AI cycle is entering its 'late-stage crypto' phase, argues investor: minor labs fade, startups pivot to GPU inference clouds
beffjezos · x · 2026-10-27
Investor beffjezos argues the AI cycle now resembles late-stage crypto: all but the top 3-4 'altcoin' model labs are becoming irrelevant, while most AI startups are pivoting into 'BTC reserve'-style GPU neoclouds selling inference. He hopes AI ends up with a better fate than crypto did.
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