Latest Interviews
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Clear all filters- Dwarkesh Patel2h 37m
What rebuilding AlphaGo teaches us about self-play, RL, and future of LLMs - Eric Jang
Eric Jang, Ron Minsky, Dan Pontecorvo
Eric Zhang reconstructs AlphaGo to demonstrate how modern computing, including LLM-assisted coding and efficient neural architectures, reduces training costs from millions to thousands of dollars while solving Go's NP-hard complexity through Monte Carlo Tree Search. The presentation details the evolution from human-supervised data to tabula rasa self-play, highlighting how MCTS provides low-variance supervision that stabilizes value function learning for mid-game states. This framework validates Go as a scalable sandbox for testing automated AI research, offering transferable insights for robotics and drug discovery via verifiable performance loops.
- Milken Institute59 min
Private Equity: Value Creation Under New Rate Regimes | Global Conference 2026
Hugh MacArthur, Joe Baratta, Martín Escobari, Raoul Hughes, Meredith Jenkins, Pete Stavros
Leading private equity firms like KKR and Blackstone are pivoting from speculative AI experimentation to targeted operational efficiency, achieving modest EBITDA improvements while redefining software investment criteria to prioritize durable infrastructure over vulnerable point solutions. As the industry confronts extended holding periods and a capital stack constrained by high entry multiples, firms are shifting focus from financial engineering to deep operational value creation, leveraging specialized sourcing and geographic diversification in markets like Japan and Germany. Looking ahead, the sector anticipates a surge in liquidity driven by a wave of maturing assets and a strategic expansion of retail capital access, provided that new vehicles maintain structural parity with institutional standards to avoid conflict-of-interest pitfalls.
Chips, Gigawatts, AI, & Agents: Coatue's Public Markets Update | CIO Jaimin Rangwalla
Jaimin Rangwalla, Molly O'Shea
KOTU is pivoting its investment framework from hardware-specific assets to "gigawatt" power infrastructure and supply chain bottlenecks as private AI firms like OpenAI and Anthropic achieve valuations exceeding $100 billion while growing revenue faster than traditional hyperscalers. This shift highlights a critical divergence where suppliers of power and memory see massive margin expansion while hardware buyers face compressed multiples due to soaring capital expenditures. The firm anticipates that the eventual IPOs of trillion-dollar AI companies will expand the public investable universe rather than disrupt markets, driven by a transition from chatbots to autonomous agents that demand 10x larger semiconductor footprints.
- The Economist8 min
Why gold, bonds and the dollar are underwhelming investors | The Economist
Global equity markets are maintaining all-time highs despite a historic oil supply shock from the Iran conflict, as investors prioritize optimism about AI-driven growth over immediate energy disruptions. Traditional safe-haven assets like gold, the US dollar, and government bonds have lost their protective appeal due to inflation concerns and a lack of differentiation, leaving stocks as the only viable alternative. This convergence has created a market dynamic where gains are driven by a scarcity of alternatives rather than fundamental profit expectations, raising significant concerns about a potential bubble and subsequent crash.
- Goldman Sachs11 min
A Tale of Two Markets
Shawn Tuteja, Chris Hussey, Sean Tatasia
As of May 13, the S&P 500 and Nasdaq have rallied significantly driven by a 17% year-over-year earnings growth surge and concentrated capital expenditure of $755 billion in the AI sector. This performance has created a divergence where hyperscalers and semiconductor equipment outpace cyclical equities amid inflation shocks that have shifted Federal Reserve expectations from rate cuts to potential hikes. While Goldman Sachs rules out a bubble due to earnings-backed fundamentals, the market faces heightened volatility risks from systemic leverage and potential macro triggers like 30-year Treasury yields breaching 5%.
- Goldman Sachs21 min
Has the AI rally gone too far?
Tony Pasquariello, Josh Schiffrin, Dominic Wilson, Tom
Market analysts Josh Shiffrin and Dominick Wilson assess a resilient global economy driven by record-high AI capital expenditure and robust US and Korean earnings, while identifying unresolved geopolitical tensions in Iran as the primary downside risk. Although speculative excesses have emerged in semiconductor sectors and credit markets remain tight, the consensus predicts the Federal Reserve will maintain a "watch and wait" stance with rate cuts unlikely until 2026 unless labor markets soften significantly. Consequently, investors are advised to hedge against energy supply shocks and position for a long-term dollarization trend as Asian markets outperform a lagging Europe.
- Milken Institute1h 1m
Emma Grede "Start with Yourself: A New Vision for Work & Life": Author Talk | Global Conference 2026
Emma Grede, Stephanie Phair, Kristin Juszczyk, Ashley Graham, Jens Grede
Kim Kardashian West shares her core philosophy of radical ownership and direct communication, advocating for visible proximity to decision-makers over the pursuit of work-life balance. Leveraging her experience as a founder of billion-dollar ventures like Skims and Good American, she challenges women to reject performative diversity and embrace strategic partnerships to build sustainable, inclusive businesses. Looking ahead, she aims to facilitate a massive transfer of wealth to the next generation of female leaders by using her platform to fund and mentor women from underprivileged backgrounds.
