Danielle Fong Says Frontier AI Labs Beat Private Equity on Capex

Danielle Fong posted on X that frontier AI labs are probably an insanely better business than private equity in terms of return on capex, at least for a while. She noted it is hard to avoid that they will be the driving force and internal demand as well. Fong referenced a suggestion by Dylan Patel on his recent podcast with Dwarkesh Patel. The founder described the labs as powerful based on this discussion.