Yes, I get the feeling he can taste it. I suspect it will make him a billionaire.

He has a big part of the answer to several questions about AI that are getting bandwidth: too much CAPEX, too much energy usage, and too much heat and water.

Bill Gates is talking about small nuclear power plants for data centers. CAI helps far sooner and in a benign way, so it's an early winner. If he hits it just right, the IPO SP will be far higher than the fundamentals warrant.