Comment on Is the AI Conveyor Belt of Capital About to Stop?
melfie@lemy.lol 4 days ago
Nvidia announced that it would invest $100 billion into OpenAI, OpenAI announced that it would pay $300 billion to Oracle for computing power, and Oracle announced it would buy $40 billion worth of chips from Nvidia.
I can’t help but feel like we both just ate shit for nothing." “That’s not true”, responded the second economist. “We increased the GDP by $200!”
scarabic@lemmy.world 3 days ago
Is anyone going to talk about how the amounts don’t remotely match up? If you just cancel them all out, you still get Open AI buying $160 billion in Oracle compute.