I guess the question is; is this the late-cycle cash-out (aka harvest pricing) akin to Sun Microsystems at the dot-com peak -- or is it a repeat of the crypto pricing hijinks we've already seen from Nvidia, where they're just exploiting the lack of supply?

That's a 90% uplift since the original pricing, in a market that is already showing signs of seizing.

With Apple offering leasing options, CXMT knee-capping Samsung, all of the big tech players on a run to outspend on CapEx by the end of the year..

We're at a point where local models are exceptionally capable, model-on-silicon dies like Taalas (recently acquired by AMD) may be cutting inference cost substantially for the 90% of work we do day-to-day (similarly Alibaba's T-Head division with open-model-forward inference chips being produced domestically in China).

If we shifted all of the design/planning to cloud models like Fable 5/Sol 5.6 Ultra, and day-to-day operational inference to these chips -- it's quite likely we'll squash usage to single-digit percentages of what we're currently using. But we should also expect the model providers to take a similar approach.

In any case -- I'm keen on demand destruction, both as a consumer and someone without skin in the game.