The timing of this. Mike, Very interesting. What do you make of it.Well, it's fascinating. This announcement today from India in the overnight hours comes less than a week after Jensen Huang sat down with President Donald Trump in Washington at the White House for a closed door meeting. Now, we don't know what was said in private between the two men, but one thing we do know is that Jensen Huang has been clear in his message that U.S. export controls that have hit his company particularly hard have been a f ...

Market Competition and Geopolitics - The US administration restricts the sale of state-of-the-art semiconductors to China, allowing the sale of heavily deprecated chips like the H-20 as part of trade negotiations [1][2] - Huawei's Cloud Matrix technology, networking multiple chips, is becoming a viable competitor to Nvidia, potentially impacting market share [5][6][8] - Preventing American companies from competing in the Chinese market could give Huawei a significant advantage in R&D and global competition [7][8] - The US aims to encourage countries like the UAE to adopt American technology and build data centers on the American tech stack, countering China's influence [12][13] - The industry emphasizes the importance of American companies competing globally to maintain market share and win the AI race, with a target of 80% market share for American companies in five years [11][15] Technology and Security - Nvidia's chips are currently three times more powerful than Huawei's, but networking Huawei's chips can achieve similar results [6] - Security concerns regarding chip sales can be addressed through inspections of data centers to monitor server racks [16] - The US seeks to establish American technology as the global standard, similar to the US dollar as the world's reserve currency, emphasizing the importance of a strong partner ecosystem [18][22] Energy and Infrastructure - Energy security is a national security priority, with concerns about having enough energy resources to power data centers [26] - Pennsylvania is a major energy-producing state with abundant natural gas, which is expected to power data centers in the near term [26][27] - The US electric grid's growth has lagged behind China's, necessitating major new investments to support data centers [28][29]

Natalie, you cover dating apps. Match Group Bumble is another one. They've been investing heavily into AI.So what does this portend for them. I mean, how existential of this is an issue. Yeah.So gen-z is an increasingly important cohort for the companies. As millennials age up and Gen Z are becoming the new generation of daters. We came out about half of Tinder's monthly active users, and so often agencies are not dating as much as millennials, and they're reporting more discomfort than older generations wi ...

Brody. What is. You went through a lot of documents. You got emails, documents.You spoke to officials. Talk to us about what you've gleaned about the scale that this poses on the grid and what officials plan to do about it. Yeah.So we all kind of hear this story about how AI is causing more electricity use, but it sounds kind of vague often when it's said what we have here is a pretty nice case study that a large data center is going to double the power needs in a Texas city. I mean, that's just one data ce ...

Part of what's driving this big rally in crypto is obviously this momentum on Capitol Hill. Walk us through the nuts and bolts of what these bills could do for the crypto industry in a tangible way. So the Genius Act, which already passed the Senate, would effectively legalize stablecoins.These are cryptocurrencies that are backed by U.S. dollars. They're already quite popular, but their status in the U.S. was kind of in a gray area. If they're fully legalized, we might see more mainstream financial institu ...

Battery Supply Chain & Localization - Lucid initially sourced battery supplies from Japan and Korea, but has since invested in localizing production with Panasonic in the US [1] - The collaboration with Panasonic involves co-engineering to optimize battery cell performance based on Lucid's real-world experience and Panasonic's chemistry expertise [2] - Localizing the supply chain, including raw materials like graphite, is crucial to mitigate the impact of tariffs [6][7] - The company is working on further localizing the supply chain for battery cells to avoid tariffs on imported raw materials [6] Production & Scaling - Lucid is ramping up production of the Gravity model and expects significantly higher numbers than in the past [9] - The company aims to reach 20,000 vehicles this year, with efforts focused on resolving supply chain bottlenecks and optimizing plant operations [9][14][16] - The mid-size platform, targeting a $50,000 price range, is on track for next year and is expected to be a key inflection point for volume scaling [8][9][16] - The de plant will supply cells for vehicles sold or delivered starting next year [10] Market Position & Strategy - Lucid Air is the best-selling EV in its segment in the United States, even outperforming ICE vehicles at the beginning of the year [12] - The company is primarily appealing to the higher price segment, as achieving economies of scale in automotive manufacturing is a long-term process [14][15] - Lucid is experiencing increased interest from potential partners motivated by the effort to onshore industry in the US [19] - Lucid is seeing increased interest from Tesla owners [23] External Factors & Challenges - Tariffs increase costs and necessitate rethinking the supply chain, prompting localization efforts [5][25] - The company is less impacted by cost increases compared to other players because it builds everything in the United States [26] - The company believes that vehicles will become more expensive for American consumers under the tariff regime [28]

