The Stablecoin Future, Milei's Memecoin, DOGE for the DoD, Grok 3, Why Stripe Stays Private

ChamathCommentary

Chamath is highly impressed by xAI's Grok 3 results, arguing that Elon's ability to leverage Tesla Powerpacks, cross-company engineering talent, and artificial time constraints to build the Colossus supercluster in record time proves the keiretsu model creates an enduring competitive advantage in AI.

“the size of that cluster made no sense. And it could only be a result like this where he basically proved that there was still value in pre-training where size actually led to better outcomes.”▶ Listen · 1:29:23 ⚑

ChamathCommentarytracking with the call

Chamath turned more bullish on Nvidia after Grok 3's results demonstrated that pre-training on massive GPU clusters still yields significant gains, suggesting the massive AI capex buildout is justified.

“So now I'm a little bullish on NVIDIA. I'm like, oh my God, if this is true, then all this CapEx may be justified. You could be buying a lot of stuff.”▶ Listen · 1:19:51 ⚑

ChamathCommentary

Chamath regrets never investing in Stripe across 17 years, viewing it as one of the great missed opportunities given its extraordinary growth to $1T+ in annual payment volume, profitability, and expanding financial services platform.

“why didn't I just pick up the phone and call them at any point in the last 17 years. What am I thinking?”▶ Listen · 2:21 ⚑