James van Geelen on the Next Phase of the AI Buildout

Odd Lots

Bloomberg

News, Investing, Business, News Commentary, Business News

4.4 • 1.6K Ratings

🗓️ 6 October 2025

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Money has been flowing into the AI space, with billions pouring into GPU clusters, data centers, gas turbines, and the infrastructure needed to train and deploy bigger and bigger models. So what comes next? On this episode, we speak with James van Geelen, founder of Citrini Research. We talk to him about his latest field trip to one of OpenAI's new massive Stargate data centers in Abilene, Texas. We also discuss the increasingly complicated financing arrangements that are funding some of these mega projects and the energy needed to power them. Finally, we ask the question which everyone seems to be asking right now: is AI in a bubble?

Only http://Bloomberg.com subscribers can get the Odd Lots newsletter in their inbox each week, plus unlimited access to the site and app. Subscribe at bloomberg.com/subscriptions/oddlots

See omnystudio.com/listener for privacy information.

Transcript

Click on a timestamp to play from that location

0:00.0	Hi, I'm Stephen Carroll.
0:02.0	And I'm Caroline Hepka here to introduce you to a podcast that brings you the news you need to start your day in just 15 minutes.
0:09.3	It's called Bloomberg Daybreak Europe Edition, covering all the top stories across Europe and around the world.
0:15.5	Each weekday morning, we're up early to bring you the latest news by 7am.
0:19.5	We've got everything you need to know from geopolitics
0:22.1	and global events to economics and what's moving markets. I'm covering it all from London.
0:27.6	And I'm in the EU's capital Brussels. We have 3,000 journalists and analysts around the world
0:32.1	to tell you what's happening, what it means and why it matters. It's more than just business
0:36.9	headlines, from the price of your
0:38.6	breakfast to global shifts in power. Economics and money aren't just part of the story. They're
0:43.4	often the driving force. So start your day with us on Bloomberg Daybreak Europe Edition for the
0:48.5	news you need to know and the context to make sense of it. Find new episodes of Bloomberg Daybreak
0:53.4	Europe edition by 7 a.m. London time on Apple, Spotify or wherever you get your podcasts. Radio News.
1:22.7	Hello and welcome to another episode of the All Thoughts podcast. I'm Tracy Allaway.
1:24.1	And I'm Joe Wisenthall.
1:25.0	Joe.
1:25.6	Yes.
1:28.2	Have you ever wanted to tour a data center?
1:30.0	I'd love to.
1:35.1	Part of me thinks it would be really boring, like if you actually went inside because it would just be a bunch of the same cables like over and over and over again.
1:39.2	But part of me thinks just seeing the scale of it would be amazing.
1:43.4	You know what I would do if I tour to Data Center is I would look at those cables
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Bloomberg, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Bloomberg and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.