Calacanis predicts Nvidia will pass China’s open models by end of 2027, PodcastAlphaX says

In its September 5 summary of All-In, PodcastAlphaX attributes a bold forecast to Jason Calacanis: Nvidia will catch and pass China’s open models by the end of 2027. The pricing argument, as PodcastAlphaX describes it, is that Nvidia can make its margin on hardware rather than tokens, selling companies full compute racks at 80–90% below their spending on OpenAI and Anthropic tokens. The summary also attributes to Calacanis the view that Nvidia is those companies’ number-one competitor for both tokens and enterprise compute.