Gavin Baker argues that AI compute demand is real, not a bubble

Silicon Valley investor Gavin Baker put forward a judgment, arguing that current AI compute demand is real and different from the 2000 dark fiber bubble. In an interview on October 19, 2026, he pointed out that at the peak of the 2000 bubble, 97% of dark fiber in the United States was idle, whereas today not a single idle top-tier GPU can be found in data centers worldwide, and all chips are running at high load. He believes the telecom collapse back then stemmed from capacity far exceeding software demand, whereas today the bottleneck of compute centers is heat dissipation and power supply, not idling. Related reports also mention that the call volume of its internal automation scripts and knowledge base doubles every month. Currently this judgment is reported by a single source, with no subsequent factual developments yet.

AI-generated from public reports

1. Oct 19· 1 reports

   Gavin Baker argues AI compute demand is real, not a bubble

   Source:Ayi AI Notes