“Oh wow, Deepseek figured out a way to run inferences on a cutting edge LLM for way less money than the competitors. Now that we have enough AI, we’ll stop investing in compute.”
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“Oh wow, Ford figured out how to make an assembly line for cars. Now that we have enough cars, we’ll stop investing in car parts.”
Not investment advice, stay humble and stack sats, etc. But AI is still very much not priced in.