[senordevnyc]

Eh, I don’t think there’s any reason to think #3 is true, and the whole thing being a house of cards is predicated on that one.

If the massive demand is still present for compute at market rates (which I believe it is), then your second point is just investors spending cap ex to build out valuable and profitable assets, no problem there.

Time will tell.

[cmiles8]

What evidence says otherwise? OpenAI is projected to have massive losses for years to come and all indications are that’s driven by the cost of compute being far higher than the revenue generated by said compute.