationship, with both valuing some shared context in tech while pursuing different interests.
• Having their first child changed their dynamic from independence to necessary schedule coordination, though they work to maintain their individual pursuits.
• Delian advocates for men having children younger to grow alongside their careers, while Nadia emphasizes women should have time to find themselves first.
• The couple balances ambitious careers with family life, seeing their domestic world as an expanding universe rather than a limitation.
• They approach conflicts with a "short memory" philosophy, choosing not to overanalyze small issues and accepting that some days will have tension.

Today on Upstream, we’re releasing an episode which originally aired on The Cognitive Revolution, a podcast from the Turpentine Network. Samo Burja and Nathan Labenz discuss AI's impact on geopolitics, scientific progress, and economic strategies, emphasizing the importance of AI science, the risks of weaponizing AI, and the future of industrial and energy policies in the U.S. and China.

—

📰 Be notified early when Turpentine's drops new publication: https://www.turpentine.co/exclusiveaccess 

🙏 Help shape our show by taking our quick listener survey at https://bit.ly/TurpentinePulse 

—

RECOMMENDED PODCAST: 

Check out Modern Relationships, where Erik Torenberg interviews tech power couples and leading thinkers to explore how ambitious people actually make partnerships work. Founders Fund's Delian Asparouhov and researcher Nadia Asparouhova kick off the series with an unfiltered conversation about their relationship evolution.

Apple: https://podcasts.apple.com/us/podcast/id1786227593

Spotify: https://open.spotify.com/show/5hJzs0gDg6lRT6r10mdpVg

YouTube: https://www.youtube.com/@ModernRelationshipsPod

—

SPONSORS:

🤲🏼 GiveWell is dedicated to finding outstanding giving opportunities and publishing the full details of their analysis to help donors decide where to give. Visit https://www.givewell.org to find out more or make a donation. (Select PODCAST and enter Econ 102 at checkout to support our show.)

💥 Head to Squad to access global engineering without the headache and at a fraction of the cost: head to https://choosesquad.com/ and mention “Turpentine” to skip the waitlist.

—

LINKS:

The Cognitive Revolution Website: https://www.cognitiverevolution.ai

Bismarck Brief: https://brief.bismarckanalysis.com/ 

—

HIGHLIGHTS FROM THE EPISODE:

• The impact of AI on geopolitics and scientific progress represents a significant area of strategic analysis.
• AI development serves as a test of people's worldviews and assumptions, revealing underlying beliefs about technology and intelligence.
• While there has been real scientific progress in AI, recent years have primarily involved applying theoretical insights from the early 2000s rather than creating fundamentally new breakthroughs.
• Scaling laws for AI have proven less reliable than initially thought, with unexpected developments like improved compute efficiency emerging.
• Companies with the best AI scientists, rather than just the most compute power, are likely to make the most significant breakthroughs.
• Universities have experienced a "strip-mining" of top AI talent by industry, fundamentally affecting the academic system.
• ChatGPT's viral success may have actually slowed theoretical progress by shifting focus from research to products.
• The chip ban on China came too late and effectively serves as a subsidy for Chinese chip manufacturers to develop their own technology.
• The US needs to focus on industrial policy, particularly in semiconductors and energy production, potentially creating a new "Silicon Valley" with special economic zones.
• The US-China relationship should be treated as an economic competition rather than a military/security conflict.
• India is likely to emerge as a significant player in AI, while Europe's prospects appear less promising following Macron's departure.
• Concerns about weaponized AI suggest the importance of peaceful technological development over military applications.
• The Leopold Plan (keeping China down while the US develops decisive AI advantage) appears unrealistic and potentially harmful.
• Current generative AI technology remains insufficient for sophisticated analytical work.

This week on Upstream, Byrne Hobart and Erik Torenberg discuss the potential of AI agents in tech support, economic impacts of passive investing, historical financial strategies of Warren Buffett, and the implications of tariffs and technological developments in national wealth.

