If the artificial intelligence bubble were to burst, every company would be affected, the head of Google's parent firm Alphabet has told the BBC.
Sundar Pichai said, while the growth of AI investment had been an "extraordinary moment", there was some "irrationality" in the current AI boom. Is a bubble burst inevitable and would it be painful?
Also in the programme: the US hails UN security council backing for its Gaza peace plan; and does the world -- or the world's restaurants -- need a universal spice index?
(Photo shows Sundar Pichai during an interview at Google's California headquarters on 17 November 2025. Credit: BBC News)
At least 20 schoolgirls are still missing in Nigeria's north-western Kebbi State after they were kidnapped at dawn from their dormitories at a secondary school. How can mass abductions in Nigeria be stopped?
South Africa fears a "cleansing agenda" after the controversial arrival of 153 passengers from Gaza in the country.
And how Ethiopia plans to tackle its housing crisis, which has been fuelled by rapid urbanisation.
Presenter: Nyasha Michelle
Producers: Sunita Nahar, Yvette Twagiramariya and Joseph Keen in London
Technical Producer: Gabriel O'Regan
Senior Producer: Patricia Whitehorne
Editors: Andre Lombard and Alice Muthengi
Welcome back to The Mining Pod! Today, Patrick Fleury, CFO of TeraWulf, joins us to talk about WULF’s Q3 where they booked their first AI revenue at $7.2 million, signed AI deals with FluidStack and Core42, and how they're balancing their debt structure. Patrick also drops a provocative warning about Bitcoin's security: with US hashrate potentially dropping from 40% to just 5-10% by 2028, Bitmain could become the largest miner controlled by China, creating the only real vulnerability in Bitcoin's network.
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**Notes:**
• First AI revenue: $7.2 million in Q3
• 450MW contracted with FluidStack at Lake Mariner
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Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!
Access to land for hunting, fishing, and gathering are foundational provisions in so many treaties between tribes and the federal government, but individual hunters and anglers are frequently challenged when out exercising those treaty rights. The legal justifications were settled decades ago following landmark rulings such as the Boldt Decision in Washington State and, more recently, in the 9th Circuit Court of Appeals judgement in favor of tribal hunting access on ceded lands in Idaho. We’ll review some of the history of hunting rights and how those continue to be scrutinized.
GUESTS
Dr. Cleve Davis (Shoshone-Bannock Tribes), a Ph.D in environmental science and the author of “So Long As Game May Be Found Thereon”
Charlie Smith (Fond Du Lac band of Lake Superior Chippewa), advisor for Indigenous Business Consulting firm and a member of the Fond du Lac Band Ceded Territory conservation committee
Galaxy Digital founder and CEO Mike Novogratz joins "CoinDesk Spotlight" to discuss why the $38 trillion national debt has created a "golden era" for crypto. Novogratz breaks down the power of the XRP Army, his timeline for a $1 million bitcoin, and Galaxy's IPO journey. Plus, he shares his concerns about a "bull market in populism" and the story of how his ayahuasca trip inspired a scene in the show Billions.
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This content should not be construed or relied upon as investment advice. It is for entertainment and general information purposes.
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Genius Group has partnered with CoinDesk for Bitcoin Treasury Month, launching the Genius x CoinDesk Quest. Participants can join the Bitcoin Academy, complete free microcourses from experts like Natalie Brunell and Saifedean Ammous, and enter to win 1,000,000 GEMs (worth 1 BTC) promoting bitcoin education and adoption.
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01:42 - When Did Novogratz First Know Money Mattered? 07:26 - “What’s Cool About Bitcoin Is There’s No CEO” 12:44 - XRP's Fierce Community and Success 14:32 - How Did We Get Here: America's Financial "Tale of Two Cities" 15:47 - How Sustainable Are Crypto Communities? 17:49 - Novogratz's Take on Mamdani and Crypto in NYC 22:15 - Would He Ever Run for Office? 25:38 - Is Crypto at Risk of Replicating Same Challenges From TradFi? 29:26 - His Work on Criminal Justice Reform 33:32 - How Novogratz's Upbringing Shaped Him 37:10 - On Immigration Policy and Where America is Headed 43:16 - Galaxy's IPO 45:19 - Top Crypto Asset Picks 47:33 - On D.C. and When Market Structure Legislation Will Pass 49:43 - "Crypto Is a Report Card on How the Country Is Doing" 52:03 - Can a BTC Treasury Address National Debt? "It’s Kind of Smoke and Mirrors" 53:35 - Novogratz's Most Rewarding Project 57:28 - Advice to His Younger Self 59:36 - Where Did His Intense Risk Appetite Come From? 01:01:14 - The Ayahuasca Journey That Inspired 'Billions'
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This episode was hosted by Jennifer Sanasie. “CoinDesk Spotlight” is produced by Sam Ewen, Jennifer Sanasie, Taylor Fleming and Victor Chen.
New York City mayor-elect Zohran Mamdani swept the election on a campaign all about affordability. One pillar of that platform was the idea of city-owned grocery stores. The thinking: Prices at these city-owned stores would be lower because they’d operate in city-owned spaces, so they wouldn’t have to pay rent or property taxes. Other cities have tried this. How'd the experiment go? But first: the world's largest official creditor and rising utility costs.
From the BBC World Service: The artificial intelligence revolution is firmly underway, with tech giants investing billions in research and battling to secure key assets. It's led to a surging stock market, but also panic about the potential impact on jobs and society. Google is one of the companies investing heavily in the new technology. Today, we check in with CEO Sundar Pichai. Plus, the U.K. plans to ban the resale of event tickets for profit.
House of Representatives set to vote on Epstein files release. Tensions rise in the Caribbean. Homeowner charged in the shooting of a house cleaner. CBS News Correspondent Steve Kathan has these stories and more on the World News Roundup.
Romina Boccia, Michael F. Cannon, and Adam Michel break down the 43-day government shutdown driven by demands to extend temporary Obamacare subsidies for upper-income households earning well into six figures. The trio examines how the stalemate exposed deeper structural problems: runaway entitlement growth, perverse state incentives, a fragile food stamp and air-traffic control system, and a federal budget process unable to handle partisan deadlock.
