# BG2 Markdown copy of https://realalpha.app/shows/bg2/ on Real Alpha, the best minutes from long interviews with the people building AI. Cite and link the page, not this copy. [Best AI podcasts](https://realalpha.app/best/ai-podcasts/) Investing and business · [No. 18 of 37 AI podcasts](https://realalpha.app/best/ai-podcasts/#bg2) BG2 is an investing and business show, hosted by Brad Gerstner and Bill Gurley, with a new episode every three weeks. 17 moments cut from 6 episodes, 8 with an AI builder talking, mostly on data centers & energy and investing in AI. Also [No. 9 of 17 business podcasts](https://realalpha.app/best/business-podcasts/#bg2). - [Brad Gerstner](https://realalpha.app/hosts/) - [Bill Gurley](https://realalpha.app/hosts/) **New episodes** Every three weeks **Latest** Oct 15, 2026 **Moments cut** 17 **Episodes cut** 6 What its moments are about - Data centers & energy 7 - Investing in AI 6 - Chips & GPUs 5 - Enterprise AI 4 - AI business models 4 - Jobs & the economy 4 ## Best moments from BG2 From its most-watched episodes, best first. Each plays right here. 1. BG2 · Sep 26, 2025 · 4 min **[Why even free ASICs lose to NVIDIA when power is the limit](https://realalpha.app/s/why-even-free-asics-lose-to-nvidia-when-power-is-the-limit/)** > “if somebody gave them a 15 discount you know the difference between our gross margins was called 75 points and somebody else's gross margins call it 50 to 65 points” BG2 [51:57](https://realalpha.app/v/pE6sw_E9Gh0/?t=3117) 2. BG2 · Oct 15, 2026 · 4 min **[Nvidia demand rests on three segments, not two AI labs](https://realalpha.app/s/nvidia-demand-rests-on-three-segments-not-two-ai-labs/)** > “if you just kind of look at our compute, people see a couple of labs, but I see more than that. I see five, six labs.” BG2 [1:03:59](https://realalpha.app/v/eS7qQ3WJSrw/?t=3839) 3. BG2 · Oct 31, 2025 · 6 min **[Compute demand depends on price, and a glut will come](https://realalpha.app/s/compute-demand-depends-on-price-and-a-glut-will-come/)** > “It's not a supply issue of chips. It's actually the fact that I don't have warm shells to plug into.” BG2 [18:36](https://realalpha.app/v/Gnl833wXRz0/?t=1116) 4. BG2 · Jun 11, 2026 · 4 min **[Orbital compute could cut a gigawatt's cost from $60B to $30B](https://realalpha.app/s/orbital-compute-could-cut-a-gigawatts-cost-from-60b-to-30b/)** > “the math you get to is it's about $5 billion per gigawatt of CapEx to put these in space.” BG2 [26:49](https://realalpha.app/v/Tx9jT2c6e3U/?t=1609) 5. BG2 · Aug 28, 2025 · 7 min **[Xiaomi built a car factory in three years with 2,000 workers](https://realalpha.app/s/xiaomi-built-a-car-factory-in-three-years-with-2-000-workers/)** > “The factory makes 1,000 cars a day with 2,000 employees. It was highly automated, like really highly automated.” BG2 [17:22](https://realalpha.app/v/hUJz55AsUz4/?t=1042) 6. BG2 · Jun 20, 2025 · 6 min **[AI productivity could bend the US debt-to-GDP curve](https://realalpha.app/s/ai-productivity-could-bend-the-us-debt-to-gdp-curve/)** > “I like to say that tokens trump tariffs, right? Basically. And so we're basically left with this deficit.” BG2 [30:58](https://realalpha.app/v/4JA7n0wTChw/?t=1858) ## The best BG2 episodes Ranked as our lists rank shows: a point for each best minute we cut from it, one more when an AI builder is talking, and one more when it cleared our views bar. 1. 