00:07:23 · Jordi Hays, John Coogan
[00:07:23] S0: Definitely like the most sus company in the world. [00:07:27] S1: Yeah. Was saying like if you went to Silicon At [00:07:31] S0: in at least in tech. [00:07:32] S1: If you went to Silicon Valley and you were... So this is this is the actual structure. Seven Road International is a Singaporean subsidiary of a Chinese owned company that owns Wang Lei Limited which is Alice Wang's ownership vehicle that's registered in the British Virgin Islands. [00:07:48] S0: Wait. She doesn't own her ownership vehicle? [00:07:49] S1: And that owned Swift Data PTE Limited in Singapore, which is now owned by James Tan from November 23 onward. And that owns Mega Speed International. I'm I'm just trying to parcel all this out. I... There's a lot more investigative journalism that needs to happen to actually really piece [00:08:05] S0: this together. This is like... Yeah. Credit to... [00:08:07] S1: My take, but... [00:08:08] S0: Credit to the New York Times and other publications... Yeah. Bloomberg, Wall Street Journal. This over a year ago. [00:08:14] S1: Yeah. Yeah. Yeah. Yeah. But yeah. Yeah. You bring to me a seed round with this structure. Yeah. Yeah. Oh, We're Chinese Singaporean and we're owned by the British Virgin Islands, but then it goes back to Singapore and back to China. It's like the most circular... [00:08:26] S0: Yeah. I this was this was a was a black swan [00:08:32] S1: Mhmm. [00:08:32] S0: For me. It was. Because... Yes. Look, it's been very obvious forever that Jensen has not wanted to lose the Chinese market. Yeah. He has constantly advocated for
00:08:32 · Jordi Hays, John Coogan, S4
[00:08:32] S0: For me. It was. Because... Yes. Look, it's been very obvious forever that Jensen has not wanted to lose the Chinese market. Yeah. He has constantly advocated for [00:08:46] S1: Yeah. [00:08:47] S0: For selling chips to China, clearly wants to do it. I don't think it's for malicious reasons. [00:08:53] S4: Mhmm.
00:08:53 · S4, Jordi Hays, John Coogan, Jonathan Neman
[00:08:53] S4: Mhmm. [00:08:53] S0: I think he sees that China is the second biggest computing market. He wants to be there. I think he knows that China is going to remove their dependency on US chips ASAP one way or another. And so he's looking at it as I just want to make as much money. It's sort of like a loyalty to the dollar. Think he wants to make as much money as he can in the Chinese market while he can and understand that it will be lost either way over time. Yes. I don't think he... And another way to read that is that he doesn't believe in sort of ASI. Doesn't believe in X risk. He doesn't He's not worried about He just doesn't... He's like, I make computers. I sell them. I want to sell as many as And there's a lot of ways you can criticize that. There's a lot of ways you can criticize that. Dwarkesh is looking, you know, the the interview where he's pushing him on like, why are you selling nukes to China? Jensen says, that's ridiculous. Yeah. It's like, you know, this isn't... Stochastic merits basically. Yeah. You know, the the the analogy doesn't make any sense, blah blah blah. But you can read you can read into that as like, this guy does not believe in sort of any any anything like ASI related. He's like, I make computers. Yeah. I wanna sell computers. Totally. So all that being said, this was like just so incredibly sloppy and unnecessary. And like, you should have had a million people around [00:10:30] S1: you Yeah. [00:10:31] S0: That would step in and say like, you know, this looks really bad. [00:10:36] S3: Sure.
00:10:36 · Jonathan Neman, Jordi Hays, John Coogan
[00:10:36] S3: Sure. [00:10:36] S0: Just why are you doing this? [00:10:38] S1: Yeah. [00:10:38] S0: You run the largest or one of the largest companies in the world. You're you're under incredible scrutiny. You have to be in DC constantly. And... There's [00:10:48] S1: a... There's plenty of demand in America. This was another thing. Was like, you don't even need to sell the GME's to China because there's so many Americans that wanna buy them. [00:10:56] S0: So it's like basically like greed and lust got him into this Yeah. Situation. Yeah. And I was still... I don't I don't know. I still... Going into yesterday, I wanted to believe that Alice was trying and and they were in the same places at times. Yeah. But, you know, he was just like, I'm all business. I'll sell you some some chips. And so Totally. Seeing him admit this was was super disappointing and I feel horrible for, you know, his family and and really everyone involved. It's like out of... Like, if you had told me this two years ago, I would have said like, like, that's a funny like AI 2027 scenario like that, you know. Yeah.
00:10:56 · Jordi Hays, John Coogan
[00:10:56] S0: So it's like basically like greed and lust got him into this Yeah. Situation. Yeah. And I was still... I don't I don't know. I still... Going into yesterday, I wanted to believe that Alice was trying and and they were in the same places at times. Yeah. But, you know, he was just like, I'm all business. I'll sell you some some chips. And so Totally. Seeing him admit this was was super disappointing and I feel horrible for, you know, his family and and really everyone involved. It's like out of... Like, if you had told me this two years ago, I would have said like, like, that's a funny like AI 2027 scenario like that, you know. Yeah. [00:11:44] S1: I mean, it was a meme. Like last year, it got to be such a meme of like the CCPGF, oh, if you're doing anything in AI, like China's gonna send a honeypot for you. And a lot of people were saying like, okay, look, that's over the top, and potentially offensive. And also, dude, no one's sending a honeypot after you're like rapper. Like, you're not like actually that important. Yeah. But a lot of people were like, oh, yeah. Like, I like, the China would love to get what I'm building, you know, and it was kind of like Yeah. This ridiculous thing. But the fact that it was like a public meme that had been like beaten to death on the timeline that people... It wasn't even funny anymore and then it still happens is crazy. It's really, really crazy. [00:12:26] S0: No. A mistake of historical significance. [00:12:33] S1: Yes. Like... Yeah. No. Totally.
00:12:33 · John Coogan, Jordi Hays
[00:12:33] S1: Yes. Like... Yeah. No. Totally. [00:12:36] S0: Like Now... How how do you how do you let how do you let this how do you let... I mean, it's just like incredibly incredibly incredibly incredibly careless.