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> Project Stargate is financial fiction masquerading as infrastructure. The pitch: $500 billion total, $100 billion right now, trust us on the rest. OpenAI thre
by stogot 1y ago
> Project Stargate is financial fiction masquerading as infrastructure. The pitch: $500 billion total, $100 billion right now, trust us on the rest. OpenAI threw in $19 billion of Monopoly money for 40% ownership, which is like buying Manhattan with Pokémon cards.
I’m going to use this analogy somewhere
The math is modern art. OpenAI gets exclusive access[1] to $100 billion worth of data centers for $19 billion in private stock that's worth precisely nothing until an IPO that may never come.
This is incredible if true