regulation

The business of minting cryptocurrencies here in the United States is growing bigger by the day. In January 2020, just 3.4% of the world’s bitcoin mining took place here. That figure ballooned to almost 38% in just two years. As we’ve talked about on this show, mining bitcoin and some other cryptocurrencies burns through a lot of electric power. The Energy Information Administration has been interested in tracking this activity, sifting through articles in the media and company reports. But the federal agency has decided to start collecting information from cryptocurrency miners themselves about where they operate and how much energy they use. Marketplace’s Lily Jamali asked Mark Morey, senior adviser for electricity analysis at the EIA, about the project.

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Today’s show:

Booking Holdings CEO Glenn Fogel joins Jason to discuss trends in the travel industry (31:20), healthy M&A environments (24:24), job disruption due to AI (37:22), and much more!

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Time stamps:

(0:00) Booking Holdings CEO Glenn Fogel joins Jason

(2:37) Booking Holdings' companies and their operations

(5:30) Shifts in the travel industry

(10:52) A look at the ascension of Airbnb

(15:25) The impact of alternative accommodations

(17:15) Vanta - Get $1000 off your SOC 2 at https://vanta.com/twist

(18:21) AI's influence on user interfaces

(20:55) Uber's entry into travel and Uber’s everything app

(22:44) Competition in travel

(24:24) What makes for healthy M&A in the USA and thoughts on Lina Khan's strategy

(28:19) LinkedIn Marketing - Get a $100 LinkedIn ad credit at https://linkedin.com/thisweekinstartups

(29:44) Consequences of removing M&A from the table

(31:20) Trends in travel over the past two decades

(34:14) Advocating for a 32-hour work week in China and the four-day work week debate

(37:22) Job disruption due to AI and where will people shift to next

(41:01) DevSquad - Get an entire product team for the cost of one US developer plus 10% off at http://devsquad.com/twist

(42:19) Traits of generations X, Y, and Z in relation to entrepreneurship and capitalism

(45:34) Selecting company leaders and management techniques

(48:00) Recovering from COVID-19's impact on the travel industry

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CLA. Innovation takes balance. CLA's CPAs, consultants, and wealth advisors can help you get from startup to where you want to end up. Get started now at CLAconnect.com/tech

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Today’s show:

Bill Gurley and Sunny Madra join Jason to discuss open-source AI vs. proprietary AI (1:12), friends and foes of open-source AI (5:42), and strategic choices companies make between open and closed approaches (9:48). Then, Sunny demos more AI tools (22:45), and much more!

*

Time stamps:

(0:00) Sunny Madra joins Jason

(1:12) Bill Gurley joins to break down open-source vs. proprietary AI

(5:42) Friends and foes of open-source AI

(8:17) LinkedIn Marketing - Get a $100 LinkedIn ad credit at https://linkedin.com/thisweekinstartups

(9:48) Strategic choices companies make between open and closed approaches

(21:37) Vanta - Get $1000 off your SOC 2 at https://vanta.com/twist

(22:45) Sunny demos LLaVA: Large Language and Vision Assistant

(29:56) CLA - Get started with CLA's CPAs, consultants, and wealth advisors now at https://claconnect.com/tech

(31:00) Sunny breaks down parameter models

(38:56) Companies manufacturing their own chips

(42:26) Sunny demos Mistral AI

(46:56) Jason and Sunny demo Meta AI on WhatsApp

(50:44) FTX and the SBF trial

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Follow Sunny: https://twitter.com/sundeep

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Check out LLaVA: https://llava-vl.github.io/

Check out Mistral: https://huggingface.co/spaces/Open-Orca/Mistral-7B-OpenOrca?utm_source=substack&utm_medium=email

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Read LAUNCH Fund 4 Deal Memo: https://www.launch.co/four

Apply for Funding: https://www.launch.co/apply

Buy ANGEL: https://www.angelthebook.com

Great recent interviews: Steve Huffman, Brian Chesky, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarland, PrayingForExits, Jenny Lefcourt

Check out Jason’s suite of newsletters: https://substack.com/@calacanis

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Today’s show:

Jason breaks down the SBF trial (11:47), the peak of the crypto hype (19:15), and takes a few live questions (42:26)!

