{"id":235898,"date":"2025-12-11T09:58:35","date_gmt":"2025-12-11T14:58:35","guid":{"rendered":"https:\/\/ibkrcampus.com\/campus\/?p=235898"},"modified":"2025-12-11T10:10:04","modified_gmt":"2025-12-11T15:10:04","slug":"can-1940s-infrastructure-handle-2040s-technology","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/podcasts\/ibkr-podcasts\/can-1940s-infrastructure-handle-2040s-technology\/","title":{"rendered":"Can 1940s Infrastructure Handle 2040s Technology?"},"content":{"rendered":"\n<p>Join host Andrew Wilkinson and guest Alex Gunz as they explore whether aging power grids and legacy infrastructure can sustain the explosive growth of AI, robotics, and future technologies. From data deluges to energy bottlenecks, they break down the challenges and opportunities shaping the next decade of innovation.<\/p>\n\n\n\n<iframe title=\"Can 1940s Infrastructure Handle 2040s Technology?\" allowtransparency=\"true\" height=\"150\" width=\"100%\" style=\"border: none; min-width: min(100%, 430px);height:150px;\" scrolling=\"no\" data-name=\"pb-iframe-player\" src=\"https:\/\/www.podbean.com\/player-v2\/?i=kv6nr-19ea536-pb&#038;from=pb6admin&#038;share=1&#038;download=1&#038;rtl=0&#038;fonts=Arial&#038;skin=1b1b1b&#038;font-color=ffffff&#038;logo_link=episode_page&#038;btn-skin=c73a3a\" loading=\"lazy\"><\/iframe>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-summary-ibkr-podcasts-ep-331\">Summary \u2013 IBKR Podcasts Ep. 331<\/h2>\n\n\n\n<p><em>The following is a summary of a live audio recording and may contain errors in spelling or grammar. Although IBKR has edited for clarity no material changes have been made<\/em>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-andrew-wilkinson-nbsp\"><strong>Andrew Wilkinson<\/strong>&nbsp;<\/h3>\n\n\n\n<p>Welcome to today&#8217;s episode. It&#8217;s that time of the year again when analysts and portfolio managers compile their review of the year and often provide us with a glimpse into next year. My guest today has his finger on the pulse of technology, particularly future tech. So welcome back to the program, Alex Gunz, portfolio manager at\u2014how are you, Alex?&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-alex-gunz\"><strong>Alex Gunz<\/strong><\/h3>\n\n\n\n<p>Wonderful, Andrew. Thanks so much for having me on the show, and as you say, it&#8217;s a very pertinent time of the year where everyone is asking us how we see the world for the next 12 months ahead.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-andrew-wilkinson-nbsp-0\"><strong>Andrew Wilkinson<\/strong>&nbsp;<\/h3>\n\n\n\n<p>Well, you&#8217;ve just released the latest edition of the Annual Future Trends compendium. So in a sentence or two, Alex, what&#8217;s the core thesis of Volume 12 and how does it evolve last year&#8217;s view?&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-alex-gunz-0\"><strong>Alex Gunz<\/strong><\/h3>\n\n\n\n<p>Well, it is great to have the opportunity to talk about this, Sandra, and I guess the way to frame any conversation on this topic is, look, we&#8217;ve been writing about investing in future trends for over a decade by now, and each compendium really represents a continuation, a follow-on from the prior one. And really at the heart of everything we do, it&#8217;s this very sort of Darwinian idea. Darwin famously said it&#8217;s not the strongest of species or the most intelligent\u2014and we might replace that word with businesses or trends\u2014but those that are most responsive to change that will actually succeed. So what we&#8217;re really trying to track and to monitor as effectively as possible is how the key trends that we follow have been evolving in the last year. Now, as you are aware, and as all your listeners will be aware, the topic which is undoubtedly front of mind is AI. And AI, we&#8217;ve all seen over the last 12 months, has accelerated massively. There are obviously caveats to this growth\u2014I&#8217;m sure we&#8217;ll cover some of these later on in the course of this show\u2014but really, I think the key takeaway that we are seeking to highlight in this document is AI is not going to leave any industry untouched. It will only widen the gap between the winners and the losers, but the path from here to the sort of metaphorical sunlit uplands promised by AI is not going to be linear, just like it has never been linear for any other general-purpose technology in the past.