Comment on Zig quits GitHub, says Microsoft's AI obsession has ruined the service
SkunkWorkz@lemmy.world 23 hours agoStock valuation of a company is not calculated int the GDP. Only domestic revenue is. There is no company that makes trillions in revenue.
OldQWERTYbastard@lemmy.world 22 hours ago
True, but Nvidia’s market cap is still equal to 15 percent of 30.486 trillion. What’s worse is that it’s ALL built on speculation.
This house of cards WILL fall.
wewbull@feddit.uk 22 hours ago
Nvidia is less speculation that the other companies mixed up in this. They at least sell physical goods which they’ve been shipping.
Microsoft, Google, X, Meta - Oh boy!
dustyData@lemmy.world 21 hours ago
They haven’t. Part of the reason the bubble is so bad is that NVIDIA has been giving credit incentives to openai. Essentially giving them money so they use it to buy NVIDIA chips, so they can claim higher sales numbers. But there’s no revenue. The AI bubble is 4 or 5 companies shuffling money to each other to inflate numbers so investors inject more money.
The only ones making bank are CEOs when they take their bonuses and cash outs. The companies themselves are bleeding. OpenAI needs something like $700 billion dollars more to survive until 2030. LLMs simply don’t make any money. Any savings from ai use has been from layoffs. It will all eventually crash out when it is obvious that AI use ultimately hurts revenue, no matter how much it saves in production.