Investors love AI, as long as you’re a cloud host

# The Money Behind AI: Cloud Companies Are the Real Winners Amazon and other cloud companies are spending enormous amounts of money building the massive computer systems that power AI tools like ChatGPT, and investors are happily funding it because these companies will make money by renting out that computing power to everyone else who wants to use AI. Rather than betting on individual AI startups, investors seem more confident about companies that provide the underlying infrastructure—similar to how the picks-and-shovels sellers profited during the gold rush. This suggests that while AI is hot, the real financial opportunity may be with the companies that own and operate the hardware that makes AI possible.