Feldman contends that the AI infrastructure buildout is behind demand, not ahead of it, citing backlogs at major chip companies. He highlights memory shortages, particularly HBM, as a key cost driver, and notes that Cerebras benefits from using SRAM. He analyzes Google's full-stack ownership and questions Coreweave's valuation. Feldman argues that most layoffs are AI-washed, stemming from COVID-era over-hiring, and predicts AI will boost productivity and create new roles. He identifies lawyers as the biggest barrier to enterprise AI adoption due to their risk aversion. On geopolitics, he argues against selling leading-edge chips to China and emphasizes the need for onshoring chip manufacturing. Finally, he reflects on the personal challenges of being a public company CEO and the pride of creating 800 millionaires at Cerebras.