What’s happening is that Texas, a state largely owned by the fossil fuel industry, is trying to create demand in their state for that product by trying to attract energy intensive industries but then incentivizing them to power everything with gas.

If those incentives come from that taxpayer then this is a roundabout transfer of tax money to gas companies.

This is a bubble. AI just got hot a few years ago and it takes years for the semiconductor industry to design and produce new kinds of chips at scale. I expect tons of new chips to hit the market in 27 and 28. These will run models much faster with less power because they are designed for this specific use case.

Meanwhile there’s constant ongoing research on more efficient models and ways of quantizing them without performance loss.