00:13:18 · John Coogan, Jordi Hays
And there are a number of states that have been receptive and continue to be receptive to the point where they haven't even had legislation Yeah. To ban data centers. [00:13:28] S0: To me, it's great it's great data for technology industry to, like, comb through Mhmm. And look at where where people are more favorable to data centers Yeah. And go build them there. Yeah. At least try to. Yeah. Right? There's gonna be some areas where they're pro data center [00:13:43] S1: Yeah. [00:13:43] S0: That have problems getting access to energy Yeah. Right? And and and other issues that they run into, but Yeah. They don't all have to go to space Yeah. Just yet. [00:13:53] S1: Yeah. Yeah. The the the the energy, I think, is is less of a factor. I think natural gas is pretty abundant, but you still have to build pipelines around it. And then the big thing is just like the overall infrastructure. Infrastructure. Like do you have big roads? Do you have the ability to move big materials around while you're in that construction phase? There are certain parts of America where even just building a house is hard because you're on dirt roads and and Yep. And that's tricky. So anyway, you can see some of the Neo Cloud reshuffling happening in the market today. Ben Thompson says hyperscalers are winners. The downside for the Neo Cloud's upside [00:14:29] S0: They need that.
00:14:29 · Jordi Hays, John Coogan
[00:14:29] S0: They need that. [00:14:30] S1: Thank you. Yeah. Jeff Bezos is doing well. Amazon's way up today. They're more likely to grow their share of AI compute than they were before. Moreover, investors may be pleased if the hyperscalers ambitions are somewhat curtailed. So investors are like, oh, okay. Maybe you'll be able to bring the dividend back or return some cash. You're not gonna you're not gonna need to tap the deck markets because you won't have anywhere to invest it. This could be something that investors are excited about. Political opposition is an excuse to moderate spending. This is the four d chess I was joking about with Joe Wiesenthal, which all of a sudden is being taken very seriously. I was kind of riffing with him and and now I've seen a number of people put that in writing as like their official take that this is good. And we'll see it. We'll see how it plays out. [00:15:13] S0: For NVIDIA Yeah. I think [00:15:15] S1: Yeah. [00:15:15] S0: Nothing is ever as good or bad as it seems. Yeah. Sort of an iron law. [00:15:19] S1: Nothing ever happens. [00:15:20] S0: Things happen. No. Nothing ever happens. You did. No. [00:15:24] S1: That's a good point. Yeah. [00:15:25] S0: One thing, you know, is we got a report from from a friend who was walking up and down Sand Hill Road this morning. [00:15:35] S1: Oh, yeah? [00:15:35] S0: And they sent a clip. They heard this song playing. This was playing outside of the... Was playing so loud.... [00:15:44] S1: Windows. Yeah. Sort of sorrowful moment Yeah. On Sand Hill.
00:15:44 · John Coogan, Jordi Hays
[00:15:44] S1: Windows. Yeah. Sort of sorrowful moment Yeah. On Sand Hill. [00:15:50] S0: They have to delete some tweets. [00:15:52] S1: Delete some tweets. Potentially. This is, of course, the song from the w... Is it actually in the WWE documentary or is it just overlay... [00:16:02] S0: I think it's just become a meme. Okay. Well... Wonderful wonderful song called Maintaining Love. [00:16:08] S1: Yeah. That's gonna go in the heavy rotation. I've been listening to more and more meme core on Spotify. I got Queen Street Full. Heavy rotation. [00:16:16] S0: Full brain rock. [00:16:16] S1: Brain rock. It's great. Let me tell you about Cisco. Data infrastructure for the AI era, unlock seamless real time experiences and new value with Cisco. Ben says NVIDIA mixed bag almost certainly a short term loser. Fewer data centers mean fewer NVIDIA chips. But the long term bull case for NVIDIA is that if there's a set amount of data centers that exist and then you can't build them anymore, you have to get the most tokens per watt you need to be... The most efficient chip. Yeah. He has a he has a phrase for that. I forget what it's called. It's it's something good here making this point. ISO power means that power is the constraint. And so you already have power going to a building but you're running some older technology, some older chips. There's now more of an incentive to upgrade those to the latest and greatest to get the most out of a particular power envelope. So...
