Yeah, I think DRAM is almost certainly the future, just in terms of being able to afford the memory capacity to fit large models. Even Cerebras using a full wafer only gets up to 44 GB of SRAM on a chip (at a cost over $2M).
An interesting twist is that this DRAM might not need to be a central pool where bandwidth must be shared globally -- e.g. the Tensortorrent strategy seems to be aiming for using smaller chips that each have their own memory. Splitting up memory should yield very high aggregate bandwidth even with slower DRAM, which is great as long as they can figure out the cross-chip data flow to avoid networking bottlenecks
An interesting twist is that this DRAM might not need to be a central pool where bandwidth must be shared globally -- e.g. the Tensortorrent strategy seems to be aiming for using smaller chips that each have their own memory. Splitting up memory should yield very high aggregate bandwidth even with slower DRAM, which is great as long as they can figure out the cross-chip data flow to avoid networking bottlenecks