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The AI-sovereignty debate everyone's talking their book on has a real trade underneath it: if the labs can't hold their rent, the value reverts to the physical layer(s) beneath them.
IMO recent PA has mis-priced many of them badly 🧵
Replying to @kellangrenier
It's a shame everyone is approaching this topic (AI sovereignty) with some egocentric angle. It's otherwise a great debate.
At least Alex Karp is telling us up front that he's talking his book/selling something.
