Gavin Baker

speaker
1,686 appearances 2 recordings 1 series first heard May 2026 last heard 4 Aug

Gavin Baker’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months
1 · Aug OctJan 26AprJulnow

Recordings per month over the last 12 months — 2 in all, peaking in Aug 2026 with 1.

Appearances

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So maybe what they're thinking is like, hey, we will show on a small chunk of capacity that we can generate really strong IRRs.
Then we're going to raise equity capital and
We'll be off to the races and probably raise CapEx.
It doesn't look like that's what they're doing.
But nonetheless, the market sold off because it interpreted this very negatively.
And I was really sure it wasn't negative.
A lot of telemetry into Meta's CapEx plans.
None of that telemetry had shifted at all.
If anything, they're continuing to get more aggressive.
And then shortly after that, they released their best model in a long time, Muse 1.1, which is actually a very good model.
It was overshadowed by Croc 4.5, but it was a good model.
Way better than anything in two years.
So just no chance they're taking their foot off the gas.
Then Kimi comes out.
And then there's this huge freak out about open source.
And at the same time, this silicon data token index kind of dips and flattens.
And the two are connected.
What the silicon data token index captures is mix.
And they don't see all the tokens.
But because of GLM 5.2 and then Kimmy, although it took a while to layer in, there's kind of a mix shift in this data from more expensive frontier tokens, which probably have an inference margin of
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