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The bottleneck right now isn't making hardware more powerful, it's manufacturing it fast enough. Hardware right now is expensive because of scarcity, and those with a monopoly on it have no incentive to change that.

The Chinese would love to produce AI hardware much cheaper, but are blocked from doing so because US sanctions stop a Dutch company from selling them the machines capable of doing so. Coincidentally the companies with a monopoly happen to be in the US.

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To be fair, the Dutch company is built on technology that was developed by the US Government, hence why there are restrictions.

[1]https://www.eetimes.com/u-s-gives-ok-to-asml-on-euv-effort/

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Moore's law isn't as relevant with parallel workloads. If you can keep building more lanes you don't have to worry about making faster cars.
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Sure, but it doesn't lower the cost or increase the efficiency of the system
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