20VC: Cerebras CEO on the Future of Data Centres, Token Costs and Memory | We are Not in an Infra Bubble & Dario Got a Bad Deal with Elon for Compute | Should US Companies Sell to China & Why Most Layoffs are AI Washed with Andrew Feldman

AI infrastructure development is currently constrained by supply rather than demand, as data center capacity struggles to keep pace with the exponential growth in AI utility. Unlike traditional hyperscalers, specialized hardware providers like Cerebras are navigating these shortages by leveraging alternative memory architectures like SRAM to maintain performance advantages. The industry is shifting toward multi-gigawatt power requirements, making energy procurement the critical bottleneck for future scaling. While geopolitical tensions and local permitting processes create significant friction, the long-term trajectory points toward a massive reduction in the cost per unit of compute. Andrew Feldman, founder and CEO of Cerebras, emphasizes that speed remains the ultimate competitive edge in agentic workflows, and the strategic onshoring of semiconductor manufacturing is vital to maintaining technological sovereignty against industrial adversaries.