For an IPO investor in an AI lab valued at one or two trillion dollars to earn a 1,000x return, the lab would need to reach a valuation in the quadrillions.

“So individual investors that got in during the public offering could make 1000X. Now, if you have, uh, an AI lab that goes public at a trillion or two trillion, in order for a- an individual investor at IPO to make that type of return, they'd have to get into the quadrillions, right?”