The speaker suggests that a sudden addition of 10 million software engineers might lower the marginal value of software-engineering labor and thus reduce the revenue an H100 could generate below 15 times its current level.

“Of course, you might expect that if we had 10 million extra software engineers suddenly appear in the economy,”

“the marginal value of a software engineer would decrease and thus the revenue that that H100 would be able to generate would not be 15x higher than it is right now.”