Bloomberg Audio Studios, podcasts, radio news, Single Best Idea it's on an Apple podcast. Thank you for your interest in the single Best Idea, subscribing to it and out on LinkedIn and Twitter's where I'm telling you about it each and every day. Thank you to Elizabeth Economy yesterday. That was just a brilliant, brilliant interview I put out on LinkedIn and Twitter today her important essay from Foreign Affairs
magazine on China. It is blistering about the path forward for the United States, and we heard some of that. You go back, you know, if you subscribe, you go back and you can see previous interviews. If you choose today is interesting and it was such a joy to always and forever bring in the gentleman from bear Stearns. David Malpass was it bear Stearns head of Economics with John Writing, and David Malpass wrote brilliantly the word that
I always subscribe to him as fast. Whenever he's talking about economic dynamics, he'll talk about fast the movements that are out there. And he's gone on to great acclaim, of course, running the World Bank for a tour of duty. Now he's a private citizen and he joined us in the studio today and he's really on fire at any number of topics. And then he started, you know, bad mouthing where he lives. I mean, okay, you know it's we all do that except David Malpass. He lives in Washington.
And here's David Malpass on his swamp.
So Washington is a swamp. The parts, all the parts work together to make Washington bigger and more profitable. That's a risk. And the World Bank is part of that. It's headquartered and centered in Washington. One thing I learned, Tom was how hard it is to get any other country to do the right thing. It's just as hard outside the US as in the US. So if you take Nigeria, why is this oil rich country so poor?
They've got a huge, extreme poverty rate. Why is that because the government takes all the profits from oil and wastes it.
David Meltpass, the former president of the World Bank. I walked in this morning, Eric, who drives all of our coverage. He said to me, Tom, I got a memo they want you to say. It's in Vidia day. And Paul and I just revolted. I mean, we had tantrums our lawyers were brought in. You know, we're just not going to do it. There's jobs day, there's CPI Day. And then Sparta sat me down and said, you'll love saying Nvidia Day. So we said Nvidia Day all morning, and
so you got Nvidia coming out this afternoon. Look for that. I'm Bloomberg Radio on YouTube worldwide on Apple car Play with Carol and Tim O full coverage. You don't have lots of experts on the expert for us as a guy driver the franchise at Bloomberg Technology, Edward Ludlow coming off is big conversation with Michael dell Jensen. Is it wang is waying Wang Wang? Okay, I don't even know how to pronounce the CEO, the good CEO of in Vidia's name. I'm sorry for that. I'll work on that
for tomorrow. But the bottom line is Ludlow's connected. Besides that, he wears the shoes of the white souls here from Bloomberg Technology on in Nvidia, Ed Ludlow.
This simplest explanation is just to do the numbers as we have them for twenty twenty four, So in Vidio will sell forty billion dollars worth of high performance GPUs or AI accelerators. This year, AMD has raised its forecast to say it will sell four point five billion dollars, so ten x less, and Intel's nowhere to be seen. They might do five hundred million. And that is why we define this afternoon's earnings report as the mum of all earnings, the most important stock in the planet Goldman
in February. It is the be all and end all of this earning season. And it's you know, it's more than five percent in waiting terms of the S and P five hundred, So brace for a macro event at.
Ludlow Ninnvidio will brace for that. I have an opinion it's about as useless as anything else. I have an opinion. I really have no clue. I really don't understand it. Full disclosure. I'm not sure I understand the future of AI. I've got lots of people telling me AI is this AI is that. I'm like, well, okay, I'm waiting. I've got a good source that says, you know, computer programming
chat GPT. I would not if you handed it to me, but they say, you know it works in computer program I mean, it's really revolutionary, and there's a lot of believers, and we'll see that with all the worker doing here on in Vidia Day social announcement, you're warned out on live chat on YouTube now Lisa Mateo. It immediately brightens up our feed. Look for that on YouTube. Search Bloomberg Podcasts, Subscribe to Bloomberg Podcasts out on YouTube, and then we'll
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