[CAPITAL OF AI] WILL COMPUTE BECOME A GLOBAL RESOURCE?

The discussion centers around supply chain resilience and the impact of AI. Aidan discusses the concentration of chip manufacturing and deployment, emphasizing the need for diversification and sovereign AI initiatives. Bill highlights AMD's efforts to diversify its supply chain and build partnerships globally, driven by the explosive demand for AI chip technology. Gene explains how Wellington is focusing on AI across all aspects of investment, trying to identify sustainable winners and the potential impact on market capitalization. Alex notes SoftBank's bullish stance on AI, investing across various sectors, and acknowledges the exuberance in valuations, while remaining optimistic about market leaders. The speakers also address the energy demands of data centers and the need for efficiency, with AMD focusing on inherent design improvements and setting aggressive energy efficiency goals. The discussion concludes with optimism for global partnerships and progress in trade relations.