00:30:57 · Jordi Hays, John Coogan, Ben Liu
[00:30:57] S0: That can serve these models. So I would expect that that is where that is where the that's where the billions of dollars of of inference spend is happening. [00:31:06] S1: Sure. Do we have a do we have a reference point for what percent of DeepSeek inference is going through OpenRouter versus going direct? [00:31:14] S0: Oh, I think it's impossible to know. [00:31:16] S1: Okay. Well, if you wanna get in the game, there's a 300 rack AI supercomputer powered by 9,600 NVIDIA a 100 GPUs. It's on eBay. You can just buy it [00:31:27] S0: on eBay. If [00:31:28] S1: you were thinking about starting a Neo Cloud, getting in the token selling business, hit up your local banker, get a credit line for 60 mil, go on eBay, click it. Fair market value for this? [00:31:42] S0: EBay up 16% over the last six months likely because people are realizing that this... It's a compute marketplace. [00:31:49] S1: Apparently. Yeah. Fair market value for this would be closer to 50, maybe 55,000,000, but you could still [00:31:56] S0: I love that. The screenshot. It says in six carts. [00:32:00] S1: In six [00:32:01] S0: carts? Like six Only people [00:32:02] S6: have added it.
00:32:02 · Ben Liu, John Coogan, Jordi Hays, S2
[00:32:02] S6: have added it. [00:32:03] S1: Added to cart. Two available. Wait. They have two available of these? Wow. Yeah. Interesting. Pretty pretty solid depreciation too. This this hardware originally sold for something like, what was what was this originally originally went for? Let me let me find it. It's selling for 60,000,000 now. The original hardware was almost 300,000,000. So there is depreciation, but there's still some value there. Of course, there's... The a 100 is a seven year old chip now, something like that. And so you're banging the table. You're you're you're hitting by? Are you bidding? [00:32:47] S0: I got... I was getting excited. [00:32:48] S1: Oh, you're just getting excited. [00:32:49] S0: Okay. No. Very old chip. Still worth a lot of money. [00:32:53] S1: Yeah. Totally. [00:32:54] S2: It's the price of one dinosaur. [00:32:56] S1: Oh, yeah. Which one would you do? Jordi, which one are you going with? [00:33:00] S2: Are you going Gus, the the T Rex? T Rex? Or are going these g p... [00:33:03] S0: 20... That's that's the 20... Think I think I'm still, to to my oldest dismay, I'm still going I'm going for the GPUs. [00:33:12] S1: You're going for the GPUs? [00:33:13] S0: Just because I think Malibu Inference would be Really good. A great name [00:33:17] S1: Yep. [00:33:17] S0: For a a Neo Cloud. [00:33:19] S1: Yeah. And everyone's been making that claim. Oh, like, put the data centers in, like, luxury towns. And you're like, yeah, got one right here. [00:33:26] S0: Yeah. Also, you could Literally in my backyard.
00:33:26 · Jordi Hays, John Coogan
[00:33:26] S0: Yeah. Also, you could Literally in my backyard. [00:33:28] S1: GPUs up in the shape of a dinosaur Yes. So that you have a beautiful architecture in your foyer. You'd of course need to add a lot of cooling. Because all of a sudden your entryway is the hot aisle. That'd be rough. But it would make a statement. People would come in, they know you mean business. They know they know you do [00:33:47] S0: That's right. [00:33:48] S1: You do local compute. You're not paying API pricing, you know. You're saving dollars every... [00:33:54] S0: Why on earth does Malaysia have so much compute, John? Can you take [00:33:59] S1: a Nobody knows. [00:33:59] S0: It's a mystery. Nobody knows. [00:34:00] S1: Nobody knows. [00:34:01] S0: Nobody knows. It is a total mystery. [00:34:03] S1: This was the first story we talked about on this show. The very first show. Wow. Very first show I opened up The Wall Street Journal and and there was an article right on the cover about Malaysia being the new the new data center hub. [00:34:18] S0: Tyler, we gotta send you down there.
