Neil Movva - Making AI 10x Cheaper - [Invest Like the Best, EP.488]
Invest Like the Best with Patrick O'Shaughnessy
Open vs Closed Models and Market Dynamics
Neil reflects on frontier lab premiums, distillation, and a future of abundant, diverse model harnesses.
My guest today is Neil Movva, founder of Sail. Sail is building what Neil calls a token factory, an inference company designed for a specific kind of future, one where AI agents run in the background for hours or days at a time rather than answering a human in real time.
In that world, latency matters less and cost matters more, and Neil has built the whole company around driving the cost of a token as low as it can possibly go.
What makes this conversation special is that it is one of the most detailed tours I have ever done through the full stack of intelligence, the software, the chips, and the power, and how all three connect.
Along the way we cover the trade-off between speed and cost that lives inside every GPU, his scavenger strategy for buying the chips and power nobody else wants, his contrarian view on Nvidia, and why the premium the frontier labs charge for being three to six months ahead may not last.
Please enjoy my conversation with Neil Movva.
For the full show notes, transcript, and links to mentioned content, check out the episode page here.
-----
Become a Colossus member to get our quarterly print magazine and private audio experience, including exclusive profiles and early access to select episodes. Subscribe at colossus.com/subscribe.
-----
Ramp’s mission is to help companies manage their spend in a way that reduces expenses and frees up time for teams to work on more valuable projects. Go to ramp.com/invest to sign up for free and get a $250 welcome bonus.
-----
Trusted by thousands of businesses, Vanta continuously monitors your security posture and streamlines audits so you can win enterprise deals and build customer trust without the traditional overhead. Invest Like the Best listeners get a special offer of $1,000 off Vanta when you go to vanta.com/invest.
-----
WorkOS is the infrastructure B2B and AI-native companies use to sell to enterprise. It covers everything enterprise security requires: SSO, SCIM, RBAC, Audit Logs, AI governance, and more. Trusted by 2,000+ fast-growing companies, including OpenAI, Anthropic, Cursor, and Vercel.
-----
Rogo is the AI platform for finance. They're building agents for Wall Street that are trained to understand how bankers and investors actually do work: from diligence and modeling, to turning analysis into deliverables. To learn more, visit rogo.ai/invest.
-----
Ridgeline has built a complete, real-time, modern operating system for investment managers. It handles trading, portfolio management, compliance, customer reporting, and much more through an all-in-one real-time cloud platform. Visit ridgeline.ai.
-----
Editing and post-production work for this episode was provided by The Podcast Consultant.
Timestamps:
(00:00:00) Welcome to Invest Like The Best
(00:02:20) Neil Movva
(00:03:22) Building a Token Factory
(00:05:32) The Rise of Long-Running Agents
(00:08:47) Deep Research and Cybersecurity
(00:15:12) The Full Stack of Intelligence
(00:20:03) Throughput Versus Latency
(00:24:58) The Future of AI Chips
(00:33:19) Why Transformers Work
(00:36:43) The Future of Data
(00:44:05) The Market for AI Chips
(00:47:56) Is the AI Boom Different?
(00:51:08) Reinventing the Data Center
(00:56:43) Scavenging Power
(01:01:04) Where Compute Is Most Inefficient
(01:07:02) Open Versus Closed Models
(01:10:37) A Trillion Tokens a Day
(01:12:42) The Contrarian Case on NVIDIA
(01:14:38) Advice for AI Hardware Founders
The AI-powered Podcast Player
