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This is a key national security thing, too, because we need manufacturing here to be affordable and competitive in order for national security

Friedberg support ×3 ▲ on ⚡ China's nuclear build gives it a cheap-electricity manufacturing edge E206 · 2024-12-07 ▶ 11:03

which is the increment in electricity production capacity in China compared to the United States. And so we are going from one terawatt to two terawatts. They're going from, I think, two to eight over the same time period, and they're doing it at a price

Sacks oppose ×1 ▲ on ⚡ China's nuclear build gives it a cheap-electricity manufacturing edge E200 · 2024-10-18 ▶ 1:03:57

Maybe it's not such a bad thing that other countries are taking the early adopter risk of this technology.

Jason support ×2 ▲ on ⚡ China's nuclear build gives it a cheap-electricity manufacturing edge E200 · 2024-10-18 ▶ 1:04:06

But if China runs away with this and they have so many of these running, and then they're able to power AI and solve problems were not, we're going to have to get our act together and start standing these up.

Chamath oppose ×2 ▲ on ⚡ China's nuclear build gives it a cheap-electricity manufacturing edge E200 · 2024-10-18 ▶ 1:03:37

We can fix that tomorrow. We already rely on a nuclear reactor that works, and to Sacks' point, it just happens to be millions of miles away.

Friedberg support ×3 ▲ on ⚡ China's nuclear build gives it a cheap-electricity manufacturing edge E200 · 2024-10-18 ▶ 1:03:00

If China races towards five cents per kilowatt hour for electricity, and we're sitting here at 20 cents a kilowatt hour for electricity, what's that going to do to our economic competitiveness?

Friedberg support ×3 ▲ on ⚡ China's nuclear build gives it a cheap-electricity manufacturing edge E189 · 2024-07-26 ▶ 1:27:18

China has more electricity production. It's cheaper to make electricity and it's cheaper to build new capacity and they're building at an accelerated rate.

Friedberg support ×2 ▲ on ⚡ China's nuclear build gives it a cheap-electricity manufacturing edge E184 · 2024-06-20 ▶ 18:52

China's building 150 nuclear reactors and they're only spending about $2,500 a kilowatt.

Friedberg support ×2 ▲ on ⚡ China's nuclear build gives it a cheap-electricity manufacturing edge E174 · 2024-04-12 ▶ 1:16:53

Today, 79% of lithium ion battery production comes out of China. The US is only 6.2% of global lithium ion battery production... that China has a huge leg up and is going to become a critical point of dependency for the United States to develop an arsenal necessary to be competitive in this kind of next evolution of warfare

Jason support ×1 ▼ on 🌍 China tips into outright deflation and drags global demand E165 · 2024-02-09 ▶ 1:23:37

China has 50 million homes ahead of schedule. 50 million additional supply that can house 150 million people. So as acute as our issues are, the China issue might be much, much seismic.

Sacks support ×2 ▼ on 🌍 China tips into outright deflation and drags global demand E163 · 2024-01-26 ▶ 5:50

You also have what looks like a crash happening in China. The Chinese government took some actions to prop up the stock market there, which is a pretty negative signal.

Friedberg support ×2 ▲ on ⚡ China's nuclear build gives it a cheap-electricity manufacturing edge E148 · 2023-10-07 ▶ 55:52

the number of people that could have been pulled out of poverty if we made cheap, abundant energy available at an accelerated pace rather than at a decelerated pace, it could have had a much more significant effect. ... Meanwhile, you see China building 450 nuclear fission stations and the US building none. And I think that that's part of the story of where the US is today.

Jason support ×2 ▲ on ⚡ China's nuclear build gives it a cheap-electricity manufacturing edge E144 · 2023-09-01 ▶ 51:54

if you look at nuclear, we just had a bunch of, I think it was senators signing a bill. I think you might have tweeted it, Chamath, of support of nuclear, 21 nuclear power plants are being directed at this moment in China, eight in India. The United States only has one, which is kind of an extension.

