Comment by downrightmike
19 hours ago
Bubble popped when they increased prices. IPO may help cover some of the costs, but AI is very elastic and can be swapped out for any other company second to second. Which is why I think they bought up ram and disks like they did, to starve out competition and local models.
Correct. That’s exactly right.
The move to buy up ram is straight out of a industrial organisation textbook.
It was the root concession that scale will not solve AGI