Michael Dell – Invest America Act Becomes Law, AI Talent Wars, Compute Demand, Market Update | BG2

In a co-hosted podcast, Brad Gerstner interviews Michael Dell, with Bill Gurley also participating in the discussion. They begin by discussing Michael Dell's career and his book, "Play Nice But Win," before delving into Dell's early business strategies in the 1990s and its structural competitive advantages, such as just-in-time inventory. The conversation shifts to the Invest America Act, a bipartisan initiative to create private investment savings accounts for children, highlighting its potential impact on financial literacy and philanthropy. They address concerns about the national budget deficit, comparing it to loan-to-value ratios and suggesting potential solutions. The discussion transitions to the intense competition for AI talent, with insights on Meta's approach and the broader implications for the tech industry. Michael Dell shares his perspective on the productivity gains from AI, predicting they will surpass those of personal computers and the internet, and emphasizes the importance of companies adapting to this new landscape. The conversation touches on Dell's success in the AI server market, the debate around custom ASICs versus GPUs, and the overall state of the market, with a consensus that the U.S. markets are likely to rise in the long term, driven by AI innovation. They conclude by advocating for policies that support American technological competitiveness, including skilled immigration and the diffusion of AI technologies globally.