Starting soon, an investment grade company will be able to deploy hundreds of millions of dollars very quickly, to do things that in theory, a startup could do. I would like to live in the world in which those 2 people get "unlimited AI tokens" to pursue their own thing. Instead, I think we're heading to a world where that startup will need to pay a large prepayment, which they will not be able to raise from investors. The way to fix this is by unlocking lending against collateral, rather than lending against credit quality of the offtakers. We must make this work like cars or houses, where a wide variety of folks can get a loan, rather than like semiconductors, where starting a new fab is a geopolitically difficult feat to accomplish.