Prof G Markets
00:29:15 · Ed Elson
[00:29:15] S8: How much of a theme will that be going forward? Because I think a lot of people were kind of surprised by how how much of a role it played. Just looking at the exit polls, 23 of voters said that AI and data centers were crucial to their vote. And then just to put a number on what I was saying before, there were 33 ballot measures that would restrict data centers or or or that did restrict data centers, only one pro data center measure one across the country. And so it does seem as though AI and data centers started out as more of a tech story, then it quickly became a a very important market story. It became this incredible trade. People trading literally trillions of dollars on this thing. Now it's entered the public consciousness. Now it's in the realm of politics, and that might change things quite precipitously for both the technologists and for the investors. Is this here to stay? Is this sort of a permanent feature of American politics?
00:30:18 · Anthony Scaramucci, Ed Elson
[00:30:18] S6: I think so. And I think so. And let me tell you the exit polling, it was high enough on the list and it's fairly universal. Younger people don't like it. I think you know, it got beaten almost everywhere, you know, anywhere where there was a regulating message and we gotta figure this out message, that candidate generally did well, You know, go to Ohio for a second, okay? The voters rejected the AI build out almost everywhere it was on the ballot. There were 14 municipalities that passed bans and or restrictions on data centers in the state of Ohio. You know? Now I could argue, man, that could be economically stupid, but this reminds me of the WTO issue. You you and I talked about this. We let China into the World Trade Organization, and the working class family says, don't do that, it's gonna really hurt us. And Wall Street's pooh poohing them. There's symmetry here. The working class family is saying, don't do this, it's gonna kill our jobs. And whoever's our white collar family member that's administrative or in an early stage consultancy is gonna get knocked out of the job. Don't do this. That's the message in the polling. Ad[00:31:49] S8: We'll be right back. And for even more Markets content, sign up for our newsletter at profgmarkets.com.
00:31:49 · Ed Elson, S7
Ad[00:31:49] S8: We'll be right back. And for even more Markets content, sign up for our newsletter at profgmarkets.com. Ad[00:32:05] S7: Support for the show comes from Scribe. The most valuable workflows are often the hardest to document because when they span people, systems, and judgment calls, they can stay undocumented, leaving teams guessing and holding AI back. That's exactly the problem Scribe was built to solve. Scribe is a specialized intelligence platform trusted by 95% of the Fortune five hundred. Scribe captures workflows as work happens and automatically generates step by step guides, so no one has to sit down and write documentation from scratch. Your team reviews each guide and sharing takes seconds. Privacy is built in too. Scribe can automatically redact sensitive data like names and emails. Admins pick the apps, and anything outside them is never captured. Once a guide is published, anyone can launch real time on screen guidance showing exactly where to click. Plus, you can use the workflow Scribe captures to give your AI real context. Most AI was trained on the Internet, not your company. Those captured workflows can change that, giving your AI agents a foundation in how your team actually works. Learn more at scribe.how/markets and mention our show for your first month of Scribe capture free on select plans. That's spelled scribe.how/markets. Scribe.how/markets.
00:33:18 · S1, S2, S3, S4, S5
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00:34:01 · S5, Ed Elson, Anthony Scaramucci
Ad[00:34:01] S5: be lower than meal pricing. [00:34:06] S8: We're back with Prof G Markets. It does seem that there is a fear that specifically on AI and specifically on data centers, a fear from Wall Street specifically, not from the rest of America, that we will see extreme crackdowns on AI, like, extra... Like an extreme abolitionist movement. From what I sense based on some of these candidates who have, in my view, just done a good job of politically navigating the AI data center thing, which is a new thing, they hadn't... They didn't know what the scripts were. They they figured out how to navigate this thing. It seems to me that I would bet that it's gonna be a lot more moderate and a lot more reasonable than people think. It'll make a lot of headlines. They're abolishing data centers throughout America. But instead, I would imagine that maybe what we'll see instead is I wanna put a pause here until we have a regulatory framework in place, and then we're gonna we're gonna let it go through. [00:35:13] S6: Which actually would be good policy, and I think the Americans would be relieved by that. It would actually probably turn out more positively. [00:35:20] S8: Just in terms of democratic strategy going forward, one of the big questions is what they're going to focus on over the next two years. And I think there is a question as to whether they will and also whether they should prosecute and go after what seems to be unprecedented corruption by the Trump administration. Do you think that that will happen, do you think they should?
00:35:20 · Ed Elson, Anthony Scaramucci
[00:35:20] S8: Just in terms of democratic strategy going forward, one of the big questions is what they're going to focus on over the next two years. And I think there is a question as to whether they will and also whether they should prosecute and go after what seems to be unprecedented corruption by the Trump administration. Do you think that that will happen, do you think they should? [00:35:51] S6: I don't think going after the president is gonna help. That's just my honest opinion. Because I think the president has got immunity, he's got pardoning power, he's got all that other stuff. I think they would be better served, and this would be really contrarian, is to say, you know, we're not gonna go after the president, but you know what we're gonna go after is ethics. And we're gonna have an omnibus evaluation of the ethics in Washington, because you know this, Ed, there's a lot of what aboutism. Maybe Trump's taking 500,000,000,000, but Nancy Pelosi trades, other members of the Congress trade. You see what I mean? Yeah. And so maybe the approach is, hey, we're not gonna go after Trump specifically because this is gonna be tit for tat, but we're gonna go after everybody, including some of the misnomers that we ourselves have perpetrated. I think that message would really help them, and that would, in general, a lot of popularity.