I was just listening to the Hard Fork on the difficulties around acquiring GPUs, and it only reinforced for me how bad these are gonna be as companies to invest in. Virtually 100% of the margin on AI is going to be for companies that implemented to change the fundamental market economics that people expect for their industry not AI companies themselves. The upfront cost of GPUs makes these companies such high cost of capital endeavors that it's really hard to imagine they're going to perform establish players
I was just listening to the Hard Fork on the difficulties around acquiring GPUs, and it only reinforced for me how bad these are gonna be as companies to invest in. Virtually 100% of the margin on AI is going to be for companies that implemented to change the fundamental market economics that people expect for their industry not AI companies themselves. The upfront cost of GPUs makes these companies such high cost of capital endeavors that it's really hard to imagine they're going to perform establish players