Chip Supply and Capex Shape Who Wins the Next Model Cycle
Access to accelerators is still strategy. Cloud credits help — until they don’t.
Compute scarcity is quieter than last year but not gone. Hyperscalers prioritize large customers; startups scramble for reserved instances and secondary markets.
That dynamic favors companies that optimize inference ruthlessly — distillation, speculative decoding, and smarter caching — over those that only scale parameters.
India’s public compute initiatives aim to blunt this bottleneck for researchers and MSMEs. Delivery timelines will decide whether that promise becomes a moat or a press release.