While half of fintech still thinks Visa/MC are getting disrupted by stablecoins...
Visa and MC are using stablecoins to skip banks. Issuers like @raincards can settle with them in stables, and PSPs like @Checkout can settle with merchants in stables.
Mind-blowing advance in robotic intelligence! I think @physical_int will soon solve Moravec’s paradox! As I said before, 2026 will be the year of physical or embodied intelligence, & we will get closer to robotics general intelligence (RGI), which is much more difficult than AGI! https://t.co/KvwWdijRkk
I think, I can take liberty of saying that me, @PraveenByBuy and @theankitacharya can meet you together. All three of us are building hardware in different domains, and have been lucky to build outlier hardware teams out of India.
Ask the Indian VCs. They have all formed a close knit circle of warm intros and top tier colleges consortium. They dont know the very meaning of why VCs exist, which is risk capital when traditional investors wont come but they themselves behave the same way.
I ride Uber Black daily, and I'm always disappointed when it's a Tesla. They really feel like cheap plastic crap, never like the quality of Mercedes-Benz or BMW.
I never drove one myself though (I don't even have a drivers license), so I can't comment on the experience of…
For decades, society has sold us a specific formula for success: High IQ + Perfect Test Scores + Specialized Knowledge = A Secure Future. We hire the “smartest” people. We obsess over grades. We treat intelligence as a scarce, gold-standard resource. But @JensenHuangcon is…
ElevenLabs is on track to be one of the greatest tech companies in the world:
> On track to hit $300m ARR in January 2026 > Recorded over $100m of profit in the last 12 months > Just signed $14m of ARR in a single day > Valued at $6.6bn
Folks in tech do not appreciate that the entire country is polarized against tech. Bernie wants a data center ban, and Bannon seems close to calling a Butlerian jihad.
The only thing AI seems to offer most Americans is job loss and more billions for billionaires.
Even if you’re out of money but you still believe in your startup, there’s always a path to keep going. You can get a job and run it on the side. You can rotate the CEO position with a friend. You can reduce to a skeleton crew.
I think I’m moving to El Segundo. In just a few days I got a tour of a nuclear reactor, got to see some cloud seeding drones, got to shoot a flamethrower, met multiple really impressive founders and VCs and… went to Beverly Hills after (like 20 min away), hiked Culver City park…
A New K in America The gap between haves and have-nots fell under Biden, but is rising under Trump ........... a “K-shaped economy,” in which incomes and wealth are rising only for those at the top .............. For high-income Americans who own a lot of stock, the past year has treated them pretty well. But for those who don’t, not so much. ......... the Biden era post-pandemic economic recovery was the opposite of what we are experiencing now. ............ during the Biden recovery wage gains for low-paid workers were much larger than for those further up the income scale. ............ the pro-low-income worker tilt of wage gains during the Biden recovery was something we haven’t seen since the “Great Compression” of the 1940s...... that narrowing of wage gaps was due to special factors, including wartime wage policy and a rapid expansion of unions. ............. in going from the Biden Administration to the Trump Administration, we have traded an economy that disproportionately benefited low-income workers to one that disproportionately benefits the well-off (particularly those who own a lot of stocks). ............... Americans are very pessimistic about the job market. Trump may claim that we are economically “the hottest country in the world,” but the truth is that we last had a hot labor market back in 2023-4. At this point, by contrast, we have a “frozen” job market in which workers who aren’t already employed are having a very hard time finding new jobs, a sharp contrast with the Biden years during which workers said it was very easy to find a new job. ..............
who froze the labor market? ..... Trumponomics bears much of the responsibility.
........... The key point about Trump’s tariffs and to some extent his other policies is that they keep changing, and nobody knows what will come next. This uncertainty makes businesses reluctant to make commitments, including the commitment involved in hiring new workers: If you hire workers based on current tariffs, what happens if the Supreme Court rules those tariffs illegal, or the Trump administration picks a different country or countries as enemies? .............. His tariff and other policies have created uncertainty that has paralyzed hiring. .............. The truth is that none of this had to happen. What we learned during the Biden years is that economic policy that promotes full employment also promotes greater equality. And we can do it again. Let’s turn this K around.
