Rohan Paul@rohanpaul_ai · XAI 摘要
AI 经济学发生翻转：拥有自有算力的公司基础设施成本固定，收入随规模扩大。OpenAI 算力利润率从 35% 升至 70%，Anthropic 从 -94% 转正至 40%，物理电力已成为主要瓶颈。
Brad Gerstner （@altcap）： AI economics flipped： firms with owned compute keep infra costs fixed while revenue scales. OpenAI's compute margins rose from 35% to 70%， Anthropic went from -94% to +40%， and physical power is now the main bottleneck.