Patel argues that if model progress pauses while compute supply grows, demand growth will slow and prices will collapse.
“If model progress at the labs pause, then more compute comes online. It has to slow down. Right? Sort of right now we have supply demand, right?”
Patel argues labs must pay $25-50 million per megawatt to acquire 70% of world's compute by 2028.
“For sure. They they do have to start paying $25.30, $50,000,000 a megawatt to really gobble up 70% of the world's compute in 2028”