Dylan Patel - Inside the Trillion-Dollar AI Buildout - [Invest Like the Best, EP.442]

In this episode of Invest Like the Best, Patrick O'Shaughnessy interviews Dylan Patel, the founder and CEO of Semianalysis, about the industrial build-out powering AI. They discuss the strategic dynamics between OpenAI, Nvidia, and Oracle, the diminishing returns on compute, and the challenges of inference and tokenomics. Patel shares his insights on the future of AI, including the importance of reinforcement learning, the potential for AI to automate tasks, and the talent wars in the AI industry. The conversation also covers the power dynamics in the AI ecosystem, the role of China in the AI race, and the changing economics of software in the age of AI.