Shares of US chipmaker Intel cratered on Friday, plunging almost 30 percent, the worst stock collapse in 52 years. The wipeout, analysts said, could be due to a massive slowdown in the PC market. The market softness shouldn’t come to anybody’s surprise, given the AI boom has made individual components, most notably memory and storage, practically unaffordable.
However, leaders of AI frontier labs aren’t blinking. To OpenAI CEO Sam Altman, for instance, having people run their own models at home on their own computers doesn’t make any sense anyway. During a recent interview on the Cheeky Pint podcast, Altman argued that ongoing memory supply chain woes were because selfish individuals wanted to run their AI models locally instead of leaving the remaining AI chips alone for hyperscalers to hoard in data centers.
However, leaders of AI frontier labs aren’t blinking. To OpenAI CEO Sam Altman, for instance, having people run their own models at home on their own computers doesn’t make any sense anyway. During a recent interview on the Cheeky Pint podcast, Altman argued that ongoing memory supply chain woes were because selfish individuals wanted to run their AI models locally instead of leaving the remaining AI chips alone for hyperscalers to hoard in data centers.