The video discusses the collapsing cost of innovation, particularly in the field of AI, with training costs dropping by 75% per year and inference costs by 85-90%. The focus is shifting towards inference chips over training chips, leading to implications for tech investments. The video suggests that share shifts are taking place within the tech stack, with platforms like Palantir gaining share. The discussion also touches on the positive impact of cheaper inference on AI applications like autonomous mobility and healthcare. The conversation includes insights on China’s role in innovation and the potential for US tech companies to engage with new technologies like DeepSeek. There is also a discussion on cryptocurrency, with a focus on Bitcoin’s role as a risk-on or risk-off asset and the need for regulation in the cryptocurrency market. The video ends with a discussion on the potential impact of regulation on the appeal and stability of cryptocurrencies like Bitcoin.
