The Ledger, every show

“I would not be shocked if you see Anthropic exiting this year at 80 to a hundred billion dollars in revenue.”

“GLM 5.2 has watermarks from mythos all over it, right? So we know they were distilling, etc.”

“OpenAI and Anthropic combined to start the year had three gigawatts of compute. Three combined. They're gonna end the year closer to 10, and end next year closer to 20.”

“The message is very clear that I think there's going to be a downsizing of the federal government to the tune of, let's call it, 40 or 50%.”

“Everybody knows we're not gonna go defend Taiwan. Everybody knows we're not gonna send our military to Ukraine.”

“I think all of these companies are gonna compound revenue at well over 30% for the next many years.”

“We told the president, we think we can raise a hundred billion dollars in the first 12 months.”

“We are on a trajectory now that we're going to have over a hundred million of these counts set up over the next decade.”

“I think the number on twenty-twenty-seven Is likely closer to 1.5 trillion.”

“The forecast now that we're going to add another trillion of revenue in just three companies, SpaceX, Anthropic, and OpenAI, over the next four to five years, ok? Like, not seven companies, three companies, and in half the time, right?”

“Of course, I believe that optimization will continue, but my hunch is that anthropic and open and these companies will continue to grow right through the optimization because the growth curve on penetration of both enterprise and use case is so steep.”

“The wealth tax will be defeated. We will pass the retirement And personal asset protection act as a referendum in California, which will prohibit people from stealing your retirement money or your personal assets that will get passed.”

“And the estimate is over 15 years. We can move five trillion dollars into the pockets of families that would have otherwise had zero.”

“I happen to think that I would take the over on the number of rate cuts that Warsh is going to give us this year.”

“I actually think you are going to get three to four rate cuts. I actually think you are going to see a reacceleration of GDP.”

“If it works, she's going to get a hundred and fifty billion of incremental revenue just from open AI, right? For building out five gigawatts.”

“We see about a hundred billion dollars already in incremental generative AI revenue in twenty-twenty-six. That has to grow to well over a trillion by twenty-thirty.”

“I think NVIDIA will likely be the first 10 trillion dollar company”

“My belief is that if we're targeting tariff revenues going from sixty-five billion to a trillion, I don't think the US economy is prepared for that, and I think that pushes us into a recession.”

“It does mean that we're probably going to take five hundred billion to a trillion dollars out of federal spending over the course of the next couple of years.”

“Over, under, I'll set the line at two years until we have an agent that has memory and can take action. And the canonical use case, of course, that I used was that I could tell my agent, book me the Mercer Hotel next Tuesday in New York at the lowest price. An…”

“Ironically, right, if you decommission Diablo, you know what the state does? It imports more coal-produced power.”

“There are gonna be 20 LLMs that go to zero or many more”

“And here's a forecast I think coming out of semiconductor analysis, it's similar to a lot of the other ones, and it has data centers as a percentage of US power generation going from something like four percent today to something like, you know 18, 19% in 2030…”

“But I do think that we're talking trillions of dollars over the course of the next four to five years as we rebuild the world's compute infrastructure.”

“Listen, these 1,000,000,002 1,000,000,003 billion dollar software rounds that are done with very little revenue, you have to assume a tremendous amount goes right. And then you probably have to assume an absurd multiple and everybody's counting on the greater …”

“The industry is going from highly fragmented to much more industrial scale. Returns are going to compress.”

“But I'm, you know, there's 714 startups on this list. By the time we're done, there are going to be at least 3000 startups on that list.”

“Pretend you never saw them, not in venture, not in the stock market, because that is a delusional place to think we're getting back there. We're not, unless we have another pandemic or a nuclear war and rates go to zero, and then we have bigger problems.”

“I think this company can be worth over five hundred billion dollars over the course of the next five to seven years.”

“We had over a million and a half counts created in the first 24 hours.”

“We have about 25 states who are gonna add money into the accounts of the kids in their states.”

“And then the, you know, the ballot initiative, the Retirement Protection and Savings Act, right, it's going to pass with big numbers.”

“25 through 27, NVIDIA will generate four hundred and fifty billion dollars, half a trillion dollars of cash flow.”

“According to the studies that were done on this will actually be revenue contributing 20 to 30 years out because the taxes you have to pay when you exit the accounts on the capital gains will be more Than what the government is contributing on an annual basis …”

“I expect that the president's lifting of the sanctions on Syria probably gives way to the Saudis signing the Abraham Accords and other positive developments in this part of the world.”

“FII. Which is doing, you know, like, I think an incredible convening of investors and leaders from around the world. I think they're doing incredible stuff, you know, in the GCC and Saudi in particular, but they said, we're going to deploy more of PIFS dollars…”

“China's on track, on the other hand, to bring on more capacity capacity in the next 10 years than we've brought on in the last 40 years. They're expected to pass us in terms of total power generation from nuclear by 2030, or thereabouts.”

“When you model out the need for data center capacity over the course of the next five to 10 years, you realize for the first time in really two decades, the US's need to grow its baseload power generation is going to go up significantly, significantly faster t…”

“They nearly tripled their earnings per employee, right? Their head count in Q three of 22 was 87,000. This quarter they reported 67,000.”

“This is going to mean that we have a permanent increase In the amount of capital that exists in venture capital, a permanent increase and pension funds went in.”

“Because of the nature of these technological systems, we have companies that are going to be worth 10 trillion. We'll probably have individuals that are worth a trillion.”

“Joe Gebbia helping to design the front end of this, of course, from Airbnb.”