I heard Nvidia overtook Apple as the most valuable company in the world today. Their insane growth has been driven by the need for GPUs to build data centers and models for companies like OpenAI, Anthropic, and Meta.

What I find interesting is that the CEO of Anthropic, Dario Amodei, wrote an essay where he stated that the next generation of AI will take somewhere around $100 billion to create. That’s a lot of money and it’s difficult to see the path from iterating on LLMs to get to “intelligence”. One very likely possibility is that companies like OpenAI run themselves into the ground chasing this fantasy.

All along the way, Nvidia will happily take their cash today selling GPUs who may go out in a burning blaze of glory burning the cash and energy to make the AI of tomorrow1. Regardless on your feelings of AI2, you gotta hand it to Nvidia for leaning into this and being a critical ingredient for all these companies: they’ll be the one left holding the bag.

  1. I did some freelance design with crypto startups a few years ago with Matcha Design Labs and the first question my dad asked was, “You’re getting paid in cash, right?” ↩︎

  2. It’s great for coding! It’s also morally bankrupt and can be unreliable. ↩︎