AI Infrastructure Demand Is Becoming Revenue, Contracts, and Market Stress
Gavin Baker joined the All-In panel to argue that AI’s economics are becoming tangible: Anthropic’s reported profitability, surging LLM revenue, Nvidia’s results, and SpaceX’s compute contracts all point to infrastructure demand that is no longer speculative. The group framed SpaceX’s potential $2 trillion valuation as a bet on Starlink, launch, and AI compute rather than current earnings, while Baker defended Nvidia against share-loss and GPU-useful-life bear cases. The counterweight was political and macro risk: public backlash to AI, labor displacement, regulation, higher inflation, rising yields, and U.S.-China tension.
All-In Podcast·May 22, 2026·24 min read
