That’s the chant, what they are really doing is playing futures on trying to eliminate the consumer market over the much more profitable service market. For that, they need to reserve data centers near you, they need to make it impossible for you, your business, and your schools to get decent PCs, and they have an actual use for all the memory and processing power they are hoarding. Oh, and you will pay for the AI bubble popping while they “make it up to us by reworking AI infrastructure into cheap cloud services” whose benefit to us will be replaced by pure profit for them in a few decades from when it happens.
That’s the chant, what they are really doing is playing futures on trying to eliminate the consumer market over the much more profitable service market. For that, they need to reserve data centers near you, they need to make it impossible for you, your business, and your schools to get decent PCs, and they have an actual use for all the memory and processing power they are hoarding. Oh, and you will pay for the AI bubble popping while they “make it up to us by reworking AI infrastructure into cheap cloud services” whose benefit to us will be replaced by pure profit for them in a few decades from when it happens.