Dylan PatelFounder and Chief Analyst, SemiAnalysis · The semiconductor-AI stack

What four weeks of SemiAnalysis consulting can do to a company

5 Oct 2026 · 1 min

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In this brief consulting‑style dialogue, Speaker A and Speaker B discuss the practical limits that a nascent "neo‑cloud" faces. They note that without strong service‑level agreements (SLAs) the venture will struggle to secure funding. An investor’s demand for 100 megawatts of compute capacity within six months is highlighted as unrealistic, because building a cluster of that size that quickly is infeasible. The conversation then pivots to a strategic question: estimating the total token supply in the world based on the existing chip install base. Speaker A proposes turning the answers to these constraints into a usable product, implying a data‑driven consulting deliverable.

Let's talk about what you can't say publicly, Avilash.
No, no, no. There are a lot of things that I can't say publicly, but I can't say them. The first thing is, as a neo-cloud without strong SLAs, you won't be funded. They wanted 100 megawatts in literally in the next 6 months, and there was no way they were able to— they would have been able to build a cluster that fast. What's the total token supply in the world, assuming the chip install base?
Let's go get answers that becomes A useful product.