Nvidia & OpenAI Commoditize Each Other

Nvidia is commoditizing their complements by using their GPUs as leverage, and OpenAI responds by leveraging their dominant userbase.

We are nearly 3 years into the AI boom, which was sparked by OpenAI releasing ChatGPT in November 2022.

Since then, an incredible amount of money has gone into AI, and Nvidia has unquestionably captured most of the profits. Since ChatGPT’s release, Nvidia’s quarterly net income has increased from $680 million to $26.4 billion, a 4,200% increase over just…