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.”

“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.”

“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…”

“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.”

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

“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.”

“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”

“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…”

“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.”

“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.”

“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.”

“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…”

“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 …”

“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.”

“At the cost of electricity in the US is half of the cost of electricity in Europe.”

“Paxlica is an economic security coalition with a group of now 14 countries that each bring unique industrial capabilities to bear to help secure our supply chains.”

“America consumes, accounts for, you know, somewhere in the neighborhood between 20 and 30% of global consumption on any given quarter. It's obviously huge, because we're four percent of the world's population, but we're basically a fourth to a third of the wor…”

“What's actually really rare is the refining process, because the number of refining, or the number of processing facilities for these minerals is very, very limited outside of China. They exist, but in very limited, you know, quantities.”

“For the first time since 2008, we're actually seeing an uptick in, in national demand for energy. Our total electricity supply has remained, has flatlined since 2008, which is just an, Interesting statistic that I've recently come across, and now we're seeing …”

“The DoD has forged a strategic partnership with a firm called MP Materials for seven hundred and fifty million dollars to reboot domestic rare earth magnet production.”

“A record high was reached this year with 2.7 trillion in global spending on defense. 60% of that came from, you know, countries that, very large countries like the US, China, Russia, India and Germany.”