Bloomberg Surveillance · Tuesday, September 1, 2026
Sarah Arahi of Franklin Templeton likens NVIDIA's strategy of investing in and supporting the AI ecosystem to John Malone's approach in the 1980s with TCI, where he invested in content providers to boost cable subscriptions. She argues that NVIDIA's actions, including deals with companies like Anthropic, are essential for seeding the ecosystem and driving its growth, especially given strong compute demand.
“They are definitely seeding the ecosystem and supporting this ecosystem. Not only their position in the ecosystem, but also, look, we've seen compute demand is strong. Just the anthropic deal this morning. The demand is there.”
“It's a little reminiscent of what John Malone did, actually, in the 80s. He started TCI, and in that period, he wanted to increase the cable network subscription. And with that, he invested in Warner, or at the time, it was Time Warner. He invested in BET, a number of channels to seed that ecosystem and get people. to sign up for cable.”
“You talk about the central bank of NVIDIA. That's what they're doing here.”