The MAD Podcast with Matt Turck

Bryan Catanzaro, who leads NVIDIA's NeMoTron frontier AI models, discusses how open-source AI is accelerating through community collaboration, explains the technical innovations in NeMoTron 3 (hybrid SSM-transformer architecture, mixture of experts, multi-token prediction), and argues that open technologies are safer and more aligned with how effective organizations actually work.

Matthew Prince, CEO of Cloudflare, discusses how bot traffic has surpassed human traffic on the internet as of mid-2026, driven by AI agents and LLMs. He explores how this fundamental shift is forcing a reimagining of internet infrastructure, business models, and organizational structures, with Cloudflare positioned at the center of these changes through products like Workers, AI Gateway, and edge computing solutions.

The podcast discusses how GPU depreciation costs are the largest component of cloud computing expenses, and that GPU utilization directly impacts per-hour costs. Cloud companies gain competitive advantage by building beloved products that drive high GPU utilization rates.

The transcript explains the energy-to-computation pipeline for AI systems, tracing how raw energy sources (photons or natural gas) are converted through power plants into electrical power, then processed by servers into floating-point operations, and finally transformed into AI tokens per second.