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Summary by UnHerd
In what must be one of the highest-stakes gambles of all time, tech billionaires are betting trillions of dollars on a technology that they believe could usher in an age of abundance, cure all diseases and ultimately save the planet. So far, speculators big and small have bet $5 trillion on Nvidia, the AI industry’s chipmaker — and with it the success of Artificial General Intelligence (AGI). It’s the kind of bet that Nathan Detroit might call “…

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Welcome to the Global Casino

In what must be one of the highest-stakes gambles of all time, tech billionaires are betting trillions of dollars on a technology that they believe could usher in an age of abundance, cure all diseases and ultimately save the planet. So far, speculators big and small have bet $5 trillion on Nvidia, the AI industry’s chipmaker — and with it the success of Artificial General Intelligence (AGI). It’s the kind of bet that Nathan Detroit might call “…

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UnHerd broke the news in on Monday, February 16, 2026.
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