Michael Nadeau

And there's like so much demand for the compute itself that there's no like, I don't think there's a glut of supply here just yet.

Yeah, I agree.

And then, you know, what's the next phase of demand potentially?

You know, we should start to see more sophisticated agent type products come out and start to really start to do more stuff.

So we'll see.

I think the real important thing is like the models have to keep improving and keep getting people excited.

And then, you know, obviously the demand just has to be there.

And if that continues, then I think this can just keep going, you know, for a while.

But we know that like,

Just to me, the reason these types of cycles rhyme is just more related to like human behavior, FOMO, chasing things, chasing narratives.

And like there's usually just not like a clean sort of like adoption to these things.

It tends to be lumpy, kind of all at once.

And then and then we have to sort of reset.

I think that's why Carletta Perez's framework has largely held for almost every major technological advance and that we just we throw too much capital at the problem.

We waste a lot of capital.

There's some sort of a reset at some point.

And then you kind of go into like the golden age of the technology.

It would be very rare, I think, to just not have a reset at some point.

And that's like, I think, really hard to project because there's an element of this that's actually...

related to like you know geopolitics and like just positioning like we're kind of in a race with other countries you know in terms of security national security all of these implications and like