Andrew Ross Sorkin

Chamath Palihapitiya × David Friedberg × Andrew Ross Sorkin

AI investment echoes 1929’s mix of technology and easy credit, but corporations are funding much of today’s spending with real cash and leverage is harder to locate across data centers, energy, real estate and private credit.Nvidia–OpenAI and AMD arrangements suggest possible circularity, yet a reckoning could still be years away; the key test is whether AI moves beyond novelty-slopware toward durable productivity and quality.

Andrew Ross Sorkin × Chamath Palihapitiya × Jason Calacanis × David Sacks × David Friedberg

The rally reflected fading catastrophe risk around 145% China tariffs, not a literal “Bessent put.”Rare-earth dependence, Alphabet’s Gemini distribution gap, Tesla’s autonomy risks, and China’s energy advances leave trade, regulation, and execution as key catalysts.