> Everything is so incestuous now that the problem isn't 2% here or 3% there, it'll be a catastrophe of epic proportions

Google and Amazon fund Anthropic which returns the favor with cloud purchases at these hyperscalers. So, google and amazon show increased earnings (via anthropic share markup) and increased cloud revenues via anthropic purchase. SpaceX didnt want to be left behind, so, it signed a deal with Anthropic.

Meanwhile capex at hyperscalers, VCs, PE etc is funding the party. Capex is not a concern to anybody as it doesnt appear on either revenues or earnings at the hyperscalers.

Downstream is partying from all the spending (server makers, chips, disk etc).

Whats not to like ! this is a perpetual money machine. Lets partay !