Jason Calacanis

I was like, okay, whatever.

Then it went to 10.

Then it went to 15.

Then it went to 20.

And now it's upwards of $50 billion for the powered shell, for all the land, for all the permits, then for all the infrastructure, all the people, all of it.

Okay.

Sarah Fryer said, I think it was about a year ago, maybe less than a year ago, that for them, every gigawatt is about 10 billion of annual revenue.

So if you think about that J curve, Jason, really the way to think about it is, look, energy equals intelligence.

For every gigawatt that they're trying to spend, they have a five-year payback is roughly what it means just to get to break even.

And then year six, seven, and eight will be where the profit is.

Now, how do you shrink the jQuery?

You have better silicon.

We're going to see something from Jensen in a week or two that uses a bunch of the stuff that we partnered with him at Grok on.

There'll be other people.

There'll be open source.

So all those things can shrink the depth and the surface area of that j-curve so that you can get out of it faster.

But right now, that thing is roughly accurate, which is it's about $50 billion per gigawatt.

And it's about a five to six-year payback just to get into the money.

And then it's about $10 billion a year.

And the technology industry has to do something to make this better.