Austin and Vik discuss Credo's acquisition of Dust Photonics, XPO as the new standard for scale-out (maybe instead of CPO?) and some thoughts about Nuvacore entering the CPU scene for agentic AI. Gavin Baker's tweet: https://x.com/GavinSBaker/status/2044410644301046031?s=20 Vik's Substack: https://www.viksnewsletter.com Austin's Substack: https://www.chipstrat.com Chapters 00:00 Introduction to the Semiconductor Landscape 02:49 The Rise of Nuvacore and CPU Innovations 05:27 The Demand for CPUs in the AI Era 07:59 Photonics: The Next Frontier in Semiconductors 10:26 Credo's Acquisition of Dust Photonics 13:12 Vertical Integration in Semiconductor Companies 15:15 The Future of Copper and Optical Technologies 20:28 The Evolution of AI Training Models 25:28 Innovations in Optical Interconnects 31:10 The Future of Data Center Connectivity 36:56 Strategic Implications in the Optical Ecosystem