The Minutes of Dylan Patel on gpu pricing https://minutesof.com/dylan-patel/on/gpu-pricing/ Everything Dylan Patel has said on gpu pricing: 4 verbatim quotes between October 2024 and June 2026, each with a timestamp and a link to the recording it… en Sun, 30 Aug 2026 16:22:19 +0000 Patel states GPU rental rates were $12-13 billion per gigawatt before recent increases. https://minutesof.com/q/c1abee78-d176-457f-8a5b-90e353f41471/ https://minutesof.com/q/c1abee78-d176-457f-8a5b-90e353f41471/ “GPUs, at least before the craziness of the last six months, usually went around 12 to $13,000,000,000 per gigawatt.” — Sequoia Capital Tue, 30 Jun 2026 12:00:25 +0000 gpu pricing Patel reports H100 rental prices increased from $1.71 per hour to over $2.40 in six months. https://minutesof.com/q/525bb53d-bbc6-4eaf-84ff-3b55976574fc/ https://minutesof.com/q/525bb53d-bbc6-4eaf-84ff-3b55976574fc/ “And just in the last six months, it's gone from, you know, deals for one year transacting at $171.60 an hour for h 1 hundreds to now $2.40 plus.” — Aria Networks Thu, 16 Apr 2026 02:27:54 +0000 gpu pricing Patel reports seeing AI labs sign GPU rental deals at $2.40 per hour for H100s, well above initial $1.40 cost. https://minutesof.com/q/4203d5a5-7268-4115-a39f-6b148314d682/ https://minutesof.com/q/4203d5a5-7268-4115-a39f-6b148314d682/ “I've seen deals where certain AI labs I'm be a little bit vague here for a reason, have signed at as high as $2.40 for two to three years.” — Dwarkesh Patel Fri, 13 Mar 2026 16:26:57 +0000 gpu pricing Patel reports H100 rental prices have dropped from $3-4 per hour to $2.15 or less, approaching natural cost of https://minutesof.com/q/e377715e-4aba-45ba-9b19-f37de850e568/ https://minutesof.com/q/e377715e-4aba-45ba-9b19-f37de850e568/ “An hour. Right? For shorter term or midterm deals. Right now, it's like, if you want a six month deal, you could get, like, $2.15 or less.” — Dwarkesh Patel Wed, 02 Oct 2024 14:59:36 +0000 gpu pricing