This is such a huge repeat of the early 2000s. All the bust startups spent billions in infrastructure. Everyone built their own datacenters, no matter what your business is.

We'll either see a new class of "AWS of AI" companies that'll survive and be used by everyone (that's part of the play Anthropic & OpenAI are making, despite API generating a fraction of their current revenue), or Amazon + Google + Microsoft will remain as the undisputed leaders.

I remember the first dot com bust, you could find Herman Miller Aerons (the stereotypical inet-startup-guy chair) super cheap as well as fairly large Cisco 6509 routers and ...i think it was Sun Fire 15ks lol. I look forward to getting some nice GPUs at a discount.

idk what a person would do with a 6509 or a Sun Fire hah but they were all over craigslist iirc.