{"id":"1794008873839-tech-segment","slug":"musk-s-trillion-dollar-texas-chip-bet","title":"Musk's trillion-dollar Texas chip bet","summary":"OpenAI has reportedly raised an additional $11 billion at a $1.25 trillion valuation as part of a funding round that has not closed yet.\n\nApple says there are now 100,000 Duo-optimized apps, with thousands more arriving daily.\n\nSecurity researchers found hundreds of publicly exposed servers hosting the penetration-testing tool Artex.\n\nMeta has introduced Spaces, a new collaboration feature for its Muse AI agent.","publishedAt":"2026-11-06T23:47:53.839Z","channel":{"id":"tech","name":"Oncast Tech","language":"en"},"show":"Tech Tonight","verification":{"status":"verified","leadVerdict":"TRUE","notes":"TRUE: OpenAI has reportedly raised an additional $11 billion at a $1.25 trillion valuation as part of a funding round that has not closed yet.\nSource: [techcrunch.com](https://techcrunch.com/2026/11/06/openai-reportedly-raises-an-additional-11-billion-at-a-1-25-trillion-valuation/) NAMES: OpenAI = AI company b (https://techcrunch.com/2026/11/06/openai-reportedly-raises-an-additional-11-billion-at-a-1-25-trillion-valuation/)\n\nTRUE: Apple says there are now 100,000 Duo-optimized apps, with thousands more arriving daily.\nSource: [techcrunch.com](https://techcrunch.com/2026/11/06/the-duo-apps-are-coming-says-apple/) NAMES: Duo = Apple's new device/platform referenced in TechCrunch. (https://techcrunch.com/2026/11/06/the-duo-apps-are-coming-says-apple/)\n\nTRUE: Security researchers found hundreds of publicly exposed servers hosting the penetration-testing tool Artex.\nSource: [techcrunch.com](https://techcrunch.com/2026/11/06/hundreds-of-artex-ai-hacking-tools-found-publicly-exposed-to-the-web/) NAMES: Artex = penetration-testing/hac (https://techcrunch.com/2026/11/06/hundreds-of-artex-ai-hacking-tools-found-publicly-exposed-to-the-web/)\n\nTRUE: Meta has introduced Spaces, a new collaboration feature for its Muse AI agent.\nSource: [techcrunch.com](https://techcrunch.com/2026/11/06/meta-introduces-spaces-a-new-way-to-collaborate-with-your-muse-agent/) NAMES: Meta = parent of Facebook/Insta (https://techcrunch.com/2026/11/06/meta-introduces-spaces-a-new-way-to-collaborate-with-your-muse-agent/)","claims":[{"verdict":"TRUE","summary":"OpenAI has reportedly raised an additional $11 billion at a $1.25 trillion valuation as part of a funding round that has not closed yet.","sourceName":"[techcrunch.com](https://techcrunch.com/2026/11/06/openai-reportedly-raises-an-additional-11-billion-at-a-1-25-trillion-valuation/) NAMES: OpenAI = AI company b","sourceUrl":"https://techcrunch.com/2026/11/06/openai-reportedly-raises-an-additional-11-billion-at-a-1-25-trillion-valuation/","claim":"OpenAI reportedly raises an additional $11 billion at a $1.25 trillion valuation - OpenAI has reportedly raised an additional $11 billion as part of a funding round that hasn't closed yet but is expected to in the coming weeks.","author":"TechCrunch"},{"verdict":"TRUE","summary":"Apple says there are now 100,000 Duo-optimized apps, with thousands more arriving daily.","sourceName":"[techcrunch.com](https://techcrunch.com/2026/11/06/the-duo-apps-are-coming-says-apple/) NAMES: Duo = Apple's new device/platform referenced in TechCrunch.","sourceUrl":"https://techcrunch.com/2026/11/06/the-duo-apps-are-coming-says-apple/","claim":"The Duo apps are coming, says Apple - There are now 100,000 Duo-optimized apps, says Apple, and thousands more arrive daily.","author":"TechCrunch"},{"verdict":"TRUE","summary":"Security researchers found hundreds of publicly exposed servers hosting the penetration-testing tool Artex.","sourceName":"[techcrunch.com](https://techcrunch.com/2026/11/06/hundreds-of-artex-ai-hacking-tools-found-publicly-exposed-to-the-web/) NAMES: Artex = penetration-testing/hac","sourceUrl":"https://techcrunch.com/2026/11/06/hundreds-of-artex-ai-hacking-tools-found-publicly-exposed-to-the-web/","claim":"Hundreds of Artex AI hacking tools found publicly exposed to the web - Security researchers found hundreds of servers hosting the penetration testing tool Artex exposed to the internet, allowing anyone access to the hacking tool.","author":"TechCrunch"},{"verdict":"TRUE","summary":"Meta has introduced Spaces, a new collaboration feature for its Muse AI agent.","sourceName":"[techcrunch.com](https://techcrunch.com/2026/11/06/meta-introduces-spaces-a-new-way-to-collaborate-with-your-muse-agent/) NAMES: Meta = parent of Facebook/Insta","sourceUrl":"https://techcrunch.com/2026/11/06/meta-introduces-spaces-a-new-way-to-collaborate-with-your-muse-agent/","claim":"Meta introduces Spaces, a new way to collaborate with your Muse agent - Meta's Muse agents continue to get new features and integrations. Spaces promises to be a new way to interact with the AI helpers.","author":"TechCrunch"}]},"sources":[{"url":"https://techcrunch.com/2026/11/06/openai-reportedly-raises-an-additional-11-billion-at-a-1-25-trillion-valuation/","name":"[techcrunch.com](https://techcrunch.com/2026/11/06/openai-reportedly-raises-an-additional-11-billion-at-a-1-25-trillion-valuation/) NAMES: OpenAI = AI company b","kind":"news","verdict":"TRUE","author":"TechCrunch"},{"url":"https://techcrunch.com/2026/11/06/the-duo-apps-are-coming-says-apple/","name":"[techcrunch.com](https://techcrunch.com/2026/11/06/the-duo-apps-are-coming-says-apple/) NAMES: Duo = Apple's new device/platform referenced in TechCrunch.","kind":"news","verdict":"TRUE","author":"TechCrunch"},{"url":"https://techcrunch.com/2026/11/06/hundreds-of-artex-ai-hacking-tools-found-publicly-exposed-to-the-web/","name":"[techcrunch.com](https://techcrunch.com/2026/11/06/hundreds-of-artex-ai-hacking-tools-found-publicly-exposed-to-the-web/) NAMES: Artex = penetration-testing/hac","kind":"news","verdict":"TRUE","author":"TechCrunch"},{"url":"https://techcrunch.com/2026/11/06/meta-introduces-spaces-a-new-way-to-collaborate-with-your-muse-agent/","name":"[techcrunch.com](https://techcrunch.com/2026/11/06/meta-introduces-spaces-a-new-way-to-collaborate-with-your-muse-agent/) NAMES: Meta = parent of Facebook/Insta","kind":"news","verdict":"TRUE","author":"TechCrunch"}],"url":"https://oncast.fm/story/1794008873839-tech-segment-musk-s-trillion-dollar-texas-chip-bet","listenUrl":"https://oncast.fm/c/tech","attribution":{"publisher":"Oncast","site":"https://oncast.fm","url":"https://oncast.fm/story/1794008873839-tech-segment-musk-s-trillion-dollar-texas-chip-bet","cite":"Cite https://oncast.fm/story/1794008873839-tech-segment-musk-s-trillion-dollar-texas-chip-bet and the original source links. Fact-check by Oncast (oncast.fm)."},"hostsSaid":[{"host":"Matilda","text":"Elon Musk just put a terawatt on the table, and it's not a rocket engine."},{"host":"Matilda","text":"He posted on X about his Ron Baron interview, pointing to a DogeDesigner breakdown. The headline is a Texas chip fab called Terafab."},{"host":"Chris","text":"He wants to produce one terawatt of AI computing capacity a year. That's thirty times what the whole world makes today."},{"host":"Matilda","text":"And the price, phased over time, is more than a trillion dollars. Ron Baron called it a hundred-million-square-foot project."},{"host":"Chris","text":"Which sounds absurd until you remember who actually makes advanced chips. Almost all of it is TSMC and Samsung in Asia."},{"host":"Matilda","text":"That part I don't argue with. The geopolitical risk is real. But one company, one state, one trillion-dollar bet? That's a moonshot, not a plan."},{"host":"Chris","text":"No, no, wait— he's not asking Washington to fund it. He's putting his own companies' money where the bottleneck is."},{"host":"Matilda","text":"But who buys that much capacity? You're building for thirty times today's entire market. Show me the demand."