AI being commodity server capacity might be a thing. And the customers might even manage without hyperscalers... In that sort of end scenario whole current market might look rather foolish.
You mean, what if the hype-based billionaire-class is wrong? Isn't suggesting that a sin in America these days?
When someone says their football team is winning in the first half, do you say, "Umm, no, they're leading, not winning!"
It's a race metaphor not a football metaphor.
If your team has more points than the other team, you are both leading the contest and winning the contest.
It is a distinction without a difference.
The elephant in the room, and where the analogy breaks down, is that a race has an end, the finish line. A sports match has a victory condition of some type. Nobody has a damn clue as to the victory condition of this hyperscalar craze. Anyone who says otherwise is incorrect.
In foot/cycling races there's often a pack leader, that leader is often not the winner of the race, all they're doing is taking the brunt of the air resistance while everyone else slipstreams behind. For a casual observer it seems that the pack leader will win, but everyone knows that it's gonna be someone that paced themselves that's going to overtake the first spot at the tail end of the race.
I would also argue that as AI gets better it will also be more fungible. It will be valuable like electricity. Lots of companies make good money producing electricity, but not the kind of money current investors are hoping for.
Whether they're correct that there can be only one is of course a matter of debate. But that is at least the mind-set they are operating under according to Cuban.
Which one, Meta[0]?
0. https://www.reuters.com/business/media-telecom/meta-poised-s...
It's becoming more obvious everyday to people. They'll realize that 1000x the cost for marginal improvements isn't worth it and the market will open up. It'll become more based on tooling and smaller more task-focused models instead of this crazy project to create a data center god to rule over humanity.
He was never based in Silicon Valley, and the closest he got was selling a website to Yahoo in 1999. After that, he has mainly sold sports and his media personality for TV shows.
Moreover, why would leaders of trillion dollar big tech companies subject to myriad securities laws be discussing intimate business details with random people that have no domain expertise or influence?
https://www.semafor.com/article/04/27/2025/the-group-chats-t...