Lennart Heim

This is kind of what I'm expecting, right?

The difference is just like, while TSMC is churning out 5 million chips per year, they're churning out less than a million chips and they need three times more chips to achieve the same performance, right?

This is exactly the argument which I'm making here.

And then, you're right, there are costs to this, right?

These export controls, they used to say small yard, high fenced.

I don't think that's the case, right?

To some degree, when this originally started in 2022, this was before chativity.

And I give the government a lot of credit for foresight here.

Knowing that compute is cool, if people would have invested in 2022 into NVIDIA, they were still early.

So they had this foresight.

And then it was just like, oh, we only hit on these advanced AI chips which are being used for servers.

Sure, AI was a niche application.

But again, if you look at people like us, we believe AI is the future.

AI is going to be everywhere.

then this is not a small yard anymore, right?

If I use AI to literally plan my day, cook my food, and everything else gets organized around me, then you have collateral damage, which hits on the broad economy.

And this is just a thing which is simply true, right?

And this is generally the challenge of governing dual-use technologies on these kinds of things.

What I would say, though, is China still has access to AI services.

They can still use Microsoft Azure.