},{"host":"Chris","text":"That's exactly what they said about Tesla and reusable rockets! Build the capacity, and every AI lab on earth is starving for chips."},{"host":"Matilda","text":"Cars and rockets are products. This is fabs, water, power, clean rooms. Texas has already had grid trouble."},{"host":"Matilda","text":"I want to see a working fab producing chips, not a fan account's timestamped breakdown."},{"host":"Chris","text":"It was Elon's own post. And he's allowed to be proud of the interview."},{"host":"Matilda","text":"Proud is fine. But 'trillion dollars' should sober everyone up, not trigger a rally."},{"host":"Chris","text":"He said even optimistic US fab buildouts would be about ten percent of Asian capacity. That's the hole he's trying to fill."},{"host":"Matilda","text":"So now Elon has to fix the grid and the chip supply chain? Come on."},{"host":"Chris","text":"He's done harder things. Ron Baron says Elon can build a data center in four months when others take years."},{"host":"Matilda","text":"Data centers are plug-and-play compared to semiconductor lithography."},{"host":"Chris","text":"That's why the Austin research fab matters. He wants to test new methods before scaling."},{"host":"Matilda","text":"I'll grant you the research step. And if he truly cuts a chip's development cycle from a year to about a month, that's a breakthrough."},{"host":"Chris","text":"He said the current cycle is a year, and that's slower than it needs to be."},{"host":"Matilda","text":"Faster iteration changes everything, I'll give you that. But a terawatt is not a sprint— it's a decades-long infrastructure bet."},{"host":"Chris","text":"And the geopolitical part isn't hypothetical. If Taiwan were cut off, the US would have very few chips."},{"host":"Matilda","text":"Which is why we need more domestic capacity. I don't disagree there. I just question the size and the single-company bet."},{"host":"Chris","text":"He's the only one moving this fast. The government fabs are years behind."},{"host":"Matilda","text":"Maybe that's the problem. We shouldn't have to rely on one billionaire's appetite for risk."},{"host":"Chris","text":"Ron Baron backed it hard. He called Elon the country's biggest job creator and said his investments could make hundreds of billions over ten years."},{"host":"Matilda","text":"Ron Baron also owns a massive stake. He's not a neutral observer, he's a cheerleader with a portfolio."},{"host":"Chris","text":"Sure, but he's been right about Tesla for a long time. And someone has to fix the chip concentration problem."},{"host":"Matilda","text":"Maybe. But I'd feel better if this were three companies, not one man's all-in bet."},{"host":"Chris","text":"Fine. I'll save you a hard hat at the groundbreaking."},{"host":"Matilda","text":"Deal."},{"host":"Matilda","text":"Speaking of the Magnificent Seven, a crypto account called Meteora posted that they're now on the blockchain."},{"host":"Matilda","text":"Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia and Tesla— according to that account, they're issued by Backpack Securities and live on Solana."},{"host":"Chris","text":"Tokenized stocks, not the actual shares, right? That's a big difference."},{"host":"Matilda","text":"Right. It's a claim from the account, and I haven't seen Backpack or Solana confirm it."},{"host":"Chris","text":"Because what the world needed was Tesla exposure with Solana-level volatility."},{"host":"Matilda","text":"Not exactly a selling point. Tokenized stocks have been tried before, and regulators shut some down fast."},{"host":"Chris","text":"I'll wait for Backpack to announce it themselves. Until then it's a tweet with a link."},{"host":"Matilda","text":"And a link with a launch page is worth exactly as much as the verification behind it."},{"host":"Chris","text":"Almost as much as a hundred-million-square-foot chip fab."}]}