# 20VC: Cerebras CEO on the Future of Data Centres, Token Costs and Memory | We are Not in an Infra Bubble & Dario Got a Bad Deal with Elon for Compute | Should US Companies Sell to China & Why Most Layoffs are AI Washed with Andrew Feldman

Page: https://stenobird.com/podcast/twenty-minute-vc/20vc-cerebras-ceo-on-the-future-of-data-centres-token-costs-and-memory-we-are-not-in-an-infra-bubble-dario-got-a-bad-deal-with-elon-for-compute-should-us-companies-sell-to-china-why-most-layoffs-are-ai-washed-with-andrew
Text version: https://stenobird.com/podcast/twenty-minute-vc/20vc-cerebras-ceo-on-the-future-of-data-centres-token-costs-and-memory-we-are-not-in-an-infra-bubble-dario-got-a-bad-deal-with-elon-for-compute-should-us-companies-sell-to-china-why-most-layoffs-are-ai-washed-with-andrew.md
Podcast: [The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch](https://stenobird.com/podcast/twenty-minute-vc)
Published: 2026-05-26T07:07:00+00:00
Episode link: https://thetwentyminutevc.libsyn.com/20vc-cerebras-ceo-on-the-future-of-data-centres-token-costs-and-memory-we-are-not-in-an-infra-bubble-dario-got-a-bad-deal-with-elon-for-compute-should-us-companies-sell-to-china-why-most-layoffs-are-ai-washed-with-andrew-feldman
Audio file: https://traffic.libsyn.com/secure/thetwentyminutevc/Andrew_Feldman_FINAL__Cerebras_3.mp3?dest-id=240976
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JSON: https://stenobird.com/v1/public/podcasts/twenty-minute-vc/episodes/20vc-cerebras-ceo-on-the-future-of-data-centres-token-costs-and-memory-we-are-not-in-an-infra-bubble-dario-got-a-bad-deal-with-elon-for-compute-should-us-companies-sell-to-china-why-most-layoffs-are-ai-washed-with-andrew
Duration seconds: 3698

## Resource

Andrew Feldman is the co-founder and CEO of Cerebras Systems. This month, Cerebras went public achieving a market cap of $70BN, the largest semiconductor IPO in history. Cerebras has a massive commercial backlog with a monumental, multi-year $20 billion compute agreement from OpenAI. AGENDA: 05:58 - Why we are not in an infrastructure bubble and it is just the start 08:00 - Sam Altman's superpower is his ability to forecast capex spend. 08:58 - Anthropic did not get a good deal with Elon. They got a deal that was available. 10:39 - What is going on with the price of memory and why is it a problem? 16:40 - Are Google best positioned to produce tokens and what challenges do they face? 19:23 - Is Coreweave dramatically undervalued or overvalued? 24:34 - My biggest advice to entrepreneurs scaling their business 30:13 - Why most of the layoffs are AI-washed and 33:41 - What will we spend on tokens for software engineers in five years? 34:48 - Why does the role of HR change so significantly in the world of AI? 35:36 - Why lawyers are the biggest inhibitor of enterprise AI adoption 39:20 - Why Jensen and Nvidia are wrong to sell chips to China 42:49 - What needs to change in the U.S. to build a strategic asset in chips? 51:00 - Should Cerebras invest in companies building on top of their platform; as Nvidia is? 53:28 - Nothing changed when Cerebras IPO'd but I did make 800 millionaires.

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