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It reminds me of this classic cartoon:

https://static01.nyt.com/images/2011/08/11/opinion/081111kru...

It used to be a casino. Now it's a matter of monetary policy transmission and a national security issue. They fully and shamelessly embraced the wealth effect as the driving force of the economy. Market always has to go up or else bad things are going to happen.

This. The people with the wealth have captured every regulatory environment. As long as that situation persists, do not bet against the wealthy because they will move heaven and earth to make sure they always come out on top.

Yes, the market wants a revolution in the amount of VRAM you can fit on a GPU.

Maybe DRAM manufacturers should be making GPUs.

TBH It would be interesting to think about some variant of 3d XPoint on an inferrence-oriented GPU device.