Over the last three years, companies worldwide have invested between 30 and 40 billion dollars into generative artificial intelligence projects. Yet most of these efforts have brought no real business…
The shovels/pickaxes in this analogy are the gpus and it has propelled nvidia to become the most valuable company on earth because they are the only ones actually making a profit. OpenAI and all the other ones on the other hand are burning cash by the billions with little return selling a collective delusion.
The shovels/pickaxes in this analogy are the gpus and it has propelled nvidia to become the most valuable company on earth because they are the only ones actually making a profit. OpenAI and all the other ones on the other hand are burning cash by the billions with little return selling a collective delusion.
https://www.wheresyoured.at/ai-is-a-money-trap/