OpenAI’s Open Source Strategy, Volatility & Tariffs, and Automation’s Consequences w/ Byrne Hobart

This week, Byrne Hobart and Erik Torenberg explore how technological advancements, policy shifts like Trump's tariffs and U.S. industrial policy, the re-industrialization of America, the influence of institutions like Harvard, the evolving role of the U.S. dollar, and the rise of OpenAI are reshaping global markets, businesses, and the future of artificial intelligence.

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LINKS:
Byrne’s writing: https://thediff.co

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X / TWITTER:
  / byrnehobart   (Byrne)
  / turpentinemedia   (Turpentine)

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TIMESTAMPS:
(00:00) Intro
(00:20) Market reactions to Trump's tariffs
(00:45) Comparing Trump administrations
(02:04) Impact of tariffs on the economy
(04:29) Treasury market dynamics
(10:21) Stock market volatility
(16:01) Sponsor: Netsuite
(17:15) Debate on tariffs and free trade
(30:47) Challenges of re-industrializing the US
(33:07) Strategic importance of dual-use producers
(33:59) China's rare Earth monopoly and supply chain control
(34:48) US industrial policy and onshoring
(37:01) Challenges in US shipbuilding and industrial policy
(37:59) US-China economic leverage debate
(41:40) OpenAI's open source strategy
(49:05) Future of white collar work in the age of AI
(54:41) State of Ivy League Schools and their financial strategies
(59:23) Resilience of the US dollar as a reserve currency
(01:02:30) Wrap