Comment on Nvidia and OpenAI abandon unfinished $100-billion deal in favour of $30-billion investment

Jhex@lemmy.world ⁨1⁩ ⁨month⁩ ago

• givesomefucks@lemmy.world ⁨1⁩ ⁨month⁩ ago

  The problem is every CEO knows it’s a bubble, and all are just trying to kick the can down the road long enough they can get out with their money before it bursts.

  Everyone knows it’s going to happen. But to admit it would be career suicide, with the amount of money at stake for so many people, it might legit cost them their lives if they’re honest.

  Trillions and trillions of dollars that could disappear in the blink of an eye when stock prices hit zero.

  And when the big ones go to zero, there’s a very good chance it crashes everything because a few megacorps own everything.

  Ironically the real apocalypse AI is likely to cause, is some kind of Mad Max situation after the bubble bursts. Especially in America where necessary infrastructure like food supply is run by private mega corps, if grocery stores are empty for two weeks shit gets insane quick.

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  • Jhex@lemmy.world ⁨1⁩ ⁨month⁩ ago

    which is why a functioning government should keep this thinly veiled casino in check… but they are not and we will all pay for it

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    • givesomefucks@lemmy.world ⁨1⁩ ⁨month⁩ ago

      Silver lining: it’s gonna get bad enough we can start nationalizing shit as early as 2029 like FDR did after the great depression.

      If a candidate said:

      There should be no utilities monoplies by for profit companies

      Fucking 99.99% of voters would listen to anything else they had to say.

      There’s so many things that need fixed that everyone agrees on, we just haven’t had a candidate free of corporate influence.

      But the next Dem primary is a better shot than we’ve ever had. We just need to make sure as many people as possible vote in the primary.

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      • Jhex@lemmy.world ⁨1⁩ ⁨month⁩ ago

        Fucking 99.99% of voters would listen to anything else they had to say.

        After electing the orange pedo menace TWICE into office, I sincerely doubt this

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      • fruitycoder@sh.itjust.works ⁨1⁩ ⁨month⁩ ago

        I dont really want to nationalize anything for the next Trump to be in charge of

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  • monkeyslikebananas2@lemmy.world ⁨1⁩ ⁨month⁩ ago

    They are going to put everyone’s retirement into the money pile. Pull their money out and then shrug when it collapses. How could we have predicted this?

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• wewbull@feddit.uk ⁨1⁩ ⁨month⁩ ago

  Bubbles don’t burst for rational reasons. They burst because the lie can’t be held together any more.

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