All evidence points to the fact that the entire revenue structure of AI is based on companies like NVIDIA selling compute power to companies like META, OpenAI, Google and MS, and those four companies selling AI software back to companies like NVIDIA. It’s one giant insular bubble completely fuelled by VC and Private Equity money, and it will all burst. All signs point to a burst soon, especially since OpenAI and the like are trying to earn advertising dollars off their AI platforms by convincing users to engage with things like their AI web browser and search engine and to consume random content from Sora, all of which OpenAI wants to support via advertising. Which basically means they are just trying to get in on the ad revenue search and social media game, making them just another player in the already oversaturated cycle of forcing unwanted media on people and earning ad revenue off it that we are complete sick of anyway.
Oh and about Private Equity, which is backing all of these shenanigans:
‘Crazy, Right?’: More PE Funds Than McDonald’s Signals Pressure