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by al2o3cr 294 days ago
When they sell GPUs, they get money immediately which they can spend to make more GPUs

If they hoarded GPUs, they'd then need to figure out how to make "winning AI" produce money - which nobody has done yet. In the meantime, they'd need additional outside money to keep running operations.

They already face plenty of risk (eg long payoff times for capital investments in fabs etc), why would they take on more?