a16z Is Stockpiling GPUs While Sequoia Says Wait: What Each Is Betting On

Originally published in Chinese on July 10, 2024. Two well-known investment firms have taken opposite positions on whether to buy AI chips. a16z, whose slogan is "software is eating the world", is stockpiling GPUs. Sequoia has published a report arguing that the shortage has ended and the economics of the spending are in doubt. The facts below are as the original article listed them, and the quoted passages come from the Chinese text the original article used (translated from Chinese). On a16z: It has bought several thousand AI chips and rents them to the startups it invests in. The program is called "Oxygen", and a16z plans to expand its total AI chip holdings to more than 20,000. Luma AI is among the first companies to train models on AI chips a16z owns. Sequoia's report says: