But the companies selling them chips are also their shareholders, so those are on the hook as well.

A handful of start ups will find genuine use cases for these models with real business demand. It just won’t be another AI travel agent chat bot.

If it's below market rates, the people using the shovels are the ones making a profit.

Impossible to say right now... consider just the idea of reactive agentic workflows: test fails, agent is instantly triggered and response is passed off for review, or whatever, something along those lines.

Thats staying power, suddenly that lease isnt a lease, its an ongoing cost for as long as that system exists. its gas.