He's saying the demand is artificial because it's all from Anthropic and OpenAI but they have revenue from paying customers of about $74 bn and $49 bn annualize

He's saying the demand is artificial because it's all from Anthropic and OpenAI but they have revenue from paying customers of about $74 bn and $49 bn annualized respectively. If those went under the customer demand would still presumably be there. And it's not like those numbers are static - they are probably up several times on a year earlier. In July 2024 Anthropic's annualized revenues were ~$0.5 bn when Ed wrote >And yes, that sound you hear is the slow deflation of the bubble I've been warning you about since March... >How does GPT – a transformer-based model that generates answers probabilistically (as in what the next part of the generation is most likely to be the correct one) based entirely on training data – do anything more than generate paragraphs of occasionally-accurate text? which illustrates how spot on he is with understanding AI.