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The AI bubble could burst — and take the economy with it - The Boston Globe (www.bostonglobe.com)
submitted 2 months ago by to c/technology@lemmy.world
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cross-posted from: https://lemmy.world/post/50104484

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[–] 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.

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  • [–] 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.

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