The Biggest Pivot In AI History Is Happening Right Now | Jordi Visser

**SPEAKER_1** (0:01)
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**Jordi Visser** (0:56)
When SpaceX happened this week, it became obvious. SpaceX and Bitcoin are basically to me the same thing. I love when people send me things and they're going, you're wrong, SpaceX is overvalued. I'm like, when something doesn't have a valuation, it can't be overvalued or undervalued. It has no valuation. It's a complete guess. We're talking about flying to Mars. We're talking about flying to the moon and building space stations.
This is a dream. So Bitcoin has no energy because it is a vehicle meant for two things. One is.

**Anthony Pompliano** (1:25)
What's going on guys? Today we've got a great conversation with Jordi Visser. In this conversation, we talk about what's going on with the hyperscalers, why their stocks have been a little weak, what's going on with Fable 5 and many of the open source models, how the competition is heating up, what that means for you and for investors. We talk about Bitcoin, trueflation, Kevin Warsh's first meeting and what the Fed is likely to do going forward. Jordi is thinking a lot differently than he was maybe a couple of weeks ago and he explains what's changed, what's stayed the same and how his portfolio is adopting. Hope you enjoy my latest conversation with Jordi Visser.
All right Jordi, there's a big pivot going on in the AI world. It feels like the hyperscalers, there's a lot of weakness there, but there's a lot of technical innovation that's going on. How do you evaluate the current state of AI and why so much of a pivot is occurring?

**Jordi Visser** (2:09)
You know, a lot's happened in the last two weeks. That's probably more important than what everyone realizes. And I think this is just a world where we sit here, we talk about AI every week. I think the reason we always have a new topic to talk about is because the changes happen so fast. I wrote a paper this week and so people know this because the number one story from, let's say, the end of February until now has been the Strait of Hormuz, Iran, the US.
During that period where oil prices peaked in the first week, literally the first week and then progressively have gone lower, despite all of the doom and gloom forecast by people who get paid to sell subscriptions on oil, there's been over 20 model releases in AI, including Opus 4.7, 4.8 and Fable. So, the progress in AI, last year, we had to wait a long time for Chat GPT-5 to come out.
It was the most anticipated model release and the most nothing release of any model yet. And now we're releasing them so fast that they don't get any attention. So in the last two weeks, we hit a point. And I think for everyone, they should go back to the piece by Leopold, who's gotten all this attention now because of his hedge fund going up astronomically.

**Anthony Pompliano** (3:36)
Situational awareness.

**Jordi Visser** (3:37)
Situational awareness. And they should go back and read it.
He highlighted in there that an important moment would occur in 2027, 2028, when we would reach recursive self-improvement, but also when the government would be forced to basically regulate AI and it would no longer be this, everyone has this model. And that happened in the last two weeks.

**Anthony Pompliano** (3:59)
Now recursive self-improvement is basically the idea that the model doesn't need feedback from humans. It is learning autonomously essentially and making improvements to itself.

**Jordi Visser** (4:08)
Yeah, so we have to hit AI agents first. And then the question is how long between AI agents growing in numbers. So think of it as digital employees just sprouting everywhere.