IPO of the year? Technology of the year? @Scott Galloway shares his 2025 predictions on our latest episode. Listen to all of Scott and Kara’s predictions, wherever you get your podcasts. #pivot #podcast #predictions #nvidia #openai #shein #nuclear

2025 will be the year of a new duopoly. OpenAI and NVIDIA right now control arguably 90% of all traffic in AI, 90% of the queries, 90% of the queries of the processors that are powering those answers to those queries are those two firms and so it'll be kind of the new Wintel and people start referring it to it as the most powerful duopoly in the world. We haven't seen, I think we're going to see a bunch of raft of new unicorns in the application layer of AI. We have the infrastructural layer, we have the LLMs themselves, but every innovation or new technology creates a bunch of interesting consumer applications. IPO of the year, I think it's going to be an interesting one because it's probably going to have an alumni exchange, Xi'an. These asset-light models and disclosure, I'm an investor, but if you look at Airbnb versus Marriott, it needs a third of the employees for the same revenue. If you look at Zara, they're doing about 400,000 per employees, whereas Xi'an's at 2 million per employee. If you look at Uber versus the car manufacturers, these asset-light, all IP intensive versus CapEx intensive companies, Xi'an doesn't own a single truck, factory, warehouse, store. It's all software driven and this year it's bigger than Amazon retail in apparel and next year it's going to pass Walmart to be the best apparel retailer in the world and it's going public on the London exchange. I think for a lot of reasons that's going to quote-unquote be the IPO of the year. I think the technology of the year is nuclear. You just saw Facebook basically put out an RFP saying build us a nuclear power plant. The friction in AI is energy. It requires 10 times the energy and people have realized that it's one of the safest, most productive, most reliable sources of energy. It's just been terribly branded the last 20 or 30 years, but some of the biggest brains have turned their massive capital fire hoses on nuclear. 2025 is going to be the year of nuclear. That'll be the technology of the year.