The real story isn't the AI arms race—it's the infrastructure tax becoming unbearable. AMD's move to fuse Cerebras into their stack for efficiency gains, Trump's data center power plays, and the constant optimization churn in llama.cpp all point to the same problem: raw compute scaling has hit a wall, and now everyone's scrambling to squeeze more performance per watt. The flashy stuff—video generation, 3D VLMs, ChatGPT predicting football seasons—gets the headlines, but the hardware market's actual inflection point is efficiency. Watch companies betting on inference optimization (not training rigs) and power-conscious architecture partnerships; ignore the "kill switch" theater and the malware hype (inevitable, not directional).