# Chips are the new oil

- **Speaker:** Greg Osuri
- **Attribution:** attributed
- **Said:** 2023-09-25
- **Theme:** GPU Economics — https://www.gregosuri.com/predictions/gpu-economics/
- **Source:** Greg Osuri, Founder and CEO of Akash Network (Proof of Coverage)
- **Watch at:** 00:29:03 — https://podcasts.apple.com/us/podcast/greg-osuri-founder-and-ceo-of-akash-network/id1645459705?i=1000629088449
- **Canonical:** https://www.gregosuri.com/predictions/gpu-economics/2023-09-25-chips-are-the-new-oil-adn4/
- **Cite as:** Greg Osuri, "Chips are the new oil," Greg Osuri, Founder and CEO of Akash Network (Proof of Coverage), 25 Sept 2023, 00:29:03. https://podcasts.apple.com/us/podcast/greg-osuri-founder-and-ceo-of-akash-network/id1645459705?i=1000629088449

## Quote — verbatim

> Ultimately, every AI needs chips, right? Ultimately, without chips, AI cannot evolve. Chips are the new oil, right? Whoever has the chips has essentially the control of the world, right? So access to these chips to be decentralized is extremely critical. And that's what Akash is working on.

## Context — site annotation, not spoken

The capstone of his crypto-and-AI section; he warns of a "feudalistic world where people that control the chips will eventually have AGI and they'll control the world" ([00:29:49]).