01 [Jensen Huang | Does AI Revenue Justify Capex, '27 AI Bottlenecks, Singularity, Open vs Closed & more](https://realalpha.app/v/eS7qQ3WJSrw/) Oct 15, 2026 · 3 moments 2. 02 [All things AI w @altcap @sama & @satyanadella. A Halloween Special. 🎃🔥BG2 w/ Brad Gerstner](https://realalpha.app/v/Gnl833wXRz0/) Oct 31, 2025 · 3 moments 3. 03 [NVIDIA: OpenAI, Future of Compute, and the American Dream | BG2 w/ Bill Gurley and Brad Gerstner](https://realalpha.app/v/pE6sw_E9Gh0/) Sep 26, 2025 · 2 moments 4. 04 [The SpaceX IPO, Fable 5, AI Capex Update & Market Check w/ Gavin Baker, Andrew Fox & Clark Tang](https://realalpha.app/v/Tx9jT2c6e3U/) Jun 11, 2026 · 3 moments 5. 05 [China, China, China. Breaking Down China’s Tech Surge | BG2 w/ Bill Gurley and Brad Gerstner](https://realalpha.app/v/hUJz55AsUz4/) Aug 28, 2025 · 3 moments ## The 7 guests we’ve cut - [Jensen Huang](https://realalpha.app/builders/jensen-huang/) Founder & CEO, NVIDIA 5 moments - [Satya Nadella](https://realalpha.app/builders/satya-nadella/) Chairman & CEO, Microsoft 3 moments - [Andrew Fox](https://realalpha.app/people/andrew-fox/) Analyst, Atreides Management 2 moments - [Gavin Baker](https://realalpha.app/people/gavin-baker/) Managing partner & CIO, Atreides Management 2 moments - [Philippe Laffont](https://realalpha.app/people/philippe-laffont/) Founder & portfolio manager, Coatue 2 moments - [Thomas Laffont](https://realalpha.app/people/thomas-laffont/) 1 moment - Clark Tang 1 moment ## Recent episodes - BG2 **[Jensen Huang | Does AI Revenue Justify Capex, '27 AI Bottlenecks, Singularity, Open vs Closed & more](https://realalpha.app/v/eS7qQ3WJSrw/)** Jensen Huang · NVIDIA [1:01:57](https://realalpha.app/v/eS7qQ3WJSrw/?t=3717) of 1:39:53 · Oct 15 - BG2 **[The SpaceX IPO, Fable 5, AI Capex Update & Market Check w/ Gavin Baker, Andrew Fox & Clark Tang](https://realalpha.app/v/Tx9jT2c6e3U/)** Gavin Baker, Andrew Fox & 1 more [24:49](https://realalpha.app/v/Tx9jT2c6e3U/?t=1489) of 1:20:48 · Jun 11 - BG2 **[All things AI w @altcap @sama & @satyanadella. A Halloween Special. 🎃🔥BG2 w/ Brad Gerstner](https://realalpha.app/v/Gnl833wXRz0/)** Satya Nadella & Sam Altman [15:12](https://realalpha.app/v/Gnl833wXRz0/?t=912) of 1:14:21 · Oct 31 - BG2 **[NVIDIA: OpenAI, Future of Compute, and the American Dream | BG2 w/ Bill Gurley and Brad Gerstner](https://realalpha.app/v/pE6sw_E9Gh0/)** Jensen Huang & Clark Tang [50:22](https://realalpha.app/v/pE6sw_E9Gh0/?t=3022) of 1:44:15 · Sep 26 - BG2 **[China, China, China. Breaking Down China’s Tech Surge | BG2 w/ Bill Gurley and Brad Gerstner](https://realalpha.app/v/hUJz55AsUz4/)** [13:51](https://realalpha.app/v/hUJz55AsUz4/?t=831) of 1:06:33 · Aug 28 - BG2 **[Coatue’s Laffont Brothers. AI, Public & VC Mkts, Macro, US Debt, Crypto, IPO's, & more | BG2](https://realalpha.app/v/4JA7n0wTChw/)** Thomas Laffont & Philippe Laffont · Coatue [28:49](https://realalpha.app/v/4JA7n0wTChw/?t=1729) of 1:01:17 · Jun 20 ## Host this show? Add the badge to your site. 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