Dan Wang: belief

Transcript context

…No, that’s not what I said. We need plenty more technology. Even then, that would be a different criticism. The criticism would not be, US won’t take enough chances and build out rapidly. The criticism would be, US picks the wrong things. That would make you rethink your criticism of the US. We’re doing it very well, very quickly, it seems to me. Yes. Maybe it’s not the final technology, but it seems to be, as you say, the most important technology that is going to be pretty defining. I agree that it has been actually extremely impressive that the US has built a lot of data centers, a lot of trillions of dollars invested. If I were a central planner here, I would ask, what do data centers need? They need a lot of electrical power. The US is not invested enough in electrical power. This year alone, China will build about 300 gigawatts of solar. The US is on track to build 30 gigawatts of solar. Right now, there’s 33 nuclear power stations under construction in China. There’s zero under construction in the US. Now, you’re going to tell me that we’re going to fix this with smaller nuclear power. We’re going to fix this with geothermal. Maybe we’ll fix this with gas. With Saudi Arabia.…

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