alt Hacker NewsI 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.
Replies
fao_ • yesterday at 11:38 PM
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.
More like they’re leasing away deeply discounted steam shovels at below market rates and somehow expecting to turn a profit doing so.
The real profits are the companies selling them chips, fiber, and power.