"The Americans are deploying a trillion dollars next year," Mensch said. "The one who controls the chips, who controls the electrons, who has massive access to energy — that's the one who wins."

The GPUs are used for so little time that this might as well be considered opex rather than capex. Not a good competition to be in.

Just wait 3 years and current gen chips are obsolete already.

Invest this money in renewable energy right now and we can have cheap AI in a few years time after the big American players run out of monies and Chinese competition for the chips has caught up to Nvidia.