Hard disagree, at some point investors are going to start asking these AI companies when they will be done burning cash and when the profits will start rolling in. Arguably OpenAI is already starting to see these concerns. If the US gets a new government at some stage there might be enough political will to draw a line in the sand with NVidia and tell them to stop manipulating markets. Finally there may be some pushback against datacenters literally killing the areas they are built in. What we are seeing is a fraud against the world originating from a group of hyper rich arseholes that may last a surprisingly long time, but eventually they will need to pay the piper.

I did have someone tell me this has all the hallmarks of the space race. We are going to see enormous amounts of efforts and resources thrown into AI only for these pioneers to realise there is no clear way to monetise at which point all that energy will be redirected, until then China keeps on egging the US on to make them increasingly commit more and more of their economy to a concept that is going to be a lead anchor on the country left holding the bag.