Why Elon’s $25B Chip Fab TeraFab Is 'Not Real' and AI Layoffs Are an Excuse
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Show Notes
Elon Musk announced TeraFab, a $25 billion joint chip fabrication venture between Tesla, SpaceX, and xAI targeting two-nanometer process technology. Ram Ahluwalia calls the entire thing bullshit. TSM has invested hundreds of billions to build chip fabs. Tesla generates $3-6 billion in free cash flow. The math doesn’t work without massive dilution. Jensen Huang himself has said data centers in space don’t make sense. Meanwhile Chris Perkins argues that AI layoffs across crypto and tech are a “beautiful excuse” for companies that need to restructure. Ram counters that net engineers are actually being hired, and the companies cutting the most are spending the most on Nvidia GPUs. This clip is from a longer conversation on Iran, the Fed, and AI. Full episode here: https://www.youtube.com/live/8Pr-oa4N0Bo?si=WWmYw2LcxkOS9DAV Follow @bitsandbips