Chamath Palihapitiya

What's the matter with you?

Your hair was in the toilet water.

Disgusting.

I ought to suffocate you, you little... It's a f***ing disgrace.

Well, if you ask any of the politicians that are making these proclamations about the, quote, tech barons and try and actually talk to them about what is the AI technology delivering, what is it not delivering, you kind of typically hit a wall pretty quickly.

It's very hard for folks to articulate what is actually happening.

There's a tremendous amount of capital being put at risk against infrastructure to build out the capacity to

For many companies, the entire economy, the entire industry to deliver AI tools, there isn't an aggregation at this stage of value creation with the exception of Nvidia, which has really got this $3 trillion market cap creation that's happened in the last couple of years.

Peter Thiel said this best.

He's like, look at all the money that's going into AI.

There's really only one company that's making any money and that's Nvidia.

Like at this point, the jury's still out.

We don't even know what AI is.

It's sort of like when the internet was happening,

Everyone thought these fiber optic switch companies were going to make all the money.

Turns out that was wrong.

It was the end applications that made all the money.

And they competed in many different markets from Google to Amazon to Uber.

You can go down the list of all the beneficiaries of the core infrastructure technology of the internet that was built out.

So what is really going on?