Part 8/12:
Kevin also references the backgrounds of some AI company's executives—such as Nextdoor's former CEO and the CFO of Block (formerly Square)—to illustrate the importance of strategic financial planning. He humorously points out that Nextdoor's market cap once soared to $666 million and then plummeted over 83%, emphasizing how volatile these ventures can be, especially when tied to rapid technological shifts and funding challenges.
He suggests that the CFO of OpenAI's call for a "backstop" makes sense in context: if AI companies are to sustain aggressive hardware upgrades, they need the safety net of government guarantees to secure financing and maintain their competitive edge.