My guess is that the answer to your question, fantastic question, is that nobody knows. I remember having the same thoughts when Covid was first “arriving” if you will: we wanted people in the know to throw us a nugget of information, and they just didn’t know.
As it turns out, and what I’m kind of going with for this LLM shit, is that it’ll play out exactly how you think it will. The companies are all too big to fail, with billionaire backers who would rather commit fraud than lose money.
That's not fraud, and it's not sustainable. They aren't going to just keep doing that. It only makes sense if an AI company wants to pay for GPUs with stock, and - more importantly - the GPU company agrees to sell in exchange for stock.
As it turns out, and what I’m kind of going with for this LLM shit, is that it’ll play out exactly how you think it will. The companies are all too big to fail, with billionaire backers who would rather commit fraud than lose money.