:D
Investing in tooling so more people get on their stuff is direct return, but having yet another AI model is of little value aside from being a test bed for their AI tooling
Since the 2000s, they have been investing in tools designed to make their GPUs better for scientific work, and have been developing GPUs for those workloads.
https://fortune.com/2026/09/09/markets-agi-nvidia-singularit...
If it isn't AGI, it's at least something that shows that "AGI" is not a useful label. You wouldn't argue that we don't have Artificial General Flying because planes can't flap their wings.
Have you ever seen a bird? Lol
In any case that's kind of my point. The existence of small niches that bird are good at that planes can't do doesn't mean that we can't fly.
The existence of small niches like writing prompts and counting letters in strawberry that AI doesn't do doesn't mean that our jobs are safe.
People think "we don't have AGI yet because AI still can't do X, so we're safe from Y" without realising that Y doesn't really require X.
Nope, that was Fable.
As a result they never seriously pursued frontier research for open models - which could have easily absorbed any excess compute they planned for.
On the other side their customers are rapidly becoming their competitors and will happily eat up spare capacity at TSMC if nvidia can’t fulfill its obligations.