Dave Lee on Investing

OpenAI says its AI solved one of the hardest problems in math. It’s a $1 million problem about how water moves, and nobody had solved it in 90 years. But two months later, nobody fully understands the answer. Not the mathematicians checking it, and not even OpenAI. 0:00 Intro 1:16 Can Water Explode? 2:38 The Spoon 3:51 Eighty-Eight Hours 6:09 Nobody Understands It 7:28 The Flood 8:10 What It Means 9:46 My take Voice: my real voice Tristan Buckmaster’s account of his meeting with OpenAI is his own. Sébastien Bubeck disputes it. Reporting drawn from Quanta Magazine, Scientific American, Science, The Conversation, TechCrunch, Tufts Daily, OpenAI, the Clay Mathematics Institute, arXiv and Terence Tao’s blog. Footage used for commentary and documentary purposes: New Scientist, Bloomberg Odd Lots, Institute for Advanced Study, Dwarkesh Podcast, CNBC, Sky News, Science Friday / WNYC Studios, Global News, Numberphile, World Science Festival, Quanta Magazine, RTVE, Real Academia de Ciencias, Clay Mathematics Institute, Cambridge University, NASA, NASA Goddard, Wikimedia Commons. Social X - https://x.com/davelee Apple Podcast: https://podcasts.apple.com/us/podcast/dave-lee-on-investing/id1493031991 Spotify https://open.spotify.com/show/2iin015s0k21Bt4ldep9XT?si=uBV4Ft8hQEu_GE4YSIDDGg Instagram https://www.instagram.com/heydave7 Dave Lee on Parenting, https://www.youtube.com/channel/UCWD9b1BZqi2G2u30sGYIFrA NOTE: Please don’t fall for scammers who might impersonate me or others in the comment section. I do NOT give out my number or ask people to contact me. 💁🏻‍♂️ Disclaimer: All content on this channel is for discussion and illustrative purposes only and should not be construed as professional financial advice or recommendation to buy or sell any securities. Should you need such advice, consult a licensed financial or tax advisor. All views expressed are personal opinion as of date of recording and are subject to change without responsibility to update views. No guarantee is given regarding the accuracy of information on this channel. Neither host or guests can be held responsible for any direct or incidental loss incurred by applying any of the information offered. Author is long TSLA and other stocks at time of original video publish date.Subscribe to Dave Lee on Investing on Soundwise

Anthropic, the maker of Claude, just told the SEC it “may imminently” reach the point where AI dramatically speeds up the building of AI itself. It’s called recursive self-improvement: AI building a smarter AI. So what do you think? Will we be able to control AI, or will AI control us? 0:00 AI building a smarter AI 1:06 The Last Invention 2:23 Claude Builds Claude 3:47 The Line 4:54 Why Put It in a Filing? 5:43 What Happens Next Voice: my real voice for entire video Social X - https://x.com/davelee 🎧 Apple Podcast: https://podcasts.apple.com/us/podcast/dave-lee-on-investing/id1493031991 🎙️Spotify https://open.spotify.com/show/2iin015s0k21Bt4ldep9XT?si=uBV4Ft8hQEu_GE4YSIDDGg 📸 Instagram https://www.instagram.com/heydave7 Dave Lee on Parenting, https://www.youtube.com/channel/UCWD9b1BZqi2G2u30sGYIFrA NOTE: Please don’t fall for scammers who might impersonate me or others in the comment section. I do NOT give out my number or ask people to contact me. 💁🏻‍♂️ Disclaimer: All content on this channel is for discussion and illustrative purposes only and should not be construed as professional financial advice or recommendation to buy or sell any securities. Should you need such advice, consult a licensed financial or tax advisor. All views expressed are personal opinion as of date of recording and are subject to change without responsibility to update views. No guarantee is given regarding the accuracy of information on this channel. Neither host or guests can be held responsible for any direct or incidental loss incurred by applying any of the information offered. Author is long TSLA and other stocks at time of original video publish date.Subscribe to Dave Lee on Investing on Soundwise

