# Coatue’s Laffont Brothers. AI, Public & VC Mkts, Macro, US Debt, Crypto, IPO's, & more | BG2

An episode of [BG2Pod with Brad Gerstner and Bill Gurley](https://invisiblenetwork.ai/podcast/1727278168), 20 Jun 2025, 1 h 01 min.

Audio: https://anchor.fm/s/f06c2370/podcast/play/104386105/https%3A%2F%2Fd3ctxlq1ktw2nl.cloudfront.net%2Fstaging%2F2025-5-20%2F402487819-44100-2-33b23ee63ef5d.mp3

Open Source bi-weekly convo w/ Bill Gurley and Brad Gerstner on all things tech, markets, investing & capitalism. This week, they welcome Coatue’s Thomas and Philippe Laffont to discuss the AI Super cycle, Stablecoin and crypto, consumer AI, NVIDIA GPU’s, Macroeconomics, publc markets, VC markets, M&A’s, insights for founders and CEO’s, and more. Enjoy another episode of BG2! Timestamps: (00:00) Intro (02:36) The AI Super Cycle (07:47) Stablecoin & Cryptocurrency (16:19) Consumer AI & Impact on $GOOG (22:54) GPU Allocation v Cloud Revenue Market Share (28:56) AI Impact on Macro + Debt (35:20) Private Markets, IPO’s, M&A’s (45:59) Golden Age of Margin Expansion (51:48) Jevon’s Paradox (53:19) Insights for Founders and CEOs Show Notes: Coatue EMW 2025 Slides Produced by Benny Beausoleil Music by Yung Spielberg Available on Apple, Spotify, www.bg2pod.com Follow: Brad Gerstner @altcap https://x.com/altcap Bill Gurley @bgurley https://x.com/bgurley BG2 Pod @bg2pod https://x.com/BG2Pod

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