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
I understand the potential of ASI if someone actually manages to build it, I’m just highly skeptical that the current technology we have for doing AI can even scale to proper AGI, let alone ASI. I’m more concerned that these tech companies will waste a ton of resources trying to build it out of a tech that doesn’t have what it takes to get there through just throwing more energy and data at it.