Yeah; its concerning how depressingly similar Sam's recent language is to, say, SBF's in his prime. Waxing poetically with faux-intellectualism about the sheer addressable market his business will capture (all of humanity) (and funded by the government) [1]. You can just listen to key players in the space, how their language has changed over the past year, and recognize that we're probably very near a local maxima / plateau / AI winter.
Reality is: AI is startlingly expensive. Stupid, stupid expensive. Microsoft is building "Stargate", their $100B AI-focused supercomputer [2]. The money to build that isn't coming from selling AI services. Its coming from their old, boring, tried and true businesses; Windows, Office, Azure, and M365. Xbox is dying before our eyes. Their tried and true businesses make great money but aren't growing. Its up to AI to prove to investors that their P/E multiple is justified.
Reality is: AI is startlingly expensive. Stupid, stupid expensive. Microsoft is building "Stargate", their $100B AI-focused supercomputer [2]. The money to build that isn't coming from selling AI services. Its coming from their old, boring, tried and true businesses; Windows, Office, Azure, and M365. Xbox is dying before our eyes. Their tried and true businesses make great money but aren't growing. Its up to AI to prove to investors that their P/E multiple is justified.
[1] https://twitter.com/tsarnick/status/1789107043825262706
[2] https://www.tomsguide.com/ai/meet-stargate-the-dollar100-bil...