[hash872]

Because speculative startups require a lot of investment/venture capital, but the VCs need a defined return at some point. They need an exit with a sale, an acquisition or an IPO in order for the whole process to make financial sense. If companies just 'grow' but never sell out, there's not enough return for VCs, so they don't invest. No investment = way less startups to begin with

[ericd]

Especially important if you want to compete in training base models - if they were using 1500 H100s like the quote somewhere above implies, the market rate for that right now is something like $7500-$10k per hour (retail, on demand, so probably lower in reality, but still, it adds up incredibly quickly if you’re training 24 hours per day).