Summary
The All-In Podcast hosts an extended conversation with Andrew Feldman, CEO and founder of Cerebras Systems, covering the unprecedented scale of AI infrastructure buildout happening globally in 2026. Feldman describes Cerebras’s $25 billion order backlog and explains how demand from OpenAI, Anthropic, Google, Microsoft, and AWS is dramatically outstripping the industry’s capacity to build data centers — a situation he characterizes as chasing “yesterday’s demand” rather than speculative future growth.
The discussion covers the physical enormity of next-generation data centers: individual buildings the size of football fields drawing more power than mid-size cities, being erected across the US, Canada, the Nordics, France, the Middle East, and countries like Kazakhstan, Tajikstan, Armenia, and Georgia. Feldman and the hosts debate whether “token maxing” — the massive scaling of inference compute — is generating real economic value or largely experimental spend, with Feldman drawing parallels to early AWS adoption where both useful and wasteful usage coexisted but net value was enormous.
The conversation also addresses AI security risks (including the near-certainty of a major future data breach), the role of reasoning models in surfacing unconsidered questions, and the broader race toward superintelligence. The episode also features a segment with the CEO of Black Forest Labs. Throughout, Feldman provides candid first-party market intelligence on infrastructure demand, competitive positioning, and the pace of global AI buildout.
📺 Source: All-In Podcast · Published July 10, 2026
🏷️ Format: Interview
