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AI star startup buys Nvidia GPU, valuation doubles in a few weeks, but spends 17 times more than it earns
In the AI industry, especially in the field of generative AI, the rapid development of technology and the broad prospects of application have attracted a lot of investment and attention. However, the high cost of this field has also caused widespread discussion in the industry. Recently, a report in the Wall Street Journal pointed out that companies in the AI industry spend 17 times their revenue on purchasing Nvidia GPUs, which is a shocking figure and has also triggered in-depth thinking about the future development of the industry. AI startup Cognition Labs, backed by well-known investor Peter Thiel, is seeking a valuation of $2 billion, and its valuation…- 1.3k
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