All-In with Chamath, Jason, Sacks & Friedberg

Four CEOs on the Future of AI: CoreWeave, Perplexity, Mistral, and IREN

March 23, 2026

AI Summary

5 min read

At NVIDIA's GTC conference, Jason Calacanis interviews four AI CEOs—Michael Intrator of CoreWeave, Aravind Srinivas of Perplexity, Arthur Mensch of Mistral AI, and Daniel Roberts of IREN—on scaling compute, building agentic products, specializing models, and deploying infrastructure amid relentless AI demand.

CoreWeave's Risk-Managed Compute Scaling

CoreWeave originated from GPU-based Ethereum mining in 2017, leveraging hedge fund risk management to survive crypto winters. It pivoted to CGI rendering, batch computing for medical research, and AI training after donating A100s to the open-source Luther AI project, gaining expertise in large-scale parallelized compute. The company positions itself above NVIDIA GPUs and below models, delivering a purpose-built cloud for one use case: massive clusters enabled by scaling laws that decommoditize compute at hyperscaler sizes.

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What you'll learn

1 (00:37) **CoreWeave Origins** - Michael Intrator recounts shift from crypto mining to GPU cloud via hedge fund background
2 (05:08) **Scaling Laws & Hyperscaler Pivot** - Early recognition of compute decommoditization drives focus on massive clusters
3 (08:35) **Inference Boom & GPU Lifespan** - Inference monetizes AI; GPUs last 5-6+ years despite rapid cycles
4 (15:54) **GPU Allocation & Competition** - Demand relentless; NVIDIA allocates by order, no favorites
5 (18:20) **Financing Innovation: The Box Model** - GPU-backed loans via "box" SPVs secure $35B in 18 months
6 (23:43) **Demand Constraints & Risk Management** - Relentless AI demand; long contracts protect via strong counterparties
7 (33:00) **Perplexity Product Evolution** - Aravind Srinivas demos journey from search to Comet browser/Computer agent

+ Full timestamped outline available in the app

Show Notes

(0:00) Intro live from Nvidia GTC

(0:37) CoreWeave CEO, Michael Intrator

(32:58) Perplexity CEO, Aravind Srinivas

(1:07:11) Mistral CEO, Arthur Mensch

(1:18:57) IREN CEO, Daniel Roberts

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