Erik Torenberg and Byrne Hobart discuss the implications of recent tariffs, the impact of AI advancements like DeepSeek, Meta's investments in VR and AI, stock market dynamics, and differing perspectives on open-source AI models.

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RECOMMENDED PODCASTS:
🎙️ @TheRiffPodcast Investor and writer of the popular newsletter The Diff, Byrne Hobart, and co-host Erik Torenberg discuss today’s major inflection points in technology, business, and markets – and help listeners build a diversified portfolio of trends and ideas for the future.
Apple: https://podcasts.apple.com/us/podcast/the-riff-with-byrne-hobart-and-erik-torenberg/id1716646486
Spotify: https://open.spotify.com/show/6rANlV54GCARLgMOtpkzKt

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

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X / TWITTER:
@byrnehobart
@turpentinemedia

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TIMESTAMPS:
(00:00) Intro
(00:45) Discussion on tariffs and globalization
(06:04) European political shifts and populism
(08:24) Skepticism about the EU's future
(11:37) Sponsors: Oracle | Notion
(13:46) China's Belt and Road Initiative
(19:41) DeepSeek and AI stock movements
(31:02) Meta's AI strategy and forward deploy engineers
(35:49) Exploring non-scalable solutions
(36:15) The role of forward deployed engineers
(36:59) Challenges in implementing analytical tools
(37:44) Automating repetitive tasks
(39:03) Future of forward deployed engineers
(40:43) Sponsors: Adquick | Squad
(42:41) Open source vs. proprietary models
(46:41) Fantasy stock picking competition
(55:53) Capital as legibility
(01:04:42) Meta's Metaverse bet
(01:08:30) Wrap