Speaker 1: Bloomberg Audio Studios, podcasts, radio news. I would call it
Speaker 1: all arms of the AI supply chain or market. Gavid
Speaker 1: here and the three CEOs just on stage together moments ago.
Speaker 1: Our host is Michael Dell, CEO and chairman of Dell
Speaker 1: and a company celebrating forty years as well at this event,
Speaker 1: and Video CEO Jensen Wang, it's good to see you.
Speaker 1: And Bill McDermott, chairman and CEO of Service.
Speaker 2: Now.
Speaker 1: I think it's probably sensible to ask, is this the
Speaker 1: first time that the three of you have actually been
Speaker 1: in the same room at the same time. And Michael,
Speaker 1: to you as our host, why the three of you
Speaker 1: in the same room at the same time.
Speaker 3: Well, you know, the technologies world, we love to bring
Speaker 3: our customers and partners together and talk about what's new
Speaker 3: and what's exciting, and you know, this AI opportunity is
Speaker 3: really tremendous and we can never do anything by ourselves.
Speaker 4: But this is a great example.
Speaker 3: Of how you have an ecosystem of companies coming together
Speaker 3: along with all these incredible innovations in GPUs and compute
Speaker 3: storage and networking and all the AI models and software
Speaker 3: companies that are utilizing all this power and it's causing
Speaker 3: a new industrial revolution.
Speaker 1: There are five things that I would like to talk about.
Speaker 1: The first being the relationship between the three of you
Speaker 1: and your companies, how you work together. The second being
Speaker 1: AI infrastructure, how durable. What's happening is AIPC. You know,
Speaker 1: you've been talking about AIPC on social media for some time,
Speaker 1: and officially of course as well US leadership. You know,
Speaker 1: I reflect that I have three American CEOs that around me,
Speaker 1: all pulling towards the same sort of goal. And finally,
Speaker 1: increasingly people ask me to ask you about power and
Speaker 1: energy consumption and whether we should start talking about that.
Speaker 1: But really, gents, and the origin of this, and one
Speaker 1: of the reasons I wanted to have the conversation is GtC.
Speaker 1: I'm paraphrasing, but you said, basically, there is no one
Speaker 1: better end to end systems at scale than Dell. You
Speaker 1: basically said, if you want a server, you phone Michael Dell.
Speaker 1: But why, specifically, how is it that Nvidia interacts with
Speaker 1: that part of Michael's business.
Speaker 5: Well, this is a.
Speaker 6: Really important time where we've re engineered and reinvented every
Speaker 6: layer of computing, from the chip to the operating system
Speaker 6: to the system servers to the way that these data
Speaker 6: centers are put together.
Speaker 5: There's only one company in the world that.
Speaker 6: Can have the ability to build the computing system, the
Speaker 6: storage system, the networking system, all of the software that
Speaker 6: goes along with it, and the path to the world's enterprise.
Speaker 6: We want to bring this generative AI capability to every
Speaker 6: company in the world, and some of them can use
Speaker 6: it in the cloud, but many of the application still
Speaker 6: has to be done on prem and so in order
Speaker 6: for us to bring them into the generative AI revolution,
Speaker 6: we're going to have to go through a partner that
Speaker 6: can help us take this completely new reinvention of a.
Speaker 5: Computer the data center.
Speaker 6: These AI factories can help every customer have a you know.
Speaker 1: Just reimportate Tensen. Yeah, on prem is back just really quick?
Speaker 1: Yes or no?
Speaker 5: On prem never left? Okay, but on prem never left.
Speaker 5: But on prem is on prem is you know, on
Speaker 5: prem is cool again?
Speaker 1: On prem is cool again. Save that thought.
Speaker 5: Bill.
Speaker 1: You've been a software CEO for quite a long time.
Speaker 5: You know, I knew you.
Speaker 1: At SAP now at Service Now have you ever had
Speaker 1: to have such a focus on the minut share of
Speaker 1: a semiconductor company, a server company. Have you ever had
Speaker 1: to worry as much about the OEM and the chip
Speaker 1: maker that underpin what you're trying to do well.
