Robert Armstrong

And that's a business, right?

Selling computer power is a business.

But it's going to be a business with modest returns, right?

It's going to be like running a utility.

And the money that's going in to this business right now does not expect utility-like returns.

So that is the question.

Are AI models differentiated and can they be kept proprietary?

If there's anyone in the audience who's smart enough to answer this question, please write us at unhedgedatft.com.

I, unfortunately, am not smart enough to answer this question, only smart enough to raise it.

Well, again, it depends what you mean by wrong thing.

I never know how you pronounce this guy's name, and I'm going to mangle it, but Dario...

Amadei?

Am I saying his name correctly?

He's the chief executive of Anthropic, and he's a very interesting guy.

It's amazing they let me come on a podcast.

In any case, you know, he has this thing like, you know, he thinks in three or four years, a data center, his term is going to be like a country full of geniuses.

Like this guy really believes like,

there's not going to be disease anymore.

We're going to, like cancer is gone, you know, because we're going to have, the data centers are going to be so much smarter than us.

The AI models are going to be so much smarter than us.