Eric Schmidt says AI’s real limit is cash, not energy

In remarks quoted in a post, former Google CEO Eric Schmidt argues that financing, rather than energy, is AI’s real limit. Using round numbers, he puts the cost at $50 billion per gigawatt, or $500 billion for 10 gigawatts. He says very few companies or countries can supply a trillion dollars in capital, while arguing that U.S. capital markets make borrowing that amount possible.