Dispatch
Ben Thompson: The Cost of AI — Opportunity Costs Now Outweigh Marginal Costs as Compute Shortage Worsens
Stratechery's weekly analysis argues AI is ending the zero-marginal-cost era of tech economics. With worsening compute shortages, the real constraint is opportunity cost — every GPU-hour spent on one workload is unavailable for another. Thompson frames Amazon's $11.8B Globalstar satellite deal and hyperscaler capex as evidence that technology is becoming capital-intensive again, with the biggest loser potentially being 'the serially unfocused OpenAI.'
Source
↳ Follow the thread