The Ledger, every show

“The chip companies are now stepping up and saying, okay, we'll absorb some of the risk. We'll put in the capital to finance this build out where the demand on the other side is not so clear because of course the chip companies also get to book this as revenue.”

“What has happened with Anthropic in the last year is nothing short of mind blowing to anyone who studied companies, right? It's the fastest growing company in history.”

“Today it's a hundred billion plus across OpenAI and Anthropic. Now there's still two companies driving the vast, vast, vast majority of the revenue in AI.”

“Andre Karpathy just joined.”

“One of the predictions I made last year, in addition to saying it was going to be the year of the data center in 20, 25, I said, Hey, we're going to have these construction delays. We're going to have issues now in building out these data centers. And the info…”

“If you're a 25 year old recent grad from an elite university who is perceived to be an AI expert, you can get a fifty hundred million dollar pay package right now. And if you are a brand name that everyone recognizes your name, you can get a billion dollar pay…”

“Microsoft walked away from two data centers and it sent a message to the market like, hey, we're not stepping up.”

“I actually think that what's interesting about this AI build out is that for the most part, and let's put Oracle aside, which maybe has some debt, but for the most part, the AI build out today has been equity funded and cash funded.”

“I think in 12 months you'll see all these charts coming out of, like, more factories are getting built than ever before, and all this stuff. The industrial revolution is just getting started.”

“And so I think one thing that we're going to see more of is off balance sheet financing.”

“A gigawatt is forty billion dollars to build out. Jensen says it's 50 or 60 if you use the next generation Vero Rubin chips. So let's say it's somewhere between 40 and sixty billion.”

“This cloud business today is a two hundred and fifty billion dollar business. So the cloud business today is the same size as the SaaS sector. That's the business that Azure, Google and AWS control is the same size as the entire SaaS sector.”

“Data centers take about two years to build. You are going to build, and it costs about two billion dollars per data center.”

“We don't, and I, you know, there's sort of an interesting phenomenon here, which is, you know, the Biden administration passed the IRA, the Inflation Reduction Act, and this was this huge stimulus bill that basically incentivized everyone to build solar and bu…”

“They launched this product, this AI voice product that you can talk to, got a million users in a few weeks, five million minutes, like just tremendous product market fit.”

“The entire SaaS economy is a two hundred and fifty billion dollar market, right?”

“About half the cost of the data center is GPUs, half is everything else.”

“So I think prices will get bit like the spread between the risk-free You know, return and the sort of risk adjusted return will compress, which just means that it's going to be less of a good deal as more people do it.”

“And so you know, Blackstone did this core weave deal. They were one of the first and Blackstone are generally very good at structuring these type of creative deals. Good on them. And I think we'll see more of that type of deals going forward.”

“Amazon in the last six months has announced fifty billion dollars of new data centers, right?”