Anthropic Buys Compute From Elon & Commits $200BN to Google | Cerebras IPO | Ramp Raises at $40BN
Elon, Jason Lemkin, Rory O'Driscoll, Harry Stebbings
Anthropic enforced a board-approval mandate on all secondary share transfers to secure cap table integrity ahead of an IPO, a move that triggered market volatility and reshaped liquidity expectations for its investors. Concurrently, the company solidified its strategic position through a $200 billion Google partnership and a compute capacity deal with SpaceX, while the broader market witnessed high-profile IPOs like Cerebras' record oversubscription alongside significant SaaS valuation resets driven by divergent growth trajectories. These developments underscore a sector-wide shift toward infrastructure consolidation and rigorous performance metrics, where success now hinges on tangible AI integration and the ability to navigate complex legal and competitive landscapes.
- The Diary Of A CEO1h 27m
UFO Roundtable: Former CIA Scientist Proves Aliens Exist!
Allegations persist of an eight-decade U.S. government cover-up involving a secret "Legacy Program" that reverse-engineered non-human technology and suppressed evidence of transmedium craft capable of defying known physics. While high-ranking officials like Leon Panetta and James Clapper confirm the reality of the phenomenon, deep bureaucratic resistance and fear of career retaliation continue to hinder a full public disclosure of recovered materials and witness testimonies. The current administration, supported by bipartisan security concerns, is actively compiling classified data to prepare for a future announcement expected to revolutionize energy and propulsion sectors while confirming the existence of extraterrestrial life.
- Milken Institute59 min
Global Economic Outlook: Navigating Growth, Risk, and Opportunity | Global Conference 2026
Conrad Kiechel, Zanny Minton Beddoes, Kristalina Georgieva, Mohamed Kande, Ariel Szarfsztejn, Mike Wirth
A two-month closure of the Strait of Hormuz has removed 14 million barrels daily from the global market, driving Brent crude near $115 while depleting strategic reserves and forcing the IMF to adopt adverse economic scenarios. Simultaneously, the AI sector has pivoted from generative tools to agentic automation, eliminating entry-level roles and triggering an international cyberarms race. These converging crises create a volatile environment where Europe faces energy and innovation lag, whereas nations securing reliable power and flexible capital markets are positioned to dominate the coming decades.
- Goldman Sachs21 min
McLaren Racing's Lando Norris and Zak Brown: Building a High-Performance Team
Lando Norris, Zak Brown, Anthony Gutman
McLaren driver Lando Norris secured the 2025 Formula One World Drivers' Championship following a dramatic mid-season comeback, yet he recently missed a race start due to unprecedented power unit battery failures. As the team navigates 2026 regulatory changes that have widened the performance gap and altered vehicle dynamics, Norris and team principal Zak Brown are leveraging a collaborative "Papaya Rules" culture to translate driver feedback into rapid technical adaptations. This strategy aims to restore competitiveness against the "big four" constructors while ensuring the 900-person ecosystem maintains resilience against the complex, sophisticated nature of modern racing.
- a16z24 min
The Founders Who Left Tesla to Rebuild America | a16z
Erin Price-Wright, Turner Caldwell, Drew Baglino
Led by former Tesla executives Turner Caldwell and Drew Baglino, Mariana Minerals and Heron Power are building a vertically integrated domestic supply chain for critical minerals and solid-state power infrastructure to close a fifty-year capability gap with China. The companies deploy proprietary autonomous operating systems to accelerate refinery ramp-ups and modernize the grid, aiming to secure over 500 jobs while establishing a new industrial model that prioritizes physical assets over software algorithms. By co-locating manufacturing with energy generation and leveraging silicon carbide semiconductors, the initiative seeks to re-industrialize the U.S. economy through a "minerals mandate" that mobilizes private capital to rebuild the foundational infrastructure of AI dominance.
- Sequoia Capital35 min
Suno's Mikey Shulman: Everyone Can Make Music Now
Suno, founded by quantum computing PhD Mikey Shulman, has disrupted the music industry by modeling audio as continuous sound waves rather than discrete musical notes, enabling the generation of full songs with custom lyrics and vocals. The platform has achieved significant market traction by prioritizing user creativity over passive consumption, evidenced by a 90% creator user base, a landmark partnership with Warner Music, and chart-topping commercial successes. Future developments aim to deepen this position through social co-creation tools, voice cloning features, and interactive concert technologies designed to seamlessly integrate AI into professional music production.
- The Economist10 min
What can Donald Trump get from Xi Jinping? | The Economist
Donald Trump, Xi Jinping, Jeremy Page, John Prideaux, James Bennet
Donald Trump's administration faces a complex landscape in US-China relations where both nations share AI safety concerns regarding nuclear weapons and cyber fraud despite deep trust deficits and divergent strategic priorities. Simultaneously, geopolitical tensions over Taiwan persist as President Xi Jinping demands extreme caution regarding arms sales following record-breaking approvals, while direct negotiations between the two leaders challenge previous diplomatic assurances. Economic negotiations may pivot toward establishing a Trade Board to resolve export overcapacity, with Beijing likely to authorize purchases of American soybeans and beef only in exchange for tangible reductions in US trade restrictions.
- Goldman Sachs19 min
Innovation and Inflation: Twin Forces Reshaping Portfolios
Christian Mueller-Glissmann, Alexandra Wilson-Elizondo, Alison Nathan
Recorded on May 7, 2026, this market analysis addresses the 2026 stagflationary dynamic where traditional 60/40 portfolios fail to buffer against rising rates while the S&P 500 rallies on heavy technology concentration. Experts identify tactical opportunities in infrastructure and commodity carry strategies to mitigate momentum risks, though they warn that a potential labor market feedback loop or 30-year yield breakout could impose severe constraints on equity valuations. The discussion concludes by evaluating the low-probability risk of an AI positioning unwind alongside structural shifts in private credit leverage.