Brad Gerstner

speaker
3,957 appearances 19 recordings 4 series first heard Apr 2025 last heard 17 Sep

Brad Gerstner’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 17 in all, peaking in Jun 2026 with 4.

Appearances

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I'm feeling pretty optimistic about it.
But you're right to bring it up and you're right to be concerned about it.
We cannot take it for granted.
For sure.
I mean, listen, I think about when I got into the game, guys, 1999, 2000, and we had about 35 million people connected to broadband Internet.
We all saw what Amazon was going to be, but where we got over our skis is we thought it would come a lot faster, and we forgot that there were only 35 million people connected to broadband internet.
Today, we have 4 billion, 3, 4 billion.
The rate of diffusion and the magnitude of diffusion is radically, radically different.
And think about this.
We have a natural constraint on how fast we can go because we only have so many memory wafers in the world.
We only have so many logic wafers in the world.
We only have so much powered shell in the world.
That means we can only produce so many tokens, okay?
And it's almost as though in 1999, 2000, we could only lay so much fiber.
I've said this a thousand times.
When we were putting down the fiber in 2000, we called it dark fiber for a reason.
There was nobody using it, and we knew there was nobody using it when we put it in the ground.
There's not a dark GPU in the world today.
Yeah.
okay there's not a dark token in the world today so i think it's a very different thing i think it's a healthy thing we have this wall of worry we can't build that much supply and i would say if i look at every company what did they report on their earnings calls google was token constrained they said if we had more tokens we'd be able to generate more revenue same for amazon same for microsoft
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