Every time I ask Claude to do something, it does it just fine. I never have to wait in any sort of queue that would be common in other kinds of shortages.
The hyperscalers are all so oversubscribed that they require commits from enterprises so if you only have a transient need you might be out of luck [from your vendor of choice]. Additionally, not all GPU service providers are equal. Semi Analysis has some great articles explaining why.
Pricing -- exactly where shortages show up in a free market economy.
No, rationing is what you get in command/centralized economies like the USSR. In free market economies you get price explosion, like we're seeing right now with DRAM wafers.
what I'm wondering: is there a shortage of compute in the current installed base? Why isn't the installed base of compute increasing drastically in price, and/or forcing me to wait in a queue to use it?
Have you looked at RAM prices lately?
Installed base is existing computers that already have RAM. Why aren't VM rental prices going way up?
like, I can rent a VM from AWS for the same price as 5 years ago...