[vittore]

I've been ruminating on this past two years, with life before AI most of the compute staying cheap and pretty much 90% idle , we are finally getting to the point of using all of this compute. We probably will find more algorithms to improve efficiency of all the matrix computations, and with AI bubble same thing will happen that happened with telecom bubble and all the fiber optic stuff that turned out to be drastically over provisioned. Fascinating times!

[shevy-java]

I don't think any of this is "fascinating" - it is more of a racket scheme. They push the prices up. Governments failed the people here.

[yooogurt]

Isn't this more easily explained by supply-demand? Supply can't quickly scale, and so with increased demand there will be increased prices.

[squibonpig]

Except it's still sitting idle in warehouses while datacenters get built. They aren't running yet. Unlike with fiber, GPUs degrade rapidly with use, and for now datacenters need to be practically rebuilt to fit new generations, so we shouldn't expect much reusable hardware to come from this