Anthropic has reportedly raised funding at a valuation close to $1 trillion, and SpaceX may eventually seek a valuation near $2 trillion in its IPO. Obviously, one way to think about where things are going is to look carefully at where we are now.
About a year ago, I bought an AMD Ryzen AI Max+ 395 system with 128 GB of quad-channel LPDDR5x-8000 memory. Today, I can reliably run one of NVIDIA’s most capable open models, Nemotron 3 Super 120B A12B, locally. That is an extremely impressive model to be running on a personal machine.
Given the increasing efficiency of neural processing units, and the pace at which open models are becoming more capable, I believe we should be at least skeptical.