If bankruptcy does happen to be the future for everyone, then yes, I think there is going to be a lot of "ah never mind"s going around.

If all this went away tomorrow, what would we do with all the compute? Its not exactly general purpose infrastructure thats being built.

My hypothesis is that general computing frameworks are the next big thing. The powerful GPUs have been mostly black boxes for way too long. A lot of clever people will not want to just throw them away or sell them second-hand and will try to find better ways to utilize them.

I might very well be super wrong. F.ex. NVIDIA is guarding their secrets very well and we have no reason to believe they'll suddenly drop the ball. But it does make me think; IMO a truly general GPU (and open + free) compute has been our area's blind spot for way too long.

Some of the participants may go bust but I very much doubt the highly profitable ones like Google, Apple, Nvidia and Microsoft will. There'll be enough demand for existing LLMs to keep the servers busy. Just writing code which works currently is probably enough to justify a fair chunk of the capacity.

Folding@Home?

Could always mine crypto.