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Wes Cummins

👤 Speaker
430 total appearances

Appearances Over Time

Podcast Appearances

The Rundown
How Applied Digital Became the Landlord for Big Tech’s AI Buildout

Right.

The Rundown
How Applied Digital Became the Landlord for Big Tech’s AI Buildout

It went crazy.

The Rundown
How Applied Digital Became the Landlord for Big Tech’s AI Buildout

I've never seen a transition that fast where it went from like, AI is going to be dead.

The Rundown
How Applied Digital Became the Landlord for Big Tech’s AI Buildout

You know, it's a bubble to like, oh, it's going to kill everything.

The Rundown
How Applied Digital Became the Landlord for Big Tech’s AI Buildout

You know, every software company is dead.

The Rundown
How Applied Digital Became the Landlord for Big Tech’s AI Buildout

Every services company is dead.

The Rundown
How Applied Digital Became the Landlord for Big Tech’s AI Buildout

And then, you know, you look at these projections for AI revenue.

The Rundown
How Applied Digital Became the Landlord for Big Tech’s AI Buildout

And here's how I kind of frame AI revenue in my mind.

The Rundown
How Applied Digital Became the Landlord for Big Tech’s AI Buildout

So total spend on labor worldwide, let's call it $70 trillion.

The Rundown
How Applied Digital Became the Landlord for Big Tech’s AI Buildout

There's a band, but that's kind of the middle of the band.

The Rundown
How Applied Digital Became the Landlord for Big Tech’s AI Buildout

So if you can replace 5% of labor worldwide with AI, and that's not the only use case here, but just say 5% of labor.

The Rundown
How Applied Digital Became the Landlord for Big Tech’s AI Buildout

Okay, so that's $3.5 trillion.

The Rundown
How Applied Digital Became the Landlord for Big Tech’s AI Buildout

If you can do 10%, that's $7 trillion.

The Rundown
How Applied Digital Became the Landlord for Big Tech’s AI Buildout

I mean, it's a massive, massive market either way.

The Rundown
How Applied Digital Became the Landlord for Big Tech’s AI Buildout

And I think the projections for AI revenue through 2032 or 33 is like 1.3 trillion, something like that, but it's still a huge number.

The Rundown
How Applied Digital Became the Landlord for Big Tech’s AI Buildout

So you look at these things and, you know,

The Rundown
How Applied Digital Became the Landlord for Big Tech’s AI Buildout

What I would say, you know, for the people that own our company, we have a very volatile stock.

The Rundown
How Applied Digital Became the Landlord for Big Tech’s AI Buildout

You know, I don't think it'll stay that way forever, but it really goes on the whims of like the market's really bullish on AI or it's really negative on AI.

The Rundown
How Applied Digital Became the Landlord for Big Tech’s AI Buildout

And I'm sure we'll have a few more of those swings this year.

The Rundown
How Applied Digital Became the Landlord for Big Tech’s AI Buildout

But the trend, the underlying trend is really good.