WATCH CAPEX RATIOS

“I saw the master of hype, Casey Newton, talking about this. He was like, yeah, it could suggest planning Halloween costumes. It's like, that is solved by Party City. If you have children, they will just tell you what they want to wear. If you were a parent, it's like, what the fuck am I going to do for my kid's Halloween thing?”

“The big question is whether or not all of this AI spending is a bubble. I feel very safe in saying yes. You have committed to failure, there is no doing this. If they gave every dollar just to Sam Altman, the guy who can't even tell you why you're giving the money to him, when you're like, what are you going to do? Sam is like, why can't we do that?”

“They were like, well, okay, everyone, we should really be concerned because there's only, we need $2 trillion of revenue to make this worth it. And then like, but we're going to be 800 billion short. What? There's $55 billion, which is including Core, we've Nebius and all the different people selling AI computers. About $55 billion of revenue. How are we getting the other $1.9 trillion, $95 trillion?”

“It is initially available for pro subscribers. So 200 bucks a month. So this shit is expensive. No, but if they're releasing a feature only to pro subscribers, it means it's too expensive. And as usual, this shit just works for you overnight. What the fuck are you talking about, Sammy?”

“You know, 100 billion is a small dent in it. And the numbers are also like... They're missing the story of what this amount of infrastructure is capable of doing. Like 10 gigawatts of compute, again, easy to throw around numbers like that. But the amount of work... this is the real deal. This is the thing people have been waiting for.”