OWITH.ai - Only What's Important to Hear around AI and Tech

Good morning from OWITH.ai: the podcast that gives you only what's important to hear in AI and tech world.Elon Musk's recent behavior has raised questions about his intelligence, with some critics suggesting that he may be "dumb" based on his actions. While he may perform well on an IQ test and be a quick learner, his recent decisions, such as cutting Ebola programs and making drastic changes without consulting experts, have been deemed as dumb by many. These actions stem from cognitive errors including overestimating his own intelligence, undervaluing the expertise of others, relying too much on his own echo chamber, and underestimating the consequences of his decisions. Despite his potential intelligence, Musk's poor intellectual self-discipline, ego, and power have led him to make costly decisions. The author hopes that Musk will use his intelligence to reassess his approach for the betterment of society, but doubts this will happen..Transitioning to the challenges and opportunities in the mortgage tech industry, highlighting the success of Vesta, a mortgage infrastructure startup that has seen significant growth and raised additional funding. Despite the industry's slow start in adopting technology, Vesta's success indicates potential for startups to innovate and grow. The text also provides updates on funding rounds, acquisitions, and key promotions within private equity firms, giving a broader view of current trends in the financial sector. Overall, the text emphasizes the potential for technology to drive growth and change in traditional industries like mortgages..Moving on to TSMC, the world's largest semiconductor foundry, plans to invest $100 billion in the U.S., adding to their existing commitments. Anthropics, a Silicon Valley startup, is now valued at $62 billion after raising $3.5 billion. TikTok is under investigation in the U.K. for how it uses teen's personal data for content suggestions. Other updates include Apple teasing a new product launch, Nvidia shares falling due to tariffs, and Deutsche Telekom announcing an "AI phone" with Perplexity. CoreWeave files for an IPO, and YouTube is redesigning its TV app for paid content. Overall, the U.S. is trying to support domestic chipmaking, but experts like Ray Dalio believe it may not be able to compete with China in manufacturing..Shifting focus to CEOs feeling the pressure as the US imposes 25% tariffs on its trading partners, causing global market indexes to drop. Commerce Secretary Howard Lutnick is unavailable, leaving business leaders seeking guidance. Canada is heavily impacted by the tariffs due to its close trade ties with the US. Some Canadian CEOs are frustrated and reducing their exposure to the US. The uncertainty around tariffs is causing anger and Canadians are boycotting US products. The Trump administration's decisions on Ukraine, Russia, and sanctions are also affecting global dynamics. Warren Buffett and Treasury Secretary Scott Bessent have differing views on tariffs, with Buffett warning of increased prices while Bessent believes tariffs will lead to deregulation and lower inflation. Chipotle CEO Scott Boatwright has vowed not to increase prices despite predicting cost increases from tariffs.This concludes today's episode with a snapshot of recent news from various sectors of AI and technology world. Thank you for tuning in!

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