Topic

Debt And Interest Rates

Artwork for Dylan Patel – Anthropic & OpenAI will have most of the world’s compute by 2028
Dwarkesh Podcast

Dylan Patel – Anthropic & OpenAI will have most of the world’s compute by 2028

Dylan Patel argues frontier AI labs are on track to absorb an outsized share of global compute, with OpenAI and Anthropic potentially controlling most usable FLOPs by 2028. The episode also explores how AI capex, supply-chain bottlenecks, and debt issuance could reshape interest rates, valuations, and macro stability.