Nvidia says it now has zero market share in China for AI chips — a striking consequence of U.S. export controls that were meant to slow China's progress but may have accelerated local competition instead.

At the same time, the world's biggest tech companies — Microsoft, Alphabet, Meta, Amazon, and Apple — are reporting massive profits and strong growth. But that success is coming with a different story underneath: layoffs, restructuring, and a shift toward spending on AI infrastructure instead of hiring.

In this episode:

• Nvidia warns U.S. policy may be reshaping the global AI race
• Big Tech earnings surge while job growth lags
• Apple turns "rejected" chips into a surprise MacBook hit
• And the quiet shutdown of Ask Jeeves — the early idea that AI finally made real

The bigger question behind all of this: If tech is booming, why isn't that translating into jobs or broader economic gains?

00:00 Intro — Nvidia, Big Tech, Apple, Ask Jeeves 00:32 Nvidia loses China market — "zero percent share" 02:05 China's AI rise and the risk to Nvidia 03:15 Big Tech earnings surge — real growth numbers 04:25 Profits vs jobs — layoffs and AI spending 05:50 Apple's "Neo" MacBook surprise success 07:10 Binned chips and why demand caught Apple off guard 08:20 Ask Jeeves shuts down after nearly 30 years 09:20 From Ask Jeeves to generative AI — full circle 10:10 Closing thoughts — where are the jobs?

Nvidia says it now has zero market share in China for AI chips — a striking consequence of U.S. export controls that were meant to slow China's progress but may have accelerated local competition instead.

At the same time, the world's biggest tech companies — Microsoft, Alphabet, Meta, Amazon, and Apple — are reporting massive profits and strong growth. But that success is coming with a different story underneath: layoffs, restructuring, and a shift toward spending on AI infrastructure instead of hiring.

In this episode:

Nvidia warns U.S. policy may be reshaping the global AI race Big Tech earnings surge while job growth lags Apple turns "rejected" chips into a surprise MacBook hit And the quiet shutdown of Ask Jeeves — the early idea that AI finally made real

The bigger question behind all of this: If tech is booming, why isn't that translating into jobs or broader economic gains?

Chapters

00:00 Intro — Nvidia, Big Tech, Apple, Ask Jeeves 00:32 Nvidia loses China market — "zero percent share" 02:05 China's AI rise and the risk to Nvidia 03:15 Big Tech earnings surge — real growth numbers 04:25 Profits vs jobs — layoffs and AI spending 05:50 Apple's "Neo" MacBook surprise success 07:10 Binned chips and why demand caught Apple off guard 08:20 Ask Jeeves shuts down after nearly 30 years 09:20 From Ask Jeeves to generative AI — full circle 10:10 Closing thoughts — where are the jobs?