Continuations

For a long time revenue per employee was a good approximation for the profitability of a company. For instance, in the US for a SaaS company to be profitable generally meant it had revenues of at least $200K/employee. Wages were the bulk of a software company’s operating expenses. As we are entering the age of AI the biggest factor will be electricity. Data center capital expenditures are massive right now, but eventually the infrastructure will be deployed. Operating cost in the future will ...

Slide Deck Transcript: [...] I'm going to talk now about energy and progress. You heard a lot of conversation about energy and things like, you know, people worrying about the electricity bill. I'm going to try and zoom out massively from the worry about this month's electricity price to the question of how energy and human progress are related. This is a very, very important chart. On this chart, you have lots of countries. On the horizontal axis, you have GDP per capita, which is some appro...