Amazon

“We go from almost no venture capital investing, you know, out of these folks six or seven years ago to all of a sudden this twenty five billion dollars last year in VC investing”

“We expect our forecast is that Microsoft and Amazon, you know, Snowflake, they'll all accelerate their growth rates this year, right?”

“From the big company player side, I would just say definitively, And this could get me in trouble, but this is low quality revenue. Like, this is flat out low quality revenue, and I'm certain that they've got their auditor to sign off on it, but I don't think …”

“I think the answer to that is yes, but I still think they'll be one of the largest buyers of NVIDIA GPUs in the world because it doesn't replace that for a lot of really important workloads.”

“This is the 23 through 25 expected growth rates. 14% for Microsoft, 12% for Amazon. 42% for NVIDIA and 11% for Google. So Google's already expected out of those four to be growing at the slowest rate. But then what's interesting, if you come down here, To the …”

“We're just gonna have six companies all running at the same prize and it's interesting, we end up talking about AI every week, but I don't know what there is else to talk about, because that's all anyone's talking about, and so it, we're gearing up for a battl…”

“The adept thing is which was positioned by the press is similar to the inflection outcome. There's no way that's a win for venture capitalists. Like, I'm sure venture capitalists try and spin it, and we heard some spin around inflection, but it, you know, I, i…”

“So if you look at it for Microsoft, NVIDIA, Amazon, Google, Meta, earnings are up 38% over the last 12 months.”

“By our analysis, for example, just Amazon, Spent over a hundred billion dollars on AWS invested for over eight years before they saw profitability in that business.”

“We need to get back to a place where, you know, Microsoft and Google can go buy, you know, a company that's de minimis relative to their size. You know, Amazon can buy vacuum cleaner company, you know, iRobot without, you know phalanxes of lawyers and having t…”

“When I talk to CoreWeave, when I talk to Azure, when I talk to OpenAI, when I talk to Amazon, Google, et cetera, not one of them Is talking about anything other than how do we find the facilities that can support a gigawatt or two gigawatts or three gigawatts …”

“Like with Blackwell, not only is it way, way, way faster, anywhere from 10 to 15 times on really large models for inference, because they've optimized it for very large language models, they've also decided, hey, we're gonna cut our margin, too, somewhat, beca…”

“You're not paying, you know, north of 30,000, you know, 40,000 dollars per chip for the server, you're paying, you know, significantly less, right? 5000 dollars per chip, right?”

“Amazon and Anthropic have decided to, you know, make a 400,000 tranium server supercomputer, right? 400,000 chips, right?”

“Their whole thing at reInvent, if you really talk to them when they announced Trinium II and our whole post about it and our analysis of it is, like, supply chain-wise, this is, looks, you know, you squint your eyes, this looks like an Amazon Basics TPU, right…”

“Why is Mark Zuckerberg building a two gigawatt data center in Louisiana? Why is Amazon building these multi gigawatt data centers? Why is Google, why is Microsoft building multiple gigawatt data centers? Plus buying billions and billions of dollars of fiber to…”

“The plurality of Amazon's CPUs in their data centers Are 24 core Intel CPUs from, that were manufactured from 2015 to twenty-twenty.”

“And in 2024, the big five, so in this case, Microsoft, Meta, Nvidia, Amazon, and Google grew earnings at 44%... If you look at the other 495 companies in the S&P, their earnings only grew two percent.”

“Get access to so much energy that's needed, we think, to drive AGI and ASI at numbers that are even well beyond the balance sheets of the giant Companies like a Microsoft, a Google, a Meta, an AWS, et cetera, an Amazon.”

“So that would be a tax on, on the NVIDIAs and AMDs and others, and it would be a tax on Meta and Amazon and all the folks that would have to pay that tax, which likely means that you get less chips purchased and less AI research, right? So if our number one go…”

“So in the case of Anthropic, most of their enterprise API, I believe is sold through AWS and they have to pay a huge, Customer acquisition fee in the world of Google, we would call it TAC probably to Amazon. And then of course you have all the costs that you h…”

“Amazon had this monopoly retail business they could use to subsidize AWS, gain share for a decade, and then begin to take price. That would be a rational strategy for OpenAI to follow. So you take the profitable consumer business, you use it to subsidize, you …”

“You're going to see the hyperscalers. You're going to see Amazon and Meta and these guys back involved in the stable business.”