Jason Lemkin

It has no choice.

But $100 billion is a lot for NVIDIA, and it doesn't want everything to be circular.

So I think it's just a dance.

But if OpenAI were to stumble, and NVIDIA has enough, like the stumble can't be existential, right?

I mean, Microsoft bailed them out for years.

But if NVIDIA can afford it, it has to.

It has to bail them out.

Anthropic and others have already diversified away.

Anthropic signed a deal for a million TPUs, right?

And is deep on the whole Amazon Tranium ecosystem.

So that situation ain't getting any better, right?

And you've got to.

You've got to find the right way to do it without it being too circular.

But they're too big to fail.

OpenAI is too big to fail, I think.

I'm not being obnoxious, because I think- Or even just to maintain the level of growth required to hit its goals, right?

I still wouldn't be shocked if the government guarantees data centers.

I still wouldn't be shocked if that wasn't an off-the-cuff comment by Sarah Fry or whoever it was.

I wouldn't be shocked if in the next 24 months, there are essentially government backstops for some of this spend.

I wouldn't be shocked.