Ex-OpenAI's Leopold Aschenbrenner bets big on crypto miners for his $13.6 billion AI play

Bearish+32.67%

18 May, 15:07

Source: CoinDesk

AI Summary

Ex-OpenAI's Leopold Aschenbrenner is shorting Nvidia and AMD while positioning a $13.6 billion fund toward bitcoin mining companies that control electricity and data center infrastructure for AI growth.

Aschenbrenner is shorting Nvidia and AMD in favor of bitcoin miners that own the electricity and data centers needed to fuel the next phase of the AI boom.