Sarah Friar

It seems that this is a king, this is a monarch, this is a palace that wants to use its leverage to bring these executives together to see if there's some kind of consensus that can be formed.

And Bloomberg's Tom Mackenzie in Glasgow says NVIDIA CEO Jensen Huang, OpenAI's Chief Financial Officer Sarah Friar, and Google DeepMind co-founder Demis Hassabis are attending the event.

And here in the U.S., Karen, OpenAI CEO Sam Altman will be on the guest list when President Trump hosts China's Xi Jinping for a White House state dinner next week.

OpenAI confirmed that to Bloomberg News, and a source says former Apple CEO Tim Cook will be there as well, along with NVIDIA's Jensen Huang.

That's Nvidia's Jensen Huang, and we get more from Bloomberg Tech host Ed Ludlow.

In the room is, is Jensen Huang, the C- CEO of Nvidia, Sarah Friar, the CFO of, of OpenAI, and Demis Hassabis of, of Google DeepMind, who's been sort of kicked up into the executive chair role.

And, like, when King Charles does these meetings, um, through, through his foundation, they're largely symbolic, right? But, you know, his message to, to those leaders is, "Don't let AI get out of control." Um, you know, and, and its proximity to the events of the last seven days and his ability to get those key people in the room, um, really important.

Bloomberg's Ed Ludlow reports Nvidia's Jensen Huang also said he expects to double chip sales next year compared to this year.

Mm-hmm.

Uh, OpenAI's CFO, Sarah Friar, will be there.

And Alphabet's, uh, DeepMind, Google DeepMind's Demis Hassabis, of course, will be m- flying out-

Mm

It seems that this is a king, this is a monarch, this is a palace that wants to use its leverage to bring these executives together to see if there's some kind of consensus that can be formed.

And Bloomberg's Tom Mackenzie in Glasgow says NVIDIA CEO Jensen Huang, OpenAI's Chief Financial Officer Sarah Friar, and Google DeepMind founder Demis Hassabis are attending the event.

Well, here in the U.S., Karen, OpenAI CEO Sam Altman is on the guest list when President Trump hosts China's Xi Jinping for a White House state dinner next week.

OpenAI confirmed that to Bloomberg News.

It seems that this is a king, this is a monarch, this is a palace that wants to use its leverage to bring these executives together to see if there's some kind of consensus that can be formed.

And Bloomberg's Tom Mackenzie in Glasgow says NVIDIA CEO Jensen Huang, OpenAI's Chief Financial Officer Sarah Friar, and Google DeepMind co-founder Demis Hassabis are attending the event.

And here in the U.S., Karen, OpenAI CEO Sam Altman will be on the guest list when President Trump hosts China's Xi Jinping for a White House state dinner next week.

OpenAI confirmed that to Bloomberg News, and a source says former Apple CEO Tim Cook will be there as well, along with NVIDIA's Jensen Huang.

Oh, the 10-year.

Sarah Friar-

I forgot, the 10-year.

Yeah.

All the '90s.

Jim, we're so, we're so glad you're, you're out there, uh, really in, in the, in the thick of where the conversation, uh, is its most acute.

Um, again, Sarah Friar you talked to today.

You've got Jensen tonight.

Warden does not dispute the cyclicality of the chip business, but believes earnings and margins will prove heartier than many investors fear.

Just this past Tuesday, for instance, OpenAI CFO Sarah Friar noted that the company would be doing more if it had access to more compute.

Warden argues that chip companies are set to, quote, "Generate a lot of cash flow and buy back a lot of their stock, which is very accretive to long-term shareholders." Unquote.

Thomas Martin, senior portfolio manager at Globalt Investments, agrees with the sustainability point, but is only slightly overweight the group because of its substantial volatility.