I had a realisation a while back that it wasn''t AI research/dev per se thats driving this, its Nvidia thats driving it.
DeepSeek proved that you don't *need* the the "hyperscale" datacenters to develop good-enough AI. (Theres a lot of conspiracy theories about how DeepSeek must have had secret spooky mega sized datacenters doing all this, but they published their methods and training sets, and people have reproduced it, and it all checks out, you really can do this shit on the cheap).
And thats bad news for NVIDIA which needs for AI to expensive to justify their capital outlay, sales projections, and irrational market valuation. Hence all the circular investment. Pump money into companies with the provisio they buy a whole bunch of compute that honestly probably isn't needed if AI companies actually started thinking about efficiency instead of scale.
So we're gonna burn down the amazon for NVDA share prices. Yay 2025.