AI in 2025 – Infrastructure, investment & bottlenecks with Dylan Patel

Dylan Patel, founder of SemiAnalysis and one of my go-to experts on semiconductors and data center infrastructure joins me to discuss AI in 2025. Several key themes emerged about where AI might be headed in 2025: (1) The hyperscalers are racing ahead in capital expenditure, (2) The expected explosion in AI workloads is drawing in a wave of new specialized GPU cloud providers, (3) By 2027, AI data centers alone could account for 10% or more of total US electricity consumption, straining America’s aging infrastructure, (4) Open-source variants like Llama 3.1 are driving commoditization at speed, slicing away the profit margins of plain-vanilla model-serving.