Inference Will Be $10TRN Market: What No One Sees | Software Investors are F***ed | Naveen Rao
Naveen Rao, Founder and CEO of Unconventional AI and former co-founder of MosaicML and Nervana Systems, discusses why power constraints and the end of physical chip scaling make AI hardware co-design the most critical bottleneck and opportunity in technology. He outlines why the inference market will reach $10 trillion, explains why traditional pure-software SaaS investing is severely threatened, and argues that robotics represents an opportunity 100x larger than coding agents.
- Physical transistor scaling has stalled: Dennard scaling no longer yields automatic energy efficiency gains with each chip shrink. Read →
- Building one gigawatt of new power capacity costs approximately $50 billion, which exceeds the $20 billion to $30 billion price tag of an advanced semiconductor fab. Read →
- Pre-training hits a hard wall because humanity cannot gather enough clean data to cover every specialized job in the real world. Read →
- Naveen Rao projects the AI inference market will reach $10 trillion within a decade as dropping token costs trigger Jevons Paradox across the global economy. Read →
- Naveen Rao warns that venture capitalists backing pure software SaaS face vanishing margins as value flows directly to underlying model providers. Read →