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Equity

Trillion with a ‘T’? That’s a lot of dollars, Nvidia.

Equity

TechCrunch

Founders, Silicon Valley, Finance, Ipo, Vc, Technology, Business News, Startups, Business, Venture Capital, News, Stock Market, Entrepreneurship, Techcrunch

4.2365 Ratings

🗓️ 29 August 2025

⏱️ 30 minutes

🧾️ Download transcript

Summary

Nvidia reported another massive quarter this week with $46.7 billion in revenue, a 56% year-over-year increase driven almost entirely by AI demand. But despite CEO Jensen Huang's bold prediction of $3 to 4 trillion in global AI infrastructure spending in the next five years, the stock slid as investors questioned how long this kind of growth can last. Today on Equity, Kirsten Korosec, Max Zeff, and Anthony Ha dive into Nvidia's earnings and what the market's response reveals about investor confidence in the AI boom's longevity. Listen to the full episode to hear: Who made the cut for the 2025 Startup Battlefield 200, and how Equity’s hitting the stage at this year’s TechCrunch Disrupt OpenAI and Anthropic's rare AI safety testing collaboration, despite recent moves to cut each other off from their APIs RoboMart's new autonomous delivery robot, which could challenge Uber Eats with $3 flat fees Why the US government's potential 10% stake in Intel might not be the salvation the chipmaker needs How venture capital firms like a16z are flooding Washington, D.C. with lobbying dollars, outspending entire industry groups As always, Equity will be back for you next week, so don't miss it! Equity is TechCrunch’s flagship podcast, produced by Theresa Loconsolo, and posts every Wednesday and Friday.  Subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts. You also can follow Equity on X and Threads, at @EquityPod.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This is a paid ad by Fidelity Private Shares. A messy or missing cap table might not just slow you down. It could cost you your next fundraising round.

0:08.5

Hello and welcome back to Equity, TechCrunch's flagship podcast about the business of startups. Today is Friday, August 28th. I'm Kirsten Koresak, Transportation Editor at TechCrunch, and I'm joined, as always,

0:26.5

with TechCrunch Senior AI Reporter Max Zeph and weekend editor Anthony Ha.

0:31.6

Well, I'm excited to see both of you in person in, I guess, just a couple months at Disrupt.

0:36.4

The opportunity, I mean, it's great for a variety of reasons, but one of those reasons is the Tech Crunch staff actually gets to hang out in person. But of course, the headline event, I would argue, is the startup battlefield

0:42.0

and we've just announced the Startup Battlefield 200, which are a variety of companies that are

0:48.5

going to either be presenting on stage or they're going to be featured at disrupting different

0:52.6

ways. Kirsten, have you looked at the list you have a favorite company yet?

0:55.8

Well, okay, so we shouldn't do favorite companies, right?

0:58.7

But yes, I have looked actually at the list quite a bit.

1:02.1

And you didn't mention the most exciting part about Battlefield, which is that you will be hosting.

1:06.4

Yet again, you're sort of like tied an iconic part of Battlefield.

1:13.7

But yes, I have looked at them.

1:17.9

And there's a bunch of companies I'm super interested in. One, I ended up doing kind of like this deep dive on. It's called Ahoy, A-H-I-O. And they don't describe themselves like this, but I sort of do.

1:25.8

They're sort of like the ways of like crowdsourced on

1:29.8

accessibility. So is that ramp actually functional? Can you get into this building? Really fascinating

1:36.3

and interesting like co-founder list, including this one guy who has, I'm not going to even get

1:42.0

into it. I could talk about it all day long, but I'm obsessed with the podcast that he is a part of called Blank. And I'll just put it that. He survived this thing called Lockton Syndrome. So I highly recommend everyone just do this deep dive. It's a very interesting startup, but there's a ton of other ones too. Max, I'm sure you've seen some of them, lots of AI in there.

2:02.5

Yes, lots of really impressive startups that are working with big AI companies.

2:08.5

We have a really good crop this year. And Anthony, I talked to the people at the Moscone Center,

2:13.4

and we are going to get you set up with a sleeping bag, water and food, so you can just live on

2:18.3

the stage this year. So that should be really good. Does that work? That sounds horrible,

...

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