Michael Dell on AI economics
From Dell Technologies World 2026 Keynote | May 18–21 | Las Vegas · · NVIDIA
“The CPUs of the past were built for hyperscale clouds and so you're renting the CPU cores and so you're optimizing for as many CPU cores as possible. Well agents in this new world you're generating tokens. You're not renting CPU cores anymore. you're generating tokens and marketing that that's the economics of this AI era.”
On , Michael Dell, Chairman & Chief Executive Officer at Dell Technologies, spoke about AI economics during Dell Technologies World 2026 Keynote | May 18–21 | Las Vegas on NVIDIA.
About Michael Dell
Michael Dell, chairman and CEO of Dell Technologies, said during a May 2026 keynote at Dell Technologies World that the company's AI business has moved "from testing and evaluating into production," citing deployments with Eli Lilly and Samsung as examples. He stated that Dell had 5,000 enterprise customers for its AI Factory and expected $50 billion in AI server revenue for the year. In a separate interview, Dell described supply chain constraints, particularly for memory and advanced-node semiconductors, as the biggest bottleneck to AI growth, noting that it takes about four years to build a new fabrication plant. In April 2026, Dell and his wife, Susan, announced a $1 billion commitment to the University of Texas at Austin to support a new medical campus and student housing, with the Dobie Residence Hall renamed Dell House. The previous December, the couple pledged $6.25 billion to seed investment accounts for approximately 25 million American children. Speaking at a TIME100 Impact Dinner in May 2026, Dell said the gap between potential and opportunity is "one of the greatest challenges of our time" and that his philanthropy is guided by the principle to "bring others with you" when doors open.