\u00a0<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-andrew-wilkinson-nbsp-1\"><strong>Andrew Wilkinson<\/strong>&nbsp;<\/h3>\n\n\n\n<p>So let&#8217;s start then with data growth and the opportunity for AI. The amount of data produced globally is growing exponentially, with projections showing that data creation in 2020 represents just about 1% of what&#8217;s expected by 2030, and most of it will be unstructured. How do you see AI models evolving to handle this data deluge? And what are the biggest opportunities and challenges in parsing unstructured data at scale?&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-alex-gunz-nbsp\"><strong>Alex Gunz<\/strong>&nbsp;<\/h3>\n\n\n\n<p>There&#8217;s a lot to unpack in that question, Andrew, without a doubt. And I think really the way I would begin to answer this is go back to the very, very first piece of thematic work we ever wrote. We called that, in fact, <em>The Data Deluge<\/em>, and we argued that the amount of data produced and consumed is only going to grow exponentially. However, that data, or those data, will have zero value unless you secure them, you store them, and you analyze them. That creates a whole range of investment opportunities. And again, to reiterate, what AI has done has really been to turbocharge this dynamic\u2014to put it on steroids. So if we go to the beginning of your question, it really does not matter how good your algorithm is unless you actually have that data in the first place. And the businesses that will be most successful, that will be able to get most out of their data, will be able to use AI to leverage those data insights most effectively, will actually begin with high-quality datasets and datasets which, even if they&#8217;re unstructured today, with the help of algorithmic support can actually make them more structured going forward. So we think it is about the quality of the data\u2014number one\u2014that will actually dictate how we see this whole dynamic unfolding. I would add to this that, you know, when we think about the sort of modern technology ecosystem, if you will, clearly cloud compute is one part of the equation; AI is the second part of the equation; and I think it&#8217;s a theme we haven&#8217;t covered so much in this year&#8217;s compendium, but we&#8217;ve discussed it on this program in the past\u2014we&#8217;ve written about it previously too. But really, the third pillar, I would argue\u2014we would argue\u2014of modern computing is quantum. And quantum, just to remind you, to remind all of our listeners, is really this advanced model for computing, whereas rather than just having zeros and ones in a sort of traditional binary world, you can be zero <em>and<\/em> one at the same time, to put it very, very simplistically. And we would argue that quantum really represents this way of accelerating everything, and it can help actually deal with some of these unstructured data challenges.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-andrew-wilkinson-nbsp-2\"><strong>Andrew Wilkinson<\/strong>&nbsp;<\/h3>\n\n\n\n<p>Alex, US data centers are projected to consume more than 10% of the nation&#8217;s total power by 2030, and fast forward two weeks, that&#8217;s only four years away. What are the biggest challenges and opportunities to securing reliable energy sources for these factories of the 21st century? How do you see the energy mix evolving to meet this demand?&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-alex-gunz-nbsp-0\"><strong>Alex Gunz<\/strong>&nbsp;<\/h3>\n\n\n\n<p>I&#8217;m really glad you asked that question, Andrew, because I think it&#8217;s absolutely critical, and really pretty much everyone we speak to in our network would suggest that this is really the key bottleneck. You can talk as much as you would like about AI, how it&#8217;s going to change and revolutionize the world, but if you don&#8217;t have the power to support it, then really the rest of the debate is irrelevant. And there are probably two quotes that really spring to mind that I&#8217;ve heard from chief executives recently in this context. One described the sort of land grab or power grab for data a bit like being akin to <em>Game of Thrones<\/em>\u2014you know, everyone is trying to reach that metaphorical land, iron throne, having that secured source of data. The second, which I think is perhaps more interesting and more nuanced and really captures the essence of your question, is that the debate\u2014and step back from politics