TJC Debrief with Paulo Passoni: The New US-China Tech Split
From The J Curve with Olga Maslikhova by Olga Maslikhova
May 12, 2026 · 1h 15m · Season 5 · Episode 6
About this episode
Olga Maslikhova and Paulo Passoni discuss the implications of the US-China tech split and the impact of AI on capital markets.
Paulo Passoni, Managing Partner at Valor Capital, and Olga Maslikhova break down the two forces reshaping tech and capital markets right now — the end of 40 years of global integration as the US-China tech split hardens, and the collapse of the services moat as AI lets companies scale from $0 to $100M in revenue in 24 months by replacing labor. This is the May 2026 edition of TJC Debrief — a monthly show covering tech, venture, and capital markets through a global lens. We cover why China blocked Meta's $2 billion Manus acquisition and what the new US-led versus China-led ecosystem split means for global M&A, how SoftBank's blocked Arm-NVIDIA sale cost half a trillion dollars in value creation and why deals like it will keep happening, Anthropic's $50B round closing in 48 hours with secondary markets pricing ahead of the primary and what it reveals about AI's escape velocity, why Anthropic and OpenAI are forming joint ventures with Blackstone, TPG, Apollo, Sequoia, General Atlantic, and GIC to lock in compute capacity and guaranteed revenue, Plata's $5B round and why Qatar Investment Authority, US endowments, and long-only funds piled in alongside Valor Capital — and what…
People in this episode
Host: Olga Maslikhova
Guest: Paulo Passoni
Topics covered
- US-China tech split
- global integration
- AI and capital markets
- M&A implications
- venture capital
- data as a moat
Keywords
- US-China relations
- AI scaling
- global M&A
- venture capital
- data privacy
Mentioned in this episode
Organizations: Valor Capital, Meta, SoftBank, Arm, NVIDIA, Anthropic, OpenAI, Blackstone, TPG, Apollo
More episodes of The J Curve with Olga Maslikhova
- TJC Debrief: Who Actually Makes Money in AI? · June 9, 2026 · 1h 13m
- Felipe Carvalho, Camu: The Brutal Sales Lesson From Pipefy · May 26, 2026 · 58 min
- Gastón Irigoyen, Pomelo: LATAM Beats India as a Fintech Market · April 28, 2026 · 59 min
- TJC Debrief with Paulo Passoni: Only 4 US Companies Can IPO · April 14, 2026 · 1h 27m
- Pedro Conrade, Neon: How to Build a $1B Neobank in Brazil · March 31, 2026 · 58 min
- Stelleo Tolda: Inside MercadoLibre’s Rise to $100B · March 17, 2026 · 1h 10m
Explore listener stats, chart rankings, contacts and more on the The J Curve with Olga Maslikhova podcast page.