Comment on NVIDIA CEO Huang urges faster AI development—to make it safer

• spudwart@spudwart.com ⁨10⁩ ⁨months⁩ ago

  This is precisely why they’re panicked. They’ve just had record stock numbers, record income, record everything. This system depends on constant growth. They need to keep that growth going or the shareholders will pull out, and it will cause their stock to crash.

  This all built up just like the Crypto-Rush of 2020-2021. Which you can see in the chart. It went up, peaked, and then dropped when crypto crashed. They’re betting big on AI, when it turns out AI isn’t as profitable as they thought it would be, it will crash also.

  source

  • misk@sopuli.xyz ⁨10⁩ ⁨months⁩ ago

    You seem to change narrative / move goalposts with every response.

    Nvidia is okay, nobody expects another 1000% stock price increase. Crypto mania is a faint memory when looking at the profits from ML. They can’t keep up with demand to the point of partially dropping some market segments. Their customers will keep gobbling up hardware for foreseeable future because there are legitimate uses for it and data scientists / engineers will keep processing larger and larger datasets.

    If anything, they’re likely scared of competition from big tech players doing custom chips. Amazon, Google, Microsoft all sell cloud computing resources and already do own sillicon design. They’re definitely looking to have piece of that “AI” pie too.

    Nvidia puts out sleazy statements like the one I’ve linked to nudge regulators to make that pie even bigger.

    source

    • spudwart@spudwart.com ⁨10⁩ ⁨months⁩ ago

      A top dog position is a slow & steady growth or consistent government backing. Sharp growths like they have been having consistently lead to crashes. They don’t need to even have a loss, they just need to under-perform for their next quarterly projections.

      My pointing out cryptomania was not for the fact that Crypto is why they failed. It’s that Crypto gave them market boost, followed by a crash when crypto began to crash. This crash wasn’t explicitly because crypto crashed, it was because their projects weren’t met as a result of crypto’s crash. Crypto doesn’t need to be involved for their projections to falter. They can be ahead, and be winning the game today. But that doesn’t make them Top dog. Top dog is stable, top dog doesn’t sit at the precipice of another crash.

      Their entire system is built upon pump & dump style investments as a result of the crypto era. They chase quick and easy money. But every time it results in a steep crash afterward. This will be their undoing because this will hurt their reputation, as it already has. The quest for more money, comes at the expense of everything else.

      Top dog doesn’t need to worry about reputation in the long run, because they’ll maintain their place in the long run. An aware front runner will make note of their position and act accordingly. Nvidia is a front runner, planning like a top dog, acting like a front runner.

      They are panicked, because they’re not Microsoft, Google, Amazon, IBM or Oracle. They don’t have a decades long presence in the economy that if they go under, everyone goes down with them.

      These top dogs don’t even need to worry about their stocks because they will get bailed out. Nvidia is banking on the idea that they’re just as needed. But if they really were just as needed, they wouldn’t have to peacock or nudge. They’d just have to threaten that they’re going to go under, and governments would panic in fear of an economic collapse.

      This is a gamble, and one they will lose. Their decision to divide their position and go after lottery tickets, both in the stock market and in regulations will be their undoing.

      If they were needed, they wouldn’t have any need to look needed.

      source

      • misk@sopuli.xyz ⁨10⁩ ⁨months⁩ ago

        lol

        source