still spending billions

From the «AI might be a scam, people» department:
Title: Despite Wall Street jitters, AI hopefuls keep spending billions on AI infrastructure
Author: Tobias Mann
Date: Tue, 25 Feb 2025 02:29:51 +0000
Link: https://go.theregister.com/feed/www.theregister.com/2025/02/25/shaking_off_wall_street_jitters/

Sunk cost fallacy? No, I just need a little more cash for this AGI thing I’ve
been working on

Comment  Despite persistent worries that vast spending on AI infrastructure may
not pay for itself, cloud providers, hyperscalers, and datacenter operators
have continued to shovel billions of dollars into ever-larger GPU clusters.…