> There is no end in sight to real AI frontiers.

That statement is broad enough to be unfalsifiable, but if you narrow it down just a bit to scaling LLMs, maybe there is an end in sight. At least financial markets are skeptical of there being no end in sight.

If scaling LLMs really was the road to God in a box, then compute demand would be infinite, and nobody building to meet that demand would have a junk debt rating. Did those money people just not get it?