
Hosted by John Coogan and Jordi Hays
Written by a model from the transcript; not yet reviewed.
John Coogan and Jordi Hays discuss current macroeconomic pressures, focusing on how the war involving Iran and the U.S. has spiked interest rates and inflation, placing strains on the housing market and federal debt. They explore the economic impact of the AI compute build-out, noting that capital expenditure precedes productivity benefits and adds upward pressure on real rates. The hosts then analyze the broader debate surrounding AI safety, covering Anthropic CEO Dario Amodei's call to slow model capabilities, political reactions from Washington, and media coverage influenced by grant-making organizations like the Tarbell Center.
The hosts discuss how the 2026 war over Iran has pushed U.S. interest rates above 7%, affecting government debt, mortgages, and AI company financing.
They explain that war-induced energy shortages cause inflation, which in turn pushes yields and real rates higher, complicating Fed policy.
The hosts compare Gulf War I and Afghanistan, noting that wars can spike rates but may not sustain them long term.
AI build‑out requires massive capital, creating upward pressure on real rates and prices before productivity gains materialize.
The hosts critique how the Tarbell Center funds journalists across major outlets, raising questions about bias and transparency.
The conversation shifts to political and media attention on AI safety, including Time’s cover and the Tarbell Center’s influence.
They discuss the need for coordinated safety efforts among AI firms and the challenges of voluntary agreements versus regulation.
An update on enterprise AI spend shows OpenAI leading, with Astra and Anthropic following, highlighting shifts in adoption and pricing power.
The episode wraps up with a brief sign‑off, encouraging listeners to subscribe and engage with the podcast’s newsletter.
War Driving Interest Ratesdata
The hosts explain how the war starting in early 2026 is driving energy shortages, inflation, and treasury bond yields above 5% for the first time since 2007.
Historical War Impact on Ratesinsight
Looking at historical conflicts like Gulf War I and the Afghanistan war, the speakers note that initial oil shocks can cause rapid rate spikes that sometimes reverse later.
The Fed's Inflation Dilemmadata
With consumer price inflation running at 3.4% and the Fed's preferred PCE index at 3.7%, the new Fed chairman faces a difficult case for easing rates.
AI Investment and Real Ratesinsight
The discussion covers how AI compute demand sucks capital out of the investment community and places upward pressure on real interest rates during the build-out phase.
Apollo's Fork in the Roadstrategy
Apollo outlines two future scenarios for long-term rates: either AI succeeds and brings deflationary productivity gains, or AI fails and causes an equity sell-off leading to lower rates.
Morgan and Morgan's Data Centerstory
The hosts touch on the surprising news that personal injury firm Morgan and Morgan is spending a billion dollars over ten years to build a vertical data center.
Time Cover and Tarbell Centerdebate
The hosts discuss a Time Magazine cover on AI danger and allege that reporters on the byline received grants from Dustin Moskowitz's Tarbell Center.
Diet TBPN delivers the best of today’s TBPN episode in 30 minutes. TBPN is a live tech talk show hosted by John Coogan and Jordi Hays, streaming weekdays 11–2 PT on X and YouTube, with each episode posted to podcast platforms right after. Described by The New York Times as “Silicon Valley’s newest obsession,” the show has recently featured Mark Zuckerberg, Sam Altman, Mark Cuban, and Satya Nadella. TBPN is made possible by: Ramp - https://ramp.com Public - https://public.com Cisco - https://www.cisco.com Console - https://www.console.com CrowdStrike - https://www.crowdstrike.com Figma - https://www.figma.com MongoDB - https://www.mongodb.com NYSE - https://www.nyse.com Railway - https://railway.com Shopify - https://www.shopify.com/ Follow TBPN: https://TBPN.com https://x.com/tbpn https://open.spotify.com/show/2L6WMqY3GUPCGBD0dX6p00?si=674252d53acf4231 https://podcasts.apple.com/us/podcast/technology-brothers/id1772360235 https://www.youtube.com/@TBPNLive
5,645 words · 2 speakers
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