Analyzing CapEx Trends and Market Valuations in Tech

Open Source bi-weekly convo w/ Bill Gurley and Brad Gerstner on all things tech, markets, investing & capitalism. This week they discuss Brad’s public market predictions, AI enthusiasm and fears, interest rates, inflation, DOGE, federal budget analysis, big tech capex, scaling inference, Satya Nadella, Jensen Huang, Elon Musk, AI reasoning models, chain of thought,  & more. Enjoy another episode of BG2!

Timestamps:

(00:00) Intro

(02:58) Frontline Ideas for 2025

(07:02) The Bogeyman (Interest Rates and Inflation)

(09:21) Mega Cap Valuations & Expectations

(14:02) Big Tech CapEx

(16:51) Scaling Inference

(20:11) Future of AI

(39:50) Role of Power in AI Development

(42:58) Interest Rates & Economic Growth

(45:11) Federal Spending & DOGE

(54:15) Regulatory Landscape for AI

(01:01:27) Co-opetition in AI

(01:17:06) Reasoning Models & Chain of Thought

Available on Apple, Spotify, www.bg2pod.com

Follow:

Brad Gerstner @altcap

Bill Gurley @bgurley

BG2 Pod @bg2pod https://x.com/BG2Pod