Joining us now is David Saxs, White House AI and Cryptosar. And David, it's great to have you back on the show. Welcome.>> Good to be here. >> It's a lot to get to with you, but first I have to start with this EO. And specifically, why was it necessary.>> Well, Morgan, we've got the 50 different states here running in 50 different directions with AI regulation. You've got a thousand bills right now going through state legislatores. Over a hundred measures have already passed and you're starting to see contr ...

ASML CEO Christophe Fouquet says artificial intelligence investing now resembles an "arms race," but that he sees no bubble in the industry. The Dutch company is Europe's most valuable company, and one of the most important cogs in the global AI supply chain. ASML has a near-monopoly on extreme ultraviolet lithography machines, which are vital for manufacturing advanced chips. Bloomberg's Tom Mackenzie spoke to Christophe Fouquet in an exclusive conversation at the company's headquarters in Veldhoven, the N ...

Nvidia's (NVDA) CEO, Jensen Huang, said the company received the most substantial advancement to its CUDA platform since its release two decades ago. The centerpiece of CUDA 13.1 is CUDA Tile. It is a new tile-based programming model that changes GPU development significantly. Programmers no longer have to micro-manage thousands of individual tasks. They can now work with "tiles" of data and let CUDA's compiler and runtime automatically determine the best way to distribute workloads. It is available in Py ...

The planet’s 10 richest people enter the last month of 2025 in an AI arms race. Here are the top richest people in the world, going into December 2025: https://t.co/tchnA8VSYK https://t.co/N80k2coZzr ...

The planet’s 10 richest people enter the last month of 2025 in an AI arms race. Here are the top richest people in the world, going into December 2025: https://t.co/tchnA8VSYK https://t.co/IQJz3zk12u ...

The planet’s 10 richest people enter the last month of 2025 in an AI arms race. Here are the top richest people in the world, going into December 2025: https://t.co/tchnA8WqOi https://t.co/IK71cD0QIc ...

America and China are locked in an AI arms race, but they aren’t the only ones running. Alex Hern and @tomstandage ask whether every country need its own model. Watch Inside Tech now https://t.co/4zIhmlnjVR ...

Core Insights - The article highlights the significant impact of artificial intelligence (AI) on the financial performance and capital expenditure strategies of major tech companies, indicating that AI is now a critical component of their business models [3][5][14]. Group 1: Big Tech Performance - In Q3 2025, major tech companies like Microsoft, Alphabet, Amazon, Meta, and Apple reported strong revenue growth driven by AI and cloud services, with double-digit revenue gains [3][5]. - Microsoft experienced an 18% year-on-year revenue increase to $77.7 billion, largely due to demand for AI-enhanced Azure services, with capital expenditure reaching nearly $35 billion [9]. - Alphabet's revenue rose 16% to $102.3 billion, benefiting from enterprise AI demand, and it increased its 2025 capex guidance to $91–93 billion [9]. - Amazon's capital expenditure for the first three quarters of 2025 was $89.9 billion, with AWS revenue growing 20% in Q3, marking its fastest growth in years [9]. - Meta reported a 26% year-on-year revenue growth, with Q3 capex reaching $19.4 billion, as it plans to invest heavily in AI infrastructure [9]. - Apple achieved a record $94 billion in revenue for its June quarter, emphasizing significant growth in AI investments across its devices and services [9]. Group 2: Alibaba and Tencent's Strategies - Alibaba reported a 5% year-on-year revenue increase to RMB 247,795 million (US$34,769 million) but faced a 53% decline in net income to RMB 20,612 million (US$2,893 million) due to heavy investments [7]. - Tencent's revenue rose 15% year-on-year to RMB 192.9 billion (about $27 billion), with net profit increasing by 19%, showcasing resilience amid economic challenges [8]. - Tencent's capital expenditure in Q3 2025 was approximately RMB 13 billion (~$1.8 billion), down 24% from the previous year, indicating a more conservative spending approach compared to U.S. counterparts [13]. - Tencent's advertising revenue surged 21% year-on-year, attributed to AI-driven improvements in ad targeting and creativity [10]. Group 3: AI Infrastructure Investment - Big Tech companies are treating AI and cloud infrastructure as foundational investments, with capital expenditure profiles resembling national-scale infrastructure projects [6]. - The article notes a divergence in strategies, with U.S. firms focusing on building extensive AI infrastructure while Tencent emphasizes integrating AI into its existing ecosystem [14][19]. - The heavy spending on AI infrastructure by U.S. companies is solidifying their market dominance, creating a competitive landscape where smaller players may struggle to keep pace [14]. Group 4: Future Outlook - The article suggests that the AI investment cycle is global and shows no signs of slowing, with companies needing to demonstrate that their AI investments can drive sustainable growth [17][18]. - The contrasting strategies of U.S. tech giants and Chinese companies like Alibaba and Tencent may shape the future of AI monetization and efficiency [19].

Artificial Intelligence & Automation - Fei-Fei Li discusses teaching machines to see like humans [1] - The report mentions the US-China AI arms race [1] - Concerns are raised about a more automated future [1]

Market Trends & Industry Dynamics - The AI chip market is projected to reach $1 trillion [1] - Discussion of Nvidia's position in the AI arms race [1] Company Focus - Advanced Micro Devices' (AMD) financial analyst day takeaways [1] - CEO Lisa Su's comments on the AI chip market [1] Economic Impact - Analysis of the economic damage caused by the US government shutdown [1]