Comment on Peter Thiel dumps entire Nvidia stake, slashes Tesla holdings amid bubble fears
dogs0n@sh.itjust.works 1 day agoI don’t doubt they’ll keep selling more GPUs, but AI certainly looks like a bubble that’s ready to burst with all the fake money going around in circles (assuming those diagrams are correct, which I assume they are).
Not the mention the lies that are keeping AI companies propped up, like AGI that will replace everything “in 3 months”. Pretty sure they missed that deadline already.
With the current “fake” money, lies and over-investment, something bad is surely going to happen unless someone steps in.
AI advances quite a bit each day, but I’m not sold on AGI becoming a thing any time soon, maybe even ever idk.
incompetent@programming.dev 1 day ago
I’m not familiar with those. Do you have one handy or maybe some keywords so I can look it up?
dogs0n@sh.itjust.works 1 day ago
Think this one was the one going around
Image
Not sure what you can lookup, probably stuff like “AI investment bubble”
This is probably a good resource (haven’t read it) en.wikipedia.org/wiki/AI_bubble (specifically look under
Speculation > Circular Financing, soz dunno how to link to a header)incompetent@programming.dev 1 day ago
I really appreciate the info. Yikes! This isn’t looking good.
Jhex@lemmy.world 1 day ago
The worst part is not JUST the circular investment making up basically all the new investment in the last few months… but the fact they are all based in impossible-to-deliver metrics.
So it is literally not a matter of “if” the bubble pops, it’s a matter of when the market speculators will no longer be able to hide it
sugar_in_your_tea@sh.itjust.works 1 day ago
All that shows is who the business partners are. Nvidia sells GPUs, AI companies buy GPUs, and companies buy products from AI companies. For example, Microsoft’s Copilot is based on OpenAI’s models. End customers buy products from companies that either do AI themselves or buy products from AI companies.
All you’re seeing here is how markets work. If it’s a bubble, it’ll likely impact those in the picture, but it’s not a bubble because of the picture.
dogs0n@sh.itjust.works 14 hours ago
From the wiki article:
Example: OpenAI buys gpus from nvidia. Nvidia invests in OpenAI with the expectation of them using the money to buy more nvidia gpus.
The hype of any company partnering with OpenAI right now is boosting stock values crazily. Look at the AMD partnership, they basically were given one of the largest stakeholder positions in AMD and given the chips they wanted because they paid AMD by boosting their stock with the hype of the partnership.
Yes if this bursts it’ll effect those in the picture, but we are also in the picture. If it bursts, who gets bailouts with public money? Who has to not buy things because it becomes too expensive?
There’s more to it than a simple picture. If the stock market crashes because of AI (or for any reason), we will all be effected (even just think about peoples retirement funds).
And final note, it’s not a bubble because someone made a graphic, they made a graphic describing how it could be a bubble.