My rule of thumb in these estimates:

"Always double the amount presented in these estimates"

This includes large construction projects, especially government run projects.

So I say 500 billion USD will be needed :)

Thanks grilledchickenw and xfour, fixed

Ali?

Not to mention that Google has infinite video data, scraping data (via Search), their own Quantum computers, their own TPUs, their own Cloud....

Gemini seems to suck majorly, I don't know why (it lies a lot and doesn't follow instructions) but I've been wondering about this too for a while

Part of me thinks that nobody wants to be the one that pops the bubble, so it's safer to just play along and throw in a few hundred billion here and there.

From watching talks by the various US think tanks (CSIS, CFR, Hudson, etc), the common theme whenever the topic of AI is brought up is that the US is in strategic competition with China where it essentially boils down to economic superiority where the idea is to have US technology spread globally and not China’s. Oh and military application of AI.

I have a hunch the hyper won’t slow down anytime soon if these groups who have the eyes and ears of the government are suggesting to go full steam ahead in the technology.

what else is there to invest in?

AI is currently summoning market activity during what should be a recession. Now this bubble isn't only filled with hot air, it's also filled with sewage.

Short-term gains are great, though!

What they are seeing is insane user and revenue growth. It's that simple. ChatGPT has like a billion users, and it came out 3 years ago. And then AI is getting better every year in a way that internet companies like Google or Facebook didn't. Google peaked very early in terms of usefulness, then it just spent decades monetizing it. AI is not even funded by ads, people are actually paying for it. It's really hard to get people to pay for something. I don't know if the investors will get a nice return, but given the numbers they're seeing I understand why they're doing it.

FOMO must play a massive role in it.

My theory is they will keep funding it until IPO then cash-out.

> What do these investors know that we don’t?

That they can shake a lot of fools' money before the eventual crash happens.

The EU also has rampant inflation even though we have no AI sector to speak of.

It seems to me they have realised they can continue printing money to keep stealing from us forever and nobody seems to care.

More likely, regulatory capture to prevent others from usurping their position and then using ads and the platform as a shopping portal.