Yes, whenever I see the word 'trillions' I instinctively know that it's some kind of scheme. Nothing and no industry on this planet requires a trillion dollars to build or will ever be worth a trillion dollars due to competition and the value that competition brings.
It's clearly a plot to put more control of world finances into the hands of the US. Nations should not expose themselves to such risks.
I think there might be some giga infrastructure projects, but we are not politically ready to invest in those. And by giga-projects I mean multiple continent spawning networks of actual high speed rail and power networks.
The valuations and money flowing around are not necessarily relevant to today, but say something about future expectations. I think that LLMs and other tools will bring trillions in added value eventually.
Sure, but the question is would OpenAI be around to see the investment bear fruit after such a spend? In the 90's infrastructure companies (you know, the 'rock solid' infra companies who were going to be around forever) spent billions to lay a lot of dark fiber that was to be the future of the Internet, went bankrupt during the dotcom bust and then Google and other Internet companies gobbled up said fiber at fire sale prices. Of course it was the future of the Internet... just not for them.
On second thought... go for it, Sam! I'm looking for some powerful AI hardware at great prices...
the thing is you can't know if it's the right time, it's indeterminate. all you can do is go for it. usually the world will benefit, whether you win or lose
Nvidia itself had a sky-high valuation for many years and still do. People were always expecting exponential growth to kick in and make it all add up. Looking at their profit charts, it's currently happening [1]
maybe trillions in potential savings to the financial elite. Who are all we need to convince to get this ball rolling, unfortunately. The bigger question is how much the governmental powers will fight against this.
though even trillions is an exaggeration here. If they all collectively had 10m employees making 100k on average for 10 years, we're an order of magnitude off.
It's clearly a plot to put more control of world finances into the hands of the US. Nations should not expose themselves to such risks.