Dylan Patel

And we're a global economy.

And as we go to the bipolar world, US, China, there is a lot around, American tech does not, it's not just you versus Amazon or you versus Anthropic or you versus Google.

There is a whole host of competition.

How does America rebuild the trust?

do to rebuild the trust to say, actually, no, American companies will be the main provider for you?

And how do you think about competition with up-and-coming Chinese companies, whether it be ByteDance and Alibaba or DeepSeek and Moonshot?

I think it's very, very simple.

You've got OpenAI paying Oracle lots of money.

You've got Oracle paying NVIDIA lots of money.

You've got NVIDIA paying OpenAI lots of money.

Spider-Man meme.

We've got the infinite money glitch here.

No, no, no.

That's not actually what's happening.

If they pay each other, then their market caps all keep going up.

What's really happening is OpenAI has an insatiable demand for compute.

The compute precedes the buildup of business.

You have to have the cluster before you can run models on it for inference.

You have to have the cluster to train the model that's good enough that it unlocks new use cases, which then can be adopted.

And there's an adoption curve there for any new use case.