Wu Says learned that Tether CEO Paolo Ardoino posted on X, stating that major AI companies are currently subsidizing computing power to increase user scale, but face pressure from rapid depreciation (3-5 years) of infrastructure capital expenditure (Capex). Ardoino pointed out that the current AI industry suffers from multiple mismatches in token prices, profit timelines, and capital cost durations, and that open-source AI is capturing an increasing share of the market. He questioned the commercial sustainability of such high infrastructure investments.