Real Alpha has cut 2 moments of Ben Horowitz (Co-founder & General Partner, Andreessen Horowitz) talking, from an interview on All-In published Oct 17, 2026.
What Ben Horowitz said
LoudCloud’s bandwidth contracts show infrastructure risk
“In 1999, bandwidth was $1,500 a megabit. And you couldn't get it.”
Ben Horowitz17:10 OpenAI should have reset governance when it went for-profit
“when they went from being a non-profit to a for-profit, they should have done a make right.”
Ben Horowitz1:01:32
Also from this interview
CoreWeave’s main risk is refinancing its fixed-price contracts
“The most important thing that you should always look at is how the sharps, the super smart money, prices risk.”
Chamath Palihapitiya6:01 AI can lower software prices while expanding software demand
“the amount of code that's being created now is orders of magnitude already bigger than it was before Coding Assistant.”
David Sacks33:39 Anthropic should prioritize compute runway over IPO valuation
“If Anthropic is going to go through and survive an eventual correction, I think it's much better for them to have 200 to $250 billion today”
Chamath Palihapitiya56:07 Payback period is the key data-center risk metric
“CoreWeave says that its payback period is 2.5 years. Their typical deal is five years.”
David Sacks40:30 A small model cut Coinbase fraud by about 30%
“In testing, it cut fraudulent transactions by about 30% while being faster and much cheaper than opus 4.5”
David Sacks1:15:15
The episode
All-InCoreWeave Crash, AI Trade Cracks, Anthropic IPO Red Flags, Bill Gates Doomer
Ben Horowitz
5:58of 1:34:06 · Oct 17
