Jensen Huang told a room of global investors that AI is not one industry. It is five stacked on top of each other. Most people are investing in layer four and ignoring layers one through three entirely.
He called it the five-layer cake.
Layer one is energy. Jensen said this is the single greatest opportunity for the energy industry in a hundred years.
The first time in a century that the grid in most countries can actually attract serious capital. Nuclear, solar, wind, hydrogen, it does not matter what form. If it produces energy, it gets funded. Siemens, GE Vernova, Mitsubishi. That is why they are all doing so well right now.
Layer two is chips, computers, networking, and silicon photonics. Everything that processes the intelligence.
Layer three is infrastructure. Land, power, buildings, data center operations. Every single one in short supply today.
Layer four is the model layer. OpenAI, Anthropic. The layer everyone talks about.
Layer five is applications. Every startup applying AI to financial services, legal, healthcare, logistics, transportation. Last year alone, a hundred billion dollars of venture capital went into this layer. The single largest VC year in the history of humanity.
Then he said the number that stopped me cold.
We are putting one trillion dollars into this five-layer cake this year. That sounds enormous. Jensen thinks the AI industry will eventually run at twenty trillion dollars per year.
We are one trillion in of a twenty trillion dollar per year ecosystem.
Most people watching AI are staring at layer four. Jensen was describing layers one through five as a single compounding system where every layer feeds the one above it.
The people who understand that will invest differently than the people who do not.
Novak Djokovic:
โI'd just like to send a message to every young person. Whatever youโre pursuing whether itโs tennis, sports, or anything else. Be in the present, forget about the past. If you want the future, you create it. Take the means in your hands. Believe it. Create it.โ
Novak Djokovic has overcome war, Federer and Nadal, biased media, hostile crowds, a pandemic, Grand Slam cancellations, unfair disqualifications, and forced vaccinations. And now, he has won more Grand Slam titles than any man in history.
The greatest story in sports history.
Novak Djokovic having all of the biggest records in tennis is poetic justice.
Despite being unfairly villainized, detained and deported, banned from many tournaments, and robbed of ranking points, he stood by his principles and refused to surrender.
In the end, he won.
Legend.
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Novak Djokovic is one the greatest champions our sport has ever seen. The USTA and US Open are hopeful that Novak is successful in his petition to enter the country, and that the fans will be able to see him back in action at Indian Wells and Miami.