Speaker 2: I think Michael Dell and Jensen Wong are at the
Speaker 2: epicenter of the AI revolution. This is enabling Service now
Speaker 2: to be what I dreamt it would be, the defining
Speaker 2: enterprise software company the twenty first century. We run our
Speaker 2: whole cloud on Dell Technologies, and that's a big deal
Speaker 2: because we're talking about four billion workflows and four trillion
Speaker 2: digital transactions on that platform, running a million business processes
Speaker 2: around the world. With Jensen, we were the first enterprise
Speaker 2: company to recognize the greatness of Nvidia, and we began
Speaker 2: building large language models with Jensen five years ago. We
Speaker 2: have completely standardized on Nvidia in our company, the whole stack,
Speaker 2: and we're taking that to market with both of these
Speaker 2: men for a couple of reasons. One, they're great human
Speaker 2: beings and great leaders, and it's an honor to be
Speaker 2: here with them today and to team up with them.
Speaker 2: And two, we keep our promises. And I think customers
Speaker 2: today when.
Speaker 1: They're betting the we were doing business with them when frankly,
Speaker 1: all of this wasn't sexy totally.
Speaker 2: Now It is totally Actually, that's one hundred percent true,
Speaker 2: and we'll always be doing business with them because trust
Speaker 2: is the ultimate human currency, and we trust them with
Speaker 2: our lives.
Speaker 1: This is all very nice, and I'm very grateful and
Speaker 1: honored almost to be here with the three of you.
Speaker 1: That there's a contradiction though that markets are often built
Speaker 1: on choice. Choice, Foster's competition. Competition is the mother of innovation.
Speaker 1: So the saying goes I had the Core Weave CEO
Speaker 1: on my show on Friday, and he was briefly honest
Speaker 1: about it. They look at other silicon, they benchmark, they
Speaker 1: look at how it might work within their system. But
Speaker 1: the reality that he painted to me, Michael is that
Speaker 1: their clients and customers demand in video, so they give
Speaker 1: them video. Would you say that Dell is in the
Speaker 1: same situation.
Speaker 4: Yeah, And we do work a lot of Coral.
Speaker 7: We've so you know, we know about their use case.
Speaker 3: And look, I think the reason that Bill's partner call
Speaker 3: with Nvidia and we and really you know, in videos
Speaker 3: in a leadership position is because they've out engineered other
Speaker 3: folks and they've built a set of capabilities, including software
Speaker 3: over many decades that has prepared for this opportunity.
Speaker 4: But you know you talked about on prem The other.
Speaker 3: Aspect of this is the edge, right, the physical world,
Speaker 3: the PC, the factory floor, you know, all the retail stores.
Speaker 3: AI is going to be everywhere, and you know, having
Speaker 3: that sort of entire ecosystem of capabilities, that's ultimately what's
Speaker 3: going to drive success.
Speaker 4: But you know, the video is in a great position.
Speaker 3: Jensen has done a fabulous job bringing the world the
Speaker 3: most innovative accelerated computing solutions.
Speaker 1: Could you define for US AI factory what is an
Speaker 1: AI factory?
Speaker 4: Sure?
Speaker 3: So an AI factor is really a supply chain that
Speaker 3: creates intelligence. So if you think about a traditional factory, right,
Speaker 3: you've got all these ingredients that we know a lot.
Speaker 7: About supply chains. It's kind of what we do.
Speaker 3: But think about it as a supply chain to create
Speaker 3: intelligence inside your company.
Speaker 7: And to do that, it all starts with data.
Speaker 5: Right.
Speaker 4: If you have no data, you have no AI.
Speaker 5: Right.
Speaker 4: If you have bad data, you have bad AI. So
Speaker 4: you've got to organize your data.
Speaker 3: It's something we know a lot about because data equals storage,
Speaker 3: and we store more data than anybody in the world.