AI Investment & Strategy - Meta is projected to invest hundreds of billions of dollars in AI infrastructure, aligning with its aggressive hiring of AI talent for its superintelligence group [1][2][3] - Elon Musk's various companies, including SpaceX (investing $2 billion), are contributing to his AI business, X AI, with potential synergies across Tesla and X [5][6] - Elon Musk is seeking shareholder approval for Tesla to invest in AI, emphasizing the transformative potential of the technology and its benefits for self-driving capabilities [7][8][9] X AI Financials & Business Model - X AI is reportedly burning over $1 billion per month on its AI efforts [10] - X AI's revenue streams are currently limited, primarily from Grok subscriptions on X, raising questions about the long-term financial viability of its AI investments [11][12] Competitive Landscape - Meta's AI investment gains significance as competitors bolster their AI ambitions [4] - The integration of Grok into Tesla vehicles exemplifies potential synergies within Elon Musk's companies [7]

Production & Expansion - Panasonic aims for full production at its DeSoto, Kansas facility this year, with sales already underway [2] - The company invested $4 billion in the DeSoto facility and is eligible for nearly $7 billion in incentives from the Inflation Reduction Act [15] - Panasonic plans to localize 50% of its supply chain within North America by 2030 to enhance resilience [19] Customer & Market Strategy - Panasonic is diversifying its customer base beyond Tesla to include other established OEMs and startups [8][9] - The company is "very bullish" and not currently experiencing a slowdown in orders from key customers [6] - Panasonic acknowledges the hybrid market's continued relevance alongside EV growth, with EV sales rising by 114% [23] Location & Partnership - Kansas was chosen for its available workforce, infrastructure, and the supportive attitude of state officials [11][12] - Panasonic collaborated with local schools and community colleges to create curriculums to ensure a skilled workforce [14] Supply Chain - Panasonic is actively working to diversify its supply chain to ensure resilience, addressing issues highlighted during COVID-19 [18][20] - The refining process for raw materials is a key focus to ensure the quality needed for battery production [21] Future Outlook - Panasonic's next priority after the DeSoto facility reaches smooth operation is yet to be determined (TBD), focusing on producing quality batteries [22] - The company is hopeful that the 45X manufacturing credit will remain intact, supporting job creation and technology advancement in the US [17]

AI Infrastructure and Development in Europe - Europe should prioritize developing AI use cases for industries like life science, logistics, and manufacturing rather than competing on infrastructure with the US and China [2] - Focusing solely on building data centers in Europe may not meet current demand; a demand-driven approach from the software and AI layer is needed to stimulate chip demand [5][6] - While infrastructure is necessary, Europe's focus should be on the application layer and building industrial AI, as customers have choices beyond US hyperscalers [4][15][16] AI Regulation and Sovereignty - The primary concern in European AI discussions is often regulation, potentially overshadowing competitiveness and opportunities [7][8] - The EU AI Act, while well-intentioned, risks hindering development if member states create overlapping and inconsistent policies, impeding startup scaling [9][10][11] - Data sovereignty means controlling data location and access, with encryption, rather than solely focusing on the origin of hardware components [14] - Complete technological independence from the US is unrealistic; hardware components will inevitably come from various global sources [13][14]

Once overshadowed by luxury icon. LVMH and pharmaceutical titan Novo Nordisk, SAP has risen steadily to the top - and is now worth over €300 billion. Its business enterprise software powers the inner workings of more than 90% of Fortune 500 companies, including Coca-Cola, Apple, Walmart and Nestlé.The SAP story started in 1972 when a group of former IBM engineers set out to build something revolutionary software that could integrate all of the company's operations and process data in real time. By the mid-s ...