Tomasz Tunguz · 28 September 2026 · Industry Analysis

How GPU Prices Can Double While AI Gets Cheaper

Tomasz Tunguz, MD @ Theory

GPU costs have doubled while AI inference prices plummet—a seeming paradox resolved by rapidly improving model efficiency that's outpacing infrastructure inflation, though the balance remains precarious as capital becomes more expensive and demand explodes.

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Topics: AI Infrastructure · AI (Horizontal)

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