Speaker 3: So you start with the data and then you know
Speaker 3: you get into the ecosystem of all the software and
Speaker 3: the models that you're hearing about, the small and large models,
Speaker 3: the retrieval augmented generation. Of course, it's not just GPUs,
Speaker 3: it's also the networking and storage and the memory that
Speaker 3: come together.
Speaker 1: I don't know if and knows this, but you talk
Speaker 1: a lot about H one hundred is not just a
Speaker 1: chip you hold in your hand. In reality, it's DGX, right, HGX.
Speaker 1: Your staff are probably very nervous over your shoulder, but
Speaker 1: they've let me play with let's say DGX, do a
Speaker 1: deadlift with it to illustrate the points.
Speaker 5: Eighty pounds, thirty eighty pounds.
Speaker 1: Thank you. But that's the scale of what we're talking about. Still,
Speaker 1: the AI market that I see is you selling H
Speaker 1: one hundred in DJX form to the hyperscalers. And I'm
Speaker 1: not yet seeing the AI factory that's going to the
Speaker 1: SME or the enterprise customer. When does that really happen?
Speaker 6: And why today's announcement is such a big deal an
Speaker 6: lots here.
Speaker 5: I'm here to announce.
Speaker 6: This Dell AI factory with Nvidia going to market starting today.
Speaker 5: In order to do this, just think about what an AI.
Speaker 6: Factory is it has CPUs and GPUs, it has networking switches,
Speaker 6: incredible amounts of software in systems connected to storage, and
Speaker 6: the miles of the miles of cables alone necessary to
Speaker 6: build up one of these things. Well, we you know,
Speaker 6: Michael turned it into an easy bit and so that
Speaker 6: just just just as Dell did early days with PCs,
Speaker 6: they're now doing this with AI factories so that any
Speaker 6: company can come to Dell and with a specification or
Speaker 6: the requirement, they could get into the business of producing
Speaker 6: And this is the big idea of producing intelligence at scale.
Speaker 4: Buildings at buyers.
Speaker 3: It's actually already happening. And you know, companies like Service
Speaker 3: now had the.
Speaker 4: Engineering resources to sort of build their.
Speaker 7: Own with our help and capability.
Speaker 3: But now we're already doing this with hundreds of enterprise companies.
Speaker 3: And there's also some services that go into this because
Speaker 3: it's a new thing, it's a new architecture and you
Speaker 3: saw us announce new capabilities today around storage and networking.
Speaker 7: Again, it's this.
Speaker 3: Whole solution and we've created the easy buttons so the
Speaker 3: enterprise just can kind of quickly implement and deploy these tools.
Speaker 1: You can think about it through the lens of your
Speaker 1: customers that are themselves enterprise companies, probably of smaller size.
Speaker 1: Do you think that they are ready for this AI
Speaker 1: factory investment that they're going to have to make.
Speaker 5: Is I know they are?
Speaker 2: You know, last week, for example, I had the pleasure
Speaker 2: of being with Microsoft and Satia and what they're doing
Speaker 2: on Copilot as an example, is something that every CEO
Speaker 2: is well aware of what.
Speaker 5: They're being and small, big and small.
Speaker 2: And we build our own domain specific models on the
Speaker 2: service now platform. Why does that matter because we're really
Speaker 2: focused on experiences. There's an eleven trillion dollar market in
Speaker 2: terms of GDP impact over the next three years according
Speaker 2: to IDC. That is how we're going to help the
Speaker 2: world economy improve. Companies like Dell Technologies and Nvidia.
Speaker 5: And service Now.
Speaker 2: Yes, but I also acknowledge your point. We have to
Speaker 2: be open and for example, we have great partnership with Microsoft.
Speaker 2: They're not in the room right now, but they're a
Speaker 2: great partner. You talk about them when they're not in
Speaker 2: a room, because that's very important to our customers. To
Speaker 2: have the Copilot and to have the Now assist we're
Speaker 2: reinventing industries with Jensen telecommunications was our first. You think
Speaker 2: about the networking path of a telco company, think about
Speaker 2: service management, think about Dell now would now assist and
Speaker 2: what we can do to combine that with Michael's incredible technologies.
