20VC: OpenAI and Anthropic Will Build Their Own Chips | NVIDIA Will Be Worth $10TRN | How to Solve the Energy Required for AI... Nuclear | Why China is Behind the US in the Race for AGI with Jonathan Ross, Groq Founder

What It Covers

Jonathan Ross, Groq founder and former Google TPU architect, explains why compute demand is insatiable, NVIDIA will reach $10 trillion valuation, nuclear energy solves AI infrastructure needs, and China lags The US in AGI development.

Key Questions Answered

• •Compute Supply Constraint: If OpenAI or Anthropic received double their current inference compute capacity, their revenue would nearly double within one month because rate limits currently restrict customer access. Demand for AI compute remains completely unsatisfied across the industry today.
• •Energy Geopolitics: Countries controlling compute will control AI, and compute requires energy. Norway alone could match entire US energy capacity by deploying five times its hydro capacity in wind turbines with 80% utilization rates. Europe must locate compute where energy is cheap to compete.
• •Hardware Economics: NVIDIA maintains monopsony control over HBM memory supply, requiring two-year advance orders for GPUs. Groq delivers chips in six months versus eighteen-month advantage. Supply chain speed matters more than chip performance when customers face compute shortages driving purchasing decisions.
• •Chip Amortization Reality: Standard five-year chip amortization periods are too long. Groq uses three-year cycles internally because newer chips will make older ones unprofitable to operate below operating costs. H100s remain profitable only because compute scarcity persists, not inherent value retention over time.
• •AI Economic Impact: AI creates deflationary pressure reducing costs across supply chains, causing people to work fewer hours and retire earlier while creating entirely new job categories. This adds labor capacity to economy through compute, unprecedented in economic history, preventing labor shortages despite automation fears.