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David Cahn quote, Jun 20, 2024

Partner, Sequoia Capital · Jun 20, 2024 · Essay, AI's $600B Question

But we need to make sure not to believe in the delusion that has now spread from Silicon Valley to the rest of the country, and indeed the world. That delusion says that we’re all going to get rich quick, because AGI is coming tomorrow, and we all need to stockpile the only valuable resource, which is GPUs.

Primary source

Words found on the source page on Sep 25, 2026.

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AI’s $200B question is now AI’s $600B question.Jun 20, 2024· Essay
GPU computing is increasingly turning into a commodity, metered per hour. Unlike the CPU cloud, which became an oligopoly, new entrants building dedicated AI clouds continue to flood the market. Without a monopoly or oligopoly, high fixed cost + low marginal cost businesses almost always see prices competed down to marginal cost (e.g., airlines).Jun 20, 2024· Essay

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About this quote
Said by
David Cahn, Partner, Sequoia Capital
Where
AI's $600B Question
Topics
Investment, AGI
Company
Sequoia Capital
Source
sequoiacap.com/article/ais-600b-question/

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