Speaker 2: Every company in the world, and every workflow for every
Speaker 2: company in every industry will be re engineered in twenty
Speaker 2: four months.
Speaker 1: This is a tsunami.
Speaker 2: This is a tsunami of change, and only the smart
Speaker 2: ones are going to recognize. I have to plant the
Speaker 2: flag now. Whether the story is complete or not, it's
Speaker 2: not the issue. The train has moved out. It's on
Speaker 2: the fly.
Speaker 1: So you made this analogy. I think you're channelling Jensen.
Speaker 1: But the idea is that when you stand at the platform,
Speaker 1: the train goes by fast. If you're on the train,
Speaker 1: it doesn't feel fast. I want to extrapolate out there's
Speaker 1: something that Michael Dell is very good at, if you
Speaker 1: don't mind me saying, Michael, which is selling to businesses
Speaker 1: the public sector, probably in places Jensen that you don't
Speaker 1: have experience in. Probably given the mainstave of businesses, the hyperscalers,
Speaker 1: do you believe that Michael Dell will convince those businesses
Speaker 1: to get on the train, no.
Speaker 5: Question about it, and do you need him to. Absolutely.
Speaker 6: We've been partnering with Michael for coming up on three
Speaker 6: decades to reach the world's markets. In the old days,
Speaker 6: one of the first things that we worked on was
Speaker 6: PCs for gamers, and then PCs for industrial designers and
Speaker 6: car designers and so on.
Speaker 5: And so forth. We're able to reach.
Speaker 6: The world's enterprise through our partnership with Michael and partnership
Speaker 6: with Dell. And the thing that's really really extraordinary this
Speaker 6: time is that it's not about just delivering a box.
Speaker 6: It's about delivering an entire infrastructure. And that entire infrastructure
Speaker 6: is insanely complex. The last thirty years, both of our
Speaker 6: companies have changed a lot, and this this this he
Speaker 6: said it early that everything that we've done is been
Speaker 6: the perfect preparation for today. If you want to help,
Speaker 6: if you want somebody to help you build an entire
Speaker 6: AI infrastructure, call.
Speaker 5: Dell and they'll come in.
Speaker 6: Not only do they have all the solutions and all
Speaker 6: the technologies, but they'll also have the professional services to
Speaker 6: help you stand it up and put it to work.
Speaker 6: And so we're working with Michael and Dell across everything
Speaker 6: from from CPUs, the GPUs, then they're working the software
Speaker 6: across the entire stack. Now, one of the things that
Speaker 6: that it's so fun listening to Bill, I just sit
Speaker 6: here and just lay back. But you know they've built
Speaker 6: they were early in recognizing the enormous transformative capability of
Speaker 6: generative AI service. Now used to be a platform of tools,
Speaker 6: Now they're going to be a platform of tools and
Speaker 6: agents that help you use those tools. They're sitting on
Speaker 6: a gold mine of opportunities so that we could have
Speaker 6: not just the tools to use to run our companies,
Speaker 6: we're going to have an AI operating system to run
Speaker 6: all of our companies with all the agents necessary to help.
Speaker 5: Us do that.
Speaker 1: The next level down is the AIPC. It is here
Speaker 1: according to today's announcements. Yes, I don't really even know
Speaker 1: where to start. You know, is the AIPC for the
Speaker 1: knowledge worker or is it for every human around the world.
Speaker 1: In the first instance.
Speaker 3: You know, every time you have a new way of technology,
Speaker 3: you got kind of the early adopters and at some point,
Speaker 3: you know, you inflect where there are mainstream use cases
Speaker 3: And what's really going on right now inside companies is
Speaker 3: you had this incredible surge in buying PCs about four
Speaker 3: years ago with.
Speaker 1: The pandemic that was COVID relates right, yes, and there was.
Speaker 3: An enormous you know, we have the biggest installed base
Speaker 3: ever and so now these organizations are getting ready to
Speaker 3: replace those older machines and they're thinking, Wow, this AI thing,
Speaker 3: maybe there's something to it.
