Fiona Yang

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268 appearances 1 recordings 1 series first heard Jul 2026 last heard 20 Jul

Fiona Yang’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.

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Merryn Talks Money · Is Asia's AI Boom Creating the Next Investment Bubble? · 20 Jul 2026 podcast

The first one is really the return on those hyperscalers investment.

It is really given the current sort of annual round rate of the revenue produced by OpenAI, Anthropic, and not to mention the uncertain path towards profitability, the ROI of this hyperscaler investment is still questionable.

on this huge amount of capex we're going to see or we expect to see.

So that's one risk.

The other risk is competition, as you pointed out.

The Chinese large language model built upon cheap power, cheap electricity,

Cheap land and cheap hardware producers, because China's technology could be generations behind.

But once they get to a certain technology level, the cost of producing those products is just significantly cheaper as compared to the developed market.

So as a result, their large language model is actually priced at a fraction of the cost of the leading edge model that we have seen in the Western world.

I was just having lunch with one of my friends who operates one of his own software company in the Asia region.

He talked about, yes, we just switch between the models.

Certain tasks, we can just use the 90% cheaper Chinese model.

And certain tasks, the most advanced masks, maybe we use the Western model.

And that's a perfect way out for us to both save on costs and really get to the desired outcome for coding and etc.

So that's just the two risks that I have taken into consideration, thinking about the demand and how quickly that demand is going to grow from this point on.

It is exactly, you know, for an active bottom-up fund manager, that's my job day to day.

So two angles I look at this.

One is really outside of the AI stuff within Korea.

If you are a Samsung employee, you get this huge bonus because you just negotiated to get 10% of the company's OP to operating profit to be paid in bonus.

What are you going to do with it?

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