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i don't think you fully appreciate how quickly ai infrastructure has become a foundational asset class. <6 months ago everyone were screaming circle jerk economy
look at todays news:
- $100B demand to buy into google's $20B debt round (5X oversubscription) (zero equity)
- anthropic + xAI raising $15B to do the same
these are clear signals tradfi is comfortable with the capex risk (why else would they risk that much capital for zero equity)
more compute = higher intelligence = greater revenue
elon realises that and is IPO-ing spacex
sam realises that and is IPO-ing oai
we have not seen the last of this - number going up.