[cm2187]

But that means going back to "80% profit margin" Jensen and further digging your capex hole. The benefits would have to pay not only for current capex but also past capex.

But by then, I will be able to go one line down in my dropdown menu to switch to a newer LLM provider who doesn't have to amortize those past capex.

[QuiEgo]

Yes, the whole thing feels dot comish. I’m betting there will be a few (maybe only 1-2, like what happened to search) winners, and everyone else is in for a bad time. It’s the same dynamic too: the winners are going to win so big that everyone wants to get their money in for a chance at a piece of the pie.