Ed Zittrain
👤 SpeakerAppearances Over Time
Podcast Appearances
Even if, I don't believe this, there was a chip in the future that was theoretically profitable.
Blackwell isn't.
Vera Rubin won't be.
None of the NVIDIA GPUs are clearly profitable for operators.
Otherwise, we would have someone making a profit.
Within the telecoms and dot-com bubble.
More money than they have spent.
NVIDIA, incredibly.
That's the thing.
NVIDIA memory stocks, they're all profitable because they're pre-selling a bunch of capacity.
Storage and servers and all that.
A vast majority, like the dot-com bubble, there was also much smaller than this as far as actual money being invested.
Venture capital was, I think, one round from Anthropic this year is bigger than all the venture capital that went in during the dot-com bubble.
I mean, even with inflation, it's still pretty close.
AI wrapper startups are all dying.
And also the way that they are raising and dumping money is not something that's creating any useful residue.