Brad Gerstner support ×2 ▼ on 🌍 China tips into outright deflation and drags global demand E141 · 2023-08-11 ▶ 1:30:21

And China just saw CPI down three-tenths of one percent in the month this week. Annualized, that's over three and a half percent. That is a major problem for China. So I think you have some yellow flags here, right? That say, do we have too much tightening? If one of the global engines of growth is experiencing this level of disinflation, that's going to impact the global economy, global demand, et cetera.

Chamath support ×2 ▼ on 🌍 China's growth engine breaks - property bust plus bank runs E136 · 2023-07-09 ▶ 37:31

China economically, I don't know where the demand is going to come from. You know, on the same time that their internal demand is imploding, they're creating all these export controls that I think are not going to actually help them solve the problem because it just accelerates Western economies' desire to delever from China.

Brad Gerstner oppose ×2 ▼ on 🏛️ US capital gets walled off from Chinese AI and advanced tech E134 · 2023-06-24 ▶ 43:56

Just real quickly, I would say there's a real appetite in the business community to be engaged. This idea that we're going to decouple the world and never have to deal with these folks is just a farce. ByteDance bought a billion dollars worth of NVIDIA chips announced this week.

Sacks support ×2 ▼ on 🏛️ US capital gets walled off from Chinese AI and advanced tech E132 · 2023-06-10 ▶ 38:07

I think that it should be possible to do business with China without it being seen as either unpatriotic or immoral. However, there are strategic technologies that are just going to be, I think, it's too hard and too risky to be supporting China.

Jason support ×3 ▼ on 🏛️ US capital gets walled off from Chinese AI and advanced tech E132 · 2023-06-10 ▶ 34:39

And so what really is happening is the government is going to stop all US venture investing in China. That's what's going to happen in the coming months.

Sacks support ×2 ▼ on 🌍 China's growth engine breaks - property bust plus bank runs E131 · 2023-06-02 ▶ 50:07

China has real problems. There is no question about it. They have got demographic problems, they have got problems in the banking system, they have got a real estate bubble.

Friedberg oppose ×2 ▼ on 🏛️ US capital gets walled off from Chinese AI and advanced tech E123 · 2023-04-07 ▶ 1:07:29

So, you know, to Sacks's point, I'm not sure you can really say China is a true and complete adversary in the sense that we're on opposite sides. There's obviously deep interdependencies. So, you know, it's hard to kind of say I draw the line at this kind of technology investing there, but I benefit from their technology investing that's going on there in other ways with some of my other businesses, right?

Sacks support ×2 ▼ on 🏛️ US capital gets walled off from Chinese AI and advanced tech E123 · 2023-04-07 ▶ 1:05:18

This is the very simple rule we would use. We would never consider taking money from Russia or China.

Chamath support ×3 ▼ on 🏛️ US capital gets walled off from Chinese AI and advanced tech E123 · 2023-04-07 ▶ 1:00:01

On the other thing, though, with US firms investing in Chinese AI, it should not be allowed. And I do think that the folks that are responsible for CFIUS need to get a handle on this.

Chamath oppose ×2 ▲ on ⚡ China's nuclear build gives it a cheap-electricity manufacturing edge E112 · 2023-01-20 ▶ 46:09

Even if energy is zero in China, you have to think about inputs, meaning factories make things with inputs. And if you look, for example, in natural resources, the inputs, by and large, don't exist in China.

Friedberg support ×3 ▲ on ⚡ China's nuclear build gives it a cheap-electricity manufacturing edge E112 · 2023-01-20 ▶ 44:24

My point was that in China, and I've made this point many times, but I just think it's a really important one that will play out over the next couple of years. They're building 450 nuclear power plants, they're going to get the cost of industrial power below five cents or four cents a kilowatt hour, and they're electrifying all their factories.

Friedberg oppose ×1 ▼ on 🌍 China's growth engine breaks - property bust plus bank runs E106 · 2022-12-03 ▶ 1:02:58

We always think that it's a linear line and that it's super dogmatic and fixed, but there's certainly responsiveness. And the release of the lockdowns in Guangzhou and Beijing this week seems to have been a pretty good indication that when things do get, when the tides do change, leadership there seems to respond, not always, but enough to kind of keep things going.