Kind of...

Karpathy is also saying the quiet part out loud: they are making progress by brute force. It's a cost driven arbitrage market.

Do I need to spend high prices on 1000 agents to solve this today, or should I wait 1000 days (with compute increasing and prices falling) and hope that I get lucky and get the right answer sooner. Is your competitor half the price but I need 1500 agents to do it in one day cause it's just a bit dumber.

The market for brute force intelligence is infinite - and at some point demand will drive the cost to single digit margins.