Elon Musk Terafab: Tesla's $25B AI Chip Gigafactory (200B Chips/Year) + XRP $10K to Erase US Debt!

Kind: captions Language: en Welcome back to Crypto Meets AI. Jerry here with an update for you. Do me a favor, friends. Smash that like button, hit subscribe, and comment down below. Now, let's get into this. Elon Musk announces his new Terraab facility. This is going to take things to a level people aren't even contemplating right now. Here are 10 key points about the Terraab project, Tesla's in-house AI chip fabrication initiative. Terraab is a gigafactory but way bigger that will produce AI chips in enormous volumes 100 to 200 billion chips per year to meet Tesla's needs for autonomous driving optimus robots and AI infrastructure. Terap project launches in 7 days. It is a fully vertical integrated chip fabrication effort combining logic processing memory and advanced packaging in one massive US-based facility. It's designed to produce advanced chips like the upcoming Tesla AI5 with 40 to 50 times more compute performance and nine times more memory than the AI4. Tesla is actively recruiting right now while ramping up production. Early estimates peg a starter fab at 20 to 25 billion making it one of the most expensive single projects in Tesla's history. This will fix the supply bottleneck creating the volume of high performance AI chips needed for Tesla. It's US-based. Terrafab could reshape the AI hardware landscapes by enabling highdensity inference servers using thousands of Tesla AI chips competing with Nvidia, Google and other leaders in compute power. Terrafab means Tesla controls critical components internally to accelerate innovation and scale rapidly. Well, we have a profound we have a profoundly important announcement to make, which is uh the most uh epic chip building exercised in history by far. >> This is really going to take things to the next level. So, yeah, a level probably people aren't even contemplating right now. this is not in the I would call this an sort of an out of context problem. Uh it's not in their context. So we're going to adjust the context by a few orders of magnitude here. >> Let's not forget many people think that the US government has part of the escrow preassigned. Once the Clarity Act is passed, we will see how Ripple restructures the escrow. They will likely stop releasing 1 billion XRP each month. The escrow has always been the key and of course it's pre-allocated. 20% of the total 1 billion XRP coins Ripple has to give away before Clarity Act passes, which means the US government probably already has about 20 billion XRP coins. Those XRP tokens will be used to erase the US government debt. Do the math. What price does XRP have to be to erase 40 trillion in debt? And if what people are saying is true, they will repric XRP to a high value so they can wipe most if not all the US debt out. I've read many estimates, but close to 10,000 per XRP. Once clarity passes, major moves will start to happen. And the same man who prophesies that the bullet is going to hit President Trump's ear now says XRP will reach a high price. Comment down below, share, like, subscribe. Tell me, do you believe Brandon Bigs here? overnight will double. They'll triple. And then he said, I saw some of them go to $5 quickly. Some of them go to $10 go to. And he said some of the target uh of where they wanted to have this one was 150 bucks. And I saw the men talking. He said 100. I saw the number 150. He said, 'You asked me and asked me and asked me about investments and I'm and he said, I'm going to tell you something that will increase like Apple one day that will be a a major uh investment in the end times. And he said XRP will go from from where it's at right now to $10,000 one day. It will be worth over $10,000 per XRP. And when he said that to me, I didn't even know what XRP was. And I was like, what is XRP? So, I had to Google it and and I found out it was a cryptocurrency. >> You know, I always like to encourage people to do their own research. I really think people should look into Brandon Biggs and watch some of his videos. He is pretty convincing, but it does kind of seem far-fetched as well. But if you search for the video where he's talking about President Trump being shot in the ear that is out there and it was like 3 to 4 months before it actually happened. If this situation continues to worsen, they will have to pass an emergency clarity act in order to rescue the financial system. XRP is at the center of it all and will be the solution. And next up, Everor CEO Shish Burla explains how the banks can start using XRP for their transactions just by flipping one switch overnight. So, some of you guys may know that we have a great customer out of the UK called Mercury FX, a really innovative payment provider. And what was interesting is like how they send money today using the antiquated wire system. This is called an FTP server. They actually drop files into an FTP server. It takes 3 to 5 days to process