Thomas Sohmers is the Co-founder, CTO & Chairman of Positron AI, building chips to make running AI dramatically cheaper and more energy-efficient. The company recently announced an $875 million Series C at a $5 billion valuation, backed by investors including Gavin Baker's Atreides Management, NEA, Valor Equity Partners and Netscape co-founder Jim Clark. ----------------------------------------------- Timestamps: 00:00 Intro 01:03 - What Positron Is Building for AI Inference 01:46 - Why Inference Infrastructure Is Totally Different From Training 04:18 - The Memory Wall: AI’s Next Infrastructure Bottleneck 08:38 - The Hidden Economics Behind AI Tokens 10:32 - Why Anthropic Could Already Be an 80% Gross Margin Business 12:12 - Should Frontier AI Labs Actually Slow Down? 13:59 - Why AI Regulation Could Create a New Class of Technology Monopolies 17:07 - What Happens if the US Paces AI and China Does Not? 22:44 - Is Anti-Data Center Sentiment Becoming a Strategic Risk? 28:24 - How Much o...