#459 – DeepSeek, China, OpenAI, NVIDIA, xAI, TSMC, Stargate, and AI Megaclusters

6340.261 - 6361.657 Dylan Patel

I think you could say it simply, which is the cost per fab goes up. And if you are a small player that makes a few types of chips, you're not going to have the demand to pay back the cost of the fab. Whereas NVIDIA can have many different customers and aggregate all this demand into one place. And then they're the only person that makes enough money building chips to build the next fab.