Power, not chip quality, is the AI edge

Jay Pelosky is the founder of TPW Advisory. He has over 35 years of buy-side and sell-side financial market experience. Before going independent, Jay was at Morgan Stanley, where he was ranked #1 by Institutional Investor in Global Equity Strategy and Global Asset Allocation Strategy. In this podcast, we discuss:

1. Tripolar World (TPW) - regional integration in Asia, Europe, and Americas.
2. Global growth long cycle driven by spending on AI, defense, and climate across regions.
3. China-US AI competition
4. The shift from chip quality to power costs as the key AI competitive advantage.
5. Brazil and Spain's clean energy plays
6. Why 2025 is not like the 2000 dotcom bubble
7. Private credit opportunities
8. Attractive China tech valuations
9. China's five-year plan
10. Europe's potential
11. Countries pressuring institutions to invest domestically rather than in US markets.