On November 1, 2026, Tucker Carlson posted that the Trump administration "may be within days of launching a nuclear strike on Iran," under pressure from Israel's prime minister. The target, he wrote, is Pickaxe Mountain, a tunnel complex next to Natanz that may be too deep for any ordinary American bomb. Is he right? And if not, why is anyone talking about it? This film looks beneath the post: the twenty-year contest between bigger bombs and deeper holes, what the National Academy of Sciences found about "nuclear bunker busters," the 81 years in which every president handed the nuclear option said no, and the lesson the rest of the world may be drawing from this war. Sources: Axios, NPR, Newsweek, Mediaite, the Times of Israel, IBTimes, Al Jazeera, Newsmax, NBC News, CBS News, CNN, the Institute for Science and International Security, the James Martin Center for Nonproliferation Studies, the National Research Council (2005), "Effects of Nuclear Earth-Penetrator and Other Weapons", and Nina Tannenwald, "The Nuclear Taboo". Chapters: 0:00 The post 1:08 The warning 3:58 Dig deeper 6:23 The last bomb 7:52 Eighty-one years 10:14 The lesson 11:18 Saturday Social 🐦 X - https://x.com/davelee 🎧 Apple Podcast: https://podcasts.apple.com/us/podcast/dave-lee-on-investing/id1493031991 🎙️Spotify https://open.spotify.com/show/2iin015s0k21Bt4ldep9XT?si=uBV4Ft8hQEu_GE4YSIDDGg 📸 Instagram https://www.instagram.com/heydave7 Dave Lee on Parenting, https://www.youtube.com/channel/UCWD9b1BZqi2G2u30sGYIFrA NOTE: Please don’t fall for scammers who might impersonate me or others in the comment section. I do NOT give out my number or ask people to contact me. 💁🏻‍♂️ Disclaimer: All content on this channel is for discussion and illustrative purposes only and should not be construed as professional financial advice or recommendation to buy or sell any securities. Should you need such advice, consult a licensed financial or tax advisor. All views expressed are personal opinion as of date of recording and are subject to change without responsibility to update views. No guarantee is given regarding the accuracy of information on this channel. Neither host or guests can be held responsible for any direct or incidental loss incurred by applying any of the information offered. Author is long TSLA and other stocks at time of original video publish date. Check out my archived articles/posts on Tesla and investing: https://teslamotorsclub.com/tmc/threads/articles-megaposts-by-davet.23473/#post-485768 #Tesla #TSLA #StocksSubscribe to Dave Lee on Investing on Soundwise

I’m experimenting with a new type of video format. This is more of a deep dive into recent events I think are significant and I think have big future implications. It is a lot of work to come up with the topic and angle and to fully produce it from start to finish. Fortunately AI is helping a lot with the process and it would be too laborious without its help. But just know I’m very involved in the entire process. I’ve experimented with recording my voice but also with using a cloned voice and there are clear pros and cons to both. For this video I’ve chosen to go with a cloned voice at my permission. Personally I think it’s great. But I know some might not like it. Just wanted to be transparent. Anyway, as I experiment with new video formats, I hope you can extend some flexibility since each video format might be very different and it might take some time getting used to. Anyway, I appreciate all those who’ve been subscribers and viewers of my channel over the years. Hacking has moved to machine speed. So who protects us now: people, or 24/7 AI security guards? This video looks at the past few weeks of breaches, then at the bigger questions: what it means for your phone and laptop, for the cloud, for small companies, and four ways this could play out. 0:00 One person, a swarm of AI agents 1:23 October: the month the machines showed up 3:40 Machine speed: why people can't keep up 4:50 The guard that never sleeps (and how it gets tricked) 7:02 129,000 broken windows: AI finds holes faster than we fix them 7:42 The PHP bug that took websites offline 8:47 What it means for you 9:49 The cloud is becoming everyone's security guard 10:15 Small companies lose their best defense 10:56 Four futures 11:00 Future 1: The spam ending 11:29 Future 2: The flash crash 11:54 Future 3: The great split 12:13 Future 4: The gatekeepers 13:21 Whose machine? Featuring clips of Kevin Mandia (founder, Mandiant), Rob Joyce (former NSA cybersecurity director), Nikesh Arora (CEO, Palo Alto Networks) and Heather Adkins (Google). Sources: - AI agent swarm: https://thehackernews.com/2026/10/hackers-use-autonomous-ai-agents-to.html - AI attacks wave, OpenCode and Korea (Fortune): https://fortune.com/2026/10/21/powerful-new-ai-models-are-powering-a-growing-wave-of-cyber-attacks-experts-say/ - OpenCode: https://techcrunch.com/2026/10/19/hackers-hit-ai-coding-tool-opencode-running-up-charges-on-users-ai-accounts/ - Microsoft on ARTEX: https://www.silicon.co.uk/cybersecurity/microsoft-connectwise-artex-631988 - CrowdStrike on ARTEX: https://thehackernews.com/2026/10/chinese-hackers-use-ai-powered-artex-to.html - Korean arrests: https://bleepingcomputer.com/news/security/former-pentester-used-artex-ai-to-steal-82-million-data-records - Binance (TRM Labs): https://www.trmlabs.com/resources/blog/north-korea-steals-usd-6-36-billion-from-binance-in-the-largest-hack-in-history - Binance laptop: https://www.bleepingcomputer.com/news/security/binance-links-63-billion-crypto-theft-to-compromised-devops-laptop/ - Chainalysis breach: https://www.chainalysis.com/blog/security-incident-october-30/ - Mandiant M-Trends 2026: https://cloud.google.com/blog/topics/threat-intelligence/m-trends-2026 - Microsoft Digital Defense Report 2026: https://www.helpnetsecurity.com/2026/10/02/ai-cybersecurity-threats-microsoft-report/ - UK NCSC on AI and the cyber threat: https://www.ncsc.gov.uk/report/impact-ai-cyber-threat-now-2027 - Gmail spam filtering: https://www.bleepingcomputer.com/news/security/google-says-gmail-now-blocks-99-9-percent-of-spam-and-phishing-emails/ Footage used for commentary and documentary purposes: a16z, The Cipher Brief, All-In Podcast, [un]prompted, BBC News, CBS News, Bloomberg, France 24, Arirang News, KTVU Fox 2, CrowdStrike, Microsoft, Anthropic, NASA, DVIDS / U.S. Army, Prelinger Archives, Library of Congress, NSA, Pexels, Pixabay (mignic). Photos via Wikimedia Commons: Smishra1 (CC BY-SA 4.0), reivax (CC BY-SA 2.0), UK DSIT (CC BY 2.0), Jernej Furman (CC BY 2.0), Coolcaesar (CC BY-SA 4.0), Dietmar Rabich (CC BY-SA 4.0), SimonWaldherr (CC BY-SA 4.0). Animations marked "Illustration" are simplified explanations, not real logs or screenshots. 💁🏻‍♂️ Disclaimer: All content on this channel is for discussion and illustrative purposes only and should not be construed as professional financial advice or recommendation to buy or sell any securities. Should you need such advice, consult a licensed financial or tax advisor. All views expressed are personal opinion as of date of recording and are subject to change without responsibility to update views. No guarantee is given regarding the accuracy of information on this channel. Neither host or guests can be held responsible for any direct or incidental loss incurred by applying any of the information offered. Author is long TSLA and other stocks at time of original video publish date.Subscribe to Dave Lee on Investing on Soundwise