for a second\u2014is not an either\/or debate; it is an <em>and<\/em> debate. And what that means very simply is the following: it is not a discussion in terms of how you power your data centers, how you secure access to that power to drive AI. &nbsp;<\/p>\n\n\n\n<p>It&#8217;s not this lovely decision where you&#8217;d say, okay, I want to have a little bit of liquified natural gas or combined-cycle gas; I want to have a bit of nuclear; maybe I won&#8217;t worry so much about solar. You really need every single input you can possibly have. And just like any asset allocator really understands the benefits of diversification, any utility provider or EPC that is spinning up a data center at the moment will really understand this idea of having multiple input sources. We may come on to talk about energy a bit more later in this program, but I think it&#8217;s also important for you, for your listeners, to differentiate between those categorical sources of baseload power\u2014so that&#8217;s typically going to be your gas, your nuclear; we think geothermal in the future; we&#8217;ve written about that in the course of this year\u2014and then you&#8217;ve got the other more variable sources of power, which would include wind, would include solar, possibly hydro too.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-andrew-wilkinson-nbsp-3\"><strong>Andrew Wilkinson<\/strong>&nbsp;<\/h3>\n\n\n\n<p>Given that much of the US and European grid infrastructure is decades old, what innovations or investments do you believe are most critical to modernizing transmission and distribution systems? How urgent is the transformation, and what role should public and private sectors play in accelerating it?&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-alex-gunz-nbsp-1\"><strong>Alex Gunz<\/strong>&nbsp;<\/h3>\n\n\n\n<p>The easiest part of your question to answer, Andrew, is the question about urgency, and the simple answer is: very urgent. The reason why it&#8217;s very urgent is as follows. Basically, most grid infrastructure in the United States, in Western Europe, in other developed nations, was last built after\u2014or last properly upgraded, if you\u2019ll\u2014sorry, after the Second World War. So let&#8217;s just step back from AI for a second and think about what&#8217;s happened. We&#8217;ve had huge population growth, we&#8217;ve had huge growth in disposable income, and really it is not about asking ChatGPT or any other LLM a clever question, but it is simply every time anyone wants to watch a Netflix video, wants to order a new pair of sneakers, whatever it might be. This is sending bits of data over networks that were not fit for purpose.&nbsp;<\/p>\n\n\n\n<p>Then let&#8217;s consider a couple of other dynamics. Nearly everyone would accept that global warming is a massive issue, and that has had an impact on grid infrastructure. If you have your pylons, your pipes, whatever it might be exposed to more extreme weather conditions, just common sense would dictate they&#8217;re going to erode and need repairing. The other dynamic\u2014and again, this comes back to the point about securing data\u2014is a lot of grid infrastructure was really not built for a cyberattack era, if you will. So in other words, just needing to put in place the protocols to make that grid infrastructure secure is becoming more and more important.&nbsp;<\/p>\n\n\n\n<p>So I guess if you pull it all together, we&#8217;re talking\u2014and this is not my figure, I think it&#8217;s from the World Economic Forum\u2014we&#8217;re talking about a trillion dollars of investment needed globally over the next decade. That&#8217;s a massive sum. I don&#8217;t necessarily have an insight into how that&#8217;s gonna split out public versus private, but I think, again, to reframe the observation I made to your prior question, it&#8217;s not really an either\/or debate; it is an <em>and<\/em> discussion. Every company, every country is going to want to diversify. There will be a logic for energy independence. There will also be a logic for decarbonization wherever possible.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-andrew-wilkinson-nbsp-4\"><strong>Andrew Wilkinson<\/strong>&nbsp;<\/h3>\n\n\n\n<p>With 95% of the technologies needed for full transition to water, wind, solar, and storage already commercially available, what are the biggest barriers\u2014financial, regulatory, or social\u2014to achieving large-scale decarbonization? And how realistic is the goal of meeting climate targets through electrification and renewables by 2030?