At the All-In Summit, Dell Technologies CEO Michael Dell discusses AI edge infrastructure economics and token processing costs with host David Friedberg.
“The lowest cost token is going to be the one that's generated right where the data is on the device.”
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More from Michael Dell
AssertionNot checkable as stated
Michael Dell: Only 10-15% of large companies have figured out AI
“Maybe 10 or 15% of large companies have really figured this out. And the rest of them are kind of fumbling around.”
Michael DellMar 17, 2026▶ 48:04Two Legendary Founders: Travis Kalanick & Michael Dell Live from Austin, Texas
PredictionNot checkable as stated
Dell: AI will expand output and problem-solving rather than just cut headcount
“When I hear people say, oh, you know maybe we're just gonna have all these great tools and we won't do more things. We'll just do the same things with fewer people. It doesn't sound right to me. I mean, there'll be some of that, but I think most of it will be,…”
Michael DellMar 17, 2026▶ 51:39Two Legendary Founders: Travis Kalanick & Michael Dell Live from Austin, Texas
Disclosure
Dell: AI infrastructure business will reach ~$50B this year
“The progression of our business in that area sort of gone from like two billion to ten billion to twenty five billion to This year it'll be like fifty billion.”
Michael DellMar 17, 2026▶ 41:38Two Legendary Founders: Travis Kalanick & Michael Dell Live from Austin, Texas
AssertionNot checkable as stated
Dell: Stripe data shows 2025 startups growing 4x faster than 2018 cohort
“When you talk to the Collison brothers at Stripe, they'll tell you that the Rate of growth of the 20, 25 cohort companies is about four times faster than the 20 18 companies.”
Michael DellMar 17, 2026▶ 50:03Two Legendary Founders: Travis Kalanick & Michael Dell Live from Austin, Texas
AssertionNot checkable as stated
Michael Dell: AI lets Dell teams finish months of work in days
“When I listen to what our teams are able to accomplish in a day or two weeks that would have taken them, you know, a few months or nine months time, you know, it's just amazing the speed of innovation.”
Michael DellMar 17, 2026▶ 57:55Two Legendary Founders: Travis Kalanick & Michael Dell Live from Austin, Texas
Disclosure
Dell pledges $6.25B to fund seed accounts for 25M children
“Well, it's 250 dollars to twenty-five million children ages two to 10 in zip codes where the median income is a 150,000 dollars or less. It's 6.25 billion dollars.”
Michael DellMar 17, 2026▶ 1:05:28Two Legendary Founders: Travis Kalanick & Michael Dell Live from Austin, Texas
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