I think things are pretty clear. I don’t know when the markets will agree, sadly. We do know technological advancements will leave the data centers as strande

I think things are pretty clear. I don’t know when the markets will agree, sadly. We do know technological advancements will leave the data centers as stranded assets. There’s not enough money in the most optimistic revenue projections to pay for them, and models are simultaneously getting better and cheaper to operate. Adobe (and similar companies) will either improve or be replaced by vibe coding. I think the assumption a lot of wall street and management is making is that Adobe can replace itself with vibe coding and vibe customer support, and then not be simultaneously out-innovated by a few dozen companies founded by folks they laid off. Local inference is 6-12 months behind SOTA. If that holds, you can have a 2029 SOTA locally on a Rapberry Pi 8, or 2030 SOTA for $500/month (in 2026 dollars). If 2030 SOTA is qualitatively better at that point, then we’ll be way past AGI, and the economy will be unrecognizable.