“I'm delighted to partner with them and support them. They're going to be two of the most consequential technology companies ever built in history… But they don't have to be anywhere near a trillion dollars in revenues to be successful. And I think we're putting way too much pressure on that.”
BG2Pod with Brad Gerstner and Bill Gurley · Startups & Venture · October 2026
The hosts raised the market's fear that OpenAI won't have the money to pay for the infrastructure being built for it, and noted that much of next year's build-out goes to many other buyers. Huang argues the AI capex story doesn't hinge on two labs hitting trillion-dollar revenues.
Transcript
Yeah.
…the basic stuff out of the hyperscalers, that a third of it's going to kind of neo-cloud sovereigns, enterprises, everybody else who's using this, all the startups. And a third of it's going to not two labs, but to many labs, right, including Grok and thinking machines and all the other. We're
putting way too much pressure on two labs. I'm delighted to partner with them and support them. They're going to be two of the most consequential technology companies ever built in history. They're going to be magnificently successful. But they don't have to be anywhere near a trillion dollars in revenues to be successful. And I think we're putting way too much pressure on that. And then the rest of the industry, we still do have to build out a few trillion dollars of computing infrastructure.
Just to keep going, let's shift a little bit. How good is this, guys? Come on. By the way, what are these?
These are dried plums.
Dried plums. The oldest dried plums.
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