&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-alex-gunz-nbsp-2\"><strong>Alex Gunz<\/strong>&nbsp;<\/h3>\n\n\n\n<p>I think there are a lot of moving parts, Andrew, and we&#8217;ve touched on some of them already. Really, again, the debate comes back to this idea of embracing every possible energy source. That&#8217;s our opinion. Having a balanced portfolio, recognizing what can provide your baseload, what can provide your intermittent solutions. And I think really, to answer your question directly, for carbon-neutral or decarbonization solutions to become fully mainstream, it&#8217;s easy to say, look, the cost is coming down. We&#8217;ve seen a traditional decline in costs for solar, like we&#8217;ve seen, say, for semiconductor chips or the cost of cloud compute\u2014it follows a very natural curve, and with scale you&#8217;d expect this only to fall lower.&nbsp;<\/p>\n\n\n\n<p>Most accounts would suggest that if you look at an apples-to-apples comparison, if you will, the cost of solar today\u2014or if not today, then by the end of this decade\u2014will make it effectively the cheapest source of energy on this planet. That&#8217;s lovely. But the challenge, as you know, as your listeners know probably, is that that&#8217;s great, but the sun doesn&#8217;t always shine. It&#8217;s pouring with rain in London today as we speak. And you really need effective storage solutions.&nbsp;<\/p>\n\n\n\n<p>As we said, solar is going to be one part of the equation. We think geothermal actually deserves much more attention. And really, the key issues are political. To answer your question again: political buy-in, energy independence. I think every country is aware of more unstable geopolitics, and against that background, if you can build solar farms, that&#8217;s very easy in the United States; if you can drill for geothermal, that&#8217;s very easy in the United States, especially with all of the expertise within fracking. You&#8217;ve got natural gas under the ground, you&#8217;ve got oil under the ground; even wind\u2014perhaps no one in the Trump administration will say this publicly\u2014but even wind will actually play a role. And I think you&#8217;re going to see very similar dynamics in most other countries.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-andrew-wilkinson-nbsp-5\"><strong>Andrew Wilkinson<\/strong>&nbsp;<\/h3>\n\n\n\n<p>Let&#8217;s turn to some of the AI adoption and challenges of adopting them. So AI adoption is accelerating and it&#8217;s delivering measurable ROI across industries. Yet issues like cost, privacy, trust, and cybersecurity remain significant challenges. What are the biggest hurdles that organizations face in scaling AI responsibly, and how can they balance rapid innovation with these critical concerns?&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-alex-gunz-nbsp-3\"><strong>Alex Gunz<\/strong>&nbsp;<\/h3>\n\n\n\n<p>Well, one of the most interesting data points I&#8217;ll share with you, Andrew\u2014and we&#8217;ve talked on prior shows again about cybersecurity\u2014is that about 90% of cyber incidents, full stop, are caused as a function of human error. And against that background, in that context, I think every business, they understand on paper the case for AI. Even if they don&#8217;t fully understand the case for AI, there is a fear of missing out, there is a fear of becoming obsolete, there is a degree of sort of CEO or senior management signaling to suggest to all stakeholders that they&#8217;re not falling behind. So that&#8217;s the background.&nbsp;<\/p>\n\n\n\n<p>The reality is that practically implementing AI is quite different to talking about it. You&#8217;ve obviously got to get board sign-off and internal buy-in. Many people are risk-averse. Many people want to keep their data siloed, perhaps for obvious reasons. They don&#8217;t want it leaking out onto the wider web. They don&#8217;t want models like ChatGPT or Claude or any of the others using potentially confidential internal data. And there is the danger that without proper employee training, you will see human error creep in. These data sets may be misused; you may have the cybersecurity problems that I began this particular discussion with\u2014you may have those issues arising.