Speaker 1: Right that go duaranting there. If you take Bill's position,
Speaker 1: for example, he's made all the infrastructure investment and probably
Speaker 1: software and talent investment, and now he's thinking, Okay, I've
Speaker 1: got to deck out my twenty four thousand staff around
Speaker 1: the world with AIPCS.
Speaker 5: Is that fat one hundred percent? And we can't wait
Speaker 5: to do it. We're ready, We're ready to go.
Speaker 2: The other thing you got to remember, too, is the
Speaker 2: enterprise is a total mess.
Speaker 5: You said that on something Explain what's happening?
Speaker 2: You're an industry was a week about exactly. But the
Speaker 2: industry is very good at what it does. So for
Speaker 2: fifty years a half a century, everybody sold into an
Speaker 2: individual buying center or a silo finance, HR sales development.
Speaker 2: So now what you have is an unintegrated enterprise. So
Speaker 2: if you're a CEO right now, you're looking down to
Speaker 2: use AI. You're like, well, wait a minute. My people
Speaker 2: are swivel chairing between seventeen applications a day, costing them
Speaker 2: almost one third of productivity.
Speaker 1: Why why do you need change?
Speaker 2: Because you can, And a lot of them don't know
Speaker 2: that it is one single device.
Speaker 1: I'm talking about a laptop or a desktop. No, but
Speaker 1: let me explain that.
Speaker 2: Let me explain it's not about a laptop or a desktop.
Speaker 5: It's about integration.
Speaker 2: Eighty five percent of the projects today in digital transformation
Speaker 2: failed to deliver an ROI for one single reason, integration.
Speaker 2: So we are that, as aid Jensen would say, the
Speaker 2: AI operating system for the enterprise that integrates the past
Speaker 2: but invents the future. So Nvidia, Dell Technologies the other future.
Speaker 2: We all have to still integrate the past. Jensen even
Speaker 2: said on premise is school again. So what companies have
Speaker 2: to do is enable AI, but you have to do
Speaker 2: it by dealing with the past also, and I think simultaneously,
Speaker 2: if I was in a CEO's situation and not work
Speaker 2: in the service, now I'd have a copilot, I'd have
Speaker 2: now assist, I'd have the Nvidia stack running everything, and
Speaker 2: I'd be using Dell technology of course to the enterprise,
Speaker 2: and you know what I'm doing that.
Speaker 1: You are doing it. But I grew up with Dell computers, right,
Speaker 1: and I'm talking about me playing Age of Empires cd
Speaker 1: ROM that Dell computer. Right, convince me and millions of
Speaker 1: people around the world that they have a place for
Speaker 1: the AIPC in their lives. You had five models, right,
Speaker 1: and that's quite a lot of choice for first gen
Speaker 1: of a nascent technology.
Speaker 4: All our new PCs will be aipc's right.
Speaker 3: And the reason is that anything that you're doing that
Speaker 3: hasn't edit prompt is going to be sped up because
Speaker 3: every software developer in the world is figuring out how
Speaker 3: to use all this new power in the GPUs and
Speaker 3: the NPUs in these new aipcs.
Speaker 1: Serial processing units for the.
Speaker 4: Exactly so that experience will be better.
Speaker 3: So when your PC is now four years old, it's
Speaker 3: time for you to get a new one, right, You're
Speaker 3: going to want the one that speeds up those new capabilities.
Speaker 7: And inside your company, they're gonna want to make sure.
Speaker 3: You have that that you know, they don't want to
Speaker 3: buy a machine that's gonna last for several years that
Speaker 3: doesn't have.
Speaker 1: That capability Jensen, whereas Nvidia's placed in the AIPC. I
Speaker 1: know you is gaming. That's again I grew up with
Speaker 1: the gaming side of Nvidia. Do you have a place
Speaker 1: in the AIPC market.
Speaker 4: Come back next year.
Speaker 5: There's exactly.
