The AI industry spent $50 billion on chips from Nvidia to train AI in 2023 and brought in $3 billion in revenue.
@asymco @ivan3bx that’s how the tech industry operates. when the market is early, the belief is that you can’t ever have bottom line growth without first seeing top line growth. profit is distraction in the early days
the idea is illustrated clearly in The Innovators Dilemma — the first to disrupt is almost always the long term leader, so it’s absolutely worth operating at a loss while capturing the market