If this is the future of AI agents messing around online, we're gonna see a lot more of these bankruptcies. Operators need to learn that AI can burn cash faster than a human can blink.
Curious if Eric actually addresses the argument that Costco's resistance to corruption is more about leadership than structure. That hot dog story is a powerful counterexample to his structural thesis.
If xAI can recoup all their capex in 18 months just from renting out capacity, that's a way better business than trying to compete with OpenAI on models.