▲ 378 ▼ The AI bubble could burst — and take the economy with it - The Boston Globe (www.bostonglobe.com) submitted 2 months ago by FoxtrotDeltaTango@sh.itjust.works to c/technology@lemmy.world 125 comments fedilink hide all child comments cross-posted from: https://lemmy.world/post/50104484
[–] Doorbook@lemmy.world 14 points 2 months ago (4 children) I can burst it quick if I invest in Nvidia and AMD. permalink fedilink source hideshow 4 child comments replies: [–] TankovayaDiviziya@lemmy.world 10 points 2 months ago (2 children) AMD is an industry leader with a huge economic moat and I think they will be okay when the bubble pops. I'm not sure about Nvidia though, despite having superb chips, because the problem is they loaned to companies to buy their chips. So, Nvidia's finances will be strained because Jensen Huang created a ponzi scheme that could not repay or be profitable to itself. permalink fedilink source parent hideshow 2 child comments replies: [–] cantstopthesignal@sh.itjust.works 8 points 2 months ago* (last edited 2 months ago) (1 child) Not really a ponzi, more like circular financing. Nvidia exposed itself to the AI bust for no reason other than to keep the money flowing to buy their chips for a little longer. They were selling shovels in a gold rush and screwed it up by letting people finance the shovels. They're not in the finance business, they're in the chip business. permalink fedilink source parent hideshow 1 child comment replies: [–] A_Random_Idiot@lemmy.world 5 points 2 months ago nvidia gives a trillion dollars to AI, AI buys a trillion dollars of future, currently unmade video cards to run the AI, nvidia gives AI another trillion dollars, AI buys another trillion dollars of unmade future cards, etc etc etc. Its the biggest, highest energy economic ouroborus I've ever seen. I cant see how nvidia survives the pop, and quite frankly, I'd be glad to see nvidia die. its been dragging the GPU market in bad directions for a decade+ now and I think it'd be better to be free of its influence.. and it'd open the door to new players to step up and competition again. permalink fedilink source parent [–] mobyduck648@lemmy.world 3 points 2 months ago I’m usually a rationalist but nothing can convince me that Sod’s Law isn’t somehow baked into the structure of the universe. permalink fedilink source parent
[–] TankovayaDiviziya@lemmy.world 10 points 2 months ago (2 children) AMD is an industry leader with a huge economic moat and I think they will be okay when the bubble pops. I'm not sure about Nvidia though, despite having superb chips, because the problem is they loaned to companies to buy their chips. So, Nvidia's finances will be strained because Jensen Huang created a ponzi scheme that could not repay or be profitable to itself. permalink fedilink source parent hideshow 2 child comments replies: [–] cantstopthesignal@sh.itjust.works 8 points 2 months ago* (last edited 2 months ago) (1 child) Not really a ponzi, more like circular financing. Nvidia exposed itself to the AI bust for no reason other than to keep the money flowing to buy their chips for a little longer. They were selling shovels in a gold rush and screwed it up by letting people finance the shovels. They're not in the finance business, they're in the chip business. permalink fedilink source parent hideshow 1 child comment replies: [–] A_Random_Idiot@lemmy.world 5 points 2 months ago nvidia gives a trillion dollars to AI, AI buys a trillion dollars of future, currently unmade video cards to run the AI, nvidia gives AI another trillion dollars, AI buys another trillion dollars of unmade future cards, etc etc etc. Its the biggest, highest energy economic ouroborus I've ever seen. I cant see how nvidia survives the pop, and quite frankly, I'd be glad to see nvidia die. its been dragging the GPU market in bad directions for a decade+ now and I think it'd be better to be free of its influence.. and it'd open the door to new players to step up and competition again. permalink fedilink source parent
[–] cantstopthesignal@sh.itjust.works 8 points 2 months ago* (last edited 2 months ago) (1 child) Not really a ponzi, more like circular financing. Nvidia exposed itself to the AI bust for no reason other than to keep the money flowing to buy their chips for a little longer. They were selling shovels in a gold rush and screwed it up by letting people finance the shovels. They're not in the finance business, they're in the chip business. permalink fedilink source parent hideshow 1 child comment replies: [–] A_Random_Idiot@lemmy.world 5 points 2 months ago nvidia gives a trillion dollars to AI, AI buys a trillion dollars of future, currently unmade video cards to run the AI, nvidia gives AI another trillion dollars, AI buys another trillion dollars of unmade future cards, etc etc etc. Its the biggest, highest energy economic ouroborus I've ever seen. I cant see how nvidia survives the pop, and quite frankly, I'd be glad to see nvidia die. its been dragging the GPU market in bad directions for a decade+ now and I think it'd be better to be free of its influence.. and it'd open the door to new players to step up and competition again. permalink fedilink source parent
[–] A_Random_Idiot@lemmy.world 5 points 2 months ago nvidia gives a trillion dollars to AI, AI buys a trillion dollars of future, currently unmade video cards to run the AI, nvidia gives AI another trillion dollars, AI buys another trillion dollars of unmade future cards, etc etc etc. Its the biggest, highest energy economic ouroborus I've ever seen. I cant see how nvidia survives the pop, and quite frankly, I'd be glad to see nvidia die. its been dragging the GPU market in bad directions for a decade+ now and I think it'd be better to be free of its influence.. and it'd open the door to new players to step up and competition again. permalink fedilink source parent
[–] mobyduck648@lemmy.world 3 points 2 months ago I’m usually a rationalist but nothing can convince me that Sod’s Law isn’t somehow baked into the structure of the universe. permalink fedilink source parent