Patel predicts AI labs will scale from tens of billions to trillions in annual spending by decade's end.
“As we go out into '28, it's gonna be more than $2,000,000,000,000. The labs are also taking an increasing percentage of this.”
Patel predicts Anthropic revenue will grow from $19B to $60B by year end amid majority-negative AI sentiment.
“The sentiment is already more than half Americans have a negative view of AI. As we fast forward to the end of this year, as Anthropix revenue goes from 19,000,000,000 to maybe 60, and OpenAI is similar, if not higher, the amount of jobs that get supplemented, the amount of change that happens in society,”
Patel predicts Google will have zero cash flow profit in 2027, spending all revenue on AI infrastructure.
“There's no reason why Google will have any profit in '27 at all, right, in terms of cash flow. They will just spend every dollar they make on on AI infrastructure.”
Patel predicts AI startup revenue will exceed $100 billion by end of year, calling it unbelievable to most.
“by the end of the year do how many people even believe by the end of the year AI startup revenue is over a $100,000,000,000?”
Patel predicts AI startup revenue will exceed $100 billion by end of year, a claim few believe.
“I think that's an insane statement for a lot of people, but that's what it's gonna be. Yeah. Right? And who believes that number? Right? It's like Yeah. Very few people.”
Patel says Anthropic's $300 billion revenue target for end of decade is actually too conservative.
“when Anthropic says in their funding, like, hey, we're gonna have $300,000,000,000 of revenue by the end of the decade. And it's like, actually, I think that number's too low.”
Patel states Oracle will grow from one fifth Microsoft's size to bigger by end of 2027 at 35% margins.
“Oracle is going from like one fifth your size to bigger than you by end of twenty twenty seven.”
Patel estimates Microsoft's 2028 capacity is three and a half gigawatts lower than forecasted due to paused buildouts.
“And then the other one is, given our estimates on what your capacity is in 2028, is three and a half gigawatts lower? Sure, you could have dedicated that to OpenAI training and inference capacity.”
Patel states AI labs are projecting one hundred billion dollars in revenue by 2027-2028 with 2-3x growth.
“So, these labs are now projecting revenues of 100,000,000,000 in 2728, and they're projecting revenue keeps growing at this rate of like 3x, 2x”
Patel forecasts hyperscaler CapEx at $455-500 billion for next year versus Wall Street consensus of $360 billion.
“The consensus for the banks is $360,000,000,000 of spend next year across all of them. And my number is closer to, like it's, like, $45,500.”
Patel forecasts NVIDIA revenue exceeding $300 billion next year as infrastructure spending reaches nation-state scale.
“NVIDIA's revenue this year is gonna be, like, over $200,000,000,000, and next year expects over 300,000,000,000 plus Google's gonna spend, like, $50,000,000,000 on TPU data centers.”