'Central role in ecosystem: If something happens to Nvidia, it's going to be a catastrophe'

Erin Ogunkeye is pleased to welcome Raphaëlle d’Ornano, Founder and Managing Partner of D’Ornano + Co. “Nvidia has an absolutely central role in the ecosystem,” she explains, “If something happens to Nvidia, it's going to be a catastrophe.” When the discussion turns to geopolitics, she warns, “there is a real war happening here. It's an economic war,” describing the competition for frontier AI capabilities as a struggle with profound economic, military, and societal implications. The resulting analysis reveals an industry characterized by extraordinary technological momentum, but increasingly shaped by concentrated corporate power, geopolitical confrontation, and political resistance to its physical infrastructure.