I don’t we’re at the “companies bought too many GPUs” stage yet. My understanding is they still can’t get enough GPUs, or data centers to put them in, or power to run them. Most companies don’t even own them, they rent from the clouds.

We are, however, at the “we need an AI strategy” stage, so execs will throw anything and everything at the wall to see what sticks.

They can't get enough GPUs right now, with VCs pumping money into them, but that can very quickly turn into "we're out of money, what do we do with all these GPUs?"