Ex-OpenAI Exec Shorts NVIDIA to Bet $13.6B on Crypto Miners for AI Boom!
Leopold Aschenbrenner, a former OpenAI researcher, is making a massive, contrarian play that is shaking up both the tech and crypto worlds. He is reportedly shorting AI chip giants NVIDIA ($NVDA ) and AMD ($AMD ), betting instead that the real bottleneck of the AI revolution isn't chips—it's power and infrastructure.
Aschenbrenner’s new $13.6 billion AI investment firm is aggressively backing Bitcoin ($BTC ) mining companies. Why? Because these miners already own what AI tech giants desperately need: massive data centers and gigawatts of secured electricity.
As the race for Artificial General Intelligence (AGI) intensifies, the battleground is shifting from computing power to actual electrical power.
Instead of relying on overvalued hardware manufacturers, Aschenbrenner believes the crypto miners controlling the energy grid will hold all the leverage in the next phase of the AI boom.
Is this the ultimate bridge between AI and Web3, or a massive miscalculation?