What if the main reason why these AI corporations are buying up so much hardware is to prevent the consumers from buying hardware because they don't want people to be able to run local LLMs? They're afraid that their business models will collapse when people can use AI without paying them subscription fees, etc.
SomeOrdinaryGamers recently put up this video saying exactly that: their business models will collapse if people can run local LLMs on their PCs, laptops, smartphones, etc.