Evidence receipt / evaluation
Published · transcript-backedDwarkesh Patel: evaluation
4 Jun 2026 Dwarkesh Podcast Alex Imas and Phil Trammell – What remains scarce after AGI?
“The famous fact here is that an H100 costs more to rent now than it did three years ago, even though we have much superior technology and much more compute in the world. Because as models get smarter, the opportunity cost of compute gets higher.”
Source trail
Everything needed to verify it.
- Speaker
- Dwarkesh Patel
- Attribution
- Verified speaker
- Claim type
- evaluation
- Recorded
- 4 Jun 2026
- Publisher
- Dwarkesh Podcast
Transcript context
…I like the pessimistic framing of Moore’s law: every 18 months, the value of computation halves. We’re running out of uses for computation so fast that it’s sustaining Moore’s law. This is relevant to a conversation about AI where maybe for the first time, this is no longer true. The famous fact here is that an H100 costs more to rent now than it did three years ago, even though we have much superior technology and much more compute in the world. Because as models get smarter, the opportunity cost of compute gets higher. This is Phil’s point about increasing variety. What we have done is increased the types of things that people demand from capital. Now all of a sudden you have a new variety that you could be using capital for, and you jump back up.…
Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.