00:16:16 · John Coogan, Jordi Hays, Derek Blasberg, Apoorva Mehta
[00:16:16] S1: Brain rock. It's great. Let me tell you about Cisco. Data infrastructure for the AI era, unlock seamless real time experiences and new value with Cisco. Ben says NVIDIA mixed bag almost certainly a short term loser. Fewer data centers mean fewer NVIDIA chips. But the long term bull case for NVIDIA is that if there's a set amount of data centers that exist and then you can't build them anymore, you have to get the most tokens per watt you need to be... The most efficient chip. Yeah. He has a he has a phrase for that. I forget what it's called. It's it's something good here making this point. ISO power means that power is the constraint. And so you already have power going to a building but you're running some older technology, some older chips. There's now more of an incentive to upgrade those to the latest and greatest to get the most out of a particular power envelope. So... [00:17:10] S0: Here's a real mask off moment Mhmm. From Harley over at Shopify. Oh, yeah. He said, you know, US voters just rejected data centers everywhere they got the chance. That investment has to land somewhere. Clean hydro, open land, cold winters. That's Canada. This is a massive opportunity for us. Generational. [00:17:31] S1: Oh, so he's saying the data centers will go there. [00:17:33] S4: Yeah. Yeah. [00:17:33] S0: Yeah. He's hope he's hope... [00:17:34] S1: I thought it was just the dollars would fund... Would would flow into [00:17:37] S3: No.
00:17:37 · Apoorva Mehta, Jordi Hays, John Coogan
[00:17:37] S3: No. [00:17:37] S0: No. No. And I and I'm Of course of course, he's proudly Yeah. Based in in Canada. Matt Spokes says tonight Canada was given an opportunity to become the data center capital of North America. This is how Canada wins in AI. [00:17:50] S1: I love it. Go get it. Seems like there's lots of lots of room up there. I don't know. You need the infrastructure, but it's probably easier with cooling and plenty of energy. So for sure, do it. The fifth point from Ben Thompson, advantage China. So China is in the inverse scenario. The country has plenty of power, the ability to build a lot more. They don't have leading edge chips, but they've been investing in that. And I think this is the this is the the broader discussion that will emerge is, okay, if we actually slow down our build, how real is the competition with China? It's been something that's been sort of the like a... It's been fear mongered about a little bit in the AI debate. Lot of AI can can't we just slow down? If we're worried about capabilities, if we're worried about AI safety, can't we just slow down? All of those devolve into, well, we'll lose to China. China won't catch up. We're now approaching that scenario, but we'll see what happens on the other side and and how we actually react to this and and and how much the build out actually slows down. Like it could be just, okay, we got to build in different states. We got to build in some other some other areas. There's nothing that really changes in terms of...
00:19:04 · Jordi Hays, John Coogan
[00:19:04] S0: Yeah, Tate, take him shared some highlights. He says, re Texas governor election. Let's take a deep breath. Can we all take a deep breath? If companies ask for no subsidies, promise a ton of union jobs, and guarantee that water and electricity costs won't rise, plus add supply, data centers can be built under her governorship. This is directly from Gina's website. Hinojosa outlined her Texans for data center priorities for the next legislative session, which Abbott could call today, requiring American Union jobs, giving Texans a seat at the table to decide if and how data centers come to their communities, creating. And again, like, I think that there's there's clearly a lot of reasons why a data center... Why a community would want. Like, look at places like Midland where you land in Midland and you're just like in the middle of the middle of nowhere, but there's oil fields and there's billions of dollars of wealth creation and there's like, you know, kind of rough but amazingly well paying jobs. Mhmm. And it's it's probably a trade that certain communities would make again Yeah. In a different context. [00:20:12] S1: Elon is is taking the victory lap, I guess, saying data centers in space looking pretty appealing right now. He's like, it was all part of the plan. [00:20:22] S0: He's probably thinking space is seems pretty appealing for me right [00:20:26] S1: now. Exactly. But you know you know who else might benefit in a in a in a build out freeze on... In America on land? Panthalassa. Remember that company? [00:20:39] S0: Oh, yeah.