>the trading post will somehow sell fewer shovels There is a point where there are enough shovels circulating that the demand for new shovels falters, even wit

>the trading post will somehow sell fewer shovels There is a point where there are enough shovels circulating that the demand for new shovels falters, even with zero drawback in the rush. And if so much gold was being mined that it overwhelmed the market and reduced the commodity price, the value of better shovels is reduced. DeepSeek and friends basically reduce the commodity value of AI (and to be fair, Facebook, Microsoft et al are trying to do the same thing with their open source models, trying to chop the legs out of the upstart AI cos). If AI is worth less, there are going to be fewer mega capitalized AI ventures buying a trillion dollars worth of rapidly-depreciating GPUs in hopes at eeking out some minor advantage. I wouldn't short nvidia stock, but at the same time there is a point where the spend of GPUs just isn't rational anymore. >And as more efficient models proliferate it means more edge computing which means more customers with lower negotiating power than Meta and Google Edge compute has infinitely more competition than the data center.