[binalpatel]

My personal (overly biased view after reading Chip War recently) take is pretty much there, seems like a lot of the same early dynamics of semiconductors are playing out here.

Very large R&D expenditures for the next iterations of the models at the leading edge (the "fabs" of the world), everything downstream getting much cheaper and better with demand increasing as a result.

Like a world where Claude Opus 3.5 is incredibly expensive to train and run, but also results in a Claude Haiku that's on net better than the Opus of the prior generation, occurring every cycle.