"I know very well that the stability pact is stupid like all decisions that are rigid" ........Romano Prodi (Italian statesman, president of the European Commission,1999)
I hope you consume much higher quality information, and I hope you create greater distance between the social opinions and gain greater proximity to your own.
Youth is a privilege, use it to experiment, to test the boundaries of the world, to make mistakes while Europe is boxed into excessive regulations and struggling to match the energy behind the US and Chinas economy, you should spread your wings.
Elons Musk’s $432 billion makes up approximately 1.5% of US GDP, with time on his side he could accumulate $1trillion, just like the oil magnate John D. Rockefeller with 2.3% of America’s GDP at $900 million in 1913.
The world’s largest tech companies have substantial free cash reserves: Apple ($109 billion), Microsoft ($74 billion), Alphabet ($64 billion), Meta ($44 billion), Amazon ($32B) and Nvidia ($27 billion). As a result, these companies will ramp up their acquisition activities in AI, data, hardware, and energy. They all hope to face less pushback from the Federal Trade Commission.
DeepSeek at a Glance
Cost breakthrough: DeepSeek’s R-1 rivals OpenAI’s o1 in performance (not o3) at 10% the cost, enabling affordable, high-quality AI.
Open-source edge: Freely available, runs on modest hardware, sparking rapid developer adoption and open-source innovation.
Industry disruption: Big Tech (OpenAI, Google, Meta) and Nvidia’s GPU business face pressure as low-cost models challenge closed, expensive systems. Could have made a fortune from shorting NVidia's stock.
China looked at the U.S. and saw the overbearing importance of the finance industry at the expense of the real economy. Many of the top US graduates ended up in the increasingly parasitic finance industry instead of working on projects that move society forward.
Simply put you want your best minds building real value, not just extracting it.
For Technology, The US is ahead however, China has the momentum with a more focused research brain power on Tech as opposed to wall street and just like the GDP, China still has some mileage to overcome.
See You at The Top
