Part 7/14:
Ross highlighted the intense competition among tech giants—especially the so-called “Mag 7”—to remain in the top tier. Staying among these elite players demands relentless investment. He explained that “if you're not in the top 10 valuation-wise, you’re unlikely to compete meaningfully,” creating a "spending race" where big players pour resources to maintain dominance.
He pointed out that current AI giants like OpenAI, Google, and XAI are poised for sustained influence, each fighting for AI’s future. Nvidia, a critical player with its GPU dominance, continues to invest hundreds of billions into infrastructure, hardware, and software development.