Andrew Ross Sorkin

If Crimea really wanted to go with Ukraine as opposed to Russia, why has there been no uprising there over the past 10 years? So in any event, my point is there's no evidence that Putin wants Poland. Poland's part of NATO. That would start World War III. I think Putin has shown that he's a calm, rational decision maker. And I don't think he wants World War III.

If Crimea really wanted to go with Ukraine as opposed to Russia, why has there been no uprising there over the past 10 years? So in any event, my point is there's no evidence that Putin wants Poland. Poland's part of NATO. That would start World War III. I think Putin has shown that he's a calm, rational decision maker. And I don't think he wants World War III.

Now, the Russians have said what their terms are. They said it last year. They basically, in this root cause speech they gave in, I think, June of last year, and basically what it comes down to is they want Istanbul plus.

Now, the Russians have said what their terms are. They said it last year. They basically, in this root cause speech they gave in, I think, June of last year, and basically what it comes down to is they want Istanbul plus.

There was a deal to end this war in the first month, the Istanbul deal, and it required Ukraine to basically sever its security relationship with the West and to recognize that it would not become part of NATO. And they had to give up Crimea, basically. That was the deal back then. What Russia has said is that's still the deal plus realities on the ground.

There was a deal to end this war in the first month, the Istanbul deal, and it required Ukraine to basically sever its security relationship with the West and to recognize that it would not become part of NATO. And they had to give up Crimea, basically. That was the deal back then. What Russia has said is that's still the deal plus realities on the ground.

So in other words, the Russians have lost, I don't know, 100,000 plus, hundreds of thousands of soldiers now taking this territory in the east. And obviously, they're not going to give it up. So I think that the Ukrainians could have had a better deal in the first month of the war. The Biden administration rejected that. Now there's a different deal. It's Istanbul plus.

So in other words, the Russians have lost, I don't know, 100,000 plus, hundreds of thousands of soldiers now taking this territory in the east. And obviously, they're not going to give it up. So I think that the Ukrainians could have had a better deal in the first month of the war. The Biden administration rejected that. Now there's a different deal. It's Istanbul plus.

And I think that the American proposal is pretty close to that. So I think this administration recognizes...

And I think that the American proposal is pretty close to that. So I think this administration recognizes...

wisdom and just reality of that deal but the ukrainians aren't so look my view is simple if the ukrainians are unwilling to take the deal that's on the table and they want to find new backers with the europeans let them but why should we continue to support this okay let's pivot let's talk markets and let's specifically start a couple stocks because you disagree because i want to hear you disagree no i i i could but we're gonna we i think we're gonna run out of time okay

wisdom and just reality of that deal but the ukrainians aren't so look my view is simple if the ukrainians are unwilling to take the deal that's on the table and they want to find new backers with the europeans let them but why should we continue to support this okay let's pivot let's talk markets and let's specifically start a couple stocks because you disagree because i want to hear you disagree no i i i could but we're gonna we i think we're gonna run out of time okay

I think it's going to hold up. I mean, look, I just think that this investment in CapEx and the data center build outs is so strategic right now. I mean, I think that the hyperscalers, it's only good for their businesses, but I think they see it as so strategic to their survival that they just have to do it no matter what. In other words, I think they're totally inelastic on this.

I think it's going to hold up. I mean, look, I just think that this investment in CapEx and the data center build outs is so strategic right now. I mean, I think that the hyperscalers, it's only good for their businesses, but I think they see it as so strategic to their survival that they just have to do it no matter what. In other words, I think they're totally inelastic on this.

But let me just go back to Google. Nick, can you throw up this chart? I mean, I think the problem that Google has with respect to ChatGPT is that Gemini is just not getting the usage and ChatGPT is just growing like crazy. If you look at how these models perform according to the benchmarks, Gemini is actually really good.

But let me just go back to Google. Nick, can you throw up this chart? I mean, I think the problem that Google has with respect to ChatGPT is that Gemini is just not getting the usage and ChatGPT is just growing like crazy. If you look at how these models perform according to the benchmarks, Gemini is actually really good.

I mean, Gemini has made substantial progress catching up to ChatGPT, but they have not caught up on the usage side. Now, to Jamal's point, you could just make Gemini the default interface in Google search. But that is true innovator's dilemma, because if you do that, you could be giving up more than half the search revenue. So I do think Google is in a really tough spot.

I mean, Gemini has made substantial progress catching up to ChatGPT, but they have not caught up on the usage side. Now, to Jamal's point, you could just make Gemini the default interface in Google search. But that is true innovator's dilemma, because if you do that, you could be giving up more than half the search revenue. So I do think Google is in a really tough spot.

And the longer they wait to make Gemini front and center, the worse this usage problem gets. I mean, what's basically happening right now is users are learning a new habit. I mean, they're learning to go to chat GPT to get their questions answered or just their searches answered in a completely different way.

And the longer they wait to make Gemini front and center, the worse this usage problem gets. I mean, what's basically happening right now is users are learning a new habit. I mean, they're learning to go to chat GPT to get their questions answered or just their searches answered in a completely different way.