Some people want to ban billionaires. I love billionaires. They’re the last irrational actors left in capitalism. People don’t appreciate how difficult it would be to fund projects in longevity, space, fusion, etc without family offices and HNWs that can take crazy risks and have permission to be illiquid for decades. New venture funds themselves also rely on HNW checks to anchor before they develop a track record and institutions can come in. Venture funds underwrite legible risks, HNWs can invest on faith. I’d be happy if we had more of them, provided they use their wealth to invest. It’s certainly more valuable to society than funneling wealth to a bevy of variously-corrupted charitable foundations.

Elon Musk came up with a pretty incredible idea during the Q3 Earnings Call, that no one is really talking about. His words: “Actually, one of the things I thought, if we've got all these cars that maybe are bored, while they're sort of, if they are bored, we could actually have a giant distributed inference fleet and say, if they're not actively driving, let's just have a giant distributed inference fleet. At some point, if you've got tens of millions of cars in the fleet, or maybe at some point 100 million cars in the fleet, and let's say they had at that point, I don't know, a kilowatt of inference capability, of high-performance inference capability, that's 100 gigawatts of inference distributed with power and cooling taken, with cooling and power conversion taken care of. That seems like a pretty significant asset.” So basically, each car has ~1 kilowatt of high-performance AI inference capability, Tesla wouldn’t need to build giant data centers — the fleet is the data center. Tesla could turn their entire fleet into a giant distributed inference network, spread across the world, powered by the batteries and AI in the car already. Mind blown.

BREAKING: OpenAI has asked the US government to massively expand its energy capacity to stay ahead in artificial intelligence. In a filing to the White House, OpenAI called for 100 gigawatts of new power each year to close the “electron gap” with China. We need more power.