Before Tesla’s Roadster event, Emmet Peppers and I recorded our drive from Austin to Waco. We started with his Cybercab rides—and ended up debating Tesla’s future, a possible SpaceX merger, and who wins the AI race. My view is that Tesla needs more than great hardware and manufacturing. As AI gets more capable, access to the best intelligence becomes increasingly important. That’s a big reason I think Tesla and SpaceX need to merge. Emmet pushes back on how quickly AI companies could compete with Tesla in the physical world, and we work through both sides. We also talk about the robotaxi rollout, FSD hardware, Optimus, SpaceX’s potential in space-based data centers, and Emmet’s Tesla investment thesis. Does Tesla need more vehicle models, or will unsupervised FSD change demand for the cars it already sells? Toward the end, we share how we’re using AI with our families, including a game my son wanted to build, shopping, and home renovations. We finish with our Roadster predictions just before arriving at the event. Curious what you guys think—should Tesla and SpaceX merge? And how much does having the smartest AI matter? Guest: Emmet Peppers Recorded BEFORE the Roadster event, on the drive from Austin to Waco. 00:00 Driving from Austin to the Roadster event 01:40 Emmet’s Cybercab rides and the slow rollout 08:52 What’s holding back robotaxi scale? FSD and AI hardware 16:53 Tesla’s position in the broader AI race 21:08 Why I want Tesla and SpaceX to merge 24:04 Optimus vs. the AI labs: hardware and intelligence 32:35 Why frontier AI matters for Optimus 39:18 The merger tradeoffs for Tesla shareholders 42:32 SpaceX’s potential advantage: data centers in space 49:53 Can AI challenge Tesla’s manufacturing advantage? 55:09 Could self-improving AI create an insurmountable lead? 1:01:31 The competition for top AI talent 1:05:38 When could a Tesla–SpaceX merger happen? 1:06:51 Emmet’s SpaceX experience and Tesla investment thesis 1:12:32 What would move Tesla’s business—and stock? 1:18:18 My theory: a new lineup of driverless Teslas 1:21:47 Does autonomy mean “infinite demand”? 1:23:37 Could Tesla compete with Amazon? 1:24:52 Are we becoming too dependent on convenience? 1:26:18 The AI game that surprised me 1:31:06 How we use AI for personal health questions 1:33:59 AI for shopping and home renovations 1:35:58 Our Roadster predictions before the event 1:38:13 Wrap-up Social 🐦 Twitter https://mobile.twitter.com/heydave7 🎧 Apple Podcast: https://podcasts.apple.com/us/podcast/dave-lee-on-investing/id1493031991 🎙️Spotify https://open.spotify.com/show/2iin015s0k21Bt4ldep9XT?si=uBV4Ft8hQEu_GE4YSIDDGg 📸 Instagram https://www.instagram.com/heydave7 Dave Lee on Parenting, https://www.youtube.com/channel/UCWD9b1BZqi2G2u30sGYIFrA NOTE: Please don’t fall for scammers who might impersonate me or others in the comment section. I do NOT give out my number or ask people to contact me. 💁🏻‍♂️ Disclaimer: All content on this channel is for discussion and illustrative purposes only and should not be construed as professional financial advice or recommendation to buy or sell any securities. Should you need such advice, consult a licensed financial or tax advisor. All views expressed are personal opinion as of date of recording and are subject to change without responsibility to update views. No guarantee is given regarding the accuracy of information on this channel. Neither host or guests can be held responsible for any direct or incidental loss incurred by applying any of the information offered. Author is long TSLA and other stocks at time of original video publish date. Check out my archived articles/posts on Tesla and investing: https://teslamotorsclub.com/tmc/threads/articles-megaposts-by-davet.23473/#post-485768 #Tesla #TSLA #StocksSubscribe to Dave Lee on Investing on Soundwise