Jason Calacanis

Long TAO (Bittensor) — Jason endorses decentralized AI as the future; consistent with his disclosed ~$750k position and $500 PT for 2026.

Uber's open network strategy for autonomous vehicles (TUN) will allow it to capture a dominant 25-50% market share, as it will be more profitable for AV operators to join Uber's network than to operate independently.

1. THE FACT: "Interesting... Baidu is giving its cars to Lyft, Uber, and, apparently, anyone who wants to put them in their network. Tesla can make 1m+ robotaxis a year TO START (and many more in 2028, 2029). Folks don't realize that ridesharing is about to go from ~1% of rides to 50%+ of" 2. THE BRIDGE: The speaker highlights the increasing availability of autonomous vehicles from Baidu and Tesla's significant production capacity for robotaxis. They predict a massive shift in ridesharing adoption, from 1% to 50%+, indicating substantial growth for companies involved in this transition. 3. THE VERDICT: Long Tesla, Uber, Lyft, and Baidu due to the anticipated exponential growth in ridesharing driven by autonomous vehicle adoption.

Apple is positioned as a dark horse in the AI race because its M5 Mac Studio (with large memory) can run open-source models locally, preserving data sovereignty and intelligence sovereignty. This gives Apple a differentiated advantage as users seek privacy and avoidance of centralized AI control.

GameStop's market manipulation behavior makes it risky and unattractive, while eBay is an underappreciated asset with a viable turnaround strategy including cost cutting, live commerce, collectibles, and physical stores. Jason recommends selling GameStop and buying eBay.

The author is committed to a long-term hold of Block (SQ) based on a strong, enduring belief in the leadership of its CEO, Jack Dorsey.

The market is overreacting to a narrative about AI disruption, as DoorDash's network effect provides a durable moat that will protect its business model.

Amazon executed 100,000 layoffs (mostly efficiency/UPS related) while maintaining/growing output. JCal calls it his "number one pick." This is the "Efficiency" trade. Large tech companies are using AI to consolidate job functions (e.g., one person doing the job of a PM, Designer, and Coder). Amazon is proving it can expand margins by doing more with less labor. Long. The company is successfully decoupling revenue growth from headcount growth. Regulatory scrutiny or consumer spending slowdowns affecting the retail side.

1. THE FACT: Jason states, "Vlad is the most underrated founder of this generation—robinhood will be a trillion dollar company by 2030." 2. THE BRIDGE: This is a strong, explicit endorsement of Robinhood's future valuation and the founder's capability. 3. THE VERDICT: Jason believes Robinhood (HOOD) will reach a trillion-dollar valuation by 2030, implying significant upside.