Development of models “slowing down” doesn’t really impact the markets today imo because AI has not been fully integrated in many places.
Even with the current models, compute demand will increase substantially because of this.
Bullish $IREN
We’re sharing a solution to the Navier-Stokes Millennium Prize Problem, one of the deepest problems at the frontier of mathematics.
The proof was produced by a group of agents, using an OpenAI next-generation model significantly more capable than GPT-6 Astra.
The problem concerns whether the description of smooth three-dimensional fluid motion modeled by the Navier-Stokes equations can break down. It has remained unresolved for roughly 90 years.
BREAKING: $NBIS CEO Arkady Volozh
FOR CUSTOMERS WITH AN IMMEDIATE TIME, THEY ARE READY TO PAY A SIGNIFICANT PREMIUM. WE’RE NEGOTIATING DEALS FOR $40 TO $50M PER MEGAWATT RANGE, AND SOMETIMES ABOVE.
$40 TO $50M
My thoughts on $SPCX and Elon Musk announcing they will exclusively build with Nvidia chips, and what it means for $IREN:
It's clear that $NVDA's Vera Rubin will be the best chip produced at scale for the foreseeable future.
With the current chip shortage, being ahead in the "queue" for chips is vital. What determines that position is still an open question, but I would argue this sort of "pledge of loyalty" helps a bit.
$IREN already has an Nvidia exclusive deal with Sweetwater 1 which is 1.4GW of capacity. Sweetwater 1's substation is already energized on ERCOT. Newest-gen chips sitting in ready power is what lets you charge more per MW.
On the downside, now $SPCX is jumping the "queue" and competing with $IREN in this sense. They are targeting 2GW of compute by year-end and closer to 10GW by the end of 2027, which is a serious claim on Vera Rubin supply. And it isn't only the chips. $SPCX is building in Texas too, so they are competing for the same transformers, turbines, and electricians.
$IREN's management has shown phenomenal foresight in the past, and securing power years ahead of this crunch is another example of it. Today's news makes that head start more valuable, not less. This is one of the main reasons I am an $IREN shareholder.
Long $IREN. Personal views, not investment advice.