That's interesting! How do you see "oversupply of hardware" playing out? Is it because we stop doing ~2024-style, large-scale training (marginal returns aren't

That's interesting! How do you see "oversupply of hardware" playing out? Is it because we stop doing ~2024-style, large-scale training (marginal returns aren't worth it)? Or because supply way outpaces the training+inference demand? AFAIU if the trend lines /S-curves keep chugging along as they are, we won't hit hardware oversupply for a long, long time without some sort of AI training winter.