Why AI May Need Bitcoin

I mean, Cathie, I'll start it off with you.

Uh, uh, just because from your perspective, you know...

Actually, two years ago, folks who wanna go to, I believe it was episode two, and we had Paul on with us.

We were talking about Bitcoin and AI.

We were talking about machine-to-machine payments.

We were talking about a number of different things.

One of the areas, you know, from an investor standpoint that I can't grok just yet is, you know, are we looking at this in silos, like Bitcoin, energy, AI, or are we truly looking at this in, in ter- in terms of a convergence right now? Like I mentioned this Buzz platform, which we'll talk about, but I literally don't know which way is up right now, and it's kind of amazing as well as scary, if you will.

Yeah.

You're capturing the sentiment in the equity market.

It's become very unstable, uh, around these convergences.

And, you know, I think last year when Elon Musk, it's probably nine months, uh, I'm gonna say now, he, uh, posted on X, "You know, I think, I think my companies, uh, are converging more than I even expected them to." And then, of course, soon thereafter, SpaceX bought xAI, and now there are rumors of SpaceX buying Tesla so that it's completely integrated back to the chip-- uh, back, uh, into the chip with Terafab.

Uh, so, uh, a- and I think the reason this is feeling so chaotic is because really for the first time, well, in my career, uh, we are seeing a number of S curves hit their inflection points around the same time, and I think that's a big question, though, especially when it comes to robotics.

But, uh, and so you have S curves feeding S curves a- and, you know, leading to the possibility of super exponential growth.

So not just, you know, growth at, like Amazon for twenty-five years at roughly twenty-five percent compound annual rate.

Nobody believed that was possible in the day.

So that's exponential growth.

Super exponential growth is possible as these S curves really feed each other.

And so I think, uh, a lot of the questions out there, uh, are a- a- around, okay, are we ready for prime time, e- e- especially in robotics, uh, and humanoid, humanoid robots, I, I think being the biggest question.

Um, and, uh, that's what we're wrestling with in our brainstorms and our day-to-day meetings.

I'm gonna come back to that one, especially with your experience in Austin at the robotaxi.

Yes.

And I'm gonna come back to everybody, and I'm gonna put my money on Paul, who has a humanoid in their house right now.

[laughs]

But, uh-

The closest I have is a vacuum cleaner, which I advised my wife, we do not buy these robotic vacuum cleaners.

I mean, Cathie, I'll start it off with you.

Uh, uh, just because from your perspective, you know...

Actually, two years ago, folks who wanna go to, I believe it was episode two, and we had Paul on with us.

We were talking about Bitcoin and AI.

We were talking about machine-to-machine payments.

We were talking about a number of different things.

One of the areas, you know, from an investor standpoint that I can't grok just yet is, you know, are we looking at this in silos, like Bitcoin, energy, AI, or are we truly looking at this in, in ter- in terms of a convergence right now? Like I mentioned this Buzz platform, which we'll talk about, but I literally don't know which way is up right now, and it's kind of amazing as well as scary, if you will.

Yeah.

You're capturing the sentiment in the equity market.

It's become very unstable, uh, around these convergences.

And, you know, I think last year when Elon Musk, it's probably nine months, uh, I'm gonna say now, he, uh, posted on X, "You know, I think, I think my companies, uh, are converging more than I even expected them to." And then, of course, soon thereafter, SpaceX bought xAI, and now there are rumors of SpaceX buying Tesla so that it's completely integrated back to the chip-- uh, back, uh, into the chip with Terafab.

Uh, so, uh, a- and I think the reason this is feeling so chaotic is because really for the first time, well, in my career, uh, we are seeing a number of S curves hit their inflection points around the same time, and I think that's a big question, though, especially when it comes to robotics.

But, uh, and so you have S curves feeding S curves a- and, you know, leading to the possibility of super exponential growth.

So not just, you know, growth at, like Amazon for twenty-five years at roughly twenty-five percent compound annual rate.

Nobody believed that was possible in the day.

So that's exponential growth.

Super exponential growth is possible as these S curves really feed each other.

And so I think, uh, a lot of the questions out there, uh, are a- a- around, okay, are we ready for prime time, e- e- especially in robotics, uh, and humanoid, humanoid robots, I, I think being the biggest question.

Um, and, uh, that's what we're wrestling with in our brainstorms and our day-to-day meetings.

I'm gonna come back to that one, especially with your experience in Austin at the robotaxi.

Yes.

And I'm gonna come back to everybody, and I'm gonna put my money on Paul, who has a humanoid in their house right now.

[laughs]

But, uh-

The closest I have is a vacuum cleaner, which I advised my wife, we do not buy these robotic vacuum cleaners.