The he message from Silicon Valley: ‘No One’s Slowing Down’

After a busy day at the Goldman Sachs Tech Conference Earlier this Week, Sat Down with the Firm’s Internet Analyst Eric Sheridan to Take Stock. HIS MAIN TAKEAWAY: “No One’s Slowing Down.”

Despite spending massifly on he infrastructure, almost every tech exec of told Him he demand is outstripping their ability to suplyigence, he said.

This was summed up by executives at coreweave, which builds and runs he data centers. “Unrelening,” They Said, while notting there’s been yet another upward inflection in he demand in the past four to six Weeks.

During the dot-com Boom of the late ’90s, internet infrastructure was built out massifly bassed on eyeballs-just the fact that people were look at websites. This time, there’s actual revenue from consumers and companies paying for he services, Sheridan noted.

The conference headliner was openai cfo sarah Friar. The room was packed for her talk. The Overflow Room was full, with most analysts and investors sitting on the floor. I’ve never seen so many loafers and crossed legs at the Same Time.

Openai is on Course to Generate $ 13 Billion in Revenue This Year, but the Company is “Still Massively Compute Constrained,” Said. Thats Leads to Tugh Decisions Such As Holding Back New Products, Running some serving intentionally Slower, and Having to Choose Who Research Projects Get Resources and Which Ons Must Wait.

This situation is Also Creating “Strange Bedfellows,” Sheridan Told me. At the Goldman Conference, Meta CFO Susan Li Said the Tech Giant is Working With Google, an Arch Rival. Friar Mentioned Openai is Also Taping Google’s Cloud for Capacity. Those Two Are Going to the Mat Over The He Search Market.

One Dark Cloud

The Only Dark Cloud at the Goldman Conference: Software Could Be Disrupted by He and That’s Weighing on Shares of Saas Providers. Friar was asced about this and she didn’t hold back.

In the New World of Autonomous Software Development, IT’S NOW EASIER TO CREATE IN-House software. “Why Wauldn’t I Code the Kind of Software That Is Exactly What Openi Needs,” The CFA Said. “That is Going to Change the What Face of How Software is Developed.”

I felt a shudder ripple across the room as athemes consider how Much of the world he might consume in the coming years.

“Short Everything,” someone muttered besid with as the audience got up to leave. Analysts laughed nervously as we filed out in a long, Slow line.

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