[keeda]

> Now almost all providers are hitting limits.

Providers have been hitting limits and growing backlogs -- i.e. real money customers had committed to paying them but could not be realized due to lack of capacity -- to triple-digit billions EACH for multiple quarters now.

People are only just noticing the capacity crunch now because they're being directly impacted by Claude crapping out so much. But a superficial glance at the quarterly earnings of any of the hyperscalers shows that the AI compute crunch and revenues have only been growing pretty much since the AI boom took off. That alone should have raised questions about the bubble narrative.

Yet commentators like Zitron have been crying "bubble" all that time. I guess there's real money... er... engagement to be farmed by playing up the AI backlash. The backlash is real and understandable, but these narratives only serve to muddle useful discourse in exchange for some cheap rage-views.