Tough timing amid the current pressure on some of the companies. What do you make of this questioning. Yeah.So, you know, importantly, the reason we launched this fund is we believe this is the most profound technology shift that we will see in our lifetimes. So whatever happens over the next couple of months is going to happen. But the direction of travel over the next 20 years we think is very positive as it relates to AI.And if we just, you know, reflect back over the last 25 years and the cloud, the soc ...

We have been uncovering, as you always do, within tech and venture capital, that some of the trends so these big whopping valuations cover up a dark side. Yeah, there's a tale of two markets in venture capital right now. You have the eight mega companies open I anthropic databricks raising raising rounds and what feels like in a monthly cadence.And then you have all of the other startups and many of them are actually struggling or even raising down rounds. So who are those types of startups. Because we just ...

That commitment to infrastructure that Riley articulate said that money. Is it proving out. Hey, thanks for having me.I think so far what we have seen looking backwards our last 12 and perhaps 15 months, Meadow's probably the best poster child in providing kind of quantifiable returns on investment in infrastructure. But that what I mean, as the company has demonstrated accelerating revenues, the company has demonstrated upside to industry growth and a lot of other bells and whistles around investment. So l ...

Digital Transformation & Customer Experience - 99% of Bank of America's customers interact digitally, fully self-service [2] - 99% of interactions in the consumer business are self-service digital [2] - 65% of account openings are done digitally, compared to 0% ten years ago [2] - Client satisfaction has increased from the high 70s to 89.1% [2] - Bank of America has conducted 3 billion transactions through Erica, and it continues to grow exponentially [6] AI & Technology Implementation - Bank of America has 1400+ patents and 250 models in production with AI [4] - The company uses coding agents for 17,000 developers to improve productivity [13] - Bank of America is intentionally model agnostic and does not want to be tied to any single solution [11] - Bank of America embraces commodity foundation models but builds upon them for complex workflows [10][11] Productivity & Employee Impact - Coding agents free developers to do more innovative work rather than mundane tasks [16] - Generative models can create the first draft of a dossier for client meetings, saving hours [8] - Bank of America measures productivity gain through metrics like cost per story point and defect density [13]

Gemini Strategy & Product Integration - Gemini is a huge part of Google's strategy, with the company claiming to have the best models and AI assistant [1] - Google is integrating Gemini into various surfaces, including phones, cars, televisions, smart speakers, smart displays, and potentially smart glasses in the future [6][7] - Gemini powers various applications, enabling users to be more productive and do things for fun [3][2] - Google is working on smart glasses powered by Gemini, expected to be released sometime in 2026 [7] AI Capabilities & Applications - Gemini will make it easier to interoperate with phones, allowing users to talk to the AI and receive assistance with tasks like home projects [4] - Magic Q allows users to quickly process information from other applications, such as calling a restaurant directly from a text message [9][10] - Google is partnering with Steph Curry to apply AI technology to personal coaching, focusing on sleep, nutrition, and fitness [4][5] Android Ecosystem & Partnerships - Google aims to showcase its software capabilities through hardware to demonstrate what is possible with Android [11] - Google works closely with Samsung on Gemini technology and is excited about their launches with fold seven and flip seven [12][13] - Android is an open ecosystem where many participants can take advantage of Gemini [13] Hardware & Technology - Google is focused on running AI on devices, showcasing what AI on devices can do for the whole Android ecosystem [8] - Processing things on the device can improve speed, privacy, and functionality when out of network coverage [15] - Google has staggered releases for its products, with the watch coming out a little later this year [16] Business Objectives & Success Metrics - The most important thing for Google is to showcase what Gemini can do for everyone and distribute it as broadly as possible [18][19]

I mean, what a difference a couple of days makes. What do you make about this sudden evaluation. Anxiety.Yeah. Good morning. In some ways, it's expected.You can't expect everything to go up all the time. I do think that there is something to be said about the month of August being special in a seasonal way. But the other thing is there are people who are taking gains.There's also when there's fear that comes into the markets, usually the ones that are casualties first are the ones with the highest valuation ...

SpaceX loves proving skeptics wrong. 20 years ago, it was a scrappy startup. Today, it's the world leading rocket and satellite company.But it most ambitious project yet, Starship, is proving harder to perfect. Starship is a two-stage, fully reusable super heavy launch vehicle. Elon Musk promised it would carry humans to space by 2023.And the moon before 2030. NASA even put a full billion in contracts to help make it real. Instead, Robert has been rocky.Test bites keep failing. To fix it, SpaceX has shifted ...

So I go to Asia. First. I ask you why SoftBank is taking that $2 billion stake.Why are they getting Intel to sell more equity to them. Yeah, there's a lot going on here with Intel, but on the software on the SoftBank front, in particular, the founder Masayoshi Son, has had ambitions in the chip area for a long time. He bought ARM Holdings, of course, the chip designer.That's that's that's commonplace in all sorts of smartphones. And he has ambitions to be able to compete in A. I.chips against in Vedere in p ...

Christian, you've put out a React note along with colleagues really talking about how this is all for support, this potential stake. But it wouldn't close the gap with TSMC. Just talk us through your thinking.Yeah, there's like the positives of this stake one near-term that it can help, but we don't think it's it's really positive long term for stakeholders in terms of the near-term positives they get the 10 billion infusion, they get us signaling that the government is behind this and behind and Dylan and ...

Private Credit Opportunity - Private credit sees a huge opportunity in infrastructure and digital infrastructure, with potentially high margins and lucrative coupons [1] - The sector is attracting significant attention, with many participants trying to enter the market [1] - UBS expresses concerns about the market becoming overheated and risks emerging due to excessive capital inflow [2] - Despite concerns, the industry remains somewhat skeptical about the long-term impact of potential overblown demand [2] Capital Expenditure and Bond Issuance - Morgan Stanley estimates approximately 3 trillion USD (万亿) in capital expenditure needs for AI over the next three years [3] - This capital expenditure could translate to hundreds of billions USD (千亿) in bond issuance [3] - A significant portion of the issuance is expected to be U S dollar denominated [3] Investment Grade Debt - The majority of the debt issuance is likely to be investment grade [4] - Long maturities of the debt instruments enable companies to achieve investment grade ratings [4] - The presence of underlying assets provides additional security [4][5]