That means they are going to be far more constrained infrastructurally than some of the competition. I think this is some of the constraints that we are seeing.
They don't have compute because they didn't play the game and get the good rates a couple of years ago, and are now forced to work with third-rate providers. That's not a strategy.
I would take everything he says with a huge grain of salt.
[0] “We’re buying a lot. We’re buying a hell of a lot. We’re buying an amount that’s comparable to what the biggest players in the game are buying.”
“Profitability is this kind of weird thing in this field. I don’t think in this field profitability is actually a measure of spending down versus investing in the business.”
[1] “You don’t just serve the current models and never train another model, because then you don’t have any demand because you’ll fall behind.”
So he's not spending so they can be profitable, AND spending as much as the biggest players are spending, AND not really looking at profit as a measure of anything? K.
they're looking to IPO in 2028 vs 2030 for OpenAI, who have raised more than double the funds
so they're willing to play fast and loose with the terms and conditions of existing customers trying to make it happen
those pockets must be drying up really fast