ROI in the space is not complicated, their revenue is already insane. You just drive down costs with fixed capex (GPUs), that will continue to pay out over 5-10 years. These are growing pains, they need to make it past the GPU scarcity/ramp up phase.
What GPU scarcity? Unconnected GPUs are being hoarded by the oligarchy:
https://www.businessinsider.com/companies-hoarding-unused-ai...
The CFOs he is talking about are the enterprises who are spending big money on the tokens ; they are not seeing RoI ; not hyperscalers or frontier labs