All-In with Chamath, Jason, Sacks & Friedberg · Thursday, September 17, 2026
Brad Gerstner recalls questioning Sam Altman on a previous podcast about committing to a trillion dollars in CapEx with only $13 billion in GAAP revenue. Altman's response was to advise Gerstner to sell his shares, a statement Gerstner initially found confusing but later understood in the context of rapid revenue growth.
“How can you commit to a trillion dollars in CapEx when you have 13 billion dollars of gap revenue?”
“I thought this would be a way to clear up some confusion in the market. Instead he told me to sell my shares.”