Invest Like the Best
Dylan Patel - The Infinite Demand for Tokens, Claude Mythos, and Supply Constraints - [Invest Like the Best, EP.469]
April 23, 202645 min · 9,314 words
Show notes
This is my second conversation with Dylan Patel. Dylan is the founder and CEO of SemiAnalysis, where he tracks the semiconductor supply chain and AI infrastructure buildout. This conversation is about the supply and demand of tokens. On demand, Dylan describes something completely explosive. He explains why the frontier model is the only model anyone wants, and willingness to pay for it is nearly unbounded.
Highlighted moments
we're spending 7 million dollars a year now on CloudCode at the current rate versus our salary expense being in the neighborhood of $25 million. So we're north of 25% of spend on CloudCode as a percentage of salary.
“What used to matter a lot was execution was very, very fucking difficult and ideas were cheap. Now ideas are cheap and plentiful, but execution is very easy. So really only the good ideas are the ones that can justify the spend on super cheap implementation.”
“They just don't want to release it because they're worried about the impact on the world. And they're releasing a worse version, Opus 4.7, to us.”
“Anthropic has gone from 9 billion revenue to what? They're at 35, 40 billion. Now, probably by the time this airs, 40, 45 billion.”
Transcript
Transcript not available for this episode yet.
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