[dgreensp]

You’re absolutely right. If there are corrections, it’s only because people have gone a little crazy. People sometimes get enamored with the idea of one country or company dominating in a winner-takes-all situation. OpenAI has been trying to spin narratives in which the only rational move is for everyone to invest all of their money in OpenAI, immediately.

I don’t think the Nvidia CEO is losing any sleep. He doesn’t have a planet-sized ego, like some. They are still selling pickaxes during a gold rush, as the saying goes. And the stock is still up 100% in the past year. CEOs don’t control the stock price (much as some try), anyway, the market does. Also, the market is insane. You also can’t control the competition, or what new innovations come along. You just have to run a good business, which they are doing.

Innovation is good for all players. Reality-checks are good. Nothing here is unexpected. There are lots of smart researchers in the world. Software innovations that make better use of hardware are expected. People just like drama.

Like if Tim does a better job at a skateboard trick that has always been Tom’s thing, people want to be that kid who is the one to say, “Oh, snap!!” and won’t stop talking about it at school, because they were there. And how it’s so mind-blowing and previously inconceivable.