Retail investors can't buy frontier labs, so they bought the next best thing. SF Compute's @Ethan_is_online on what happens to that trade when frontier labs goes public: "When I look around for this, I'm like where might a bubble happen? Most of this I think is downstream from model capabilities. So if the models keep getting better, there will continue to be demand for compute." "In the public markets, it might be a little bit different. You get a lot of retail investors who are super…