Invest Like the Best
Patrick O'Shaughnessy in long talks with working investors and founders
Deep reads here2 / 595 episodes
Cadence~1 every 7.0 days
Latest2026-09-01
TopicsInvesting & Business
PriorityT1
1:18:07Invest Like the Best
0825
Background agents will eat 90% of compute, so inference should trade latency for throughput
The next wave of AI inference is not chat but background agents, and they will eat 90% of compute. Sale Research therefore optimizes for throughput rather than latency, and will even accept 80% availability, in exchange for prices that fall by orders of magnitude — and it argues Nvidia's performance-per-watt advantage is overrated.
8 Points
6 Quotes
AI InferenceGPUs
53:33Invest Like the Best
0728
Intelligence will commoditize like RAM; OpenAI's real moat is compute
Sam Altman takes stock: intelligence itself will commoditize the way RAM did, and the durable advantage is the ability to manufacture cheaper compute. He also walks through ChatGPT's accidental birth, the Hugging Face safety incident, and how the bottleneck keeps moving.
8 Points
7 Quotes
ComputeOpenAI