Brad Gerstner

Cloud users have been experiencing rate limits.

Well, Cloud has now doubled the Cloud code rate limits, removed peak usage caps for paid users, and increased API volumes for Opus models.

XAI is now trading their models at Colossus 2.

So they have more than enough compute.

Elon made a great bet.

on compute and built up those data centers really fast.

And that is now paying off.

We had the cursor deal we talked about last week.

Let's talk about the emergence of Elon Web Services, EWS Chamath.

He's now in the hyperscaler competing against Google Cloud, Amazon Web Services, and Azure.

And I don't know if you had inside information or just a brilliant epiphany, but take us behind the call.

And what do you think about the deal itself?

I think the deal is fantastic.

I'll say maybe three quick things.

The first is, as I mentioned a couple of weeks ago, Anthropic and OpenAI's revenue performance has nothing to do with demand, zero.

It is entirely to do with the supply constraints that exist in data centers and specifically in power.

If they had infinite power, I think that their revenues would probably be even more parabolic.

And so all the breathlessness about either exceeding or underperforming a forecast, in my opinion, mean nothing.

I think the five-year view for those two companies is quite robust.

The thing that they really need is more compute and more power.