new questions about the grid’s ability to manage. Yet again, we see this as one of the perpetual ‘a-ha’s’ of technology: costs fall, performance rises, and usage grows, all in tandem. This trend is repeating Costs Per Token Falling = Performance Converging + Developer Usage Rising139 Tech’s Perpetual A-Ha = Declining Costs + Improving Performance → Rising Adoption… Note: FRED data shows ‘Consumer Price 2020 2021 2022 2023 2024 0 10 20 30 40 50 60 70 80 90 100 140 …Tech’s Perpetual A-Ha = Prices Fall + Performance Rises Note: A petaFLOP/s-day represents the total computational work

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