Masaponzi Meme Top?
Pens vs Pencils
On Wednesday, Softbank’s Masaponzi Son, announced a $500bn JV with OpenAI to invest in AI Infrastructure in the US, aptly called Stargate, since it’s Science Fiction like most of Son’s projects.
Elon Musk then tweeted out that “they don’t actually have the money”, shattering the dreams of the Stargate cheerleaders.
But then Microsoft’s Satya came out to revive the dream: “All I know, I’m good for my $80 billion”!
Seriously, watch the guy say it on video here. Here’s my translation of it: “Bruh, $80bn is nothing. It’s like 1 Doge-coin and 1 Trump-Coin combined. I got you covered”. Money has no meaning for the tech bros anymore!
However, once the Tech Crowd had their fun, the Real Whale showed up: MBS proposed a $600bn investment in the US. Not $500bn like Masaponzi Son. $600bn!!! That’s $100bn more! And he probably would've pledged even more, had Softbank not incinerated Saudi’s capital in the Vision Fund. OIL MONEY WINS AGAIN!
But another important development quietly took place, that makes the $500bn Stargate project feel like a Meme Top …