How ASI Expectations Alter Capital Tolerance
JasonBotterill · x · 2026-07-19
This reply discusses a common market sentiment: as long as people believe **ASI is very close**, capital will be willing to accept **negative gross margins** because they are betting on massive future returns rather than current book profits. The author adds that the current **inference gross margin is still around 70%**. Even if inference becomes a negative margin business in the future, capital may continue to pour in, as it is viewed as the closest path to AGI/ASI.
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