The Ledger, every show

“The main takeaways of how DeepSeq achieved the performance its performance was Incremental efficiency gains. They lied about their compute capacity because they have a billion dollar cluster, and they distilled ChatGPT's model weights.”

“It is Chinese workers, Chinese companies, you know, and a lot of the times it's Chinese equity because the debt converts to equity if, you know, the host country defaults. They do a lot of the times.”

“China is on a path to decoupling from us and de-risking all of its single points of failure.”

“Frankly, in France for a long time, I think one of the frustrations that the public has had is that the options that a lot of people have had in politics is a left, is a left wing leftist government and a right wing leftist government. And there has lacked, yo…”

“The Paxilica countries are growing roughly around four percent year on year compared to G seven countries that are growing somewhere in the zone of one percent.”

“With that being said, our software companies are better by a lot. I mean, it's, we are objectively leading in, in AI and in model development.”

“You know, their data is really falsified, and they actually tried to hide their books so much so that they've made it illegal for people within China to ask too many questions or do due diligence on their economic indicators.”

“We made this arrangement with them where they are granting us 4000 acres, which is obviously very substantial. It's a third of the size of Manhattan. To do a very large industrial build out that's one of a kind that, that helps combine the predictability and c…”

“And because we're approaching it by putting our companies in the driver's seat it's actually, you know, in, in a lot of ways, it's much more ethical because the deal is structured in a way that's really meant to be you know, a true joint venture and one that w…”

“You know, the American economy has been proven incredibly resilient, and a big part of that is AI being this incredible, you know, incredibly strong economic force that is already fueling over a third of our economic GDP growth right here in the US.”

“There's a whole host of reasons why it wouldn't necessarily make sense to try to replicate that elsewhere because it's highly technical. The global talent supply of talent available in that area is very finite and limited. And it's also extremely capital inten…”

“And I'm incredibly confident that we actually will resolve the pricing issue For the minerals market before the end of this administration.”

“We actually would really love for the venture capital ecosystem to help be part of the solution because I think, you know, you guys are better positioned to assess, you know, who are the best players in the space. And we can take that, you know, as an importan…”

“The whole model distillation debate, which is super important to actually protect the economic value of these hundreds of billions of dollars in investments in AI companies.”

“Massive CapEx investment, as you guys know that has really picked up in a statistically significant way. It's over two percent of GDP right now, and it's probably gonna double by next year.”

“I, I've seen analysis that has, ah, that basically says that it's added a full point of GDP just for AI in the last year which is a lot because the economy grew three percent, so if a third of that came from AI infrastructure, that's that, that's a lot.”

“The solution to help put the genie back in the bottle is, I think actually the DoD's deal with MP Materials offers a good template, which is you need an anchor buyer and an end customer, and you need a price floor. So you need to agree with the supplier, in th…”

“If we increase productivity, it will totally erode the competitive advantages in labor costs that developing countries have, and we have an opportunity to re-industrialize.”

“And I actually think companies will choose, far from laying off workers, I think companies will choose to increase output. Because if they don't, their competitors will.”

“I think we're going to, we're likely to see a second great divergence. So, for the first time since the first industrial revolution, I think we're gonna see the economies that are first movers in integrating AI into their economy reap massive productivity and …”

“I think the AI act is basically single-handedly ensuring that Europe will not be a first mover in AI, because it's now subject to these incredibly punitive set of rules”

“I think we need nuclear energy. There's no doubt in my mind that nuclear energy is, offers the best path.”

“Has to basically signal to the market that the Committee on Foreign Investment in the US, CFIUS, will not block foreign investment, you know, from trusted partners into this sector.”

“Some statistics say that our data center capacity will require us to double our overall electricity production in the 20 thirties. We could, I think it's possible to do that, and Sarah, you pointed out that if we want to re-industrialize, you know, the, those …”

“We're moving to this new world where it's, we're gonna be a high investment economy that's basically gonna invest between Two and four percent of GDP in private capex investment, which is massive. The growth band could pretend, you know, a high productivity, a…”

“And that's why we're doing deals around the world on energy, on minerals, and on infrastructure, and it's incredibly exciting about the progress we've made.”

“Just last week we signed a historic deal with the Philippines, 4000 acres, right next to Subic Bay where we're gonna build a first-of-its-kind AI-native industrial park, and the goal is really to secure inputs that are vital for American and global supply chai…”

“In the history of human civilization, we have never encountered a time when you had a technology that led to mass unemployment.”

“And so the interesting thing is that they are actually entering a phase where they're becoming a little bit more akin to, you know, where the Soviet Union was back in the late seventies, which is low growth, but still very, very technologically formidable.”

“The president has been clear that he wants to have a positive impact. Constructive relationship with Xi Jinping, and he does. They actually have a very good rapport.”

“Paxilica is an economic security coalition that now has 14 countries, and the idea is really to have an ecosystems-based approach to our supply chains, and specifically the AI supply chain.”

“And our concentration risk as a country is incredibly high for basically all of those inputs.”

“There is, there's a lot of waste in the Belt and Road Initiative, and, you know, mainly it's because whenever you have you know, central planning and really government bureaucrats effectively, you know, Allocating large pools of capital. There's a lot of waste…”

“Alison Graham wrote this book years ago called The Thucydides Trapped, where he kind of characterized America as the established power, and he characterized China as the rising power. And I actually think, you know, one of the really big flaws in that whole li…”

“We have 90% reliance on critical minerals that are refined in China, on semiconductors that are manufactured in Taiwan.”

“Nigeria is a huge country from a population standpoint, and Israel, a tiny country that's smaller than New Jersey, has a bigger GDP and a stronger military, and it's all because of technology.”

“Fundamentally, the policies of the administration, I would argue, have really amounted to shock therapy to help facilitate building in America as much as possible, removing roadblocks through deregulation through lowering taxes and lowering the tax burden, pro…”

“You can see that with a country like Israel that has less than twenty million people that has a bigger GDP and a stronger military than Nigeria that has a quarter billion people and it just goes to show how tiny Israel actually has a larger economy than a quar…”

“I mean, we're at five percent productivity growth.”

“If you look at the computer revolution, people would have said that personal computers would have put a lot of secretaries out of work, but in reality, the PC revolution gave birth to the software industry, and it displays three and a half million jobs, but it…”

“We want to have one in every hemisphere. We think it makes a lot of sense and we obviously want them to be connected. And so we're having lots of really great conversations with a number of our partners. We hoped, we hope to basically reach that goal before th…”

“The answer has been trying to work in lockstep with our private companies and our builders to build platforms that are commercially viable and that will can ultimately live outside of the government as a private service. And so the forward deployed industrial …”

“We're thinking about making a big play in the logistics space in partnership with large, you know, corporates. And in June we're looking at potentially doing a broader rollout where we're going to roll out four or five different big lines of effort.”

“If we narrow the gap between what we consume and what we produce, we will re-industrialize America because that will be a massive re-industrialization plan that will inevitably include a lot of, you know, semi-autonomy or full autonomy. And because if we indus…”

“From memory, it was actually one of the first executive orders that the president signed that where they said that they wanted to quadruple our domestic nuclear supply.”

“China only emerged as a rare earth mining superpower about 10 years ago. It came out in twenty-fifteen with its Made in China twenty-twenty-five plan, and from that date onwards, we actually saw China's refining activity of rare earth materials skyrocket.”

“Europe's economy went from being 65% of global GDP in the early 20th century To roughly a third in the eighties and nineties, and now it's down to 15% of global GDP.”

“When you consider that GDP per capita in the UAE and Israel is higher than in France today, which is wild. It's higher than in South Korea.”