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Time stamps:

(0:00) Jason kicks off the show

(1:42) Michael Lewis’ book and FTX’s downfall

(10:18) House of Macadamias - Get a free month's supply of Macadamia Milk with any order at https://houseofmacadamias.com/twist by using code TWIST20!

(11:47) SBF’s trial and the prosecutor's argument

(15:42) The reasons people flipped on SBF

(19:15) Crypto hype, wash trading, and the reason for regulations

(23:31) Roots - Head to https://investwithroots.com/TWIST to sign up and start investing today!

(25:05) The defense's argument

(28:49) How investors look at SBF and the importance of governance in a startup

(33:57) Embroker - Use code TWIST to get an extra 10% off insurance at https://Embroker.com/twist

(35:12) Witnesses and Jason's verdict prediction

(42:26) Questions from live audience!

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Read LAUNCH Fund 4 Deal Memo: https://www.launch.co/four

Apply for Funding: https://www.launch.co/apply

Buy ANGEL: https://www.angelthebook.com

Great recent interviews: Steve Huffman, Brian Chesky, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarland, PrayingForExits, Jenny Lefcourt

Check out Jason’s suite of newsletters: https://substack.com/@calacanis

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David Yelland and Simon Lewis discuss why parts of an ecosystem of powerful men right at the top of social media are supporting Russell Brand in the wake of the allegations of sexual assault against him.

They assess the departure of BP’s chief executive Bernard Looney and the implications for one of the UK's most iconic companies.

And Simon draws on his experience at Buckingham Palace and Number 10 to shed light on Britain's 'golden triangle' and the relationship between the top of the civil service and the palace.

Producer: Eve Streeter Editor: Sarah Teasdale Executive Producer: William Miller Researcher: Sophie Smith Music by Eclectic Sounds A Raconteur production for BBC Radio 4

The Daily Show jumps in our time machine to head back to this day in 2008: Lehman Brothers has just collapsed, sending the market into a death spiral and sinking the financial crisis to a new low. Jon Stewart catches us up on this latest economic nightmare, discussing the ever-changing situation with Aasif Mandvi before checking in on the latest presidential campaign-trail spin from Senators Barack Obama, John McCain, Joe Biden, and Governor Sarah Palin. Plus, Jon and Ricky Gervais get into some obscure (and questionable) animal facts.

See omnystudio.com/listener for privacy information.

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CLA. Innovation takes balance. CLA's CPAs, consultants, and wealth advisors can help you get from startup to where you want to end up. Get started now at htttps://CLAconnect.com/tech

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Today’s show:

Zeke Faux, the author of “Number Go Up: Inside Crypto’s Wild Rise and Staggering Fall,” joins Jason to discuss crypto’s crazy rise and fall (3:58), how SBF learned to play the game (16:22), red flags at Tether (26:13), and so much more!

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Time stamps:

(0:00) Zeke Faux, the author of “Number Go Up” joins Jason

(3:58) Meeting Sam Bankman-Fried in the Bahamas and first impressions

(10:23) Vanta - Get $1000 off your SOC 2 at https://vanta.com/twist

(11:30) SBF, his colleagues, and a hint of substance abuse

(16:22) The group psychosis and how they learned to play the game

(24:51) Lemon.io - Get 15% off your first 4 weeks of developer time at https://Lemon.io/twist

(26:13) Operations and red flags at Tether

(35:44) CLA - Get started with CLA's CPAs, consultants, and wealth advisors now at https://claconnect.com/tech

(37:15) Revisiting Zeke’s investigative journalism in Cambodia

(44:16) From organized crime to legitimate business

(46:59) Terraform Labs and the collapse of Luna

(49:05) The VC perspective and regulations in place

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Buy Number Go Up: https://www.amazon.com/Number-Go-Up-Cryptos-Staggering/dp/0593443810

FOLLOW Zeke: https://twitter.com/ZekeFaux

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Read LAUNCH Fund 4 Deal Memo: https://www.launch.co/four

Apply for Funding: https://www.launch.co/apply

Buy ANGEL: https://www.angelthebook.com

Great recent interviews: Steve Huffman, Brian Chesky, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarland, PrayingForExits, Jenny Lefcourt

Check out Jason’s suite of newsletters: https://substack.com/@calacanis

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