It's once again a market where there's morbillions of money being invested but no money is being made yet. The next few years will show whether AI becomes established in e.g. large enterprises who use it as part of their daily business. But there's a lot of competition and wishes to cut costs as well so profit margins will dwindle.

I also think most hardware expenditures done today will lose their value quickly; as we saw with crypto, hardware manufacturers will make specialized hardware so the cost/performance ratio will go down by at least 90% within a few years, possibly more.

The profit is in the stock price rising, not the actual revenue. They need stories to keep the stocks going up.

I mean, it's obviously that they think they're going way beyond LLMs to get to something that is profitable, like some ultimate goldmine of intelligence. But if they miss that target by a hair or two, can we buy some of that RAM? I'd like my next MacBook not to cost $10,000.