Steve Brown

Just because Anthropic desperately needed compute power and Elon had it and wasn't using it.

So yeah, at the moment, what I see is a sustained build-out for the next three to five years minimum.

And people just buying up everything they can get.

Now, the only thing that might break that

is a debt crisis because a lot of this is being funded.

But revenues are coming up now.

You see Anthropic actually making money for the first time.

And part of that is we're moving from an all-you-can-eat pricing structure to pay-as-you-go for tokens.

Yeah.

And that shift, I think, is going to make these companies pretty profitable and enable them to keep that investment cycle going.

So we'll see.

But at the moment, it looks like we're on a sustained build out for quite some time.

Some of it is I think they feel they have no choice but to invest because their competitors are investing.

And so it's a, you know, mine's bigger than yours thing.

But they also, they see this sustained demand.

You know, we don't have robots really in our lives yet.

But if you put a robot into every home in the world, you know, we're heading towards a world, and these are not my projections, but others, of between 3 and 10 billion robots by 2040.

You know, they all need brains.

They all need to be connected to the cloud.

They all need AI.