Correct. The people that control the pot of money these labs ultimately need to survive seem increasingly unconvinced that giving these labs money is a good idea. At least at the levels the labs need to not go bankrupt.

Yep, i can't disclose specific numbers but we went from $X/month/person budgets to $X-100/month recently, and this is a pretty big company with ~5000 people. From what I can tell the pursestrings are only tightening further too, too little actual real-world benefit for the obscene spend

Reports indicate GPUs are increasingly being put on shelves in warehouses. There’s a scarcity of power and data centers to host them, but data increasingly suggests the world has an over supply of chips at the moment.

Like most “scarcity” scenarios things flip from under supply to massive oversupply real quick. Remember during COVID when lumber got stupidly expensive and then almost overnight folks couldn’t give wood away.