Indeed. At least now it's only 3x TSMCs annual revenue.
Jim Kellar is also out to ride the AI bubble, but at least he has a company with product you can buy and a bunch of ASIC engineers with experience (Tenstorrent). $1T in his pocket would produce something, I'm sure. I just don't think you want to king-make to that degree.
The best thing of this is that it completely chips the legs out of Sam Altman in the eyes of government. (hopefully)