Nvidia is paying $12.9 billion for Hugging Face, and this panel thinks that is bad news for the two companies renting out closed models. Kristen Kelly of The Wall Street Skinny argues more open weight models means more inference chips for Nvidia and less pricing power for OpenAI and Anthropic. Then the bond market takes over. Jen Saarbach took a market snapshot before air and did not like it, with the long end at levels it has not touched since 2004 and rate hikes priced in on both sides of the Atlantic. Turney Duff says 5% is not high and gets argued with. The panel also gets to an AI agent breaking into an Australian government portal, and why no parent can cancel Disney+.
Featuring
Turney Duff, Host, Market Hang, Yahoo Finance
Dan DeFrancesco, Executive Editor and Anchor, Business Insider
Jen Saarbach, Co-founder, The Wall Street Skinny
Kristen Kelly, Co-founder, The Wall Street Skinny
Armando Pantoja, Futurist and Author, The Future of Wealth
Timestamps
0:00 Welcome to Market Hang
0:22 Why Zuckerberg did not say the word metaverse
1:00 A 3.6 billion person moat, and the month we will look back on
2:48 Nobody wanted this, and the last two people who own a Portal
4:44 Wanting life to be easier without learning how
6:32 The shovel paradox, and friction at the start of a technology
7:21 What happened to Instinct the moment Meta showed up
8:15 Does 80 to 90% of the workforce going away include my job?
9:53 Candy cigarettes, and seeding a warmed up audience
11:13 The skills worth having are the ones AI does not touch
12:46 If everyone becomes an entrepreneur, that is a regression
13:32 Brain outsourcing, and the car I can no longer park
15:28 The doctor who survives is the one with the bedside manner
16:00 An AI agent broke into an Australian government site
16:23 We will lose the finer dexterity of thinking
17:52 From too big to fail to too small to succeed
18:43 Jolly, Grimace, Clippy, and the mascot play
19:55 When you can no longer audit what the agents decided
21:47 Are phones going away, and would you have surgery for it?
24:11 The crime wave nobody has priced in
24:50 So do you buy Meta? I buy cybersecurity
25:24 The biggest bet in US history, and it is built on debt
26:10 Repackaging a toxic asset, and going cash negative
27:19 Why Nvidia buying Hugging Face is bad for OpenAI and Anthropic
29:04 Who is shouting loudest about AI risk, and why the timing is convenient
31:07 The power triad: Data, energy and compute
32:22 Fives at levels we have not traded since 2007
33:40 Crowd out government bonds and you crowd out mortgages
34:09 5% is not high. Get used to it
34:59 A 17% mortgage, and what has changed since the eighties
35:49 Nvidia five-year at 86 over treasuries, or the US government
36:42 Two men should not be deciding the future of AI
38:02 We are going to have to make mistakes first
38:36 What is rock bottom for AI?
39:34 Stop framing it as a race
41:14 A meeting six weeks before the midterms
41:55 Five minute charging, and whether it changes your mind
43:23 Evacuating Florida in an EV
44:20 The lazy man’s gym, and why nobody cancels
44:46 Parents are a captive, price insensitive audience
47:41 The bear case on the streamers, and free TV
48:41 The push to get us all outside again
50:16 Twenty two episodes or eight, and the lost water cooler
52:20 Can you bring an iced coffee to a job interview?
#Nvidia #HuggingFace #BondMarket #MarketHang #YahooFinance
==
AlphaSpace by Yahoo Finance: A Professional-Grade Investment Platform Built for Everyday Investors.
👉 https://finance.yahoo.com/about/promos/gold/alphaspace?ncid=100003571
source
