alt Hacker News> AI companies would literally need the entire world as their TAM, using their services non stop to justify the valuations and level of expenditures we are seeing. What you describe is literally the symptoms of a bubble
That’s not true. Apple alone is valued higher than the largest three AI companies combined.
I don't see how that's related. Apple has high margin on the hardware they sell, extremely optimized logistics, they offer a whole ecosystem of hardware and services. They are in a completely different line of business than AI vendors