Training costs for foundation models like GPT-5 and Gemini 2/3 are expected to exceed $1 billion just to develop the base model, and largest current data centers use about 200,000 chips; at this trajectory of spending, $500 billion would be consumed relatively quickly.

factualpending

Speaker

Craig Mundie

Evidence Quote

the next iteration of foundation models... look like they're going to cost about a billion Dollar in training cost just to get the base model... it doesn't take very long before you can start using up $500 billion

Source

Eric Schmidt and Craig Mundie with David Rubenstein: GenesisThe 92nd Street Y, New York
Created: 8/11/2026, 5:23:07 AM

My Notes

Loading notes...