On some level, I still see Sam Altman as a visionary, but the moment that got me rolling my eyes was when we traveled to Middle East, reportedly looking to rais

On some level, I still see Sam Altman as a visionary, but the moment that got me rolling my eyes was when we traveled to Middle East, reportedly looking to raise up to $7 trillion for AI chips. Like, bro, all the sovereign wealth funds of the Arab Gulf hold less than $3 trillion, mostly in illiquid assets that you could take a 50% haircut if you need to liquidate. And after the $100b Vision Fund fiasco where Saudi Arabia was subsidizing "Uber for Dog-walking" startups for years (no thanks to Masayoshi Son), I'm not sure they're going to be keen subsidizing yet another bubble. But, isn't that the default in VC? Aggressive, toxic optimism because it's not your money and you need to promise otherworldly yield to get capital.