AI Industry's $50B Spending Yields Only $3B Revenue, Resulting in $47B Loss

BURKOV@burkov

2 years ago

"In a presentation earlier this month, the venture-capital firm Sequoia estimated that the AI industry spent $50 billion on the Nvidia chips used to train advanced AI models last year, but brought in only $3 billion in revenue." - WSJ (paywalled so no link)

'In a presentation earlier this month, the venture-capital firm Sequoia estimated that the AI industry spent $50 billion on the Nvidia chips used to train advanced AI models last year, but brought in only $3 billion in revenue.' https://t.co/bfjp457SUP

Aakash Gupta@aakashg0

2 years ago

- $50B spent on Nvidia chips + $3B revenue —————————————— -$47B profit in AI industry AI is not so profitable yet. Just wait. https://t.co/5ObX3b6KME