let's get more on the eu chips act with mandeep singh. was talking about the amount being invested, 43 billion euros. there's a lot of money. but i think we know if you throw money at it, it does not necessarily fix the problem quickly, or else we probably would not be where we are right now still. how much and how fast can that make a difference? mandeep: we know they talked about capacity going up by 2030, so this is really a long-term five to 10 year kind of plan. when it comes to chip shortages, but we have figured out is it is not just the leading nodes. it is also the lagging nodes that automakers need. europe in general has a lot of companies that rely on these auto chips. so i think it makes sense, but when you are building a fab or thinking about long-term, you have to think about talent. you have to think about sourcing. the good thing for europe is they have all of the companies based in the netherlands and europe, so it kind of makes sense that they are trying to do something there in terms of capacity. guy: if i take the mode

mandeep: we know costs are rising for every business out there.ll be a headwind for the margin. that is one thing to keep an ion -- who has the margin power to pass on those costs? uber and lyft have shown they can pass on costs, but these companies are not profitable to begin with, so if costs start to hit their margins, i think that will be an overall negative them. caroline: we thank you so much, both of you. have a wonderful weekend. techonomy founder david kirkpatrick and bloomberg intelligence's mandeep singh. more on bitcoin's development in africa and india next. this is bloomberg. ♪ >> last year, jack dorsey and rapper jay-z announced they were giving 500 bitcoin to set up an endowment fund. the trust was designed to be blind to fund bitcoin development in africa and india, and it needed new board members. dorsey put out an open application on twitter, and after sifting through thousands of amid -- thousands of applications, they whittled it down to 4. one of them joins us now. what were your conversations like with jack dorsey, and what

romaine: we had bloomberg intelligence on earlier, mandeep. he pointed out some short-term numbers, there is a longer-term play here, bet on the metaverse or whatever and ciliary's are attached. i am curious if anything was in the numbers that would dissuade anyone that roblox will be a big part of the metaverse. ed: yes, this is the question i heard you say in the intro about the active user number. the number that caught my eye was the hours engaged. 10.8 billion hours engaged, growth 28% year on year, but essentially they are not getting people who are already on the platform using it for the same amount of time. back in november when peloton had his fiscal fourth-quarter numbers, and they were saying our existing user base is not using the product as much. this seems to be the alarm bell that roblox is signaling. right now does not just growing users, the existing users are just doing other things. romaine: that is the whole point of the show, this idea that has to be a balance. if we are going out to eat or to travel, you are not necessar

with us to work through the numbers, mandeep singh of bloomberg intelligence.e start with nvidia and figure out what is going on there. these numbers don't look that bad. the jaguar land rover story looks interesting. i guess coming into this, you've got a pretty copy valuation -- pretty toppy valuation. mandeep: it is really about beat and raise, and clearly they did that, but not by the same magnitude they were doing in the recent period. i think there is the supply chain risk that investors care about. there's clearly a lot of demand for what they are making, both on the gaming side, as well as the datacenter side. the question is, can they fulfill that demand? the other is, how much cost does nvidia have to pay to somebody like tsmc who make those chips? we know tsmc is raising prices, and that is why i think there could be some gross margin pressure in the near-term. kailey: of course, nvidia has to forward without arm because that deal fell through. what do they do next? mandeep: they have plenty of large end markets on the automotive side, even though au