None of the AI companies are making money, Nvidia is making some, but large amounts of it’s worth much like the other tech companies involved is fictional. All based on circular finance and buying through third parties to cover actual costs. It’s as corrupt as you can get.
Nvidia booked $63.7bn operating income last quarter, and the equity gains you’re thinking of are a separate $7.8bn line underneath that. AWS made $17.8bn operating profit and Google Cloud $11.1bn in the same period, off customers who actually paid.
There’s nothing illegal or corrupt about Anthropic purchasing compute from SpaceX.
None of the AI companies are making money, Nvidia is making some, but large amounts of it’s worth much like the other tech companies involved is fictional. All based on circular finance and buying through third parties to cover actual costs. It’s as corrupt as you can get.
Nvidia booked $63.7bn operating income last quarter, and the equity gains you’re thinking of are a separate $7.8bn line underneath that. AWS made $17.8bn operating profit and Google Cloud $11.1bn in the same period, off customers who actually paid.
There’s nothing illegal or corrupt about Anthropic purchasing compute from SpaceX.