P(doom) = 50%. It either happens, or it doesn’t.
Lao Mein | Statistics is Hard. | Patreon
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The announcement of Stargate caused a significant increase in the stock price of GE-Vernona, albeit at a delay. This is exactly what we would expect to see if the markets expect a significant buildout of US natural gas electrical capacity, which is needed for a large datacenter expansion. I once again regret not buying GE-Vernona calls (the year is 2026. OpenAI announces AGI. GE Vernova is at 20,000. I once again regret not buying calls).
This goes against my initial take that Stargate was a desperate attempt by Altman to not get gutted by Musk—he offers a grandiose economic project to Trump to prove his value, mostly to buy time for the for-profit conversion of OpenAI to go through. The markets seem to think it’s real-ish.