Thu. 05/29 – Somebody Knows Victoria’s Secrets
Techmeme Ride Home
Brian McCullough
4.7 • 984 Ratings
🗓️ 29 May 2025
⏱️ 21 minutes
🧾️ Download transcript
Summary
Nvidia had solid earnings, though they’re quite concerned about being boxed out of China. The apparent hack of Victoria’s Secret gave me a dad-joke-title for today’s episode. Why DeepSeek’s recent R1 update is a bigger deal than even they are letting on. And why the CEO of Anthropic says we should be more worried about the AI he’s unleashing than people are aware.
Links:
- Nvidia beats on earnings and revenue as data center sales jump 73% (CNBC)
- Nvidia CEO Warns That Chinese AI Rivals Are Now ‘Formidable’ (Bloomberg)
- NVIDIA GeForce NOW launches a native Steam Deck app, unlocking 4K cloud gaming & extended battery life for Valve's handheld (Windows Central)
- Victoria’s Secret takes down website after security incident (BleepingComputer)
- Apple to Launch iOS 26, macOS 26 in Major Rebrand Tied to Software Redesigns (Bloomberg)
- DeepSeek Quietly Drops AI Update That Outperforms Google's Best (Implicator.ai)
- Behind the Curtain: A white-collar bloodbath (Axios)
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Transcript
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| 0:00.0 | Welcome to the TechMeme Right Home for Thursday, May 29th, 2025. I'm Brian McCullough today. |
| 0:09.3 | NVIDIA has solid earnings, though they're quite concerned about being boxed out of China. |
| 0:14.5 | The apparent hack of Victoria's Secret gave me a dad-joke title for today's episode. |
| 0:20.5 | Why Deep Seek's recent R1 update is a bigger deal than even they are letting on, |
| 0:25.0 | and why the CEO of Anthropic says we should be more worried about the AI he's unleashing |
| 0:30.6 | than people are currently. |
| 0:33.2 | Here's what you miss today in the world of tech. |
| 0:38.5 | At the time of this writing, |
| 0:40.3 | Nvidia is back to being the most valuable company in the world. |
| 0:43.7 | That comes after Nvidia reported Q1 revenue was up 69% year over year to $44.06 billion |
| 0:51.4 | above the $43.31 billion that was estimated. Their data center revenue was up |
| 0:58.0 | 73% to $39.1 billion, and their net income was up 26% to $18.78 billion. Quoting CNBC. |
| 1:07.8 | Invidia says it expects about $45 billion in sales in the current quarter versus LSEG estimates of |
| 1:14.9 | $45.9 billion in sales in the July quarter. The company said its guidance would have been about |
| 1:20.1 | $8 billion higher except for lost sales from a recent export restriction on its China-bound H-20 chips. |
| 1:27.3 | During the quarter, the U.S. government informed NVIDIA that its previously approved H-20 |
| 1:31.2 | processor for China would require an export license. |
| 1:34.2 | NVIDIA said it incurred $4.5 billion in charges related to excess inventory for the chip |
| 1:38.8 | and would have recorded $2.5 billion in extra sales if the chip hadn't been restricted. |
| 1:43.7 | NVIDIA said its gross |
| 1:44.9 | margin of 61% for the quarter would have been 71.3% if not for the China-related charge. |
| 1:50.5 | NVIDIA CEO Jensen Huang told investors on an earnings call that the $50 billion market in China |
... |
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