Ugh, I hate hate hate these kinds of polemics.

All this hype around what is basically a data center PLI and a low-moat foundation model company is going to screw our industry over the same way the Telco Bust (remember WorldCom???) did back in the 2000s.

ML/AI is transformative, but the costs to develop and GTM a foundational model are not significant enough of a moat, nor is DC capex a significant moat either, becuase it becomes a commercial real estate play that can demand tech margins. CoreWeave's IPO before the debt offering proves the market softening as well.

The national strategy portion is off as well. Some major players have been ignored and others overstated.