Shortly before publishing this newsletter, I spoke with Gil Luria, Managing Director and Analyst at D.A. Davidson, and asked him whether the capital was there to build the 17 Gigawatts of capacity that OpenAI has promised.
He said the following:
No of course there isn't enough capital for all
“Guys, OK so hear me out. All I need is 5% of global GDP. That’s it! And thats down from our original estimate of 46% earlier today.”