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We need a step change in the amount of silicon chips produced. This situation has been going on now for over 2 decades, initially bitcoin but ever since various high compute scenarios keep causing GPU shortages and now RAM and storage as well. This one isn't likely to go away anytime soon so we need a drastic increase in production to bring pricing down to reasonable levels.

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It is not going away any time soon, but when it does it will be sudden and have a massive drop in demand.

It was pure coincidence that the AI-craze neatly followed the crypto-craze (many neo-clouds in the AI space were originally crypto miners).

Not exactly a coincidence. You don’t get an AI craze without wide availability of GPUs for training. Not for a much longer time.

I dunno, I always thought the AI craze started from ChatGPT which, in turn, was mostly driven by Google research papers.

Yes it would have costed them more to train the first few versions of ChatGPT if it wasn't for the crypto mayham, but it would still happen. The hardware was always available and still improving regardless of crypto or not.

Yeah of course it would have eventually happened but the GPU demand in crypto speeded it up, that's from Sergey Brin himself: https://www.trustnodes.com/2018/04/29/googles-founder-says-t...

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