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The original was posted on /r/machinelearning by /u/we_are_mammals on 2024-03-31 06:06:43.

… 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.

Source: WSJ (paywalled)