Right – they can't argue for acceleration factored in their own value, if it's a property of the whole surrounding market.

IMO, US AI providers are not leaders in efficiency anyway, they're still running the original ~2010 playbook that led to LLMs ("What if we took ML researchers' work, but funded it at 50M/yr instead of 250k/yr?").

They're currently arguing for the continuation of that approach: Scale funding first, and the rest will follow. It is high-risk and WeWork-like, by nature.