Speaker 6: There are a bunch of bunch of video GPUs and
Speaker 6: del PCs, del workstations. All of our GPUs have the
Speaker 6: same tensor cores that are running in h one hundreds
Speaker 6: in the cloud, and so every one of our GPUs
Speaker 6: use AI to do its work.
Speaker 5: AI of course is going to transform gaming.
Speaker 6: All the NPCs, the non player characters, they're going to
Speaker 6: be checked by.
Speaker 1: That's been time. How it will be cut For example.
Speaker 5: Creating world is going to be easier.
Speaker 6: Instead of instruction driven computing, it's now intention driven computing.
Speaker 6: So it's easier to write programs. Python programs will be
Speaker 6: even easier to write. Video conferencing will be a lot
Speaker 6: better because of it.
Speaker 1: But what you did with Blackwell and other products, is
Speaker 1: you innovated by saying, okay, let's combine GPU is CPU.
Speaker 1: Is that the next itseration for you in AI PC?
Speaker 1: You go, okay, here's the Nvidia CPU that goes with it.
Speaker 6: We want to support every CPU the world makes. And
Speaker 6: there are places that one x eighty six, we support
Speaker 6: x eighty six. There are places that prefer ARM, We
Speaker 6: support ARM. We just went to i C and the
Speaker 6: top most energy efficient supercomputers in the world are now
Speaker 6: powered by Grace Hoppers, And so wherever it makes sense,
Speaker 6: we'll support the right CPUs, but we'll support every CPU.
Speaker 1: Let's talk about the US leadership side of this. With
Speaker 1: three American CEOs, is that news frankly in and of
Speaker 1: itself that across all parts of the supply chain, they
Speaker 1: are American companies that are leading. Michael Dell, I'm not.
Speaker 3: Really sure that it's news because it's been uh, you know,
Speaker 3: the US has been has been leading UH in innovation
Speaker 3: for for quite some time.
Speaker 4: But it's certainly a great thing.
Speaker 3: For for UH, for the United States and and the
Speaker 3: US economy to have, you know, great companies like Nvidia,
Speaker 3: Service Now and Microsoft you know here in you know,
Speaker 3: driving innovations, driving productivity and efficiency, and you know, the
Speaker 3: world requires these new technologies to enable everything.
Speaker 1: You talked on stage about your your experience and the
Speaker 1: supply chain, your global experience of doing business. But do
Speaker 1: you see the same investment in Europe, Latin America, Southeast Asia,
Speaker 1: as you do in the United States, and both the
Speaker 1: corporate and public sector side.
Speaker 4: It's coming.
Speaker 3: You know, Jens and I spent a lot of time
Speaker 3: talking about this and how it's expanding out. And you
Speaker 3: know we're seeing You saw an example from South Korea
Speaker 3: on stage, yes, right, with Samsung Sung. You see this
Speaker 3: in the Middle East, you see it in sovereign AIS
Speaker 3: that are being built up. And you know, for our
Speaker 3: country to encapsulate its own culture, language, and beliefs, that's
Speaker 3: happening in every country in the world.
Speaker 1: Which esid you and I've discussed sovereign AI in the past.
Speaker 1: You know some recent US being Japan as an example.
Speaker 1: But I go back to my same question about the
Speaker 1: durability of this market moving beyond the hyperscalas to see
Speaker 1: big commitments at the nation state level. Again, is today's
Speaker 1: news and indication that that happens because of AI factories
Speaker 1: or are they running two separate paths.
Speaker 6: No country can afford to outsource its intelligence on first principles,
Speaker 6: every country has its native natural resource called its language,
Speaker 6: it's culture, it's intelligence.
Speaker 5: And now people realize.
Speaker 6: That because their country's data is part of their natural resource,
Speaker 6: not just the copper, minds and the gold, or know,
Speaker 6: the lithium or whatever it is. It's also part the
Speaker 6: data is also part of their natural resource. And they
Speaker 6: have to make sure that they harness that natural resource
Speaker 6: and translated transferred into artificial intelligence. And where to do that,
Speaker 6: they need AI factories in every single country. It's also
Speaker 6: the case that many countries have excess.
