I Drink Your Milkshake

The architects keep telling us the architecture isn't there yet. They're right. They also just bought every operator a window. The buyers panicking about AGI in two years are the buyers who got handed Cameron Frye's father's Ferrari and are afraid to take it out of the garage.

Last night the hyperscalers committed three-quarters of a trillion dollars to scaling LLMs. Yesterday, the man who built AlphaGo raised a billion to bet against scaling — with checks from the same investors funding the hyperscalers. The smart money is hedged. The retail money is paying full sticker.