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The relentless pursuit of faster, more efficient AI processing is fueling innovation in specialized hardware designed for rapid matrix operations. This hardware, driven by demands for performance, power efficiency, and low latency, has found applications beyond AI, influencing graphics and simulation. However, a crucial question remains: is the future of AI hardware dependent on continued incremental advancements in existing architectures, or will a revolutionary algorithmic breakthrough emerge, rendering current hardware designs obsolete? The debate originated on Reddit: https://old.reddit.com/r/artificial/comments/1o7fnvb/what_is_the_next_evolution_of_ai_targeted_hardware/.