RUSH TRANSCRIPT But Mike ░░░░░░░░ have much more in ░░░░░░░░ Trump s policies Mike ░░░░░░░░ do He has plans ░░░░░░░░ become an AI superpower ░░░░░░░░ is touching off a ░░░░░░░░ tech race and we ░░░░░░░░ joined by michelle guida ░░░░░░░░ CEO of the krach ░░░░░░░░ for tech diplomacy at ░░░░░░░░ to talk us through ░░░░░░░░ We have seen this ░░░░░░░░ this stargate insurance announced ░░░░░░░░ Meta today talking about ░░░░░░░░ big investment in AI ░░░░░░░░ data centers Those are ░░░░░░░░ private sector initiatives They ░░░░░░░░ to be enough to ░░░░░░░░ up with what rivals ░░░░░░░░ particular China or doing ░░░░░░░░ state driven investment Michelle ░░░░░░░░ for that Mike I ░░░░░░░░ what we are seeing ░░░░░░░░ the first five days ░░░░░░░░ the second Trump Administration ░░░░░░░░ that America first also ░░░░░░░░ innovation first As you ░░░░░░░░ out there is a ░░░░░░░░ of momentum with private ░░░░░░░░ companies stepping up their ░░░░░░░░ to invest in the ░░░░░░░░ of the United States ░░░░░░░░ with the president has ░░░░░░░░ will be the world ░░░░░░░░ of artificial intelligence Of ░░░░░░░░ That is important because ░░░░░░░░ wants to hold that ░░░░░░░░ and China is pouring ░░░░░░░░ money billions and billions ░░░░░░░░ dollars into building out ░░░░░░░░ centers building out data ░░░░░░░░ building on infrastructure They ░░░░░░░░ building out eight new ░░░░░░░░ data hubs They are ░░░░░░░░ to new nuclear power ░░░░░░░░ every year They have ░░░░░░░░ national initiative called eastern ░░░░░░░░ western computer To see ░░░░░░░░ sector companies in the ░░░░░░░░ States all of a ░░░░░░░░ really cranking up their ░░░░░░░░ in this strategic capability ░░░░░░░░ the United States is ░░░░░░░░ news Mike You have ░░░░░░░░ in the past about ░░░░░░░░ importance of democratic allies ░░░░░░░░ together in tech Yet ░░░░░░░░ at Davos we heard ░░░░░░░░ Trump talking about tariffs ░░░░░░░░ differences overregulation with the ░░░░░░░░ Union How does that ░░░░░░░░ joint efforts to counter ░░░░░░░░ Michelle With trusted allies ░░░░░░░░ partners you can be ░░░░░░░░ and there are honest ░░░░░░░░ going on about what ░░░░░░░░ takes to work together ░░░░░░░░ be effective economically be ░░░░░░░░ technologically in order to ░░░░░░░░ against China In the ░░░░░░░░ first approach innovation first ░░░░░░░░ is interesting because the ░░░░░░░░ is a regulatory first ░░░░░░░░ Just look at Europe ░░░░░░░░ report Mario Draghi released ░░░░░░░░ ago outlined how painful ░░░░░░░░ has become for Europe ░░░░░░░░ have to pay 800 ░░░░░░░░ a year just to ░░░░░░░░ up in terms of ░░░░░░░░ competitiveness In 20 years ░░░░░░░░ have not created a ░░░░░░░░ company that has gotten ░░░░░░░░ than a 100 billion ░░░░░░░░ market cap One third ░░░░░░░░ the unicorns are fleeing ░░░░░░░░ EU The Europeans our ░░░░░░░░ in the end of ░░░░░░░░ our really important partners ░░░░░░░░ need to be on ░░░░░░░░ same page in terms ░░░░░░░░ how we power innovation ░░░░░░░░ the same time we ░░░░░░░░ powering our national security ░░░░░░░░ It is interesting that ░░░░░░░░ previous administration did put ░░░░░░░░ pretty tough focus on ░░░░░░░░ for example How much ░░░░░░░░ that hinder some of ░░░░░░░░ very successful companies in ░░░░░░░░ United States with the ░░░░░░░░ geopolitical tension Michelle Yeah ░░░░░░░░ think we will see ░░░░░░░░ developments with the new ░░░░░░░░ on where they re ░░░░░░░░ with controls That started ░░░░░░░░ the first administration was ░░░░░░░░ forward by the Biden ░░░░░░░░ I think you can ░░░░░░░░ this administration is very ░░░░░░░░ on innovation and national ░░░░░░░░ at the same time ░░░░░░░░ ve got to bolster ░░░░░░░░ S And allied innovation ░░░░░░░░ leadership so that we ░░░░░░░░ and our values are ░░░░░░░░ in technology at the ░░░░░░░░ time we can also ░░░░░░░░ our national security As ░░░░░░░░ Trump said America can ░░░░░░░░ the impossible It is ░░░░░░░░ we do To balance ░░░░░░░░ things with our allies ░░░░░░░░ think we are headed ░░░░░░░░ a trajectory to that ░░░░░░░░ But it takes time ░░░░░░░░ to 500 billion of ░░░░░░░░ cannot go into the ░░░░░░░░ immediately to start getting ░░░░░░░░ centers up and running ░░░░░░░░ takes years yet we ░░░░░░░░ see an impact on ░░░░░░░░ coming from China in ░░░░░░░░ Is that a key ░░░░░░░░ Is that a national ░░░░░░░░ risk Michelle This administration ░░░░░░░░ signaled that unleashing American ░░░░░░░░ unleashing innovation declaring an ░░░░░░░░ to catalyze and accelerate ░░░░░░░░ we re doing we ░░░░░░░░ going to need so ░░░░░░░░ more energy to power ░░░░░░░░ data centers that power ░░░░░░░░ openai and Goldman Sachs ░░░░░░░░ estimated we will need ░░░░░░░░ gigawatts of new incremental ░░░░░░░░ to do that We ░░░░░░░░ dusting off old nuclear ░░░░░░░░ plant You are right ░░░░░░░░ has to happen really ░░░░░░░░ and the great part ░░░░░░░░ we have private sector ░░░░░░░░ now on board that ░░░░░░░░ going to turbocharge our ░░░░░░░░ bloomberg technology it is ░░░░░░░░ Caroline It is always ░░░░░░░░ to have you on ░░░░░░░░ thank you.