There is a huge loophole in the reasoning: Sam Altman assumes, without stating it clearly, that RAM is used only for AI use, and the only question is "should AI inference being run in the cloud or on our computer".

But that's not true. Computers, including RAM, are used for many different things that do not involve AI at all. video games, office work, communications, access to culture, etc.

So, what Altman really says is "AI is the only thing that matter for computing, and thus, for the success of his company, we must allocate all the RAM to his company, and forbid any people from accessing it".

And, IMO, we should not accept that kind of discourse :s