Speaker 1: Power, you mean energy energy.
Speaker 6: Excess energy, and so that excess energy how to be
Speaker 6: transferred translated into intelligence. And this new industry, this industry
Speaker 6: of producing intelligence is one.
Speaker 5: Of the greatest opportunities I've ever seen.
Speaker 6: One of the things that you were asking about earlier
Speaker 6: about how quickly AI will be adopted. It is far
Speaker 6: easier to interact with a computer that understands your intention
Speaker 6: what you want because it's intelligent, than it is to
Speaker 6: program the computer one line of instruction at a time.
Speaker 6: The world has very few experts and C plus plus
Speaker 6: and C, but the world has many people who knows
Speaker 6: how to converse and ask somebody for help. And now
Speaker 6: you could interact with a computer in that very natural
Speaker 6: human way.
Speaker 5: Tesla, really yeah, and so we've really lowered the bar.
Speaker 5: Let me ask computer.
Speaker 1: We're running out of time, gentlemen, but Jensen. Overnight we
Speaker 1: had a new Taiwanese president sworn in. You've told me
Speaker 1: your position on China, but you've both talked on stage
Speaker 1: about how global this is. You're still quite dependent on
Speaker 1: TSMC to manufacture your chips. Do you still focus on
Speaker 1: what's happening in Taiwan? What's happening in China? You've been
Speaker 1: very clear about your product cide with China, but still geopolitically,
Speaker 1: US leadership impacts a key market.
Speaker 6: Well, Taiwan is at the epicenter of the world's technology supply.
Speaker 6: Why chain Without Taiwan, it would be very difficult for
Speaker 6: my and I to do our jobs. It would be
Speaker 6: very difficult for us to serve Bill and his company,
Speaker 6: And so the technology industry depends very heavily on Taiwan,
Speaker 6: who continues to for some time.
Speaker 1: Let's end on energy and power. People are conscious about it.
Speaker 1: You know, Bill, we talked about your infrastructure investment, We
Speaker 1: talked about Babe, AIPC upgrade cycle. But your costs did
Speaker 1: it keep you up at night? That's a classic question,
Speaker 1: isn't it.
Speaker 2: Well, I think it's all about the returns that you
Speaker 2: get on the investment. If we weren't expanding our margin
Speaker 2: profile and growing our revenues at a record clip, it
Speaker 2: probably keep me up. But we are because the AI
Speaker 2: revolution is the biggest market we've ever sold into.
Speaker 5: I do want to make a couple points.
Speaker 2: One is it's very important what you started out the
Speaker 2: interview with the openness. So with LM's we have a
Speaker 2: policy where any customer doing their own LLLM or working
Speaker 2: with another large language model, they can bring their own
Speaker 2: to service now and fully integrated into the platform. That
Speaker 2: on the record, because this openness is a key part
Speaker 2: of our overall strategy. What does that matter?
Speaker 5: Because of the globalization effect.
Speaker 2: If you look at Neom, we're doing a smart city
Speaker 2: in the Kingdom of Saudi Arabia. If you look at
Speaker 2: our great brand ambassador Idris Elba, We're now going to
Speaker 2: build a smart city together in Sierra Leone, and all
Speaker 2: over the globe, public sector, private sector, all these industries
Speaker 2: are changing all at once. I gave the Schwartz Group example,
Speaker 2: because they're running a great company in Germany, number one
Speaker 2: retailer in Europe. Everything is being reinvented in that company
Speaker 2: by AI.
Speaker 5: So please know it. This is not like a little thing.
Speaker 2: This is the biggest thing any one of the three
Speaker 2: of us have ever seen in our lifetime.
Speaker 1: That's pretty intense place to end it. Michael Dell Chairman,
Speaker 1: and Coeodell, thank you for hosting us here in Vegas.
Speaker 1: He does want of Nvidia film McDermott of service now.
Speaker 1: Thank you.