Dylan Patel on the infrastructure powering the AI revolution | The Next Big Thing

Artificial intelligence is transforming industries around the world. But beneath every AI model sits an increasingly complex infrastructure stack powering it all. In this episode of The Next Big Thing, we speak with Dylan Patel, founder of SemiAnalysis, about the technologies underpinning the AI revolution. From GPUs, memory and networking to data centres, energy and power infrastructure, the conversation explores how every layer of the AI stack is evolving to meet unprecedented demand. We discuss the rise of AI agents, why CPUs are becoming increasingly important alongside GPUs, the changing role of memory and networking, and why power generation is emerging as one of the biggest constraints on AI growth. The episode also explores how companies across the semiconductor and infrastructure ecosystem are responding to one of the largest industrial buildouts in decades.