Carol Massar

What's the future that you envision after all this CapEx is spent?

Well, I think it's an important question to ask for a few reasons.

And one of those is because if you look at just the capex that these companies are spending, you know, one company, $200 billion in a single year, that's a big commitment.

And that's something that they have to convince investors that is money that is going to the right place.

That's

money that has to be earned back plus on companies coming to a hyperscaler and saying, yes, we think that this money is not only being well spent, but then we can use this compute to actually create a product that will provide a return on investment.

So yes, we've seen a lot of the hyperscalers benefit the, you know, the anthropics and the open AIs and the mistrals, like that's amazing stuff.

But

At the end of the day, there are a lot of companies that are not necessarily technology companies that maybe aren't yet necessarily seeing an increase in productivity as a result of these tools.

So my question is, do those companies start to see that?

Do we live in a world where this is a layer just like the Internet was a layer of technology?

On that, Chris, the U.S.

support of TSMC and the U.S.

support of Intel, different types of support.

And I guess you could call the TSMC one encouragement to build here in the United States.

What is the right industrial policy to reduce reliance on companies outside of the U.S.

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One would expect a memoir from the co-founder of MTV to include quite a bit of sex drugs and rock and roll.

Tom Freston's new book gives us that and quite a bit more.

From hitchhiking through a pre-Taliban Afghanistan, using a drug smuggler to get clothes from Asia to New York City, tariff-free, to almost getting kidnapped in the Sahara Desert with Jimmy Buffett, to getting unceremoniously canned by Sumner Redstone, Tom Freston, Carol, he has seen a lot.