David Sacks noted that construction workers in Pennsylvania have seen 25 to 30 percent wage increases tied to the data center and energy construction boom.
Snapshot · All-In with Chamath, Jason, Sacks & Friedberg
David Sacks noted that construction workers in Pennsylvania have seen 25 to 30 percent wage increases tied to the data center and energy construction boom.
Where this was said
At 36:35 · chapter starts 28:11
McCormick details the $92B energy and AI investment wave transforming Pennsylvania, including Homer City's 4.4GW conversion. Welders earn $100K+. Fetterman warns the US is only 6–8 months ahead of China in AI, making a data center moratorium a China-first policy.
$92 billion of investment committed at McCormick's summit. Welders and electricians earning over $100K a year. Data centers generating 2 logistics jobs for every direct job. Pennsylvania is experiencing a genuine blue-collar construction boom, and the trades are all-in.
At McCormick's Energy Innovation Summit in Pennsylvania last July, $92 billion of investment was committed by energy and AI companies.
A Homer City, Pennsylvania coal plant is being converted to natural gas, producing 4.4 gigawatts — 3.4 GW for a data center complex, 1 GW back to the grid.
Opposition to data centers isn't just NIMBYism — McCormick says it's largely being driven by China and outside forces funding misinformation campaigns. The playbook mirrors the anti-fracking campaign from 15 years ago. Then it took 15 years to get to 80% public support. The US doesn't have 15 years in the AI race.
McCormick said Pennsylvania has the fourth-largest natural gas reserves in the world — if it were a country, it would rank number four globally.
McCormick estimated that despite initial fierce opposition, approximately 80% of Pennsylvanians now support fracking, 15 years after the battles over shale development.
The US is only 6 to 8 months ahead of China in the AI race. A Democratic push for a data center moratorium would hand that lead to Beijing. Fetterman calls it a 'China first' policy and says the choice is binary: America builds the AI chassis, or China does.
Despite strong download numbers, PropGPT could not push past $1,000–$2,000 MRR due to poor product retention.
After their rebuilt app launched, Eyal and Yali hit $30,000 MRR in just 10 weeks.
PropGPT achieves a 48% conversion rate from app download to free trial sign-up.
For every user who downloads PropGPT, Eyal and Yali generate approximately $3.30 in revenue.
Before the rebuild, PropGPT had a 45% download-to-trial rate but only 13% trial-to-paid conversion, revealing a product quality problem.
PropGPT peaked at $40,000 MRR and 2,000 downloads in a single day during the NBA playoffs campaign.
A single viral influencer video with 600,000 views drove PropGPT's ARR from approximately $8K to $38K in about 3 days.
PropGPT runs at roughly 50% profit margins after accounting for marketing, data APIs, hosting, and tooling costs.
PropGPT spends approximately $10,000 per month on influencer marketing.
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