&nbsp;<\/p>\n\n\n\n<p>So I think, you know, the expression we often use is that everyone\u2019s familiar with this idea of ChatGPT, but rather than GPT standing for \u201cgenerative pre-trained transformer,\u201d we need to think of AI as being a \u201cgeneral purpose technology.\u201d So in that sense, it&#8217;s just like electricity, it&#8217;s just like the internet. These things are going to go on to change the world. We will use them in ways that, you know, you and I cannot conceive of\u2014probably many younger listeners can&#8217;t even conceive of as well. But the path from today to that AI future is not going to be linear. There are going to be a lot of hiccups along the way, and risk aversion, the other factors I called out, are going to certainly play a role.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-andrew-wilkinson-nbsp-6\"><strong>Andrew Wilkinson<\/strong>&nbsp;<\/h3>\n\n\n\n<p>Alex, let\u2019s talk about how robotics is transforming the workforce. Robot density has more than doubled in the past seven years, and companies like Amazon have deployed hundreds of thousands of robots. How do you see the convergence of AI and robotics reshaping industries such as manufacturing and logistics? And another important element to this is: what lessons can the US learn from leaders like South Korea and China in accelerating this adoption?&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-alex-gunz-nbsp-4\"><strong>Alex Gunz<\/strong>&nbsp;<\/h3>\n\n\n\n<p>I think the simplest answer to that set of questions, Andrew, is pragmatism. And what I mean by that is the following. The reality is that we are globally getting older. That\u2019s an inescapable demographic phenomenon. And so the number of people aged 60 in the world will, I believe, if my memory serves me correctly, double between 2015 and 2050\u2014we\u2019ll be at about 2 billion. So, a quarter of the world\u2019s population over 60 by 2050. And this obviously has several implications. It means that there\u2019ll be more and more people dropping out of the workforce. There\u2019ll also be an increasing burden of people that need to be cared for, and robots can provide part of the solution.&nbsp;<\/p>\n\n\n\n<p>One of the reasons, as you noted, why Southeast Asia has often been a lead is because those nations, in contrast, say, to Europe or to the United States, have been less reluctant to embrace immigration. So when you\u2019ve got a declining replacement ratio\u2014demographics means the future\u2019s already happened\u2014they\u2019ve had to adopt robotics more quickly.&nbsp;<\/p>\n\n\n\n<p>The second really important factor, and again, if you listen to Jensen at Nvidia, if you listen to many other people far brighter than me, then they will basically say that, look, AI today as we know it is typing a command into a computer and getting a clever answer. The next phase of AI, however, is going to be what many people call physical or embodied AI. So it\u2019s effectively taking all of the traditional hardware that has made robots very good at sort of banging car doors together or assembling iPhones\u2014the traditional industries where you\u2019ve seen them very heavily deployed\u2014and actually you are taking robots to a much greater level. The term\u2014we discussed this on a prior program as well\u2014is humanoid robots. So robots will appear, resemble humans much more, both in their sort of physical manifestations and their ability to carry out a range of tasks.&nbsp;<\/p>\n\n\n\n<p>So I think, you know, the way to look at it is: today, a humanoid robot is going to be more expensive and less efficient than it will be at any time ever in the future. And if we believe that, just like, you know, three years ago we were on GPT-3.0, today we are on GPT-5.0, the quality\u2014the reliability, if you will\u2014of robots will only improve from here. And if you think about it from a very simple ROI point of view, you know, robots, unlike humans, can work 24\/7. They can even recharge with a cable plugged in whilst they\u2019re doing something. They don\u2019t take sick days. They don\u2019t want to go on vacation. They don\u2019t need pensions\u2014at least not yet. So this is really the future we\u2019re evolving towards.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-andrew-wilkinson-nbsp-7\"><strong>Andrew Wilkinson<\/strong>&nbsp;<\/h3>\n\n\n\n<p>Sticking with robotics, let\u2019s have a look at AI in healthcare. Robotic-assisted surgery is now present in about half of US hospitals, but is still used in fewer than 10% of global procedures. What do you see as being the main barriers to wider adoption, and how might falling costs and expanding use cases change the landscape of surgical care in the next decade?