This is a great article from Sequoia which argues the tech industry needs $600B in AI revenue to justify the money spent on GPUs and data centers.

OpenAI is the biggest AI pure play and is at $3.4B ARR. This feels like a bubble unless products worth buying show up.

There is no doubt that there will be a lot of money made from AI. The question is whether it will be enough to support a $3T valuation for Nvidia?

This is why replacing knowledge workers is the play. Anything else isn’t big enough.