00:00I understand Crusoe to be a critical piece of the build out here.
00:03It seems almost a bit modest, that valuation.
00:07Yeah, I, you know, we feel like it's a great valuation for investors to get in.
00:12And we feel like we have a lot of room to grow from here.
00:16Just a lot of momentum kind of happening across the space.
00:18And, you know, we're well captured.
00:20We're well positioned to capture a meaningful amount of it.
00:24So, you know, we're thrilled to bring on.
00:26You're very busy in America, right?
00:28But what is your ambition for the Gulf and the Middle East?
00:31And what projects you might want to build out over there?
00:35You know, we're looking at a number of different things in the GCC.
00:40You know, obviously having Mubadal as a capital partner gives us a very strong partnership in the UAE.
00:48We are also sort of, you know, evaluating some of the things that are going on with the UAE Stargate
00:53and some of the ambitions in Saudi.
00:55But, you know, we haven't announced anything quite yet.
00:59Chase, I want to give context to our viewers who know you for what you're doing with Stargate.
01:03You're also actioning in Europe, too, maybe Middle East.
01:07But coming down to it, you're a cloud provider, data center provider, manufacturing.
01:11You've got an edge when it comes to energy.
01:13That was kind of the winning formula when you first ever founded more to service Bitcoin mining.
01:18And I'm interested as to what sets you apart from a core weave and other neoclouds out there.
01:22I think there's a number of things.
01:25I mean, we've taken this vertically integrated energy first approach kind of from the start and the founding of the business.
01:34You know, I think a lot of the value that was unlocked from this first Stargate campus in Abilene
01:41was the fact that we had access to 1.2 gigawatts of power that could energize this very large cluster of NVIDIA GPUs.
01:50Building it very, very fast required us to have creative designs and flexibility with a lot of modular components
01:57that went into constructing this very large campus with, you know, a lot of those modular components being manufactured off-site.
02:03And, you know, I think we've built a very high-performance software stack to enable these AI factories to work very effectively and at scale,
02:14integrating a lot of great managed services like our managed file systems and managed Kubernetes
02:19that enable innovators to do their life's work on incredibly reliable and high-performance infrastructure.
02:26Those innovators, we know OpenAI is one of them, but you're busy building elsewhere in Wyoming, not just in Texas.
02:32Who are you building for there? Can you tell us a little bit about where the appetite is coming from?
02:38We can't speak about who we're working with directly in Wyoming quite yet, but we have a great partner there
02:46and we'll be thrilled to come back and tell you all about it when we're ready to announce it publicly.
02:51But it is an exciting campus just from both the energy perspective and the scale it presents.
02:58What we've announced initially is 1.8 gigawatts, but there is a plan to take it to 10 gigawatts.
03:05So it will be a very, very large campus for, you know, AI computing infrastructure and we're thrilled to have a wonderful partner there.
03:14Last week, the Trump administration made some announcements about how they want to speed up the electrical hookups for data centers.
03:23That's like at the core of the president's strategy, cut red tape, deregulate.
03:26Just your reaction to what the administration is doing about speed matching supply of power to infrastructure.
03:33Yeah, you know, we're you know, I think we're we're we're excited to have the support of the administration for some of the critical blockers to moving faster.
03:45You know, one of our core values as a business is to move fast and make things.
03:49So we speed is really at the essence of and at the core of a lot of what we do.
03:53So one of the more frustrating things to be slowed down by is, you know, waiting for a permit to be approved, waiting for, you know, some sort of application that's that's in the hands of a government agency.
04:05And, you know, seeing the urgency from this administration that saying like, hey, we need to support the private sector to go out and build this infrastructure so that America can lead in artificial intelligence is just a great, you know, great indicator of what's to come.
04:25And, you know, we're we're we're really excited to have that public private partnership.
04:28We think it's a very healthy dynamic that's at play right now.
04:31And, you know, we're very big supporters of Secretary Wright and, you know, what he's doing to help make this happen faster.
04:38The key part of the infrastructure that you're building is the chips that go in the data centers you're building strong with NVIDIA.
04:46We've just had at the lead of our show that Qualcomm is trying to get in on AI accelerator marketplace.
04:52What do you think about an offering from a Qualcomm?
04:54What's your read on other competitors coming forward?
04:56Well, I mean, I think everybody's sort of taking a slightly different angle on this and, you know, big supporters of there being more competition in the marketplace.
05:09I think that's very healthy when you have a market as big as AI and AI computing infrastructure.
05:14In the case of Qualcomm, I think their flavor that, you know, I think fits them a little bit better is more, you know, AI inference closer to the edge, you know, closer to, you know, these these on device or near the endpoints where users will be interacting with infrastructure.
05:31So, you know, I, you know, I think that fits very well with kind of the Qualcomm dynamic and, you know, their strengths and what they can bring to the market as AI gets embedded in all aspects of, you know, the economy and everything that, you know, people are doing on a day to day basis.
05:50We're a big believer that we will need infrastructure everywhere to help support intelligence everywhere.
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