Yeah.

So I think that's right.

And let's, so let's back up.

Let's talk about sort of, I'm going to go into industry lore here, but the industry lore is really helpful.

So there was about a year ago, this scenario published called AI 2027.

And like an unfortunate amount of stuff these days, AI 2027 was like a Substack post that written by a open AI whistleblower.

I don't really think he's a whistleblower.

They just aren't.

What do you find?

So this was, you know, part of the UK government strategy.

UK government and looking towards Scotland, they think that what we need is to stay ahead in the AI race.

And we're going to do this by picking outlying zones and making massive data centers that will give communities that don't have jobs, a lot of jobs.

And one of the sites they picked to do this was in Lanarkshire.

And we found basically that this was not a technically feasible project, that the site could not deliver the electricity it said it was going to deliver as renewable power, that instead, even though it said it would be powered by a gigawatt of energy, 500 to a gigawatt, which is the size of a small nuclear reactor, right? It is bigger than any data center hub currently existing, you know, at least as far as we know, in the UK and in Europe.

So they were going to build it.

Is that what you think is missing here?

This is The Guardian.

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Oh, I had a question, and our host replied super quick.

Premier move.

Wish I had a premier group chat.

They won't even write me back.

But where, where's it all coming from? Is it, is it loans? Is it donors? Is it his own coins?

It's actually, and this is, this is I think a key thing for not just his crypto, but for his other merchandise.

What's your take and why it's come now?

So I think it's important to say that neither actor here is entirely as they appear.

So on the one hand, you have the Trump administration.

They aren't historically... very, very pro-AI safety.

They tend to be sort of more AI accelerationists, although there's nuance here.

And so I don't think you can read this directive simply on its surface, especially if you remember kind of the year ago, the dust-up that Trump had with NVIDIA, which, you know, began with Trump restricting, you know, access or restricting NVIDIA's ability to export a certain chip, the H20, over, again, national security concerns.

And then walking back on that and cutting a deal that was really actually good for him in a way that weirdly gave the U.S. a cut of NVIDIA's exports.

So says Claude Aicher.

[laughs]

And ChatGPT was like, "If Maduro was not ki- what are you talking, this did not happen.

This is fake news." And of course it, it wasn't fake news, but GPT was trained on whatever, you know, the internet from 2024, so of course it thought this wasn't probable.

And then as that event breaks, and you can see this also, you know, in stabbings at Corpus Christi and tragedies in the UK and the US, it will at firstI mean, and I think because of model safeguards, because it's, there are safeguards there that try to prevent it from spewing disinformation, it will at first say, "Oh, that didn't happen," or, and then it'll, it'll start, because the information that's there, at least at the Turing Institute, what they've found is social media will come out more.

It will cite that when it doesn't have that sort of more reliable source available to it.

Yeah.

I mean, he just called, like, Obama's land.

He, he became sort of a spirit animal for this class of like very, very, uh, math-oriented, very statistics-oriented, uh, pundits, people who wanted to, um, think about politics, but in a, in a mathy way.

right.

They're taking out loans against GPUs.

And it's not, there's actually, we've talked to analysts, there's a large market for GPU-backed debt out there.

But Nscale, which again is going to build this supercomputer, has taken out loans against its GPUs.

So if the chips are leveraged and the loan can't be paid back...

Then what happens to the chips? Well, presumably they get taken by a financial institution and sold on the secondary market.

But that's where we get into what are they going to be worth? The same companies that we've looked at are now on the line for future projects of kind of even more indeterminate status.

Why is this so important? What do you say to that?

I wonder if you can talk about the fact that this ultimately is a big reflection of humans on the Internet.

I think that is how to see it.

And so what I've sort of noticed reporting on Malt Book is that the debate has taken on a kind of familiar format that now happens whenever, like, AI does something wild, which is half the Internet or more will say, oh, my gosh.

AGI is coming.

The AIs are conscious.

It's a kind of capsule of that, if you want.

That's happened when, like, Anthropic has demonstrated that Claude can be made to sort of plot or scheme or try to prevent its own shutdown.

I mean, what do you think this says about our attitude to AI right now, that we're taken with this thing and then the next week we're like, oh, what was that? I