00:00 Speaker a
It feels like we're talking a bit, let's do it like the heavy industry part of the AI cycle, right? It's a big data center and many chips. Well, you know, you're thinking about things like robotics, automation. The more I thought about it, the more I read about it. What are those opportunities? And what are the companies, perhaps you'll see, in those spaces, that robotics, um is an automation area that is part of AI trading, but as you know, I don't think some of these Mega Cap uh Chip related names have a buzz.
00:54 Zeno
Yes, I think it's a great way to see it. I think that's how we've seen it for a long time. As you know, we were behind the world's first robotics index and ETF, launched in 2013. So we've always kept our eyes on it and focused on its physical automation. Well, if we look at similar parallel stories like silicon we're looking at now, it's um robotics and let's call it the edge and reasoning of AI. We are looking at another, and broader stroked whh, a set of players you know, involved. Therefore, you are clearly accompanied by force. So Infineon and other companies not only support power use in data centers, but also form factors, not only with the edge and robots, drones, and the formats displayed, sensor calculation limits and power calculation limits. So companies that help you get the maximum value and companies such as energy, form factor UH, quality. Well, that would really be a table stake to develop the next frontier. And obviously, robot simulations are accelerating quickly to enhance these capabilities. So you know, going from SIM is how it's an industry phrase and involves having the right hardware and software stack. So, uh
02:29 Zeno
You get both of them, like both physical automation and digital automation within the robot, and think about strategies. Um, again, you know, say, um, you know, um, at one point it was traded at $200 per share. It's $85 per share. It is beginning to gain that reasoning and rising edge economy. They won a rather big partnership with the Insta 360 with camera footage at 360 UH degrees. But if you start thinking like that, okay, what's the next big growth factor? It's really that edge intelligence and isn't actually priced the same way. And these companies also have small market capitalizations. So they have more room to grow and at some point they have only the money the economy can afford to invest in a particular sector. We're like game theory, power theory, power dynamics theory, data centers, where are we? And ultimately, we will see more and more things happen at the edge with smaller models and autonomy. But don't forget that they lead to the clouds. So once again, connectivity is a major consideration. So names like CloudFlare, Qualcomm, MediaTek, and others are all more important than calling them even longer periods. Well, there are even major opportunities in these data centers. Well, data centers are the biggest investment in the next two or three years, but we're starting to see these other areas really take off. And, for example, I think we're starting to win a season. I've started to get more excited about this. We have seen a few years of economic recession, especially for the robotics industry, which may surprise many people listening here today.
05:21 Speaker a
Yes, just looking at that Ambarella stock chart is interesting. That's like there's still a coexistence overhang there. Well, stock is still down since the end of 2021. Well, you mentioned hardware right away, which made me think about the meta we saw from them last week. Well, you know, both the technical aspects of it and what you want them to ultimately be on the massive consumer side.
06:18 Zeno
Yeah, look, I wasn't so excited about Metaverse as a pure Metaverse like virtual reality. It's like most of our lives and we should actually be in the real world. So I'm always excited about things that can enhance our daily lives. Um, their latest UH metadisplay and neural bands, um, that's a step towards that. SDKs are currently limited to ecosystems. So I think that's what needs to happen. But there's a long story for those who know, missed it or don't know much, but now there are these glasses that have a small display with a pretty seamless and high quality display, and it's there and you have a wristband that you can control right now. So, keyboards, mice, uh, my thoughts are excluded from having SDKs open to partners to do things like that ultimately control what's around your home. Well, what you really see is what I've been calling for for a while, like the post-smartphone economy, but we've been sticking to our little, comfortable bricks for a long time. Well, we can really get through it. Again, it looks back at Google Glasses I had 10 years ago, like I actually won the event. But um, we really have hardware constrained and software constrained, both improving to the point where local and cloud computing and device connectivity and the ability to do form factors that are comfortable for humans as well as robots. Well, the two have a lot of parallelism in terms of which ones they combine to provide real-time. Well, it's like it's one of the mottos of the robotics industry. It defines a robot. Again, um, we're becoming a little more cyborg, but more like a fantasia like power. Well, I don't have Facebook right now so I need to see someone like me leading to something else. Again, um, there's an entire stack of hardware and software for Taiwan's semiconductor support companies to create these chips on the infrared side, and the edges have not only the meta side, but also the connectivity and sensors and streams above and below, from there. Again, I'm really excited that all these different areas are coming together, especially as we head towards 2026.
09:23 Speaker a
Yes, I agree. I'm tired of having a phone, but I think the only solution I can guess will one day be more technology. It's okay, um, we'll leave it there. thanks so much.
09:36 Zeno
thank you.
