WSJ: The AI industry spent 17x more on Nvidia chips than it brought in in revenue [N]

> ...
> In a presentation earlier this month, the venture-capital firm Sequoia estimated that the AI industry spent $50 billion on the Nvidia chips used to train advanced AI models last year, but brought in only $3 billion in revenue.

Source: [WSJ](https://www.wsj.com/tech/ai/a-peter-thiel-backed-ai-startup-cognition-labs-seeks-2-billion-valuation-998fa39d) (paywalled)

advanced advanced ai ai industry ai models billion capital chips industry machinelearning nvidia nvidia chips presentation revenue sequoia train venture