Uh, you know, I had Jensen uh Hang on the BG2 podcast uh last year. It's when people were were saying, "Oh, this training is hitting an upper bound and all this AI is overblown and remember uh Nvidia fell and all these AI stocks were falling and and Jensen Hang said on on the podcast, he said, you know, we are now moving into inference time reasoning where the machines begin to recursively think for themselves." And he said at that moment, inference isn't going to 10x. It isn't going to 100x. It isn't going ...

Summary of Powell Industries Conference Call Company Overview - Powell Industries is a manufacturer of products that manage and control the flow of electricity in medium to large facilities, primarily in the oil and gas sector, which accounts for approximately 50% of its backlog and revenue [5][33] - The company operates seven manufacturing facilities, six in the US and Canada, and one in the UK [4] Core Business Insights - Powell is expanding into the utility market in the US, Canada, and the UK, with a growing focus on commercial and industrial sectors, which currently represent 15% of revenue [6] - The company specializes in engineered-to-order products, with a focus on complex projects that require significant engineering expertise [10] - Powell's market focus is on utility-scale distribution, handling voltages from 480 to 38,000 volts [9] Financial Performance - Powell reported a strong financial position with $389 million in cash, with 50% allocated to working capital [26] - The company has nearly doubled its revenue over the last five years, achieving $520 million in the first half of the fiscal year with a gross profit margin of 27.5% [28] - The backlog at the end of fiscal 2023 was $1.3 billion, with a 20% increase in orders and a 16% growth in revenue [31] Market Trends and Opportunities - The utility sector has become a significant growth area, representing 29% of the backlog, with expectations for continued growth [34] - Powell is exploring opportunities in battery storage and energy storage projects, although the market is still developing [40][41] - The company is also focusing on the data center market, which has seen increased demand, particularly for medium voltage solutions [50] Competitive Landscape - Powell competes with major players like ABB, Eaton, Schneider, and Siemens, but differentiates itself through its fully integrated manufacturing process and local market knowledge [21][22] - The company is the only US-based publicly traded manufacturer in its sector, which provides a unique competitive advantage [21] Strategic Initiatives - Powell is investing in research and development, having doubled its R&D spending over the last couple of years, and has launched three new products recently [27] - The company aims to enhance its service offerings beyond installation and commissioning, focusing on operational excellence and automation to address the shortage of electrical engineers [24][25] Operational Considerations - Powell is currently operating at about 85% capacity and is exploring ways to improve productivity through technology and engineering partnerships [58][59] - The company has plans to expand its facilities if demand continues to grow, particularly in the utility and data center sectors [52][60] Conclusion - Powell Industries is well-positioned for future growth, leveraging its strong financial position, expanding into new markets, and focusing on innovation and operational efficiency to meet increasing demand in the energy sector [61][62]

AI Infrastructure and Compute Demand - OpenAI recognizes the shift from compute for model training to compute for model usage, highlighting the need for significant infrastructure investment [1][2] - The company is experiencing high demand for its AI services, constrained by available compute resources, and could utilize twice its current capacity to improve product offerings [10] - OpenAI estimates needing $500 billion in compute capacity over the next few years to support growth projections, but is unsure if it could profitably deploy $1 trillion [11] - The company acknowledges a GPU shortage impacting its ability to handle demand surges and launch new features [13][16][17][18] - More compute directly translates to the ability to provide more AI capabilities for various applications [19] Strategic Partnerships and Investments - OpenAI is collaborating with Microsoft for compute resources, but believes the scale of its needs exceeds what any single company can provide [3][6] - The company has partnered with SoftBank for financial support and Oracle for technical expertise in the Stargate project [6] - OpenAI has raised tens of billions of dollars in funding and expresses confidence in its financial sustainability and profitability [12] Technological Advancements and Competition - OpenAI emphasizes the importance of both the infrastructure layer and the top-of-stack (AI models) as its competitive edge [20] - The company acknowledges the existence of other good AI models but highlights that ChatGPT has significantly more users than any other AI service [20] - OpenAI is focused on optimizing all aspects of its AI infrastructure, including chips, energy sources, and algorithms [33] Future Vision and Societal Impact - OpenAI's grand vision is to provide people with tools to enhance their capabilities and creativity [21][22] - The company is particularly excited about the potential of AI for scientific discovery, anticipating significant progress in 2026 [22][23] - OpenAI acknowledges the potential for AI to displace jobs but believes it will also create new opportunities, albeit at a rapid pace [25][26][27][28] - The company aims to make decisions that benefit humanity as a whole, particularly with the advent of humanoid robots [39]

Nvidia (NVDA -0.85%) stock has soared by 870% since the start of 2023, catapulting its market capitalization to a whopping $3.5 trillion. Demand continues to exceed supply for the company's graphics processing units (GPUs) for the data center, which are the most powerful chips in the world for developing artificial intelligence (AI) models.Nvidia CEO Jensen Huang says new AI reasoning models, which spend more time thinking to produce accurate responses, require up to 1,000 times more computing capacity than ...

How This Small Startup Landed OpenAI’s $500 Billion Data Center Moonshot https://t.co/vWpnamAdHL #ForbesAI50 ...

NRG is one of the top performers in the S&P 500 this year, propelled in part by what some analysts called a transformational deal to buy some gas fired power plants. We continue to highlight companies whose stocks are at or near records, outperforming amid the year's volatility, what we're calling the why behind the high. We'd like to welcome in Larry Coven, CEO of NRG, who's here with us in the studio.Thank you so much for being here. Oh, thank you for having me. So you guys are broadstrokes a power compan ...

Applied Optoelectronics, Inc. AAOI shares climbed in Wednesday's extended trading after the company announced its first volume shipment of high-speed data center transceivers to a major hyperscale data center customer.What To Know: Applied Optoelectronics did not name the customer, but said that the hyperscaler had been "recently re-engaged." Read Next: Nvidia’s Jensen Huang Sparks Quantum Stock FrenzyThe company also said this shipment marked the first volume shipment of the advanced high-speed data center ...

Well, Meta could pay nearly$15 billion dollars for stake and scale AI according to a report from the information as the company looks to expand its AI ambitions. Joining me now on this and more, G2 Patel. He is Cisco's president and chief product officer.Great to have you on this morning, G2. The latest AI investment from a tech company with regards to Meta. How are company leaders thinking about AI expansion right now and are you looking at any potential acquisition opportunities in a similar manner.Madiso ...

Talen Energy Corporation (TLN) Update / Briefing June 11, 2025 08:00 AM ET Speaker0 Good morning, and welcome to Talend Energy Business Update Conference Call. At this time, all participants are in a listen only mode. After the speakers' presentation, there will be a question and answer session. Please be advised that today's conference is being recorded. I would now like to turn the conference over to Sergio Castro, Vice President and Treasurer. Please go ahead, sir. Speaker1 Thank you, Michelle. Good morn ...

Specialist Sales APAC Specialist Sales 10 June 2025 J P M O R G A N KR Defense (Stay Bullish), JPM EU Industrial Conf, JP Auto, Mitsubishi Elec, Key inbounds & feedback Joann Kim +852 2800 8016 joann.kim@jpmorgan.com Hitachi is hosting Investor Day today from 2pm HKT. Its IR material out and initial impression from investors was nothing really stands out, the net debt/ebitda leverage of 1-2x should continue to be favored for a Y1trn buyback but limited to Y300bn and ROIC of 12-15% indicated this time is on ...