“I've never seen something in my adult working life where a handful of companies are effectively competing with governments now for capital. … You've never seen companies, in an organized manner, have one very narrow thing that they need money for that is a one-way bet … that attracts the same amount of money that would otherwise go to a traditional two-, three-, four-, five-year bond auction. It's kind of nutty, actually.”

…This is really dangerous because we're not going to be able to build out the compute we need. And what does that do to the entire industry in the next three to five years if we can't build out this? And how do we turn that narrative around? So people are like, yeah, we should have data centers.

…And I think one of the ways this is going to play out, to Jamaf's point, is in the near term in capital, there's more capital going to the AI organizations and the government. The governments aren't going to want to let that happen. So they're going to try and stop the data centers because then

you're going to hear from both sides is a story of which side benefits the people more and that's going to be the narrative argument which is going to be every side's going to say the other side's lying because remember if one side's lying and another side's not lying yeah the side that's not lying…

are for sale. And Dario and Anthropic should start buying just like the right did. Oh,

they already have. I don't see them with