I think it's like the California gold rush. Anybody and their brother can go out and dig, but the real money is in selling the shovels.
replyMore like they’re leasing away deeply discounted steam shovels at below market rates and somehow expecting to turn a profit doing so.
replyThe real profits are the companies selling them chips, fiber, and power.
I don't think this is the case, because the AI companies are all just shuffling around the same 300 million or trillion to each other.
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