I don’t think the OP is saying $1.4 trillion cash is needed “right now.” The point being made is simply that with all the circular deals and financing for this to make sense OpenAI does need to generate $1.4 trillion in cash that can eventually work its way through the economy to pay for all of this. Hype and inflated valuations can be built on numbers on paper but real business are built on cash flow. The OP is simply calling out the lack of cash flow.

Even under the most bullish cases for AI the real $ requires here looks iffy at best.

I think we all know that a big part of the angle here is to keep the hype going until there’s a liquidity event, folks will cash out and then at the like they won’t care what happens.