Cade Metz

It's shorthand for a machine that can do all of the economically valuable work that people like you and I do on a daily basis.

They want to essentially replace all human workers.

They want to give the world a technology that can do any job.

That, in theory, is worth all this spending.

But it's worth saying that we don't know how to get to such a goal.

That is a lofty thing to reach for.

But so many Silicon Valley executives remain undeterred.

Jensen Wang, the CEO of NVIDIA.

They are all making the case that this spending makes sense.

The poster child of this attitude is Sam Altman, CEO of OpenAI.

He has told the rest of the world to bet against his company at their own risk, and he continues to flaunt the company's spending.

He and the rest of the industry are all in.

Do you know about the concept of FOMO, fear of missing out?

That's a lot of what is driving this.

Do I ever.

No one wants to miss out on what could be the most transformative technology the world has ever seen.

And if you don't want to miss out on that, you have to make your bet now.

These data centers...

Not only are they expensive, they take a long time to build.

And so almost by definition, you have to make a bet on something that's years down the road.