Last month, OpenAI committed to an extra $300 billion of revenue for Oracle — and just 12 days later, Nvidia announced a $100 billion data center investment to support OpenAI’s expansion. The scale is staggering… and a little baffling.

In this Spotlight Series episode, Andy, Lachie, and Amit take you inside their internal discussions from New York as they unpack the numbers behind this trillion-dollar AI arms race.

Together, they explore:

• How OpenAI, Oracle, and Nvidia are driving unprecedented AI infrastructure investment

• Whether the economics can possibly justify the spending

• Parallels with the dot-com and telecom overbuilds

• The big question: Who’s the paying customer?

🎧 A candid, data-driven conversation on hype, hope, and hard numbers in the AI revolution.

⏱️ Suggested Timestamps

• 00:00–01:00 | Setting the scene — the $400B+ AI buildout

• 01:00–03:00 | Are these investments economically rational?

• 03:00–06:00 | What history tells us: echoes of dot-com and telecom bubbles

• 06:00–09:00 | Power, CapEx, and the cost of keeping AI lights on

• 09:00–12:00 | Paying customers vs free users — who funds the AI dream?

• 12:00–14:00 | Microsoft, Oracle, and the strange logic of market reactions

  
  

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