Comment by red_green_yell

Amen. AI boosters look at currently high profit margins on inference and blindly accept claims that these inference profit margins will continue. Of course those margins depend on historically massive R&D spend on training. The moment that training stops, AI returns to a commodity market and the inference profits end. Big labs are trying as hard as possible to keep the gravy train running but they can all see it won't last forever, hence the rush for IPO & regulating away open models.

Boosters are right that AI is a historically impactful product, but big labs will be unable to meaningfully profit from ushering in the AI era just like Netscape failed despite ushering in the internet era.