👇 This is an incredible admission by Jensen Huang. Effectively he is saying that AI, for all the hype (some from himself) wasn’t really useful until late 2025. Let that sink in. This means practically everything everyone said before was more or less bullshit. And it raises a question: *how useful* is it now, and how much it that utility worth? $10B a year? $50B? It can’t just be a little useful to justify the trillions in infrastructure. It has to maybe be the most lucrative technology that ever existed to justify those investments. So far it ain’t even close to that.

@GaryMarcus Maybe they are making big investments now (and made big investments in the past couple of years) because they expect it to be useful in the future? Investments are forward-looking almost by definition.

@binarybits sure but the math ain’t mathing

@binarybits @GaryMarcus Investments are also a form of gambling. In this case, they require probably the biggest returns ever in terms of raw monetary value.