20VC: The Future of Datacentres: What You Need to Know | Why Everyone Gets GPU Depreciation and AI's Energy Costs Wrong | Who Really Makes Money From AI & Why Most Moats Don't Exist with Chase Lochmiller

So absent having a purpose, I was like, man, I guess I guess I should get rich. Like that's maybe the next best thing to like having a, you know, a monastic calling that you're devoted to. The infrastructure to support AI wasn't going to be centralized. It was going to be distributed where energy was low cost and abundant. Energy prices actually come down. It's actually the opposite of the narrative that's being told. people are very emotional about data centers. There's really like three products that we ultimately sell to customers and where we're making money. We can sell data centers, we can sell GPUs, and we can sell tokens. Well, you know, the GPU is actually the most valuable thing in the entire data center. Most motes are a illusion. Most motes don't exist.

This is 20 VC with me, Harry Stebbings. Now my job is to bring you the most relevant interviews in technology. Right now, we are in a race for data centers, for compute capacity, for energy, and there is not a more pertinent that could join me in the hot seat today than Chase Loch Miller from Crusoe Energy. They provide several different layers of this very important business, which is they provide the data centers, they can provide the compute, and then they can provide the inference. Three of the most valuable pillars of this value chain. He sits down today to join me following their$3.9 billion series F, which was raised at a$30.9 billion valuation. Get the notebooks out. This one went very granular into the build-out that's required over the next few years to supply the incessant demand for AI. But before we dive into the show today Founders and investors sleep on eight sleep. It is the intelligent sleep system trusted by Mr. Mark Zuckerberg, Dr. Andrew Huberman, Charles LeClerc, and the Aston Martin F1 team. The pod is a smart mattress cover that fits on any bed. It cools each side to 55 degrees, heats to 110 degrees, it even tracks your heart.

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