Ethan Choi, partner at Khosla Ventures, says the world has only scratched the surface of AI possibilities. He says some AI model startups may be overvalued but those figures are justified because of the cost of buildout and possible upside. Choi joins Caroline Hyde on “Bloomberg Tech.” -------- Like this video? Subscribe to Bloomberg Technology on YouTube: https://www.youtube.com/channel/UCrM7B7SL_g1edFOnmj-SDKg Watch the latest full episodes of "Bloomberg Technology" with Caroline Hyde and Ed Ludlow here: ...

Summary of Key Points from the Conference Call Industry Overview - The focus is on the **data centre industry** in China, particularly the impact of **OpenClaw** on data centre operators and AI model companies [2][9]. Core Insights and Arguments - **OpenClaw's Influence**: OpenClaw is seen as a pivotal factor in accelerating the adoption of AI agents in China, which is expected to increase demand for data centre services [2]. - **Market Dynamics**: There is a noted rotation of investment from gas turbine and diesel engine suppliers to data centre operators due to rising energy costs amid geopolitical tensions [3]. - **Performance Comparison**: Data centre operators like GDS and VNET have underperformed compared to equipment suppliers, suggesting a potential catch-up opportunity as they benefit from the AI inference boom [3]. - **Upcoming Results**: Anticipation of GDS and VNET's results announcements regarding order wins and outlook is expected to act as a catalyst for their stock prices [3]. Company-Specific Insights GDS Holdings - **Valuation Update**: The target price for GDS has been raised from **USD 46.90 to USD 62.70**, reflecting a 42.9% upside potential [5][27]. - **DayOne's IPO Potential**: GDS holds approximately 27% equity in DayOne, which recently raised funds at a valuation of **USD 9.4 billion**. This translates to an implied value of **USD 11.18 per GDS share** [4]. - **Financial Projections**: GDS's revenue is projected to grow from **CNY 10,322 million in 2024** to **CNY 14,053 million in 2027**, with EBITDA increasing from **CNY 4,395 million to CNY 5,846 million** over the same period [10][11]. VNET Group - **Valuation and Target Price**: VNET's target price remains at **USD 14.40**, with a 28.2% upside potential. The valuation is based on a target EV/adjusted EBITDA multiple of **10.3x** for 2027 [5][47]. - **Financial Outlook**: VNET's revenue is expected to rise from **CNY 8,259 million in 2024** to **CNY 14,424 million in 2027**, with EBITDA increasing from **CNY 2,268 million to CNY 4,913 million** [18][19]. Additional Important Insights - **Investment Risks**: Key risks include failure to secure large orders, potential slowdowns in growth for DayOne, and challenges related to chip shortages affecting data centre utilization [32][49]. - **Market Positioning**: GDS is preferred over VNET due to its stronger valuation upside and the accelerating demand growth in China driven by OpenClaw [5][9]. Financial Metrics - **GDS Holdings**: - **2024 Revenue**: CNY 10,322 million - **2027 Revenue**: CNY 14,053 million - **2024 EBITDA**: CNY 4,395 million - **2027 EBITDA**: CNY 5,846 million [10][11]. - **VNET Group**: - **2024 Revenue**: CNY 8,259 million - **2027 Revenue**: CNY 14,424 million - **2024 EBITDA**: CNY 2,268 million - **2027 EBITDA**: CNY 4,913 million [18][19]. This summary encapsulates the critical insights and financial projections for GDS and VNET, highlighting the potential growth driven by AI adoption and the strategic positioning within the data centre industry.

ImportantAdam Lowisz X Meetup 🇺🇸🇵🇱🇪🇺🇬🇧🇺🇦 (@AdamLowisz):Grok has the lowest hallucination rate of any AI model because @elonmusk pushed for Grok to be maximally truth seeking. Other models will struggle with this because they are pushed to be inherently biased. Biased models will hallucinate more. ...

The company behind TikTok has developed an AI model that can turn a text prompt into a high-quality video with a story line, scene changes and distinctive characters https://t.co/rHKwSlYrmG ...

Anthropic’s latest AI model comes not long after its release of a tool to automate certain legal work sparked a market meltdown: Here’s your Evening Briefing https://t.co/Mq1Dmoz9Q0 ...

RT Lukas (computer) 🔺 (@SCHIZO_FREQ)If you haven’t been following this- a huge number of people essentially fell in love with this old ChatGPT model called 4o- it was turned off yesterday- they are going crazy- generating images of hamsters burning down OpenAI- threatening OAI leadership- etcI truly thought the whole thing was some goofy satire for a long time, but I’ve realized this is just what a protest movement lead by people who fall in love with an early AI model looks like ...

OpenAI’s move to kill ChatGPT’s 4o AI model saddened loyal users, but the model also has been criticized for being overly sycophantic and tied to cases of chatbot users developing psychotic delusions. https://t.co/RqABODOTHS ...

An AI model developed by Google DeepMind is giving Olympic snowboarders like Maddie Mastro new insights into how their bodies move.🏂 Read more: https://t.co/s0V1KkXO8mHost/Reporter: Isabelle BousquetteProducer: Gianna Barberia https://t.co/pOk8VGIppP ...

There is a sort of original sin in the AI community and I think it lays at the feet of open AI for starting the race the way that it did. OpenAI basically started as this sort of academic research team building things for academic research purposes essentially and they did a bunch of things that in academia are generally done right like take a bunch of research papers and put them into your AI model. less problematic when you're doing something to extend research than when you're doing it to try to make bil ...

Nvidia provided technical support that helped DeepSeek improve its AI model despite US export controls, according to the Republican head of the House China committee https://t.co/WgMUA2bBge ...