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daxfohl 2 hours ago

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.

koolba 41 minutes ago | parent | next [-]

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.

fao_ an hour ago | parent | prev [-]

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.