> Are you saying people haven’t been throwing unneeded GPU capacity on the market? That is happening.

That, by itself, doesn't have to mean anything.

AWS is far more compute capacity than Amazon needs, but that's not because Amazon misjudged how much capacity they need. They built it out to sell it to others, leveraging know-how and economies of scale to do so very profitably.

They only need companies to suddenly need their GPU compute if those committed contracts don't make it.

How hard can that be?