&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-alex-gunz-nbsp-5\"><strong>Alex Gunz<\/strong>&nbsp;<\/h3>\n\n\n\n<p>We\u2019re massive fans of robotic-assisted surgery, Andrew. We\u2019ve been following this theme for about a decade. To provide you and your listeners with the context, these robots have been around for about 30 years by now, and it\u2019s really not a case\u2014just to be clear\u2014of a robot physically wielding a scalpel and operating autonomously. I was lucky enough to be out in Sunnyvale, California not so long ago and to actually see one of these systems in action. And effectively, a surgeon will sit behind a computer terminal with a joystick or a set of controls and manipulate a robotic arm.&nbsp;<\/p>\n\n\n\n<p>The argument is that obviously if you do this, your precision will be much greater. Particularly with AI, you can learn from prior procedures exactly at which angle, say, to cut into the body, how much pressure to apply, how deeply to cut, and so on. And the theory goes\u2014and at least this has been backed up by about 40,000, over 40,000 academic white papers by now, peer-reviewed papers\u2014is that the benefits of robotic-assisted surgery outweigh the costs.&nbsp;<\/p>\n\n\n\n<p>In other words, yes, you as a hospital have a large upfront capital investment to make. These machines typically have a list price of one and a half million dollars and upwards. You\u2019ve got to buy the consumables each time. But your operating leverage from that initial machine\u2014the ROI on hospital space, the fact that patients typically spend less time in a hospital bed recovering because the operation has been performed more efficiently\u2014all of that makes a very strong case for robotic-assisted surgery.&nbsp;<\/p>\n\n\n\n<p>So to answer the question: what are the barriers to adoption? Look, I\u2019m a finance person; I don\u2019t work in a hospital. But the reality is cost is typically the main factor. As we\u2019re aware, the US administration has been a bit more thoughtful about how they\u2019re allocating dollars across the whole healthcare system. Many public administrations are under pressure. There is also, to an extent\u2014and to come back to the Darwinian point with which we began this whole conversation\u2014there is sometimes a reluctance to embrace change. But from an economic point of view, from an academic-paper health-benefit point of view, we see the path forward for robotic-assisted surgery only pointing in an upward direction.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-andrew-wilkinson-nbsp-8\"><strong>Andrew Wilkinson<\/strong>&nbsp;<\/h3>\n\n\n\n<p>Alex, final question. Where can listeners read more? Where can they access the compendium?&nbsp;<\/p>\n\n\n\n<p><strong>Alex Gunz<\/strong>&nbsp;<\/p>\n\n\n\n<p>Well, as mentioned, Andrew, we\u2019ve been writing about and investing in future trends since at least 2016. All of our white papers, all the materials about what we do, can be found on our website: <a href=\"https:\/\/www.heptagoncapital.com\" target=\"_blank\" rel=\"noreferrer noopener\">www.heptagoncapital.com<\/a>.\u00a0<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-andrew-wilkinson-nbsp-9\"><strong>Andrew Wilkinson<\/strong>&nbsp;<\/h3>\n\n\n\n<p>Brilliant. Thank you for being an excellent guest again. It\u2019s always a pleasure, Alex.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-alex-gunz-nbsp-6\"><strong>Alex Gunz<\/strong>&nbsp;<\/h3>\n\n\n\n<p>Delighted to have the opportunity to discuss these topics, Andrew, and we\u2019ll be writing several more white papers in 2026 and beyond.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-andrew-wilkinson-nbsp-10\"><strong>Andrew Wilkinson<\/strong>&nbsp;<\/h3>\n\n\n\n<p>Excellent. Alex is the portfolio manager at Hetic and Capital in London. Thanks for joining me, Alex, and if you enjoyed today&#8217;s episode, please subscribe wherever you download your podcasts from. Bye for now.&nbsp;<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Join host Andrew Wilkinson and guest Alex Gunz as they explore whether aging power grids and legacy infrastructure can sustain the explosive growth of AI, robotics, and future technologies. 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