Jensen Huang

So effectively what this means is today, NVIDIA is probably fine.

Going into the future, it gives Chinese AI champions and local chip makers much more time to domesticate their operations, their supply chains, and push their own homegrown chips, which is potentially great for China, but bad for the West.

So kind of more deep-seek moments, but from the actual underlying technology, not just the LLMs that is built upon it, Amy.

I'm interested in what really the chokehold that China had found it had was rare earths.

And there was some discussion around there.

But how quickly is the U.S.

and Western nations able to become self-dependent in their own way on that front?

Look, I would love to offer some better news here, but the reality is that the materials for semiconductors come from, you know, basically one place on the planet.

While in the future, I think we'll be able to engineer our ways around those materials and those magnets, but at the moment, we're kind of hamstrung.

And as much as the Trump administration has promised to make significant investments into advanced manufacturing here in the United States, the reality is...

nobody's gonna be able to catch up when it comes to advanced manufacturing at scale.

Certainly not over the next four years, not even here in the United States.

So it doesn't mean that

we're all at a huge competitive disadvantage.

It does mean that even if the domestic market isn't hot within China, the CCP is banking on industrial modernization as the backbone of its national competitiveness.

And it has government sponsorship and support and tremendous capital that it can put toward that effort.

Amy Webb, really interesting.

Thank you for your analysis today, Future Today Strategy Group.

We appreciate it.

venture capital has poured nearly 200 billion dollars into ai startups in just 2025 alone as of early october our colleagues who cover the sector have been really drilling down to find the most influential and best funded ones that you should know about one of those reporters of course is our own rachel metz and she joins us now and you seek out 24 real winners here and what's so interesting is there's real international flavor as well just talk to us about how you broke it down you initially perhaps find the llm makers that we should really be thinking about other than open