I don't think it'll contract because I don't think we'll get a signal that takeoff for sure isn't going to happen, it'll just happen much slower than the hypers

I don't think it'll contract because I don't think we'll get a signal that takeoff for sure isn't going to happen, it'll just happen much slower than the hypers are trying to sell, so investors will continue to invest because of sunk costs and the big downside risk of being left behind. I'm sure we'll see a major infrastructure deployment slowdown as foundation model improvements slow, but there are a lot of vectors for optimization of these systems outside the foundation model so it'll be more of a paradigm shift in focus.