TSM's Hiring Outpaces Taiwan Births, Drives US Expansion
There are 100,000 births per year in Taiwan and TSM needs to hire 10,000 people per year in Taiwan, a number which will only grow. Continued expansion in the United States is likely inevitable. Especially given immense willingness to pay a premium for American wafers.
Selling Older GPUs to China Boosts US Security
The argument for selling deprecated GPUs to China: Selling them less advanced GPUs than we have in America decreases the odds that they develop more advanced GPUs than America that go down a different, more power intensive tech tree. Pro national-security.
Selling B30s
Awesome Dwarkesh episode with Jensen, but did not love the discussion around selling B30s to China and really think that Jensen’s position is pro-American. I am super patriotic and believe that selling B30s to China *lowers* the risk that China...
Tech Valuations Bottom, GPU Prices Surge, Growth Opportunities
Risk/reward seems attractive: Token consumption accelerating, GPU per hour rental prices going vertical and Tech valuations are broadly below their Covid and Deepseek lows. Some high quality secular growth names are at mid single digit multiples on real 27/28 numbers.
Investing Deep Dive: Philosophy, Process, and Minimal AI
Fun to do this with my friend @tseides Minimal discussion of AI; much more of a focus on investing. Background, philosophy, process, etc. https://t.co/f8X30Hd4RY