The AI industry spent 17x more on Nvidia chips than it brought in in revenue

Re:The AI industry spent 17x more on Nvidia chips than it br... by lesuorac on Sunday March 31, 2024 @08:59AM (#39883860)

> ... In a presentation earlier this month, the venture-capital firm Sequoia estimated that the AI industry spent $50 billion on the Nvidia chips used to train advanced AI models last year, but brought in only $3 billion in revenue.

> Source: WSJ (paywalled) [1]

I dunno, OpenAI's revenue is apparently 2+B [2] so I really doubt the whole industry is only 3B. Just googling "AI industry reveune" [3] brings up a lot of claims of market size (not revenue ...) being well beyond 3B.

There's probably some qualifier on the AI that is being lost here. It's not like Google's adverts have served for years by marketeers in cubicles... it's all AI.

[1]: https://www.wsj.com/tech/ai/a-peter-thiel-backed-ai-startup-...

[2]: https://www.reuters.com/technology/openai-hits-2-bln-revenue...

[3]: https://www.google.com/search?q=AI+industr+reveune

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Re:The AI industry spent 17x more on Nvidia chips than it br... by Jensson on Sunday March 31, 2024 @09:05AM (#39883906)

I think they mean the AI generated content market, there aren't many today who spend a lot on pure AI generated content, the big market is for human arrangements of AI generated content not the raw product.

[ Parent | on HN ]