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46 points

The problem is the bulk of it is going to Nvidia.

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9 points

Well probably not just Nvidia but the next likely beneficiaries are in the same range (Microsoft etc.)

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2 points

The money goes to Microsoft/Google/Amazon/etc, which they goes to Nvidia.

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1 point

They buy the hardware once then sell services based on it.

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24 points

Don’t forget all the fuel burned for electricity to power it!

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