Liberation Day, Tariffs, US v China Open Source, OpenAI Fundraise, $CRWV, TikTok | BG2 w/ Bill Gurley & Brad Gerstner | BG2Pod with Brad Gerstner and Bill Gurley | Podwise
This episode explores the impact of President Trump's tariff announcements on the tech industry and the broader economy, as well as the evolving landscape of open-source AI models. Against the backdrop of the president's announcement, the hosts discuss the market's initial positive reaction, followed by a sharp downturn as the details of the tariffs unfolded, including a significant increase in tariffs on China and reciprocal tariffs based on non-tariff trade barriers. More significantly, the conversation pivots to the implications of these tariffs for CEOs and the challenges of navigating uncertainty in making long-term investment decisions. For instance, the hosts highlight the slow pace of relocating factories and the resulting ambiguity in forecasting future earnings. The discussion then shifts to the strategic use of open-source AI models by both Chinese and US companies, with the hosts analyzing the motivations behind this trend and its implications for competition and consumer prices. Finally, the episode concludes with an analysis of the recent OpenAI investment round and its implications for the future of AI, highlighting the potential for disruption in the market and the evolving business models in the AI space.
