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
Counter offer… I also do nothing meaningful, but for only 2 trillion dollars.
Scaling is important. I’ll be glad to join you in this effort.