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Over the past few years, the astronomical, market-bending reallocation of capital into A.I. has been predicated on a simple thesis: It will take trillions of dollars, thousands of data centers, and hundreds of new power plants to unleash a transformative superintelligence. “It’s hard to even imagine today what we will have discovered by 2035,” Sam Altman wrote in June. “Maybe we will go from solving high-energy physics one year to beginning space colonization the next year, or from a major materials science breakthrough one year to true high-bandwidth brain-computer interfaces the next year.” Heavy cake.