People · Raoul Pal · Artificial Intelligence
What Raoul Pal has said about artificial intelligence
Raoul Pal, co-founder and CEO of Real Vision. 7 statements from October 1, 2026 to October 27, 2026, each quoted word for word from the original and checked before publication. Newest first.
- October 27, 2026 · on X
“The hyperscalers are the biggest cash-generating businesses the world has ever seen. And they’re recycling all of that cash flow into the biggest capex build in history. It’s a self-reinforcing loop. They use the technology they’re building themselves, productivity rises, cash flows rise, capex accelerates. People worry about the borrowing, but these companies carry roughly 3.5% of their market cap in debt. They’re barely in debt at all. This is already the second largest capex event in history. The only bigger…”
Raoul Pal Says Hyperscalers' Capex Build is Second Largest in History →
- October 21, 2026 · on X
“Look at Amazon.. revenue up 53% since 2021 on the same number of people. Thats productivity. Hyperscaler headcount has been basically flat for three years while earnings have gone exponential. I wrote about exactly this a month ago in GMI. The issue is called The New Macro, and in it I address the bubble question TLDR is that we're measuring the wrong things. Intelligence is getting 10x cheaper every year, and the gains are going to margins, not jobs. The issue lays out what that means for growth, demographics,…”
Raoul Pal Explains 'The New Macro' During AI Productivity Surge →
- October 20, 2026 · on X
“Everyone is looking at the roadblocks to AI.. not enough energy, not enough data centres, not enough chips.. and assuming this is all going to be slow. It isnt. All of that compute gets built in 27. By 28, 29 we have electricity at scale, robots at scale, new chips.. at that point the price of everything will collapse. Thats The Economic Singularity.. the point where intelligence and labour get so cheap and abundant that the old rules of the economy stop working. The window before all of this hits is miniscule,…”
Raoul Pal Says AI Will Drive "Economic Singularity" By 2029 →
- October 17, 2026 · on X
“Most agents wont care which chain they're on. @0xvati and I had a great chat about this recently Humans pick chains a bit like football teams.. philosophy, ideology, community. But agents dont give a crap about any of that. As Arpan put it, a rational agent will execute on any chain that is, say, 10 milliseconds faster. Play it forward and the chains end up competing on efficiency for machine users. Chea faster rails make it worth running more agents onchain, and more agents push the rails to get cheaper again.…”
Raoul Pal Says Blockchain Competition Will Focus on Efficiency for AI →
- October 9, 2026 · on X
“Spoke at Sui Basecamp in Singapore about where all of this is going.. Once you have an infinite population of economic actors, all running on compute that keeps getting more efficient, GDP growth goes crazy. The whole GDP formula blows up. By the mid-2030s its not even a measure we care about anymore. Everything collapses into one formula.. intelligence per unit of energy. Markets, blockchain, geopolitics, politics.. all of it is organising around that one thing right now. And its going to happen much faster tha…”
- October 6, 2026 · on X
“The cost of intelligence is collapsing. The cost of energy is collapsing. The cost of a token, the cost of a watt, the amount of intelligence you get out of every unit of energy.. all of it is falling at once. And cheaper is what makes the whole thing go exponential. Jevons paradox.. make something cheaper and the world finds a thousand new uses for it. Every time intelligence gets chea we use more of it, which pays for the next round of getting chea. Wrights Law and Metcalfes Law running into each other. We're…”
Raoul Pal Says Cost of Intelligence, Energy, and Tokens is Collapsing →
- October 1, 2026 · on X
“The next crypto cycle won't be driven by humans. It'll be driven by billions of AI agents transacting 24/7. I sat down with @cryptomanran to explore why this is the first real bull market, and why the convergence of AI and blockchain is the bigger opportunity. As ever, please enjoy!”
Statements are reported from Raoul Pal’s own public posts and appearances, quoted verbatim, checked against the original before publication, and linked to it. Inclusion is editorial and not an endorsement of any view, product, or asset. Full profile: Raoul Pal. The beat: Artificial Intelligence.