Comment by infecto

16 hours ago

What is a large mount of money to you, is not that significant to some of these companies. I suspect for the vast majority of these companies, it still represents a small expense. General sentiment is that there is probably overspending in the area but its better to spend it and not risk being left behind.

Half of NVIDIA's 2nd quarter revenue (30 billion) came from 4 customers, with Microsoft and Meta already having spent 40-60 billion each on GPU data centers (of which most goes to NVIDIA). "Open"AI just raised a few billion and is supposedly planning on building their own training clusters soon.

For a small fraction of that they could poach a ton of people from NVIDIA and publish a new open chip spec that anyone could manufacture.

https://www.fool.com/investing/2024/09/12/46-nvidias-30-bill...