Shares of Tesla (TSLA) recouped its losses from the beginning of the year after 11-straight days of gains, only to turn negative after reports of the company...
) recouped its losses from the beginning of the year after 11-straight days of gains, only to turn negative after reports of the) for a potential $10 billion server deal to build out its infrastructure. As AI competition from Big Tech names like Alphabet heat up, can Musk's new company keep up or will it eclipse them entirely? Deepwater Asset Management managing partner Doug Clinton joined the show to give insight into Musk's abilities and the performances of his companies.
Elon said that that is false and then he followed up saying that we're going to have a Robo taxi event in August.So who knows what could happen? And Doug, we, we talk about Robotaxis though, I mean, it's such a, it's such a long term goal in some sense, Doug, I mean, wouldn't it be AAA very long time before you would see any, you know, real meaningful financial impact from that?And it's funny, I mean, going into the event actually given Tesla's track record but also just what they do.
And so the Robo Taxi business would have to get to a pretty decent scale to really start having some impact, meaningful impact on the model. And if you think about who in the world has done the most to uh figure out things physical problems, like we just talked about, it's Tesla, it's spacex and it's Elon.
So if we go from down kind of mid single digits to potentially up 10% year every year, I do think that that's probably a meaningful inflection for apple.Can they deliver on the promise of making a I ultimately simplistic and usable for the average person?I'm gonna show you the mag seven just got a beat down.Uh just to rattle off some statistics and this is, uh, some of the largest stocks in the world you see in video, they're down 5.
Uh This is one of his charts, this goes back to the mid nineties and this shows uh in purple, this is if you take the tech sector market capitalization plus communication services. And when we think about the stats in the market, 40% of Americans today are obese, the expected global market for obesity drugs by 2030 is is expected to grow to $100 billion.The science is moving in a direction that's opening up opportunities to actually make a market impact for these patients that by the way have comorbidities like uh diabetes and other heart issues.
No, I think, you know, you've got to look at the dry powder that's been accumulating here in the past couple of years.So record levels of LP money going into biotech directed venture funds, uh over 25 billion just last year into fresh powder.Um That will be a uh an array of companies that go well beyond obesity, things that we see really getting a lot of focus and attention with dynamic science happening.
And John, you know, another trend we talk about here on the show you won't be surprised to hear is the mega trend of A I I am curious, John, how that technology is impacting and transforming your world.Well, first, you know, from the aperture of the venture capitalists, um we have developed our own tool called star gaze, which is an A I enabled platform that can predict innovation and start to rank innovative uh inventors coming out of universities.
Now, if you look at the locations in science, we've got a company here in Chicago, Tempus I I that went public a few weeks back precision medicine. So the ability to simulate the drug discovery process and take shortcuts and accelerate going from a Petri dish all the way to a patient.A lot going on in a fast moving industry, John, thank you so much for joining the show today and walking us through it.Everyone is trying to grab a piece of the A I boom but adoption among companies remains muted.
There just aren't that many that are using it today or even according to this particular estimate might be using it six months from now.Well, one of the people who brought us one counter argument was our friend, Corey Johnson from the futur group who we talked to earlier today and he said, maybe we're not framing it exactly correctly.
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