The Minutes of Dylan Patel on debt https://minutesof.com/dylan-patel/on/debt/ Everything Dylan Patel has said on debt: 3 verbatim quotes between February 2026 and August 2026, each with a timestamp and a link to the recording it… en Sun, 30 Aug 2026 16:22:21 +0000 Patel's models show $11 trillion AI CapEx through 2029, requiring over $5 trillion in new debt. https://minutesof.com/q/19475f58-3551-48c1-8f14-1441b116b5aa/ https://minutesof.com/q/19475f58-3551-48c1-8f14-1441b116b5aa/ “In the modeling that we do, we have about $11,000,000,000,000 of CapEx from 2024 to 2029. Total. Total.” — Dwarkesh Patel Tue, 25 Aug 2026 15:57:53 +0000 debt Patel argues Meta could pay 8% interest rates versus current 5-6% because compute returns are enormous. https://minutesof.com/q/a57f7628-9d01-45ea-854c-c064550bc8ee/ https://minutesof.com/q/a57f7628-9d01-45ea-854c-c064550bc8ee/ “So why wouldn't interest rates Yep. For Amazon go from, you know, from where they are today? I think Meta pay okay, let's like so this is going be extremely lived out.” — Dwarkesh Patel Tue, 25 Aug 2026 15:57:53 +0000 debt Patel predicts Google and Amazon will take on debt for AI infrastructure following Meta's example. https://minutesof.com/q/59aa0cd8-2be5-4bd6-99fa-8aad2129359d/ https://minutesof.com/q/59aa0cd8-2be5-4bd6-99fa-8aad2129359d/ “Google and Amazon haven't taken on debt yet for AI infrastructure, but they will. Right?” — Latent Space Thu, 26 Feb 2026 21:15:18 +0000 debt