and finally gets over to the destination capital. That's why you have that lock is locked up there because they actually need to have the pesos in Mexico before the payment is triggered. This takes months to set up. It takes days to send. It's cumbersome. It's not innovative. It's antiquated. is going to tell you a little bit about how our products Xvia, XRapid, and Xcurren work together to improve the payment experience. Xvia allows you to use one standard connection to get you all the benefits of Ripplet and our products. So, you know, the base case is, you know, without XRapid, they would use Xcurren and they would get rid of the need for the FTP server and the three, you know, day weight to process the files. They would use a modern API and a connectivity into the destination. They still have to use they still have to have capital trap in in Mexico via pesos in a nostro account, but they get some of the benefits of faster processing and modern APIs. The magic is where XRapid is available, Mexico for example, they can then add on XRapid and move money on demand using XRP into Mexico and pay out instantly. US dollars through one of our partners, for example, Bitrex. It's deposited and converted into XRP. XRP is then moved into Mexico via Bitso, another uh another XRapid partner, converted into Mexican pesos, and then paid out uh via one of our XCurren payout partners located in Mexico. They get all this with one standard connection. They get reach wherever XCurren is available in Mexico, whether that be a bank, a cash payout provider, or in the future innovative mobile wallet. So that in a nutshell is how these three products work together to make an antiquated experience, a revolutionary one, and a great experience for Mercury FX and their customers. >> You know what really bothers me about this is that you have millions of people that know what's going on and the switch is happening. The new rails are in place. Everything's ready to go. But millions upon billions of people are going to miss out on this massive transfer of wealth. If you really think about it, only about 6 to 8% of the world's population out of 8 billion people are invested into cryptocurrency or probably even know about cryptocurrency. And last up, Ripple's global co-head of policy, Lauren Belief, drops key insight. The stable coin market is about 314 billion right now, driven all by retail. The next 10x growth will be institutional money. >> Recently, we're starting to have more debate and discussion about various types of non-bank entities seeking banking like charters uh and potential access to Fed master accounts or the Fed payment system. Share some thoughts on that. How important is that to the ecosystem? Is that a logical next step or do you see that as a distinct conversation? >> Lauren, I'm happy to start with you. >> Absolutely. I think when we talk about what's going to be a needle mover here, right? I, you know, you look at the stable coin industry right now, it's about 314 billion in market cap. I think the first 0 to 314 billion really was driven by retail investments, by crypto investments. But that next 10x going forward, I believe, is really going to be driven by institutional in engagement and institutional investments. That's the shift and that's the opportunity for stable coin going forward. Now, as I mentioned, Ripple, our clients are big banks and for us, we are a regulatory regulationheavy first company. Um, when we went to start our stable coin, we went through New York DFS, um, which is the the largest the third largest regulator in the country under the Fed and the OC. And now we've also sought a OC charter, which we um, were approved for. And a lot of that is if you're going to be engaging with banking partners, um most of them haven't had much exposure to stable coin counterparties because they weren't regulated yet before. And so those entities now through the Genius Act, through going through, I would say, very tough regulatory scrutiny of New York DFS and we enjoy our relationship with them. That's the baseline to really establishing trust through a lot of these banking um work partnerships and that is what um now that and the Genius Act itself you know it you need to have onetoone um dollar backed you need to have a proof of reserves there's a lot of heavy AML um scrutiny that goes in through the Genius Act and there's bankruptcy protections so that eliminates a lot of that risk that the banks are feeling and so now it makes sense that there's access points that the OC can properly regulate these entities that are really above board. Well, >> that's what I have for you folks. Until next time, stay savage, stay stacking, and I'll catch you in the next one. If you enjoyed this, smash that like button, hit subscribe, and comment down below. And if you want more crypto deep dives, check out our videos right here on Crypto Meets AI. Thank you for watching. Remember to always do your own research. This is not financial advice.