Slate Money - Three-Headed AI Unicorn
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3.9 • 1.1K Ratings
🗓️ 27 September 2025
⏱️ 57 minutes
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Summary
This week: NVIDIA has announced a $100 billion investment in OpenAI to help build out data centers equipped with NVIDIA chips. Felix Salmon, Elizabeth Spiers, and Emily Peck, joined by Bloomberg’s Max Chafkin, examine the complexities of this massive deal and why it might feed the argument that the AI boom is a bubble. Then,Trump has announced a $100,000 fee for H-1B visas.They discuss how the clunky rollout of this plan has caused chaos and what it signals about the administration's immigration goals. And finally, Max explains how a parody of Enron that turned into a memecoin fiasco.
In the Slate Plus episode: Digging into the 0.01% rule
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Podcast production by Jessamine Molli and Cheyna Roth.
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Transcript
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| 0:00.0 | Hello and welcome to Slate Money, your guide to the business and finance news of the week. |
| 0:19.0 | I'm Felix Salmon of Bloomberg, here with Elizabeth Spires, |
| 0:23.2 | it's the New York Times. Hello. Here with Emily Peck of Axios. Hello, hello. And literally here |
| 0:29.3 | in an absolutely swanked out Bloomberg podcast studio with Max Chaffkin of Bloomberg. |
| 0:38.5 | Hey. |
| 0:39.0 | Max, introduce yourself and tell me about this whole amazing situation that we're in. |
| 0:44.0 | Yes, I am a writer here at Bloomberg and Business Week and the co-host of the Everybody's |
| 0:49.5 | Business Podcast, which is a weekly podcast that tapes here. |
| 0:53.0 | We model ourselves on Slate Money in every way. |
| 0:56.6 | And yeah, in this very nice studio. |
| 0:58.6 | And you record in this very nice studio, which we have co-opted this week for Slate Money. And |
| 1:03.4 | many thanks to Bloomberg for letting us do that. We are going to talk to you about this |
| 1:07.1 | astonishing piece that you have in the latest issue of Business Week, all about Enron, |
| 1:12.7 | which is amazing, and everyone should read it. |
| 1:15.2 | We are also going to talk about the H-1B fiasco that happened this week, |
| 1:21.4 | but we are going to start by talking about the financing of artificial intelligence |
| 1:26.8 | and whether it's all a circular, plus, I believe it's the technical term. Are you allowed to take cluster fuck on Bloomberg Podcasts? We like to keep it clean. Yeah, yours is clean. We say Fuster Fxler. Are you allowed to say FusterCluck? I think so, yeah. We got to check with Apple. I'm not sure. |
| 1:45.1 | Ah, there you go. |
| 1:46.0 | Always check with Apple. |
| 1:54.1 | In any case, we have all of that and a Slate Plus segment on the 0.01% rule, which is kind of awesome. |
| 1:57.6 | Coming up on Slate Money. So, Max. |
| 2:04.6 | Yes, Felix. |
... |
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