Making Money Minute with Ron Hiebert - AI’s Circular Money
People are wondering where the profits will come from to justify the trillions being spent on AI infrastructure. Of the 100’s of millions of people who use AI, only 3% are paying customers. Right now lots of money is pouring in. ChatGPT is buying billions of dollars worth of servers from Oracle, who are buying billions of dollars worth of computer chips from Nvidia. How is ChatGPT paying for all this. From a 100 billion dollar investment from Nvidia of course. There are plenty of these circular deals moving money around the industry, but virtually no discussion of how any of this will generate enough profit to pay for it.
