Do you not believe that Anthropic and/or OpenAI are going to be able to IPO? Once they do, that's a huge source of capital for them that could absolutely be used to fund hardware purchases.
replyBased on current reporting the IPO wouldn’t generate anywhere near enough cash to pay for the bills coming due. Just between those two they have over a trillion $ of commitments coming due that need cash payment. Thats actual dollars they need to pay and neither the IPO nor current cash flows appear to be generating that kind of money to pay these bills when they come due.
replyIt’s a big problem which neither big lab has a great answer for right now.
They can IPO all they want it's not gonna save them from the Chinese labs selling equivalent models at 80% discount
replyThese labs made a bold bet that cost trillions, but those trillions in research are a box of concrete around their feet now