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Published · transcript-backed

Reiner Pope: belief

29 Apr 2026 Dwarkesh Podcast Reiner Pope – The math behind how LLMs are trained and served

“I think if you do it with a spreadsheet and actually model it out, you might notice when the money’s going down the drain.”

— Reiner Pope

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Everything needed to verify it.

Speaker
Reiner Pope
Attribution
Verified speaker
Claim type
belief
Recorded
29 Apr 2026
Publisher
Dwarkesh Podcast

Transcript context

…Billions of dollars worth of compute just flowed in the other direction. Right? I think if you do it with a spreadsheet and actually model it out, you might notice when the money’s going down the drain. All of these end up being close in, as modeled here. This 30% may have been a little bit too generous. So let’s say something like 1.5 here, and leave this as a one here. I think at this point, you can almost read it off. The number of inference tokens should be about the same as the number of pre-training tokens, which should be about the same as the number of RL tokens, within factors that we’re not able to reason about. Sorry for making a basic algebra mistake. It seems like there should be fewer RL tokens than pre-training tokens?…

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