Which is why I would be nervous, were I sitting atop a five-and-a-half-trillion-dollar valuation built on a story its own executives call the tokenomics flywheel: AI gets cheaper, so people use more of it, so you sell more chips, forever. It’s a lovely flywheel. It also rests on two assumptions standing up indefinitely — that the lookups stay on the graphics chip, and that the hallucination tax, the wrongness, the wall, is simply the permanent cost of doing business, a thing you manage rather than cure. 2Brains is a bet that both assumptions fall in the same afternoon
From a ‘zinger’ perspective, this is a great piece from Bob Cringely.