Fair points, thanks! Def will be ripple effects based on just how big the deals are. Though also -- even if wealthy/institutional investors take the fall for the majority of it, the cost and infrastructure momentum in the data center buildout affects all of us

We spoke to experts who pointed out that chief dealmaker Altman, who has claimed he has no stake in the company, doesn’t have much to lose. “He can commit to as much as he wants... Either he uses it, he renegotiates it, or he walks away.”
www.forbes.com/sites/rashis...

One likely scenario is that the AI company pays for and utilizes only a portion of the compute it has booked said D.A. Davidson analyst Gil Luria. “They don't want OpenAI to go bankrupt, so their incentive is to renegotiate,” he told Forbes.
www.forbes.com/sites/rashis...

No, I am in fact saying that he likely gave away half his net worth, which is unprecedented for political donations. Just clarifying that a couple of others have given even more to philanthropic causes. Sorry for the confusion!

Clarification: biggest % ever **to politics** not overall (notable heavyweights in philanthropic giving as a percentage of net worth are Chuck Feeney, who died in 2023, and George Soros, who have both given away much more than half their wealth to charity)

Had to delete and repost, but thank you for flagging

Yes -- I'm sorry about that! Fixing now

Some of them have been able to sell, yes! Ie Jensen Huang sells most days, the CRWV guys have sold > $1b collectively, then there’s the $6.6b OpenAI tender tho it’s unclear who sold. But the overwhelming majority is tied up in shares of respective public/private cos and would tank if bubble bursts

Link to the article:

Thanks for sharing!