Karl Yeh

And HSBC is looking at it and going, no, you just have massive data energy needs and that bill has got to come due.

And so who's paying the energy bills?

And Andy, I don't know, maybe this goes back to, it gets subsidized, it gets pushed or wiped or it's going through.

And now we're looking at shell companies and things like that.

there isn't any sort of visibility into this, at least from our standpoint, to say like, who the hell is paying that bill?

Because the energy ain't free.

And unless it's all being done with renewables or we have some major breakthrough by 2030 in nuclear, and even if we did,

With that, what are the chances it could be built and deployed?

I mean, there's definitely some, some projects going on that we've talked about many times from the nuclear side, both on the fusion and vision side, as far as, uh, efficiencies, but what's the opportunity, what's the chances that's gonna be built and deployed and making a significant difference in five years?

probably slim to none in most cases.

So the energy is still going to be coming from renewable, not just renewable resources, but coal and other dirty areas as far as energy goes.

So I see what they're talking about when they say HSBC.

And I think it kind of goes back to what you're sort of talking about with Elon Musk and quite frankly, any data center from the Metas to the Microsofts to the whoever Anthropic is working with Google.

I mean,

Who's paying the future energy bill and how does that not have a massive impact?

This is assuming asterisks that we don't have some major innovation in energy or that there's not some massive turn and not going to happen in the US in the upcoming years.

towards renewable energy, that there's such a push that you're getting to what Elon Musk proposed years ago, which is he took a little square out of northwest Idaho or some state.

And he said, did you know that if this little teeny tiny square that is almost unseeable on a map of the United States, that that would produce, if that was all solar panels and batteries, that would produce enough for the entire country.

And of course, that's not realistic because who's running all the lines out from that one singular source?

Would you ever really do that?