Which bit of AI do we buy?

Which bit of AI do we buy? <!--mynz:youtube-chapters--> {"v":1,"chapters":[{"timeSeconds":0,"label":"Introduction to AI Investment","summary":"The segment begins by introducing BlackRock, the world's largest money manager, and its $25 trillion in assets. The host poses the question of where to invest in the growing AI value chain."},{"timeSeconds":28,"label":"BlackRock's AI Investment Strategy","summary":"The host discusses speaking with Ben Powell, Chief Investment Strategist for Asia Pacific and the Middle East at BlackRock. Powell was asked about the pinch points in AI trade."},{"timeSeconds":39,"label":"AI Bottlenecks and Investor Opportunities","summary":"Powell explains that AI's need for power, chips, and energy creates bottlenecks, which can be seen as investment opportunities. He notes that these constraints can lead to higher prices and create capacity over time."},{"timeSeconds":121,"label":"Geopolitical AI Bottlenecks","summary":"The discussion shifts to geopolitical bottlenecks in AI, highlighting the US and China's differing approaches. China's self-reliance and focus on domestic AI development are contrasted with the US's more global approach."},{"timeSeconds":144,"label":"AI's Need for Power","summary":"A key bottleneck identified is AI's significant need for power. The speaker notes that this is a growing pressure, especially in the US, and that China's greater power generation capacity gives it an advantage."},{"timeSeconds":207,"label":"China's Energy Advantage in AI","summary":"The speaker highlights that China has more power generation capacity than the US and Europe combined. This energy advantage is seen as crucial for AI development and could give China a competitive edge."},{"timeSeconds":225,"label":"AI and Energy Security","summary":"The conversation touches on how energy security has become a defining theme in the AI sector. The speaker suggests that the US is looking at data center operators that are carbon neutral and can generate their own power."},{"timeSeconds":290,"label":"New Zealand's Data Centre Opportunity","summary":"The discussion turns to New Zealand's potential role in the AI data center market. The speaker mentions that New Zealand has fewer data centers than other countries and may have an opportunity to build cleaner, more efficient facilities."}]} <!--/mynz:youtube-chapters-->