Rahul Tandon

Iran at the moment is probably going to be top of the conversation.

Taiwan as well.

So there's the economics, there's the politics.

It's hard to separate them sometimes.

It's not me packing the bag.

It's generally me trying to find where it is from where I left it last time.

It's a really interesting debate because when you talk to people in China, they need these NVIDIA chips.

Remember, they're not getting the main one, the fast one, the Blackwell one.

They're getting the generation before that, the HV200.

But the government is saying, we don't want Chinese companies to use NVIDIA's chips.

We want you to develop your own and use those chips as well.

The problem is Chinese businessmen are saying to the government, those chips are just not good enough at the moment.

And NVIDIA's point is, if China is relying on chips coming from the US, doesn't that give NVIDIA and the US leverage?

To be honest here, NVIDIA is now, it's part of America's foreign policy, isn't it?

You certainly do.

I want to go back to something that I looked at and made a programme on, which was China's new five-year plan.

And President Xi in that

used the word AI 52 times.

And I think that gives you an indication, you know, the last five-year plan, it was in five times.

I think it gives you an idea of where we're going with this.