# Is there still a GPU shortage?

Markdown copy of https://realalpha.app/q/is-there-a-gpu-shortage/ on Real Alpha, the best minutes from long interviews with the people building AI. Cite and link the page, not this copy.

[All questions](https://realalpha.app/q/)

Question

Of the 7 moments we cut that answer this, 5 say compute is still short, one says the shortage is easing and one says a glut is coming. Sundar Pichai said on Big Technology Podcast (Oct 20, 2026) that frontier AI compute remains a priority, and present shortages reflect data-center decisions made years earlier. Chamath Palihapitiya said on Moonshots (Oct 21, 2026) that power, rather than chips, is the main constraint on expanding AI capacity.

## Where they stand

- Still short 5
  - Sundar Pichai ×2
  - Jake Cooper
  - Jordan Nanos
  - Matt Garman
- Easing 1
  - Chamath Palihapitiya
- A glut ahead 1
  - Satya Nadella

## Still short 5

1. Big Technology Podcast · Oct 20, 2026 · 4 min
   **[Google puts frontier AI compute ahead of other uses](https://realalpha.app/s/google-puts-frontier-ai-compute-ahead-of-other-uses/)**
   > “the first principles we operate on is to making sure we have enough compute to invest in the frontier.”
   [Sundar Pichai](https://realalpha.app/builders/sundar-pichai/) CEO, Google [17:09](https://realalpha.app/v/F3ItSTZNtT0/?t=1029)
2. Big Technology Podcast · Oct 20, 2026 · 3 min
   **[Argon usage reached 25 trillion tokens in 72 hours](https://realalpha.app/s/argon-usage-reached-25-trillion-tokens-in-72-hours/)**
   > “in the first 72 hours since we launched, it's almost up to 25 trillion tokens used”
   [Sundar Pichai](https://realalpha.app/builders/sundar-pichai/) CEO, Google [2:37](https://realalpha.app/v/F3ItSTZNtT0/?t=157)
3. Knuckle Up with Nakul · Oct 13, 2026 · 5 min
   **[Agent growth could make compute the next infrastructure bottleneck](https://realalpha.app/s/agent-growth-could-make-compute-the-next-infrastructure/)**
   > “I still think that we are undervaluing just how much that inference is going to come online, how fast these new models are”
   [Jake Cooper](https://realalpha.app/people/jake-cooper/) Founder & CEO, Railway [56:11](https://realalpha.app/v/LQNqM1mA2e8/?t=3371)
4. Big Technology Podcast · Oct 9, 2026 · 4 min
   **[Neocloud contracts differ from hyperscalers’ self-build plans](https://realalpha.app/s/neocloud-contracts-differ-from-hyperscalers-self-build-plans/)**
   > “Generally speaking, they're signing five-year, six-year term links, and they're off taking the full capacity.”
   [Jordan Nanos](https://realalpha.app/people/jordan-nanos/) Member of Technical Staff, SemiAnalysis [21:06](https://realalpha.app/v/LwMtHI7BHWI/?t=1266)
5. a16z Podcast · Oct 8, 2026 · 4 min
   **[AWS reserves GPU capacity to support startups](https://realalpha.app/s/aws-reserves-gpu-capacity-to-support-startups/)**
   > “We choose not to do that because we actually want to keep growing the full ecosystem.”
   [Matt Garman](https://realalpha.app/builders/matt-garman/) CEO, AWS [18:50](https://realalpha.app/v/rn_afJaPldg/?t=1130)

## Easing 1

1. Moonshots · Oct 21, 2026 · 8 min
   **[Power shortages will constrain AI more than chips](https://realalpha.app/s/power-shortages-will-constrain-ai-more-than-chips/)**
   > “by 2050, we're still 1.4 terawatt hours short, which is effectively six California's worth of electricity.”
   [Chamath Palihapitiya](https://realalpha.app/people/chamath-palihapitiya/) Founder & CEO, Social Capital [41:16](https://realalpha.app/v/kAwG9E1W_ME/?t=2476)

## A glut ahead 1

1. BG2 · Oct 31, 2025 · 6 min
   **[Compute demand depends on price, and a glut will come](https://realalpha.app/s/compute-demand-depends-on-price-and-a-glut-will-come/)**
   > “It's not a supply issue of chips. It's actually the fact that I don't have warm shells to plug into.”
   [Satya Nadella](https://realalpha.app/builders/satya-nadella/) Chairman & CEO, Microsoft [18:36](https://realalpha.app/v/Gnl833wXRz0/?t=1116)

Each moment is a few minutes of a long interview, cut by Real Alpha and filed under how it answers by a model that read its claim and quote. Open a moment for its full transcript. Last moment added Oct 23, 2026.