Simon Willison’s Weblog

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$2 H100s: How the GPU Bubble Burst. Fascinating analysis from Eugene Cheah, founder of LLM hosting provider Featherless, discussing GPU economics over the past 12 months.

TLDR: Don’t buy H100s. The market has flipped from shortage ($8/hr) to oversupplied ($2/hr), because of reserved compute resales, open model finetuning, and decline in new foundation model co’s. Rent instead.