(0:00) Jensen Huang joins the show! (0:26) Acquiring Groq and the inference explosion (8:53) Decision making at the world&#x27;s most valuable company (10:47) Physical AI&#x27;s $50T market, OpenClaw&#x27;s future, the new operating system for modern AI computing (16:38) AI&#x27;s PR crisis, refuting doomer narratives, Anthropic&#x27;s comms mistakes (20:48) Revenue capacity, token allocation for employees, Karpathy&#x27;s autoresearch, agentic future (30:50) Open source, global diffusion, Iran/Taiwan supply chain impact (39:45) Self-driving platform, facing competition from active customers, responding to growth slowdown predictions (47:32) Datacenters in space, AI healthcare, Robotics (56:10) OpenAI/Anthropic revenue potential, how to build an AI moat (59:04) Advice to young people on excelling in the AI era Follow the besties: https://x.com/chamath https://x.com/Jason https://x.com/DavidSacks https://x.com/friedberg Follow on X: https://x.com/theallinpod Follow on Instagram: https://www.instagram.com/theallinpod Follow on TikTok: https://www.tiktok.com/@theallinpod Follow on LinkedIn: https://www.linkedin.com/company/allinpod Intro Music Credit: https://rb.gy/tppkzl https://x.com/yung_spielburg Intro Video Credit: https://x.com/TheZachEffect

Jensen Huang LIVE: Nvidia's Future, Physical AI, Rise of the Agent, Inference Explosion, AI PR Crisis

All-In with Chamath, Jason, Sacks & Friedberg

# Full Transcript

**Podcast:** All-In with Chamath, Jason, Sacks &amp; Friedberg

## Transcript

Special episode this week. We've preempted the weekly show and there's only three people we preempt the show for. President Trump, Jesus and Jensen. And I'll let you pick which order we do that. But what an amazing run you've had and a great event. Every industry is here. Every tech company is here. Every AI company is here. Incredible. Incredible.

If you were building a global financial system from first principles today, you wouldn't build it on 50-year-old legacy rails. You'd build Airwallex, one AI-native platform for global accounts, cards and payments. It's designed to make the entire world feel like a local market. Others are bolting AI onto broken infrastructure. But Airwallex was built for the intelligent era from day one.

Stop paying the legacy tax and start building the future at airwallex.com slash all-in. Airwallex, build the future. All-In! And one of the great announcements of the past year has been Grok. When you made the purchase of Grok, did you realize how insufferable Chamath would become? I had an inkling that... We're his friends. We have to deal with them every week. I know it. You had to deal with them for the six-week close. I know it. It's like two weeks. Two weeks.

It's all coming back to me now. It's making me rather uncomfortable. The thing is, many of our strategies are presented in broad daylight at GTC years in advance of when we do it. Two and a half years ago, I introduced the operating system of the AI factory and it's called Dynamo.

Dynamo, as you know, is a piece of instrument, a machine that was created by Siemens to turn essentially water into electricity. And Dynamo powered the factory of the last industrial revolution. So I thought it was the perfect name for the operating system of the next industrial revolution, the factory of that. And so inside Dynamo, the fundamental technology is disaggregated inference.

Jason, I know you're super technical. Absolutely. I know it. I'll let you take this one. Go ahead and define it for the audience. I don't want to step on you. Yeah, thank you. I knew you wanted to jump in there for a second. But it's disaggregated inference, which means the pipeline, the processing pipeline of inference is extremely complicated. In fact, it is the most complicated computing problem today. Incredible scale, lots of mathematics of different shapes and sizes.

And we came up with the idea that you would change, you would disaggregate parts of the processing such that some of it can run on some GPUs, rest of it can run on different GPUs. And that led to us realizing that maybe even disaggregated computing could make sense, that we could have different heterogeneous nature of computing. That same sensibility led us to Mellanox. Yeah.

You know, today, NVIDIA's computing is spread across GPUs, CPUs, switches, scale up switches, scale out switches, networking processors. And now we're goin...

Jensen Huang LIVE: Nvidia's Future, Physical AI, Rise of the Agent, Inference Explosion, AI PR Crisis

Transcript

Built for investment professionals

Every day you wait, your competitors are finding
edge in conversations you're not hearing.

Jensen Huang LIVE: Nvidia's Future, Physical AI, Rise of the Agent, Inference Explosion, AI PR Crisis

Transcript

Built for investment professionals

Every day you wait, your competitors are findingedge in conversations you're not hearing.

Every day you wait, your competitors are finding
edge in conversations you're not hearing.