{
  "version": "1.2.0",
  "chapters": [
    {
      "title": "- Intro & Launching \"The Diligent Stack\" \r",
      "startTime": 0,
      "endTime": 159
    },
    {
      "title": "- TSMC Analysis: The Bellwether Context \r",
      "startTime": 159,
      "endTime": 501
    },
    {
      "title": "- The Cyclical \"Bullwhip\" Risk \r",
      "startTime": 501,
      "endTime": 718
    },
    {
      "title": "- TSMC’s Bullish CapEx & Expansion \r",
      "startTime": 718,
      "endTime": 834
    },
    {
      "title": "- The Advanced Packaging (CoWoS) Bottleneck \r",
      "startTime": 834,
      "endTime": 1075
    },
    {
      "title": "- Operating Margins & Value Capture \r",
      "startTime": 1075,
      "endTime": 1577
    },
    {
      "title": "- How AI is Boosting TSMC’s Internal Margins \r",
      "startTime": 1577,
      "endTime": 1876
    },
    {
      "title": "- The High Cost of Masks (10% of Revenue) \r",
      "startTime": 1876,
      "endTime": 1985
    },
    {
      "title": "- OpenAI Partners with Cerebras \r",
      "startTime": 1985,
      "endTime": 2216
    },
    {
      "title": "- OpenAI's Push for Ads & Monetization \r",
      "startTime": 2216,
      "endTime": 2740
    },
    {
      "title": "- GPU Pricing Report: Stability & Premiums \r",
      "startTime": 2740,
      "endTime": 2789
    },
    {
      "title": "- Hyperscalers vs. NeoClouds: The Price Gap \r",
      "startTime": 2789,
      "endTime": 3059
    },
    {
      "title": "- Why We Can't Price Grace Blackwell Yet \r",
      "startTime": 3059,
      "endTime": 3204
    },
    {
      "title": "- Conclusion",
      "startTime": 3204,
      "endTime": 0
    }
  ]
}