Bloomberg Tech

This chapter follows the venture’s backers to an Idaho town they admire, where a preacher with a flamethrower bluntly rails against feminism. The episode deepens the series’ larger conflict over land, heritage, and competing ideas of what being American means.

OpenAI’s annualized revenue is the centerpiece here, with expectations it could reach or exceed $70 billion by year-end. The episode also looks at Oracle’s unusual data center power strategy and explores the AI IPO pipeline and physical AI with Kleiner Perkins’ Ilya Fushman.

The episode looks at fresh pressure points in the AI economy, from a suspended worker visa program affecting major tech firms to strong results from Samsung and TSMC that still haven’t calmed investor nerves. It also checks in on NASA’s SpaceX Crew-12 return after 237 days in space.

SpaceX’s reported effort to borrow $40 billion for Nvidia chips leads this episode, alongside Apple’s plans for a broader smart home lineup with LG. It also looks ahead to a potentially major pipeline of AI-related IPOs with insight from Bank of America’s JD Moriarty.

OpenAI’s push to raise at least $30 billion at a roughly $1.4 trillion valuation leads this episode, alongside DeepSeek’s reported funding round and IPO plans. It also brings in Jamie Dimon’s perspective on data centers and AI risk, giving the story a broader market lens.