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Toby Howell

👤 Speaker
27845 total appearances

Appearances Over Time

Podcast Appearances

Morning Brew Daily
Wall St. Shook By ‘Sell America’ & BlackRock’s CEO Says Capitalism is Not Working

Obviously, AI is dominating Davos right now.

Morning Brew Daily
Wall St. Shook By ‘Sell America’ & BlackRock’s CEO Says Capitalism is Not Working

So he was calling attention to the fact that we need a call to action here and we need to figure out what prosperity means.

Morning Brew Daily
Wall St. Shook By ‘Sell America’ & BlackRock’s CEO Says Capitalism is Not Working

Our next quote comes from Anthropic CEO Dario Amadei, who had some strong thoughts on who should get their hands on the picks and shovels fueling the AI revolution.

Morning Brew Daily
Wall St. Shook By ‘Sell America’ & BlackRock’s CEO Says Capitalism is Not Working

Speaking at Davos, Amadei said selling the most advanced Nvidia chips to China is a massive blunder with even bigger national security implications.

Morning Brew Daily
Wall St. Shook By ‘Sell America’ & BlackRock’s CEO Says Capitalism is Not Working

It would be a big mistake to ship these chips, Amadei said to Bloomberg.

Morning Brew Daily
Wall St. Shook By ‘Sell America’ & BlackRock’s CEO Says Capitalism is Not Working

I think this is crazy.

Morning Brew Daily
Wall St. Shook By ‘Sell America’ & BlackRock’s CEO Says Capitalism is Not Working

It's a bit like selling nuclear weapons to North Korea.

Morning Brew Daily
Wall St. Shook By ‘Sell America’ & BlackRock’s CEO Says Capitalism is Not Working

His comments come as Trump has moved to ease restrictions on sending chips to China, allowing Nvidia to sell its H200 processors to Beijing.

Morning Brew Daily
Wall St. Shook By ‘Sell America’ & BlackRock’s CEO Says Capitalism is Not Working

This is a drum that Amadei has been beating for a while.

Morning Brew Daily
Wall St. Shook By ‘Sell America’ & BlackRock’s CEO Says Capitalism is Not Working

Last year at Davos, he said he was worried about, quote,

Morning Brew Daily
Wall St. Shook By ‘Sell America’ & BlackRock’s CEO Says Capitalism is Not Working

1984 scenarios or worse.

Morning Brew Daily
Wall St. Shook By ‘Sell America’ & BlackRock’s CEO Says Capitalism is Not Working

Talking about the dystopian totalitarian world from George Orwell.

Morning Brew Daily
Wall St. Shook By ‘Sell America’ & BlackRock’s CEO Says Capitalism is Not Working

Dude knows how to generate some quotes, Neil.

Morning Brew Daily
Wall St. Shook By ‘Sell America’ & BlackRock’s CEO Says Capitalism is Not Working

One way he framed it is that AI chips are essentially cognition or essentially intelligence.

Morning Brew Daily
Wall St. Shook By ‘Sell America’ & BlackRock’s CEO Says Capitalism is Not Working

He said that doing this is essentially like shipping a country of geniuses in a data center to China.

Morning Brew Daily
Wall St. Shook By ‘Sell America’ & BlackRock’s CEO Says Capitalism is Not Working

You would never give your smartest people over to your direct geopolitical enemy in China.

Morning Brew Daily
Wall St. Shook By ‘Sell America’ & BlackRock’s CEO Says Capitalism is Not Working

And so that is the equivalence that he made is that these are the brains of the new era.

Morning Brew Daily
Wall St. Shook By ‘Sell America’ & BlackRock’s CEO Says Capitalism is Not Working

Why are we giving them to China when we absolutely do not need to be doing that?

Morning Brew Daily
Wall St. Shook By ‘Sell America’ & BlackRock’s CEO Says Capitalism is Not Working

Finally, there's also a funny Davos update that I want to mention.

Morning Brew Daily
Wall St. Shook By ‘Sell America’ & BlackRock’s CEO Says Capitalism is Not Working

There's been a hot market for off-label or fake badges with street prices fetching nearly $1,200.