"The big five American firms have assembled about 10 times the compute to train their current LLM compared to their prior LLMs... if the scaling laws hold, then a 10x increase in training compute results in models that are about twice as capable." - Stephen Bird (On the widening gap between proprietary and open models) 00:03:46

"The pure technologist…

In this conversation, Chetan Ahya, Chief Asian Economist at Morgan Stanley, provides a deep dive into the shifting macroeconomic landscape for India and the broader Asian region.

The Tariff Outlook and Export Recovery

The US Supreme Court's decision to strike down high tariffs has introduced a much-needed sense of certainty [00:09].

"If India's exports pick up... we've always seen that that has an implication for corporate capex in the region as well as in India. So it will trigger an additional improvement in capex which in turn drives industrial production. So there's going to be a virtual cycle that unfolds for India too." — Chetan Ahya [04:50]

*"We…

#India #Equity #ChetanAhya #MorganStanley

"Latin America is facing a trifecta of change that could set up a very different investment story from what investors have gotten used to." - Nikolai Lipman (Discussing the core thesis) [00:00:23]

"We could be moving towards an investment or capex cycle in the shadow of the global AI capex cycle." - Nikolai Lipman (On the shift from consumer to infrastructure)…