{
  "generatedAt": "2026-10-22T04:12:33Z",
  "disclaimer": "Analysis and opinion, not investment advice.",
  "kind": "person",
  "slug": "dylan-patel",
  "name": "Dylan Patel",
  "role": null,
  "url": "https://deepstack.ltd/people/dylan-patel/",
  "api": "https://deepstack.ltd/api/v1/entities/people/dylan-patel.json",
  "summary": "Dylan Patel is named in 2 Parts of The Buildout, most recently Part 17: The Guarantee Has No Date. Argued in Part 14 (The bill has moved to debt), Part 14 (Voices that cross sides), Part 17 (Voices that cross sides).",
  "parts": [
    {
      "part": 14,
      "headline": "The Cash Arrives Unevenly",
      "url": "https://deepstack.ltd/stories/the-cash-arrives-unevenly/"
    },
    {
      "part": 17,
      "headline": "The Guarantee Has No Date",
      "url": "https://deepstack.ltd/stories/the-guarantee-has-no-date/"
    }
  ],
  "numbers": [],
  "mentions": [],
  "sides": [
    {
      "part": 14,
      "question": null,
      "side": "the-bill-has-moved-to-debt",
      "sideLabel": "The bill has moved to debt",
      "claim": "Hyperscalers including Google, Microsoft, Amazon and Meta funded more than half of compute growth so far but now do not generate cash, spending everything on CapEx and raising debt on top, so for a roughly $3 or $4 trillion 2028 CapEx level the…",
      "date": "2026-08-25",
      "url": null,
      "linkVerified": false,
      "storyUrl": "https://deepstack.ltd/stories/the-cash-arrives-unevenly/",
      "sidesUrl": "https://deepstack.ltd/sides/the-cash-arrives-unevenly/"
    },
    {
      "part": 14,
      "question": null,
      "side": "the-bill-has-moved-to-debt",
      "sideLabel": "The bill has moved to debt",
      "claim": "Headline AI CapEx figures of $40-50 billion cover only critical IT such as servers, networking, fiber, transceivers and optics, not the data center shells or power plants, which must be built ahead of time, so a 100-gigawatt-a-year build is much…",
      "date": "2026-08-25",
      "url": null,
      "linkVerified": false,
      "storyUrl": "https://deepstack.ltd/stories/the-cash-arrives-unevenly/",
      "sidesUrl": "https://deepstack.ltd/sides/the-cash-arrives-unevenly/"
    },
    {
      "part": 14,
      "question": null,
      "side": "crossing",
      "sideLabel": "Voices that cross sides",
      "claim": "Labs have not yet reached the point where their own cash flows can fund the scale of CapEx required, since labs are projected to generate hundreds of billions in revenue next year while total CapEx across the compute supply chain will be well north…",
      "date": "2026-08-25",
      "url": null,
      "linkVerified": false,
      "storyUrl": "https://deepstack.ltd/stories/the-cash-arrives-unevenly/",
      "sidesUrl": "https://deepstack.ltd/sides/the-cash-arrives-unevenly/"
    },
    {
      "part": 14,
      "question": null,
      "side": "crossing",
      "sideLabel": "Voices that cross sides",
      "claim": "His current modeling has $5 trillion of credit-funded and $6 trillion of cash-funded infrastructure investment through 2029, and this is not enough compute relative to projected AI demand growth, so revenue per megawatt has to keep rising.",
      "date": "2026-08-25",
      "url": null,
      "linkVerified": false,
      "storyUrl": "https://deepstack.ltd/stories/the-cash-arrives-unevenly/",
      "sidesUrl": "https://deepstack.ltd/sides/the-cash-arrives-unevenly/"
    },
    {
      "part": 17,
      "question": null,
      "side": "crossing",
      "sideLabel": "Voices that cross sides",
      "claim": "Because all compute has to be financed and most compute is contracted well before it is built, players like Meta, Microsoft, Amazon and SpaceX that can build without first finding a customer control the situation, whereas a smaller cloud must…",
      "date": "2026-08-25",
      "url": null,
      "linkVerified": false,
      "storyUrl": "https://deepstack.ltd/stories/the-guarantee-has-no-date/",
      "sidesUrl": "https://deepstack.ltd/sides/the-guarantee-has-no-date/"
    },
    {
      "part": 17,
      "question": null,
      "side": "crossing",
      "sideLabel": "Voices that cross sides",
      "claim": "He thinks Meta, trading at roughly $1.5 trillion, is silly and worth way more than that in a logical sense, given its cash flows, the infrastructure it is hoarding, and the compute it will be able to sell at high dollar-per-watt rates, either via…",
      "date": "2026-08-25",
      "url": null,
      "linkVerified": false,
      "storyUrl": "https://deepstack.ltd/stories/the-guarantee-has-no-date/",
      "sidesUrl": "https://deepstack.ltd/sides/the-guarantee-has-no-date/"
    }
  ],
  "coverage": null,
  "lastUpdated": "2026-10-22"
}