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Sourcery with Molly O'SheaBlackRock's Tony Kim on AI's Next Winners? Chips, Memory, Robotics & Quantum
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Episode Details
EPISODE INFO
- Released
- July 24, 2026
- Duration
- 1h 8m
- Channel
- Sourcery with Molly O'Shea
- Watch on YouTube
- ▶ Open ↗
EPISODE DESCRIPTION
Tony Kim is Managing Director and Head of the Global Technology Team within Fundamental Equities at BlackRock. Recorded at the RAISE Summit in Paris, where Tony spoke on 4 panels, next-gen accelerators with d-Matrix, quantum computing with PsiQuantum, optics in data center design with Lumentum, and XPU and AI chip co-design with Broadcom. Tony breaks down the shift from a software-centric world to a compute-centric one, and why roughly $1 trillion of CapEx this year, and $10 trillion over the next 5 years, is being spent to move data centimeters and millimeters. He maps the market cap transformation, roughly $10 trillion in software, services, and internet, $20 trillion in Mag 7, and $30 trillion in non-Mag 7 chips and hardware. We cover the RAMpocalypse and why memory intensity is skyrocketing as AI models start to mirror the human brain, the 3 to 4 year duration mismatch between fab buildouts and today's demand, and the move from copper to light inside the data center. Tony also lays out his capital allocation framework, 90% in the 3-year AI vortex and the rest on frontier bets like quantum, orbital data centers, SMRs, and 800-volt power architectures, all converging on 2030. Plus, the coming wave of 30 to 40 Chinese robotics IPOs, mixing Chinese robot bodies with Western brains, his contrarian case for social robots addressing loneliness and aging populations, token flow as the new enterprise framework, and the mentors who shaped his career. We cover: › Why AI is forcing a complete rebuild of data centers › The shift from software to compute › Why memory becomes the next critical bottleneck › The future of AI chip co-design › How investors should think about AI infrastructure › Quantum, orbital data centers and the road to 2030 › Why robotics could become AI's next trillion-dollar market › China's robotics advantage › The enterprise AI stack and "token flow" › How BlackRock evaluates long-term technology investments Tony Kim: https://www.linkedin.com/in/tony-kim-3150053/ Molly O’Shea: https://x.com/MollySOShea Sourcery: https://x.com/sourceryy 𝐄𝐏𝐈𝐒𝐎𝐃𝐄 𝐋𝐈𝐍𝐊𝐒 Apple Podcasts: https://podcasts.apple.com/in/podcast/blackrocks-tony-kim-the-%2410-trillion-ai/id1738124704?i=1000778182752 Spotify: https://open.spotify.com/episode/38fsnkYSliGJvVO9Cuh7LS?si=O3z7skIMQuqORtnizJxPJw 𝐒𝐏𝐎𝐍𝐒𝐎𝐑𝐒
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SPEAKERS
Molly O'Shea
hostHost of Sourcery with Molly O'Shea, interviewing tech and AI leaders and reading show sponsor segments.
Tony Kim
guestBlackRock global technology investment leader discussing AI infrastructure themes such as chips, memory, robotics, and quantum.
Molly O'Shea
hostHost of Sourcery with Molly O'Shea, handling closing questions, sponsor reads, and episode outros.
EPISODE SUMMARY
In this episode of Sourcery with Molly O'Shea, featuring Molly O'Shea and Tony Kim, BlackRock's Tony Kim on AI's Next Winners? Chips, Memory, Robotics & Quantum explores AI flips value to compute: data centers, memory, robotics, 2030 Tony Kim argues AI has flipped tech from software-centric value capture to compute- and hardware-centric economics, forcing investors to “rethink everything.”
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