“Right now, if you took a B300 and you tried to run inference on it, you can make $40 an hour or so selling any model, basically. And so that's if you use it at 100%. And maybe if you only have like 50% utilization, so like $25 an hour. Meanwhile, you can buy B300s at like $5 to $6 an hour. One of these numbers has to change. It's a huge arbitrage.”

Well, we're more saying if there's a block of compute and it's approaching now, it can't be sold in the past. And so it has to drop its price in order to clear at some price. And so initially, you see this drop where stuff that's sold right now, anything that's on the market right now, is something that hasn't been sold. And so therefore, the price will drop. And then it goes up to where it wants to be. And then maybe compute in the future is worth less because people don't want, like, people would like the compute now. And so they're sort of paying for the shorter lead time. And they pay less for the compute that's off into the future. This is what I think a normal healthy curve looks like. The place where I'm like, oh man, no shit. Is that right now, if you took a B300 and you tried to run inference on it, you can make $40 an hour or so selling that any model, basically. And so that's if you use it at 100%. And maybe if you only have like 50% utilization or something, so like $25 an hour. So $25 an hour. Meanwhile, you can buy B300s at like $5 to $6 an hour. One of these numbers. Has to change. Yeah, it's a huge arbitrage.