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Comment by rKarpinski | Hacker News Reader

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rKarpinski·

> OpenAI chief pursues investors including the U.A.E. for a project possibly requiring up to $7 trillion

7 Trillion? The U.A.E's GDP is only 509 Billion [1] ... Something seems off with those fundraising numbers

[1] https://en.wikipedia.org/wiki/Economy_of_the_United_Arab_Emi...

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509 Billion here, 509 Billion there, soon you're talking real startup capital

Saudi Arabia's GDP is only 833 billion, but Saudi Aramco's market cap is 7.43 trillion.

This is just to show that GDP is not necessarily reflective of investment power.

> Saudi Arabia's GDP is only 833 billion, but Saudi Aramco's market cap is 7.43 trillion.

Wrong currency. Saudi Aramco's market cap is around 2T USD.

But in terms of investment power Saudi Arabia's Sovereign Wealth Fund seems more relevant & that is only 776 Billion

I don't think they would be willing to wipe off their entire economy, reserves and history (sort of) in exchange for some fancy chips that will go obsolete in a few years.

I doubt they would be the only investor.

You think multiple nation states will commit their entire GDP?

My mortgage was 3 times my gross household GDP.

Wait, you really think multiple nation states will commit their entire GDP?

A house is an asset which can be liquidated for ~the price of the note (black swan dependent).

Moonshot R&D has a long history of leaving unlucky investors bankrupt.

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