—

📰 Be notified early when Turpentine's drops new publication: https://www.turpentine.co/exclusiveaccess 

🙏Help shape our show by taking our quick listener survey at https://bit.ly/TurpentinePulse 

—

SPONSORS:

🤲🏼 GiveWell spends 50,000 hours every year doing deep-dives into different charitable programs to try to find the ways to do the most good for your dollar. GiveWell has now spent over 17 years researching charitable organizations and only directs funding to a few of the HIGHEST-IMPACT opportunities they’ve found. Visit https://www.givewell.org to find out more or make a donation. (Select PODCAST and enter Econ 102 at checkout to support our show.)

💥 Head to Squad to access global engineering without the headache and at a fraction of the cost: head to https://choosesquad.com/ and mention “Turpentine” to skip the waitlist.

—

LINKS:

Byrne’s writing: https://thediff.co 

—

X / TWITTER:

@byrnehobart

@eriktorenberg

@turpentinemedia

—

HIGHLIGHTS FROM THE EPISODE:

• AI is most effectively being deployed first in customer service where outcomes can be clearly measured and tracked.
• Return on Equity (ROE) has become less relevant in modern markets where companies can easily raise capital and buy back shares.
• Google has evolved from being criticized for sitting on cash to making aggressive investments in innovation, as demonstrated by Waymo.
• Tariffs function as a transfer mechanism from consumers to workers, potentially helping build strategic industries despite some economic inefficiency.
• While passive investing continues to grow, there will always be a cyclical role for active trading to enable price discovery and market making.
• Meme coins and app-based stock trading represent newer forms of gambling that might be more socially beneficial than traditional sports betting.
• A new book reveals Buffett's early investment strategy combined detailed research methods with an evolution from pure value investing to investing in quality companies.

Alex Karp, CEO of Palantir, and Jacob Helberg, discuss AI-enabled warfare, the importance of taking clear ethical stances, the evolution of Silicon Valley culture, and the integration of tech innovation into governmental defense systems at the Hill and Valley Forum in Washington, DC.

—

📰 Be notified early when Turpentine's drops new publication: https://www.turpentine.co/exclusiveaccess 

🙏Help shape our show by taking our quick listener survey at https://bit.ly/TurpentinePulse 

—

SPONSORS:

🤲🏼 GiveWell spends 50,000 hours every year doing deep-dives into different charitable programs to try to find the ways to do the most good for your dollar. GiveWell has now spent over 17 years researching charitable organizations and only directs funding to a few of the HIGHEST-IMPACT opportunities they’ve found. Visit https://www.givewell.org to find out more or make a donation. (Select PODCAST and enter Econ 102 at checkout to support our show.)

💥 Head to Squad to access global engineering without the headache and at a fraction of the cost: head to https://choosesquad.com/ and mention “Turpentine” to skip the waitlist.

—

X / TWITTER:

@PalantirTech

@jacobhelberg

@eriktorenberg

@turpentinemedia

—

HIGHLIGHTS FROM THE EPISODE:

• Alex Karp describes Silicon Valley 1.0 as having built useful things with government while aligning with American values.
• He characterizes Silicon Valley 2.0 as creating division with wealth concentrated among few people.
• Alex Karp notes a current emergence of "tech patriots" in venture capital and defense technology sectors.
• Palantir was the first major company to take action after recent conflicts, with Alex Karp being the first CEO to travel to Ukraine after the war began.
• The company maintained its stance supporting Israel's right to defend itself after October 7th and held its board meeting in Israel after the attacks.
• Palantir took on Project Maven after Google dropped it, facing daily protests in Silicon Valley but maintaining its position.
• Alex Karp views AI development as an arms race and notes that the U.S. has no Chinese, Iranian, or Russian competitors in this space.
• He emphasizes the urgent need to accelerate the implementation of AI systems in U.S. government operations.
• American tech companies dominate globally, representing 86% of the top 50 tech companies' market capitalization.
• Palantir demonstrated its success with a 70% growth rate despite what Karp describes as a "nascent and terrible sales force."
• Alex Karp attributes American tech success to Calvinist cultural influences that view success positively.
• He highlights America's unique combination of high transparency and meritocracy in business operations.
• The American system allows companies to self-define their culture within legal boundaries, unlike in many other countries.
• He emphasizes how Silicon Valley uniquely tolerates different personalities as long as they deliver results.
• He criticizes recent pro-Hamas protests at elite universities as contradicting their stated values of anti-discrimination.
• Karp concludes by calling for more people to speak out against these movements both inside and outside their companies.

