Note nVidia is the only in that list not making believe they’ll dig gold — it’s selling the shovels instead. And once you remove it from the data, it gets even more ridiculous:
spent: $1.2T
revenue: $240B
Revenue is 20%. It’s a hilarious fiasco.
The underlying tech is interesting, but that clearly does not justify the costs. And seriously I do hope most of that list gets bankrupt, including all GAFAM and nVidia. (They won’t, I know. But hey, one can dream.)
Note nVidia is the only in that list not making believe they’ll dig gold — it’s selling the shovels instead. And once you remove it from the data, it gets even more ridiculous:
Revenue is 20%. It’s a hilarious fiasco.
The underlying tech is interesting, but that clearly does not justify the costs. And seriously I do hope most of that list gets bankrupt, including all GAFAM and nVidia. (They won’t, I know. But hey, one can dream.)