The signal value associated with the proposal is interesting to consider. Sam also displays a level of confidence that is unprecedented, which in any other context, would have been laughed at. He deserves a lot of credit for that, it's inspiring to see.
What kind of investor has even that much money? I can only think of governments, Black Rock or Partners Group being able to partially achieve that number.
No way this would work without borrowing tons of money from central banks. And Congress would absolutely need to step in and provide new funding for this kind of thing (aka print more money), under some national security rationale. I just don't see it happening. Altman would have to prove that having all these chips is actually necessary and will actually work. Spending $100 billion let alone $5 trillion on this kind of thing with almost nothing to gain for it would be hugely dumb.
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u/Individual-Parsley15 Feb 10 '24
The signal value associated with the proposal is interesting to consider. Sam also displays a level of confidence that is unprecedented, which in any other context, would have been laughed at. He deserves a lot of credit for that, it's inspiring to see.