OpenAI co-founder and CEO Sam Altman offered a different perspective on the trajectory of interest rates in the context of abundant breakthrough innovations.
What Happened: Altman on X said his view on interest rates had changed lately.
“‘When the capitalists have run out of ideas, the interest rates will go to zero' seemed like a very interesting observation to me over most of the last decade,” he said.
However, with innovation accelerating in this decade, Altman is now interested in the opposite scenario. “But now i am interested in the inverse. When we have more and better ideas than ever before, what will happen to rates?”
Altman presented a scenario to examine interest rate trajectories, asking, “At what rate should you be willing to borrow money to build a data center if extremely powerful AI is close at hand?”
‘when the capitalists have run out of ideas, the interest rates will go to zero' seemed like a very interesting observation to me over most of ...