AI Bubble, Stablecoin Boom, and Runnin' Down a Dream | BG2 w/ Bill Gurley and Brad Gerstner
OCT 14, 202561 MIN
AI Bubble, Stablecoin Boom, and Runnin' Down a Dream | BG2 w/ Bill Gurley and Brad Gerstner
OCT 14, 202561 MIN
Description
<p>Pre-Order<strong> Runnin' Down a Dream</strong> now: https://a.co/d/0oIPPve</p><p>Open Source bi-weekly convo w/ Bill Gurley and Brad Gerstner on all things tech, markets, investing & capitalism. This week, they unpack the $3T AI buildout, circular revenue red flags, and whether the boom is becoming a bubble. They dive into the rise of stablecoins and the new financial rails reshaping money, the fight over AI regulation in America, and Bill’s next chapter—his new book <strong>Runnin' Down a Dream</strong> and what it means to build a career you actually love. Enjoy another episode of <strong>BG2</strong>!</p><p><br /></p><p><strong>Timestamps:</strong></p><p><strong>(00:00) Intro</strong></p><p><strong>(02:00) Two Years of BG2</strong></p><p><strong>(03:45) Bill Stepping Back to Write His Book</strong></p><p><strong>(06:00) Runnin' Down a Dream</strong></p><p><strong>(07:00) The AI CapEx Bubble?</strong></p><p><strong>(09:30) Sham vs. Real Transactions in AI</strong></p><p><strong>(11:00) Microsoft–OpenAI Credits & Cloud Economics</strong></p><p><strong>(13:00) Nvidia’s Investments: Healthy or Hype?</strong></p><p><strong>(17:00) CoreWeave, Hidden Leverage & Demand Risks</strong></p><p><strong>(19:15) $3 Trillion CapEx: Are We Overbuilding AI?</strong></p><p><strong>(21:45) The MAG5 CapEx Surge: Too Much, Too Fast?</strong></p><p><strong>(24:30) Meta’s CapEx Comeback & AI ROI</strong></p><p><strong>(25:30) OpenAI’s Race for Escape Velocity</strong></p><p><strong>(28:30) AI Regulation: State Patchwork Madness</strong></p><p><strong>(30:30) Why Federal Preemption Is Critical</strong></p><p><strong>(33:15) The Colorado & California AI Acts</strong></p><p><strong>(35:00) Stablecoin Surge: $18T in Settlements</strong></p><p><strong>(36:45) Gurley’s Crypto Conversion</strong></p><p><strong>(38:30) From PIX to FedNow: The Future of Digital Money</strong></p><p><strong>(41:00) Coinbase, Circle, and the 4% Yield Revolution</strong></p><p><strong>(43:00) Why Visa & Banks Fear Stablecoins</strong></p><p><strong>(45:00) Gurley: “I’m Jumping on the Crypto Train”</strong></p><p><strong>(46:00) Brad on Invest America (Trump Accounts)</strong></p><p><strong>(49:00) Implementation Timeline & Treasury Update</strong></p><p><strong>(50:30) Bill’s Book: Runnin' Down a Dream</strong></p><p><strong>(53:15) The Great Career Reset: Passion vs. Grind</strong></p><p><strong>(55:00) Bezos’ Regret Minimization Framework</strong></p><p><strong>(57:00) Who the Book Is For</strong></p><p><strong>(59:00) Gurley’s Next Mission</strong></p><p><br /></p><p>Show Notes:</p><p>All-In Summit: Bill Gurley presents 2,851 Miles: <a href="https://www.youtube.com/watch?v=F9cO3-MLHOM" target="_blank" rel="ugc noopener noreferrer">https://www.youtube.com/watch?v=F9cO3-MLHOM<br /></a></p><p>Plain English: This Is How the AI Bubble Could Burst: <a href="https://podcasts.apple.com/us/podcast/this-is-how-the-ai-bubble-could-burst/id1594471023?i=1000728026459" target="_blank" rel="ugc noopener noreferrer">https://podcasts.apple.com/us/podcast/this-is-how-the-ai-bubble-could-burst/id1594471023?i=1000728026459</a></p><p>Bezos’ Regret Minimization Framework: <a href="https://www.youtube.com/watch?v=jwG_qR6XmDQ" target="_blank" rel="ugc noopener noreferrer">https://www.youtube.com/watch?v=jwG_qR6XmDQ</a></p><p>Produced by Dan Shevchuk</p><p>Music by Yung Spielberg</p><p>Available on Apple, Spotify, <a href="http://www.bg2pod.com" target="_blank" rel="ugc noopener noreferrer">www.bg2pod.com</a></p><p><br /></p><p>Follow:</p><p>Brad Gerstner @altcap <a href="https://x.com/altcap" target="_blank" rel="ugc noopener noreferrer">https://x.com/altcap</a></p><p>Bill Gurley @bgurley <a href="https://x.com/bgurley" target="_blank" rel="ugc noopener noreferrer">https://x.com/bgurley</a></p><p>BG2 Pod @bg2pod <a href="https://x.com/BG2Pod" target="_blank" rel="ugc noopener noreferrer">https://x.com/BG2Pod</a><br /></p>
