AI bubble or boom? The fundamentals look surprisingly different this time

While it has some bubbly features, the underlying fundamentals, I would say, bear little resemblance to previous bubbles. The investment is financed primarily by historically profitable companies, like, very profitable companies that I had talked about. Debt has started to enter the picture. Cycle times have accelerated, which is good. But, you know, model we're we're closely monitoring the sort of cost of training and the economics of that whole equation. Right now, it seems pretty good. The paybacks for the big model companies that spend money on training models