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this post was submitted on 19 Jan 2024
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"spend billions" does not equal "hand over cash and take home GPUs". It'll mean a contract worth that amount with delivery terms defined over time. Even over the course of a year there's likely to be newer product than Lovelace.
When you get product you pay for it. Spending means paying for it. You may have a contract for future product, but you don't pay for the future product in advance as SOX rules kick in. Commonly, a chip development cycle can be at least 10 months.