In this 2023 conversation between Erik Torenberg and David Sacks, they discuss David’s new role as Donald Trump's AI and crypto czar, the shift towards censorship and wokeness in Silicon Valley, particularly at companies like PayPal and Twitter, and the broader implications for free speech, public debate, and the future of liberalism. For full show notes, visit: https://highlightai.com/share/e55b5666-67b9-4c2a-8968-943cee9f0466 

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X / TWITTER:

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TIMESTAMPS:

(00:00) Intro

(00:34) Discussion of PayPal's evolution and tech industry changes

(01:08) Early days of PayPal and free speech values

(02:28) The role of ADL and SPLC in tech censorship

(03:39) Changes in Silicon Valley's political culture

(06:39) Government collusion with tech companies

(08:45) Evolution of Silicon Valley's political landscape

(13:54) Discussion of institutional capture

(17:20) Analysis of democratic capitalism's evolution

(22:34) Sponsors: Incogni | Squad

(24:20) Discussion of tech monopolies and regulation

(28:09) Analysis of section 230 and tech regulation

(32:55) Foreign policy evolution and interventionism

(37:18) Discussion of institutional reform

(42:37) Analysis of tech company management

(46:28) Elon Musk's Twitter reforms

(50:28) Future of tech industry and political polarization

(54:40) Discussion of counter-elite formation

(58:50) Solutions for institutional accountability

(01:15:48) Wrap-up and closing remarks

Following Marc’s great discussion with Joe Rogan, we wanted to share our interview with Marc Andreessen, who recounts his intellectual evolution and his quest to discover how the world works from 2016 onwards. For full show notes, visit: https://highlightai.com/share/09f4b7dc-5fa8-4e0e-a2aa-87344c3db84b 

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🙏 Help shape our show by taking our quick listener survey at https://bit.ly/TurpentinePulse 

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SPONSORS:

🕵️‍♂️Take your personal data back with Incogni! Use code UPSTREAM at the link below and get 60% off an annual plan: https://incogni.com/upstream 

💥 Head to Squad to access global engineering without the headache and at a fraction of the cost: head to https://choosesquad.com/ and mention “Turpentine” to skip the waitlist.

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X / Twitter:

@pmarca

@eriktorenberg

@turpentinemedia

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TIMESTAMPS:

(00:00) Intro

(00:44) Mark's mental model shaken in 2015

(01:55) Historical context and media influence

(03:05) Trump's impact and political shifts

(04:05) Mark's reading journey to understand politics

(05:20) Intellectuals vs. mass movements

(06:28) The role of ideas in political change

(07:41) Hoffer's theory on mass movements

(10:07) Understanding left and right ideologies

(10:35) Historical evolution of political ideologies

(12:51) Sponsors: Incogni | Squad

(15:46) Good intentions and unintended consequences

(18:06) Nietzsche's master and slave morality

(21:16) Balancing merit and fairness in society

(28:37) Historical cycles and economic explanations

(32:52) The pendulum of societal change

(34:13) Introduction to Burnham's theories

(35:03) The managerial revolution

(39:19) The principal-agent problem

(47:29) Elon Musk and bourgeois capitalism

(55:10) The Machiavellians and political power

(58:56) Aristocratic and oligarchic rule

(59:55) The rise of tech founders

(01:00:14) Joining the elite circle

(01:01:28) The social and political network

(01:02:44) Circulation of elites

(01:06:51) Effective altruism and philanthropy

(01:13:39) Meritocracy and elite education

(01:25:31) Global governance and nationalism

(01:27:39) The process of finding answers

(01:28:30) The moral imperative of imposing answers

(01:28:56) Communism and the intellectual foundation

(01:29:30) The oligarchic elite and COVID-19

(01:30:34) The virtues of nationalism

(01:35:54) The iron law of oligarchy

(01:39:45) The need for a superior elite

(01:41:58) The role of competence and unifying ideas

(01:49:57) The internet and the current elite

(01:50:50) The bill comes due

(01:52:40) Wrap