anyone could make their own shitcoin and pull the rug on you. They owned it from start to finish, and could do anything they wanted with it.
The problem that AI poses to grifters is training and deploying your own AI is very cost-intensive.
At best they can make a chatGPT wrapper that grafts its own scripts and prompt to it. But they still pay for API, which is expensive, so it's difficult to price it for clients too.
And the best part is their graft is easily copyable. Anyone can then set an agent on their service and reverse-engineer the entire thing to use locally, for free.
I turned an online photo editor to fully offline (no ads and no telemetry mainly) and am starting to bring my own changes to it. All with AI. Took an afternoon.
It is certainly explainable.
OpenAI was given half a trillion dollars to 'develop' AI with. It's called project Stargate.
The first thing they did with it was wave the check around and promise to buy 40% of all wafers produced globally. Wafers are the precursors to memory chips. OpenAI doesn't need wafers; it needs working memory (either ram, Vram or SSD). They don't manufacture anything so they don't do anything with the wafers. They just don't want anyone else to have them because the competition can use the memory.
But capitalism does what it does, which is to chase profit, and ever wafer manufacturer was happy to get a piece of that half trillion dollars. It's no surprise that the first to abandon memory production were Micron (the company behind Crucial, which is the finished product division for consumers) and Sony, also producers of wafers.
There was never any guarantee written down anywhere that gpu prices would remain stable. That would actually be going against the laws of capitalism. If it hadn't been AI, it was going to be something else upsetting this balance.