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Valord | 1 year ago

My impression is that costs will continue to go down. Large investments are unlikely to be profitable for these businesses. Whoever is dumping billions into this is unlikely to get their money back. The new tooling, models, discoveries seem to be commoditized within months. There are no moats. If things keep going this way there will never be a point where employers (or anybody for that matter) have to pay the real cost.

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