Good morning from OWITH.ai: the podcast that gives you only what's important to hear in AI and tech world. The text discusses the failure of big tech giants to create advanced AI models like GPT-5, with projects like Llama 4 falling short of expectations despite massive investments. There are rumors that Meta may have attempted to cheat to improve results, leading to their VP of AI resigning. The text also criticizes well-paid pundits for failing to question the repeated failures of these companies and ignoring the opinions of real-world customers and AI researchers. It suggests that the hype around AGI (Artificial General Intelligence) may be misleading and that large language models are not living up to expectations. Overall, the text raises concerns about the integrity of AI research and the misleading narratives being pushed by tech companies and pundits.Moving on, the potential impacts of Trump's tariffs on the global economy are discussed, focusing on the relationship between trade, tariffs, and technology. It explores the historical context of trade relationships, from post-World War II to China's entry into the global economy, and how structural changes have influenced manufacturing jobs in the U.S. The text questions the wisdom and outcomes of Trump's tariffs, comparing them to the Nixon Shock and suggesting that addressing structural issues in U.S. manufacturing may be more beneficial. The impact of tariffs on tech companies like Apple, Meta, Google, Amazon, and Microsoft is discussed, highlighting potential price increases and decreased sales. The text concludes by discussing the benefits of deepening the status quo in relation to potential trade wars, as opposed to implementing drastic economic changes. It emphasizes the complexities and potential consequences of tariffs on the tech industry and the economy as a whole.Furthermore, how tariffs imposed by President Trump may impact consumer tech investing is discussed, particularly in the consumer goods sector. Despite the uncertainty caused by the tariffs, venture investors remain optimistic and focused on long-term strategies. The potential impact on consumer spending and the challenges faced by startups operating with tight margins are highlighted. Some portfolio companies are directly impacted by the tariffs, leading to tough decisions about pricing and costs. The text also briefly mentions the performance of the crypto sector amidst stock market volatility. Additionally, it provides a summary of recent venture deals and private equity acquisitions in various industries. Overall, the text emphasizes the potential challenges and opportunities that tariffs may bring to consumer tech investing.Moving forward, stocks in Asia are taking a hit, with tech stocks sliding due to President Trump's import tariff increases. TikTok has been granted a 75-day extension to find a new owner for its U.S. operations. Apple may raise prices due to the U.S.-China trade war, and Meta has released advanced AI models named Llama 4. Other tech news includes Klarna pausing its IPO, Google and OpenAI rejecting a U.K. AI copyright plan, Nintendo delaying Switch 2 preorders, and Glean fundraising. Amazon's Ring founder rejoins the company, and Microsoft debuts AI-generated Quake II. OpenAI discussed acquiring IO Products for $500 million.Shifting gears, the global market crash amidst President Trump's tariff policies is discussed, with CEOs navigating uncertain economic terrain. Wall Street is losing confidence in Trump, with market declines and predictions of recessions. Berkshire Hathaway's strategic moves are highlighted, while aid for affected farmers is mentioned. The importance of adapting to political and economic changes, industry collaboration, and various business

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