[bildung]

Of course they bundle R&D with inference pricing, how else could you the recoup that investment.

The interesting question is: In what scenario do you see any of the players as being able to stop spending ungodly amounts for R&D and hardware without losing out to the competitors?

[stavros]

In the scenario where that market collapses, ie when we stop making significant gains with new models. It might be a while, though, who knows.