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cm0002@sh.itjust.works to United States | News & Politics@midwest.social · 18 hours ago

Nvidia’s $100 billion OpenAI investment raises eyebrows and a key question: How much of the AI boom is just Nvidia’s cash being recycled?

finance.yahoo.com

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Nvidia’s $100 billion OpenAI investment raises eyebrows and a key question: How much of the AI boom is just Nvidia’s cash being recycled?

finance.yahoo.com

cm0002@sh.itjust.works to United States | News & Politics@midwest.social · 18 hours ago
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While not a huge fraction of Nvidia's revenues, circular deals raise the spectre of past technology bubbles.
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  • Hanrahan@slrpnk.net
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    3 hours ago

    Tbis is literally a ponzi!

  • plateee@piefed.social
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    14 hours ago

    Just crash already. I’m beginning to think all the talk of AI bubbles is just copium - and yes, I do believe the numbers it just feels like all of this shit is going to be around forever despite it being unsound.

    • Kairos@lemmy.today
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      14 hours ago

      The market can remain irrational longer than you can remain solvent.

  • PhilipTheBucket@quokk.au
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    14 hours ago

    As usual, Ed Zitron is about three years ahead of everybody and has a genuine factual answer to this question.

    • emmanuel_car@fedia.io
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      11 hours ago

      Wow, I’m only about 1/4 of the way through, this guy has laid out succinctly my sentiment towards AI, in a way I couldn’t put together myself. Is he A1?

      • PhilipTheBucket@quokk.au
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        2 hours ago

        He is just a human who can think for himself and put together coherent writing. As in all eras of humans, such a thing is rarer than you might think (and often uncorrelated with having a prominent platform, in a particularly upsetting way.)

  • SpruceBringsteen@lemmy.world
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    16 hours ago

    Newsflash: the entire economy is a snake eating its tail.

  • Corelli_III@midwest.social
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    16 hours ago

    they realized they could get away with selling a fake proof of work machine and then they realized capitalists would believe the same thing about “profits” and “growth”

  • the_q@lemmy.zip
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    15 hours ago

    200%.

United States | News & Politics@midwest.social

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