True, but training is one-off. And as you say, a factor 100x less costs with this new model. Therefore NVidia just saw 99% of their expected future demand for AI chips evaporate

Even if they are lying and used more compute, it’s obvious they managed to train it without access to the large amounts of the highest end chips due to export controls.

Conservatively, I think NVidia is definitely going to have to scale down by 50% and they will have to reduce prices by a lot, too, since VC and government billions will no longer be available to their customers.

I disagree.

Like it or hate it, crypto is here to stay.

And it’s actually one of the few technologies that, at least with some of the coins, empowers normal people.