Speaker 1: Bloomberg Audio Studios, podcasts, radio news, Single Best Idea it's
Speaker 1: on an Apple podcast. Thank you for your interest in
Speaker 1: the single Best Idea, subscribing to it and out on
Speaker 1: LinkedIn and Twitter's where I'm telling you about it each
Speaker 1: and every day. Thank you to Elizabeth Economy yesterday. That
Speaker 1: was just a brilliant, brilliant interview I put out on
Speaker 1: LinkedIn and Twitter today her important essay from Foreign Affairs
Speaker 1: magazine on China. It is blistering about the path forward
Speaker 1: for the United States, and we heard some of that.
Speaker 1: You go back, you know, if you subscribe, you go
Speaker 1: back and you can see previous interviews. If you choose
Speaker 1: today is interesting and it was such a joy to
Speaker 1: always and forever bring in the gentleman from bear Stearns.
Speaker 1: David Malpass was it bear Stearns head of Economics with
Speaker 1: John Writing, and David Malpass wrote brilliantly the word that
Speaker 1: I always subscribe to him as fast. Whenever he's talking
Speaker 1: about economic dynamics, he'll talk about fast the movements that
Speaker 1: are out there. And he's gone on to great acclaim,
Speaker 1: of course, running the World Bank for a tour of duty.
Speaker 1: Now he's a private citizen and he joined us in
Speaker 1: the studio today and he's really on fire at any
Speaker 1: number of topics. And then he started, you know, bad
Speaker 1: mouthing where he lives. I mean, okay, you know it's
Speaker 1: we all do that except David Malpass. He lives in Washington.
Speaker 1: And here's David Malpass on his swamp.
Speaker 2: So Washington is a swamp. The parts, all the parts
Speaker 2: work together to make Washington bigger and more profitable. That's
Speaker 2: a risk. And the World Bank is part of that.
Speaker 2: It's headquartered and centered in Washington. One thing I learned,
Speaker 2: Tom was how hard it is to get any other
Speaker 2: country to do the right thing. It's just as hard
Speaker 2: outside the US as in the US. So if you
Speaker 2: take Nigeria, why is this oil rich country so poor?
Speaker 2: They've got a huge, extreme poverty rate. Why is that
Speaker 2: because the government takes all the profits from oil and
Speaker 2: wastes it.
Speaker 1: David Meltpass, the former president of the World Bank. I
Speaker 1: walked in this morning, Eric, who drives all of our coverage.
Speaker 1: He said to me, Tom, I got a memo they
Speaker 1: want you to say. It's in Vidia day. And Paul
Speaker 1: and I just revolted. I mean, we had tantrums our
Speaker 1: lawyers were brought in. You know, we're just not going
Speaker 1: to do it. There's jobs day, there's CPI Day. And
Speaker 1: then Sparta sat me down and said, you'll love saying
Speaker 1: Nvidia Day. So we said Nvidia Day all morning, and
Speaker 1: so you got Nvidia coming out this afternoon. Look for that.
Speaker 1: I'm Bloomberg Radio on YouTube worldwide on Apple car Play
Speaker 1: with Carol and Tim O full coverage. You don't have
Speaker 1: lots of experts on the expert for us as a
Speaker 1: guy driver the franchise at Bloomberg Technology, Edward Ludlow coming
Speaker 1: off is big conversation with Michael dell Jensen. Is it
Speaker 1: wang is waying Wang Wang? Okay, I don't even know
Speaker 1: how to pronounce the CEO, the good CEO of in
Speaker 1: Vidia's name. I'm sorry for that. I'll work on that
Speaker 1: for tomorrow. But the bottom line is Ludlow's connected. Besides that,
Speaker 1: he wears the shoes of the white souls here from
Speaker 1: Bloomberg Technology on in Nvidia, Ed Ludlow.
Speaker 3: This simplest explanation is just to do the numbers as
Speaker 3: we have them for twenty twenty four, So in Vidio
Speaker 3: will sell forty billion dollars worth of high performance GPUs
Speaker 3: or AI accelerators. This year, AMD has raised its forecast
Speaker 3: to say it will sell four point five billion dollars,
Speaker 3: so ten x less, and Intel's nowhere to be seen.
Speaker 3: They might do five hundred million. And that is why
Speaker 3: we define this afternoon's earnings report as the mum of
Speaker 3: all earnings, the most important stock in the planet Goldman
Speaker 3: in February. It is the be all and end all
Speaker 3: of this earning season. And it's you know, it's more
Speaker 3: than five percent in waiting terms of the S and
Speaker 3: P five hundred, So brace for a macro event at.
Speaker 1: Ludlow Ninnvidio will brace for that. I have an opinion
Speaker 1: it's about as useless as anything else. I have an opinion.
Speaker 1: I really have no clue. I really don't understand it.
Speaker 1: Full disclosure. I'm not sure I understand the future of AI.
Speaker 1: I've got lots of people telling me AI is this
Speaker 1: AI is that. I'm like, well, okay, I'm waiting. I've
Speaker 1: got a good source that says, you know, computer programming
Speaker 1: chat GPT. I would not if you handed it to me,
Speaker 1: but they say, you know it works in computer program
Speaker 1: I mean, it's really revolutionary, and there's a lot of believers,
Speaker 1: and we'll see that with all the worker doing here
Speaker 1: on in Vidia Day social announcement, you're warned out on
Speaker 1: live chat on YouTube now Lisa Mateo. It immediately brightens
Speaker 1: up our feed. Look for that on YouTube. Search Bloomberg Podcasts,
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