The Exchange The Other Chip Names to Own, The Lisa Cook Latest, and Boosting Small Business 8/27/25
Aug 27, 2025
Aaron Levy, co-founder and CEO of Box, joins to discuss the evolving landscape of AI and data management in enterprise settings. He dives into how government investments are reshaping innovation in the tech sector, particularly in defense. Levy highlights the challenges of legacy data systems and the role AI plays in enhancing productivity for small businesses. Additionally, the conversation touches on the implications of increasing nationalism in venture capital and the importance of secure data access amidst rising market dynamics.
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Where AI Profits Are Most Certain
- AI profitability looks more certain in firms with proven application and custom silicon strategies.
- Tom Hancock argues betting on big, proven players and semi-cap ecosystem is key to capture AI returns.
AI Projects Rarely Yield Returns Now
- Many AI experiments fail and only a small share deliver returns today.
- Hancock cites an MIT report saying only about 5% of AI projects generate a return, so backing likely winners matters.
Consider Contrarian AI Plays
- Consider contrarian positions like Accenture that help companies implement AI rather than get displaced by it.
- Hancock recommends Accenture and ASML as underappreciated plays tied to AI deployment and leading-edge chips.