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ASML CEO Sees AI Spending ‘Arms Race’

ASML CEO Christophe Fouquet says artificial intelligence investing now resembles an “arms race,” but that he sees no bubble in the industry. The Dutch company is Europe’s most valuable company, and one of the most important cogs in the global AI supply chain. ASML has a near-monopoly on extreme ultraviolet lithography machines, which are vital…

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ASML CEO Christophe Fouquet says artificial intelligence investing now resembles an “arms race,” but that he sees no bubble in the industry. The Dutch company is Europe’s most valuable company, and one of the most important cogs in the global AI supply chain. ASML has a near-monopoly on extreme ultraviolet lithography machines, which are vital for manufacturing advanced chips. Bloomberg’s Tom Mackenzie spoke to Christophe Fouquet in an exclusive conversation at the company’s headquarters in Veldhoven, the Netherlands, on November 14.

Watch the full episode:

00:00 Lithography and chipmaking
00:50 The future of lithography
02:33 Mistral AI investment
04:00 Is there an AI bubble?
06:00 AI boom: Does spending make sense?
06:45 The AI arms race
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7 Comments

7 Comments

  1. @GMorning10

    December 13, 2025 at 3:54 am

    Brown shoes match well with colorful socks and tight pants😂

  2. @Oldaker

    December 13, 2025 at 4:52 am

    Crazy cool company

  3. @alexanderrose1556

    December 13, 2025 at 9:30 am

    Speaking of the “guy selling the shovels during a gold rush” this is that guy and this is that shovel company.

  4. @jf6882

    December 13, 2025 at 3:33 pm

    I’m buy more ASML stock every month. This Monopoly won’t be broken.

  5. @Tylern7

    December 14, 2025 at 10:05 am

    All this AI spending yet Siri is still retarded.

  6. @Weathering123

    December 14, 2025 at 10:36 am

    ASML will be done after the Hi NA EUV. Like it or not China is pursuing a strategy of DUV + Deposition/Etching (Multi-patterning) to bypass EUV, and there is indeed major research into new materials to replace silicon. It over

  7. @robertjanhoning3922

    December 14, 2025 at 1:37 pm

    Great, I believe in ASML as a major innovator for the future, non-complacency is the most important test to stay invested with them.But,…what is it about those socks of these guys?

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Bloomberg Technology

Khosla Ventures Bets on AI’s Next Frontier: Science

Khosla Ventures is backing Discovery Loop, a new AI startup founded by former Google leaders including Jeff Dean that aims to dramatically accelerate scientific experimentation. Khosla Ventures Managing Director Samir Kaul explains why the firm quickly decided to invest, and why he believes the opportunity could be as profound as frontier AI models. He also…

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Khosla Ventures is backing Discovery Loop, a new AI startup founded by former Google leaders including Jeff Dean that aims to dramatically accelerate scientific experimentation. Khosla Ventures Managing Director Samir Kaul explains why the firm quickly decided to invest, and why he believes the opportunity could be as profound as frontier AI models. He also discusses why soaring technology valuations are forcing venture investors to rethink what “seed stage” even means. He joins Ed Ludlow on “Bloomberg Tech.”
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Bloomberg Technology

Meta Safety Trial Could Reveal What Zuckerberg, Others Knew

Meta is facing a landmark legal battle with 29 states accusing the company of deliberately designing its platforms to keep children hooked while misleading the public about their safety. George Washington University law professor Mary Anne Franks explains the state and federal claims, why the case has drawn comparisons to tobacco litigation, and why the…

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Meta is facing a landmark legal battle with 29 states accusing the company of deliberately designing its platforms to keep children hooked while misleading the public about their safety. George Washington University law professor Mary Anne Franks explains the state and federal claims, why the case has drawn comparisons to tobacco litigation, and why the biggest consequence may not be the potential financial penalty, but what internal documents reveal about what Meta knew and when. She joins Ed Ludlow on “Bloomberg Tech.”
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Bloomberg Technology

Anthropic Preps for Blockbuster Public Listing | Bloomberg Tech 8/21/2026

Bloomberg’s Ed Ludlow takes a look at Anthropic as the AI company expects to match or top the size of SpaceX’s record-setting IPO. Plus, sources say Broadcom is in talks to raise more than $60 billion in debt to help Anthropic and others secure chips and computing power, and all eyes are on Nvidia as…

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Bloomberg’s Ed Ludlow takes a look at Anthropic as the AI company expects to match or top the size of SpaceX’s record-setting IPO. Plus, sources say Broadcom is in talks to raise more than $60 billion in debt to help Anthropic and others secure chips and computing power, and all eyes are on Nvidia as the chipmaker reports earnings next week.

00:00:00 – Bloomberg Tech Begins
00:00:59 – Shirin Ghaffary & Liana Baker, Bloomberg News
00:05:55 – Sarah Frier, Bloomberg News
00:08:23 – Ryan Gould, Bloomberg News
00:11:59 – Erika Klauer, Science and Technology Partners
00:18:07 – Brody Ford, Bloomberg News
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00:41:02 – Kunjan Sobhani, Bloomberg Intelligence
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“Bloomberg Technology” is our daily news program focused exclusively on technology, innovation and the future of business hosted by Ed Ludlow from San Francisco and Caroline Hyde in New York.

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