That's only if Hyperscale AI doesn't prove to be a bubble. If AI ends up as regular software, it's a different story.

Basically, Hyperscale AI turned computing to a capital intensive industry, when it was a labour intensive industry before (which is why developers were so well paid). If that stabilizes as the new normal, then the meme is 100% true. If it turns out that after a certain point, throwing more hardware at the models doesn't really improve them AND things like quantization that turn LLMs/agents into software anyone can run on basic hardware, then we are in a different timeline.