what ball? they're spending 100% of cashflow, taking out debt, and issuing stock.
so they're not conservative on capital investment, they're growing at 103%.
You cant:
1) win the personal agent (requires a vm for every user)
2) win cloud sales (requires selling your compute)
3) win model war (requires using your compute)
4) win the chip war (requires selling your tpu's themselvs)
Weirdly enough their issue is they're to small to fight every battle, MSFT+Nvidia+Meta+Oai+oracle is like 14T in market cap.
You cant: 1) win the personal agent (requires a vm for every user) 2) win cloud sales (requires selling your compute) 3) win model war (requires using your compute) 4) win the chip war (requires selling your tpu's themselvs)
Weirdly enough their issue is they're to small to fight every battle, MSFT+Nvidia+Meta+Oai+oracle is like 14T in market cap.