Uploaded August 2026 | Updated September 2026, 10 hours ago
Reed Albergotti from Semafor is back for our weekly discussion of the latest tech news. We cover: 1) Why Leopold Aschenbrenner’s Situational Awareness Hedge Fund 2) Leopold's connections to effective altriusm and how they played into the picture 3) Does EA lead to unacceptable risk taking? 4) What Leopold actually traded 5) What's left of Situational Awareness 6) OpenAI cuts prices as much as 80% 7) Does an AI price war drive everything to zero? 8) Nvidia invests $5 billion in Ilya Sutskever's SSI 8) Microsoft crushes earnings and has the biggest market cap gain ever 9) Amazon crushes earnings too 10) Google rebounds 11) Apple's memory fears and long term risks
Chapters
00:00 Intro: Market turmoil and tech updates
01:03 Leopold Ashenbrenner's hedge fund collapse
02:27 Lessons from the hedge fund blowup
04:20 Cultural divide in the tech industry
05:02 Effective altruism and market bets
06:13 Risks of hubris in AI investments
08:10 AI's role in societal and technological change
09:36 Market reactions to AI developments
18:30 OpenAI's price cuts and market implications
24:14 Data center buildout and AI demand
42:30 Microsoft’s record market cap gain
50:54 Google’s cloud growth and market perception
54:26 Meta’s AI ambitions and social media
56:27 Meta’s potential AI companion strategy
57:41 The future of AI and tech industry trends
Reed Albergotti from Semafor is back for our weekly discussion of the latest tech news. We cover: 1) Why Leopold Aschenbrenner’s Situational Awareness Hedge Fund 2) Leopold's connections to effective altriusm and how they played into the picture 3) Does EA lead to unacceptable risk taking? 4) What Leopold actually traded 5) What's left of Situational Awareness 6) OpenAI cuts prices as much as 80% 7) Does an AI price war drive everything to zero? 8) Nvidia invests $5 billion in Ilya Sutskever's SSI 8) Microsoft crushes earnings and has the biggest market cap gain ever 9) Amazon crushes earnings too 10) Google rebounds 11) Apple's memory fears and long term risks
Chapters
00:00 Intro: Market turmoil and tech updates
01:03 Leopold Ashenbrenner's hedge fund collapse
02:27 Lessons from the hedge fund blowup
04:20 Cultural divide in the tech industry
05:02 Effective altruism and market bets
06:13 Risks of hubris in AI investments
08:10 AI's role in societal and technological change
09:36 Market reactions to AI developments
18:30 OpenAI's price cuts and market implications
24:14 Data center buildout and AI demand
42:30 Microsoft’s record market cap gain
50:54 Google’s cloud growth and market perception
54:26 Meta’s AI ambitions and social media
56:27 Meta’s potential AI companion strategy
57:41 The future of AI and tech industry trends
