Peter Elstrom

New: There was plenty of skepticism when Musk first announced plans for his Terafab, but Bloomberg has found he's moving quickly to line up suppliers for the effort to build his own chip production capacity. Apparently, he wants to move at "light speed." bloomberg.com/news/articles/…

New: Musk’s $9 trillion Terafab concept was born out of growing concern the chip industry isn't moving fast enough for the future of AI, robotics and space. “So we either build the Terafab or we don’t have the chips,” he said. “And we need the chips.” bloomberg.com/news/articles/…

The AI boom has a hidden cost -- and it will soon hit a range of products, including phones, cars and electronics. The bottleneck for AI may not be capital or talent or even construction workers — it may be memory. Excellent graphic explainer here: bloomberg.com/graphics/2026-…

New: A setback for Nvidia's China aspirations. The US is considering caps on the number of AI accelerators Nvidia can export to any one Chinese company, limiting sales to 75,000 H200s or the AMD equivalents. bloomberg.com/news/articles/…

New: Anthropic is dropping its hallmark safety pledge as AI competition heats up. While it said in 2023 it would delay development that might be dangerous, new rules say it would no longer do so if it believes it lacks a significant lead over a competitor. bloomberg.com/news/articles/…

I just got back from the AI summit in India, which was thrilling, chaotic, ambitious and disappointing all at the same time. Perhaps the most important takeaway was the growing angst in countries beyond the US and China about getting left behind in AI. bloomberg.com/news/newslette…

Sam Altman and Dario Amodei, CEOs of rivals OpenAI and Anthropic, refused to hold hands at an AI summit in India. The two tech chiefs were positioned next to each other in a lineup of business and political leaders, and instead stood with their hands in the air and avoided eye contact bloom.bg/3MG57Xr

“You’re trying to ask us whether AI demand is real or not. I’m also very nervous about it,” said TSMC's CEO after strong earnings. “We’re investing $52 billion to $56 billion in capex, right? If we don’t do it carefully, that’d be a big disaster for TSMC.” bloomberg.com/news/articles/…

@GonzoLecture ?

@pelstrom hey Peter! Where'd'you get your jacket?

New: Deep dive into Index Ventures, probably the most successful VC firm out of Europe. In which we are introduced to the partners, their successes, how returns compare with the industry and why they believe retirement starts at 55. Gift link for a week: bloomberg.com/news/features/…

Fascinating profile of the CEO of Europe's biggest company, which has a monopoly on the machines that make the best AI chips By @pelstrom @sarahannjacob and @TomMackenzieTV bloomberg.com/news/features/…

Paramount goes hostile with a $108 billion bid for Warner Bros., just days after the company agreed to a deal with Netflix bloomberg.com/news/videos/20…

New: ByteDance's valuation rose to $480 billion in an auction of secondary shares, sources tell Bloomberg. In bidding on Wednesday, Capital Today won out over several other interested parties to acquire equity from Bank of China Group Investment. bloomberg.com/news/articles/…

Latest interview with Nvidia's Jensen Huang after earnings: -- “There’s been a lot of talk about an AI bubble. From our vantage point, we see something very different.” -- The Blackwell line of chips is "sold out" -- “Our forecast for China is zero.” lnkd.in/gbvmGja2

Bloomberg visited Tsinghua University to talk with students, professors and researchers about AI. China's top science and engineering school is buzzing after DeepSeek, with newfound confidence about competing with — or beating — the world’s best. bloomberg.com/news/features/…

Ukraine has steadily built up drone production as it's battled Russian forces in recent years. Today, it's a drone superpower, making about 4 million drones a year. Now its defense firms are seeking to profit by selling their expertise to NATO countries. bloomberg.com/news/features/…

SoftBank is spooking investors today with the sale of its entire stake in Nvidia for about $6 billion. So is Son getting worried about the AI boom? That's not what's happening. The company needs more cash so it can make its own ambitious AI investments. bloomberg.com/news/articles/…

In a new investigation, @GaoYuan86 tells the story of a 34-year-old who died after months of extreme hours helping Xiaomi move into EVs. “He was treated just like a leaf: when it falls, people step on it without noticing its existence,” his widow says. bloomberg.com/news/features/…

“DeepSeek is so hot. No one wants to talk about anything else,” says one of the startup's partners. China's DeepSeek is getting a surprising amount of momentum in Africa, where its low-cost, open-source tech is appealing to entrepreneurs and startups. bloomberg.com/news/features/…

Europe's leaders pledged their commitment to AI sovereignty, and made splashy promises about investing in data centers and startups. But do they have the technical and financial wherewithal to rival the US and China in every — or any — corner of AI? bloomberg.com/news/articles/…