The Minutes of Dylan Patel on financing https://minutesof.com/dylan-patel/on/financing/ Everything Dylan Patel has said on financing: 3 verbatim quotes between February 2026 and August 2026, each with a timestamp and a link to the recording… en Sun, 30 Aug 2026 16:22:21 +0000 Patel questions where $3-4 trillion in CapEx will come from for 2028 AI infrastructure buildout. https://minutesof.com/q/98c3bd9c-c70c-401a-b52d-19dfc1b20e62/ https://minutesof.com/q/98c3bd9c-c70c-401a-b52d-19dfc1b20e62/ “So if you're at 3 or $4,000,000,000,000 of CapEx, where does all this cash come from?” — Dwarkesh Patel Tue, 25 Aug 2026 15:57:53 +0000 financing Patel argues hyperscalers would pay 8% interest rates versus current 5-6% given AI compute returns. https://minutesof.com/q/470deb1c-05eb-4eaf-9d8c-4112dbe35a93/ https://minutesof.com/q/470deb1c-05eb-4eaf-9d8c-4112dbe35a93/ “Meta's raised at, like, 5% to 6%. I don't see why they wouldn't pay 8% Because they would happily pay 8% because the return from the compute that they're going to build is humongous.” — Dwarkesh Patel Tue, 25 Aug 2026 15:57:53 +0000 financing 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 financing