That circle of money has leaks going to power, construction, electricity, water, etc. No one is making any profit off of this shit yet, and increasing users is only increasing their expenditure. Banks well only give so much leeway. They just posted a $20 bn loss, and postponed their IPO. They’re circling the drain. Cheaper competitors spring up daily
But the money is flowing in a circle, will it ever truly run out?
Is AI profitable?
The only people walking away right now with money are the hardware manufacturers.
TSMC is spending it, isn’t it?
That circle of money has leaks going to power, construction, electricity, water, etc. No one is making any profit off of this shit yet, and increasing users is only increasing their expenditure. Banks well only give so much leeway. They just posted a $20 bn loss, and postponed their IPO. They’re circling the drain. Cheaper competitors spring up daily
As ever, someone is profiting - be it power companies, Cemex, etc.
Selling shovels to gold miners, etc