Harry Stebbings

There's much more valuable things for people to steal from you.

There's much more valuable things for people to steal from you.

London-based VC.

London-based VC.

When we look at the different providers that we said kind of server-side versus on-device, when we look at server-side, a lot of people want an AI infrastructure bubble, which I think is funny, stupid and moronic.

When we look at the different providers that we said kind of server-side versus on-device, when we look at server-side, a lot of people want an AI infrastructure bubble, which I think is funny, stupid and moronic.

To what extent do we have a data center supply problem today from what you see?

To what extent do we have a data center supply problem today from what you see?

But when we see Meta's capex spend and it wanting to increase in the last few days and thinking about raising more and more money to increase capex spend, I get it with a lot of the AI providers like your open hours or Anthropos because they aren't making money from their AI products.

But when we see Meta's capex spend and it wanting to increase in the last few days and thinking about raising more and more money to increase capex spend, I get it with a lot of the AI providers like your open hours or Anthropos because they aren't making money from their AI products.

For Meta, the capex spend correlates to increasing accuracy on ads, which is like a 6% to 8% bump in revenue.

For Meta, the capex spend correlates to increasing accuracy on ads, which is like a 6% to 8% bump in revenue.

I get it.

I get it.

But for the capex spend, it doesn't make sense.

But for the capex spend, it doesn't make sense.

Can you help me understand that?

Can you help me understand that?

Because memory is already a massive bottleneck.

Because memory is already a massive bottleneck.