O'Driscoll: AI foundation models require $4-$5 of CapEx per $1 revenue
Rory O’Driscoll · Anthropic Raises $45B but Falls Short on Compute & Thoma Bravo Hand Back Medallia Keys to Creditors · 20VC with Harry Stebbings · Apr 30, 2026 · at 21:21
Rory O'Driscoll, General Partner at Scale, breaks down the extreme capital intensity and hardware investment required to scale AI infrastructure relative to revenue.
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“And the capital intensity for every dollar of run rate revenue, it probably takes four or five dollars of CapEx to support that, right?”
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