AI startups fight ferociously just to earn the privilege of paying neo-clouds millions
mattturck · x · 2026-09-24
Investor Matt Turck notes the daily reality of AI startups: competing ferociously just to secure a compute allocation from neo-clouds — all for the honor of then paying those providers many millions of dollars. The observation underscores how scarce GPU allocation has become, with providers holding pricing power and startups forced to prove themselves before they can even spend.
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