descriptive claim
The interviewer estimates that end revenue exceeds fab capital expenditure by more than 100 times even after allocating half of the revenue to intermediaries, and describes this as conservative.
Dwarkesh Patel · Dylan Patel – Anthropic & OpenAI will have most of the world’s compute by 2028 · 25 Aug 2026
In their words
The transcript segments this claim was taken from
“So take away half of it for all these middlemen.”
“That still means there's 100x discrepancy between fab capex.”
“And end revenue generated more than that, actually, really, but just being very conservative.”Play from 9:11Report a misattribution
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