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Don‘t kid ourselves. The federal government is hurtling toward disaster with its destructive activities underwritten by the Federal Reserve System. It‘s best that we know how to protect ourselves from the consequences.
Original article: https://mises.org/mises-wire/political-machine-rolls-regardless
Plus: Meta announces another top AI researcher has joined its ranks from Apple. And Amazon Prime Day kicks off, as the tech giant tries to bring in more shoppers and Prime members. Luke Vargas hosts.
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A.M. Edition for July 8. After President Trump announced a three-week extension for countries to strike trade deals or face new tariffs, WSJ senior reporter Jon Emont explains how America’s top trading partners in Asia and global businesses are reacting. Plus, Trump promises to resume defensive weapons shipments to Ukraine amid growing frustration with Moscow’s continued attacks. And Amazon drags out its Prime Day deals in a bid to lure more shoppers. Luke Vargas hosts.
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As technology has advanced, the ways countries fight wars has changed drastically. Now, AI companies are hoping technology can also play peacekeeper and prevent the next global conflict.
Anadyr Horizon, one of the AI startups, developing what many are calling “peace tech,” is doing so through simulating future conflicts and the world leaders they may involve.
In the latest episode of Million Bazillion, listener Shreen wanted to know, “How do you become a CEO?” No spoilers, but after Ryan and Bridget’s adventure in attempting to become CEOs themselves, Shreen still had some questions about how a successful CEO gets their job, and what they do all day. In this special bonus episode, Shreen interviews Christina Stembel, CEO of Farmgirl Flowers to find out more about what it’s really like to be a CEO, how to start and run a company, and what Christina did as a kid that helped set her on the path to becoming a CEO as a grownup.
This episode is sponsored by Greenlight. Sign up for Greenlight today at greenlight.com/million.
A look inside CoreWeave’s neocloud business model, and how the company went from an ETH miner to a $75 billion business.
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Welcome back to The Mining Pod! Today, Colin and Will break down CoreWeave's meteoric rise to a $75+ billion valuation and why Bitcoin miners like Core Scientific, Galaxy Digital, and Applied Digital are all racing to partner with AI cloud providers. We explore CoreWeave’s neocloud business model, GPU economics vs bitcoin mining profitability, and what this means for the future of the mining industry.
**Notes:**
• CoreWeave valued at $75B+ (12x revenue multiple)
• 72% of Q1 revenue came from Microsoft/OpenAI
• CoreWeave manages 250,000+ GPUs globally
• $15B+ in contracted revenue secured
Timestamps:
00:00 Start
04:05 Coreweave overview
07:40 Neocloud
10:28 Other Neocloud providers
12:49 Oracle, OpenAI & Stargate
16:20 Crusoe
17:58 Hyperscaler street cred
21:08 Energy pipeline
26:53 Revenue
32:51 Capex vs revenue
38:03 GPU lifespan
41:58 Bull vs Bear
49:00 Partner concentration
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Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!
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The Congressional Budget Office estimates the spending bill just signed by President Donald Trump will increase the number of people without health insurance by 16 million over the next ten years. The $1.1 trillion cuts to Medicaid will also affect Native Americans who rely on it to pay for health care through the Indian Health Service and threatens rural hospitals with a high rate of Medicaid-dependent patients. The new spending plan also substantially reduces the number of people who will collect food assistance through the federal government. We’ll get insights on what these numbers mean for Native Americans who disproportionately rely on these two federal government programs.
We’ll also find out about the significance of the new Indigenous head of Mexico’s Supreme Court.
GUESTS
A.C. Locklear (Lumbee), CEO of National Indian Health Board
Aaron Payment (Sault Ste. Marie Tribe of Chippewa Indians), tribal councilman and former chairperson for the Sault Ste. Marie Tribe of Chippewa Indians
Kelli Case (Chickasaw), senior staff attorney for the Indigenous Food and Agriculture Initiative
Gaspar Rivera-Salgado (Mixteco), director for the UCLA Center for Mexican Studies
Break 1 Music: Thick as Thieves (song) Blue Moon Marquee (artist) Scream, Holler, and Howl (album)
Break 2 Music: Coffee (song) James Bilagody (artist) Near Midnight (album)
Artem Rodichev was born and raised in Kazakhstan, surrounded by the mountains. He loves hiking, and pretty much all outdoor activities. He jokes that he was raised by computers, as he was always playing games, trying to learn hacking, and more. He has always be interested in stories, in particular science fiction. He read a lot of books and watched movies, being fascinated with plots around empathetic AI like Blade Runner and Joy. These movies sparked his motivation to move forward to bringing this world to life.
Artem spent several years building a Core AI stack at Replica. What he noticed was that people really enjoyed connecting with their digital friends - and, he noticed the limitations of this experience. He aimed to correct that limitation, in starting a new venture focused on boarder empathetic AI.
This is the creation story of Ex-Human.
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We look at the final orders list before summer break, and then continue to work through last month's opinions, this time with an extended analysis of two decisions about children and culture wars -- Mahmoud v. Taylor (religious objections to LGBTQ+-inclusive books) and Free Speech Coalition v. Paxton (age verification for accessing online pornography).