00:34:18 · Jordi Hays, John Coogan
[00:34:18] S0: Tyler, we gotta send you down there. [00:34:19] S1: They are the Switzerland of AI. That was sort of the framing was that they can buy compute from The US and resell it in China. And so that was an incredible advantage. And they had a lot of power between the different locations there, and the government was sort of set up to allow a lot of compute build out. Pretty pretty interesting. They they have a lot. It's not that much compared to America. I mean, is not the green bar here. They're not the red bar. The red bar is China. I'm actually surprised They're not even the blue bar. [00:34:54] S0: I'm I'm surprised that the EU has more compute than Malaysia. Okay. Yeah. You're back. Aren't you? [00:34:59] S1: No. Because the EU is huge, and Malaysia is like a pretty small country. [00:35:04] S0: I know. But, yes. They they... Malaysia seems to be going so long.
00:35:04 · Jordi Hays, John Coogan
[00:35:04] S0: I know. But, yes. They they... Malaysia seems to be going so long. [00:35:07] S1: Yeah. Also, Malaysia is interesting because it's sort of like the the AI industrial hub to Singapore. So Singapore is the the global financial hub, the port city. So everything's coming in there. You get stuff delivered through Singapore, and then you set it up in Malaysia, just a hop, skip, and a jump over, like, a small river or a small, I don't know, small waterway to get to where you actually need to deliver the final product. So, interesting. But, yes, I imagine that a lot of Chinese AI lab compute. If they're doing training, they're probably using like a Malaysian neo cloud that's racking NVIDIA chips. And they can because there aren't as many trade restrictions, I think. Something like that. Yeah. Anyway, let me tell you about Shopify. Shopify is a commerce platform that grows with your business, lets you sell in in seconds online, in store, on mobile, on social marketplaces, and now with AI agents. I know you. [00:36:00] S0: Two Sequoia Capital portfolio companies [00:36:04] S1: Okay. [00:36:04] S0: Citadel Securities and OpenAI have teamed up with Sequoia. That's a true sentence. Very... It is unbelievable. Yeah. [00:36:13] S1: It doesn't read like that. It reads like we're Sequoia and we're brokering a deal between two large important institutions. [00:36:20] S0: No. These are just portcos.
00:36:20 · Jordi Hays, John Coogan, Mark Gurman
[00:36:20] S0: No. These are just portcos. [00:36:21] S1: These are just portcos. They're just like we got a portco collab going on. We made the intro at our CEO summit. Yep. Ken, have you met Sam? You should... You guys should do something. [00:36:30] S0: You guys really gotta talk. [00:36:31] S1: You guys gotta talk. Yeah. Yeah. I'll I'll intro you over email. [00:36:34] S0: Sequoia announced no limit, a bot building tournament. [00:36:37] S1: It's cool. [00:36:38] S0: Hosted by Citadel and OpenAI and Sequoia. Teams of one or two get sixty minutes to build a poker bot from scratch. Agents play thousands of games across six scored rounds. Open to university students in recent [00:36:49] S1: Are they taking a shot at Tyler with that? [00:36:52] S0: Absolutely. It's brutal. Because he's neither a recent grad or a university student. Neither. He's neither. That's crazy. He specifically set this up. [00:37:01] S1: They could have just said [00:37:02] S7: Not allowed dropout. [00:37:02] S1: They could just said young people. Open to young people. [00:37:04] S0: They literally are like [00:37:05] S1: Open to young go [00:37:06] S0: No. No. They specifically don't want dropout. [00:37:07] S1: They specifically don't want dropout. [00:37:09] S0: They're like, anybody that, like, had a bright future in academia and quit to work on a podcast is absolutely not welcome to to to compete in this. We don't want you. [00:37:19] S1: I'm I'm sort of offended. I love Sequoia. I love OpenAI. I love I love Citadel Securities. But, yeah. Rough. Give us a break.