🚨 Frontier AI companies are beginning to hit the compute wall

• Kimi paused new subscriptions after demand pushed capacity close to its limits

• Anthropic’s free Fable 5 access ends tonight, with continued use moving to paid credits

The bottleneck is no longer only model intelligence.

It is: • Enough chips to serve users • Enough infrastructure to collect live information • Enough revenue to pay for inference • Enough capacity to include flagship models in normal subscriptions people will pay for ($20/$30 plans etc)

The next AI leader may not simply be the company with the smartest model.

It may be the company capable of actually serving it at scale through being efficient or having cheap powerful models.

Who will lead the next year of AI?