I’m Ylli Bajraktari, President of SCSP.AI, back with another edition of Memos to the President. In today’s episode of Memos to the President, I had the honor to speak with Jensen Huang, CEO of NVIDIA.
I first met Jensen Huang a couple of years ago. I was on a call with his team, and to my surprise, he dialed in himself. It quickly became clear why he is a leading figure in today’s tech landscape—engaged, forward-looking, and deeply attuned to the implications of AI at scale. As an American company that has built the global digital infrastructure for the age of AI, NVIDIA’s role in providing the computing engine behind artificial intelligence has positioned it at the center of this technological shift. For SCSP, understanding how leaders like Jensen are thinking about the future is essential to our work on U.S. competitiveness and strategic advantage.
We are living through a new industrial revolution—one defined not by steam or steel, but by the production of intelligence itself. Jensen argues that we are moving beyond a focus on raw “compute” toward a model of intelligence manufacturing. In this vision, tokenization becomes the fundamental unit of economic output—where raw energy and data are transformed into discrete packets of machine-generated intelligence. Understanding this transformation is central to the mission of the Special Competitive Studies Project and is a critical memo for any president.
That’s why I was so pleased to sit down with him again for this special episode of Memos to the President. Our conversation goes to the heart of the strategic challenges and opportunities facing the United States. Today, NVIDIA is far more than just a chip company; it has built an entire ecosystem—a full-stack platform of hardware, software, and networking that serves as the foundation for the next economy.
Jensen holds firm beliefs on the trajectory of this technology and is ready to push back on the fear-based narratives shaping the debate. We break down the AI “five-layer cake”—from energy and the foundational silicon to the software stack—and discuss the next frontiers of innovation: Agentic AI and Physical AI.
Central to our discussion was the concept of reindustrialization. Jensen sees AI as the catalyst for a modern industrial rebirth, where Physical AI and robotics breathe new life into manufacturing and domestic production.
We also tackle the hard realities of global leadership, specifically the complexities of export controls and the high-stakes U.S.-China technology competition. Beyond the hardware, we explore the path toward widespread AI adoption and the future of work in a world augmented by these systems.
This is more than a conversation about technology; it’s a look into the future of national power, economic strategy, and the world our children will inherit. I invite you to listen to my discussion with the architect of our AI-powered world, Jensen Huang.
