I'm considering Anthropic. I think they will be one of the survivors if/when the AI bubble bursts.

I was dubious about SpaceX (orbital data centers need to solve for extreme radiation and error-correction during training), but then I remembered that xAI is actively working on virtualizing white collar workers ("Macrohard").

In my opinion, this is the only TAM that justifies $1T in data center investment, because the consumer market for ChatGPT-style AI is saturated. There's a lot of enterprise TAM available for AI, but I think what these companies training frontier models are really after is selling a product that allows companies to eliminate the cost of white collar salaries.