[freakynit]

We are missing the fact that they have created their GPU's that are now just 4-5 years behind. And considering it's China, which does everything-hardware at insane scale, and efficiency, my guess is that they are at step-1 now... gain market share at loss, and at the same time, gradually, start plugging their in-house cards to power these models to gauge their performance on real workloads.

Once they cross a certain threshold, nVidia can say goodbye to it's monopolisitic profit margins of over 70%.

GPU infra capex is the biggest spend for the inference providers as of now, power, second biggest.

China has already cracked the power part, they are now close to cracking the GPU part.