AI labs are moving from annual spending in the tens of billions of dollars to hundreds of billions, and their contracts and forecasts point to spending trillions of dollars per year toward the end of the decade.

“you've got a very interesting situation where the labs are going from companies that spend, you know, tens of billions of dollars a year to hundreds of billions of dollars a year to forecasting to spend trillions of dollars a year even towards the end of the decade. And this is at least some of the contracts they've begun signing with their partners. And so this requires a big reshaping of.”