Yesterday, I joined @sk7037, VP at OpenAI, and @dylan522p of SemiAnalysis on a panel about AI infrastructure. Two predictions I've heard for 25 years came up. The first is that when the price of compute drops, the market gets smaller. This has never happened. Every time the price came down, people found new applications, and the market grew. Every single time. Bar none. Take the chip industry. In the last 10 years, everybody's chips have improved. We produce more per unit power. And we produce more per dollar. The history of our industry is a massive reduction in the cost per unit compute. The second is that when compute moves to the edge, the market for data centers gets smaller. This has also never happened. Putting compute in people's pockets gave us millions of new apps. Most of them rely on data centers to do anything hard. It is not a zero sum game. The entire market grows as compute is adopted at the edge. Over the next decade, the demand for edge compute in fields like robotics will explode. Every robot will drive more demand in the data center. Both misconceptions assume there's a fixed amount of work for computers to do. In practice, cheaper and more accessible compute creates work that didn't exist before. AI will follow the same pattern. Great to be a part of the summit.