Episode
Gavin Baker - Nvidia v. Google, Scaling Laws, and the Economics of AI - [Invest Like the Best, EP.451]
- Published
- Dec 9, 2025
- Duration seconds
- 5133
- Processing state
failed
Actions
POST https://stenobird.com/v1/public/podcasts/invest-like-the-best/episodes/gavin-baker-nvidia-v-google-scaling-laws-and-the-economics-of-ai-invest-like-the-best-ep-451/transcription-requests
Idempotently request low-priority transcript generation for this episode.GET https://stenobird.com/podcast/invest-like-the-best/gavin-baker-nvidia-v-google-scaling-laws-and-the-economics-of-ai-invest-like-the-best-ep-451.md
Read the agent-friendly Markdown representation of this episode resource.
Summary
My guest this week is Gavin Baker. Gavin is the managing partner and CIO of Atreides Management, and he has been on the show many times before. I will never forget when I first met Gavin in 2017. I find his interest in markets, his curiosity about the world to be as infectious as any investor that I've ever come across. He's encyclopedic on what is going on in the world of technology today, and I've had the good fortune to host him every year or two on this podcast. Gavin began covering Nvidia as an investor more than two decades ago, giving him a rare perspective on how the company – and the entire semiconductor ecosystem – has evolved. A lot has changed since our last conversation a year ago, making this the perfect time to revisit the topic. In this conversation, we talk about everything that interests Gavin – Nvidia’s GPUs, Google’s TPUs, the changing AI landscape, the math and business models around AI companies and everything in between. We also discussed the idea of data centers in space, which he communicates with his usual passion and logic. In closing, at the end of this conversation, because I've asked him my traditional closing question before, I asked him a different question, which led to a discussion of his entire investing origin story that I had never heard before. Because Gavin is one of the most passionate thinkers and investors that I know, these conversations are always amongst my most favorite. I hope you enjoy this latest in the series of discussions with Gavin Baker. For the full show notes, transcript, and links to mentioned content, check out the episode page here. ----- This episode is brought to you by Ramp. Ramp’s mission is to help companies manage their spend in a way that red…