David Sachs

I think we're doing great.

Maria, last year, President Trump gave a major AI policy speech just in July, and he declared that the United States had to win the race.

He he first of all declared that we were in one.

And I think his speech was reminiscent of when President Kennedy declared that we were in a space race and had to win that race.

I think since then, what you've seen is that American companies have only innovated more.

You're seeing all sorts of really incredible products being released all the time.

I think that American AI models, chips.

Data centers only just keep getting better and better.

So I feel very good about the American position in this ARA.

Certainly, we have some very competent and formidable competitors.

China, obviously, has a lot of very smart people working in this area.

But I do think that just what you see from American companies in Silicon Valley right now is really incredible.

I think that we will.

I think that the reason why you're seeing this huge infrastructure build out is because the demand is ultimately there.

I know a lot of people worry about whether this could be like a dot-com situation.

Remember where we had the whole fiber build out in the late 90s, then we had a dot-com crash.

The difference here is that in the late 90s and early 2000s, we had a problem known as dark fiber, where you had this fiber build out and then it didn't get used.

There's no such thing as a dark GPU right now.

Every GPU that's being put in a data center is getting used, and it's being used to generate tokens, and that's to power this new generation of AI chatbots or coding assistants.

And there's just been some releases in the last couple of months on the coding front that, you know, if you're following what software developers are saying,