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Welcome to Prof G Markets. I'm Ed Elson. It is January 7th. Let's check in on yesterday's market vitals. The major indices all posted strong gains, the down notched its first close above 49,000, and the SP 500 also hit a record closing high. Meanwhile, oil prices gave up Monday's advance, and finally, gold, silver, and copper extended their rallies. Okay. What else is happening? The biggest celebration of consumer tech, the Consumer Electronics Show or CES, kicked off in Las Vegas this week. It is an opportunity for tech companies to showcase their latest innovations. And so far, it is NVIDIA that is dominating the headlines. Nvidia's CEO, Jensen Huang, opened the event with an announcement that their most advanced chip yet, the Ruben model, is in full production.
He also introduced AI models for autonomous vehicles, and he said, Quote, the chat GPT moment for physical AI is here, and it appears to be happening fast, Because Mercedes Benz will begin shipping cars with NVIDIA's technology this year. So lots happening at CES. We wanted to get a sense of what else is happening. So we are speaking with someone who is there right now, Alex Heath, author of the Sources newsletter and host of the Access Podcast, joins us from Vegas. Alex, welcome back and happy new year.
Happy New Year, Ed. I am doing CS like I always do, which is I try to avoid the show floor as much as possible. But uh I am managing to head over there right after this conversation. But I've I've gotten a good lay of the land from the hotel rooms and restaurants where all these meetings are happening, which I it's actually like the shadow CS. It's this like the second show that happens with all the hotels on the strips that I that on the strip that I find to be much more interesting. But yeah.
I I've never been to CES. For those who like don't know what it is, what what is it? What's going on?
I mean, it started as the place where Apple and all these companies would show off their new hardware and gadgets, right? And then all the tech companies got big and started doing their own events.
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Chapters
4 chapters
1
What is the main topic discussed in this episode?
0:00–9:35
2
What are today’s market vitals and why does the episode start with a quick market recap?
9:35–11:20
3
How is Nvidia dominating the headlines at CES and what new AI hardware did Jensen Huang unveil?
11:20–13:56
4
What did Alex Heath observe on the CES floor about real AI demos and the future of autonomous‑vehicle chips?
13:56–32:53
Speakers
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