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

Comments

• Jhex@lemmy.world ⁨2⁩ ⁨days⁩ ago

  so that’s a 70% downwards revision… but sure, iT’S nOt a buBBle!!

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  • givesomefucks@lemmy.world ⁨2⁩ ⁨days⁩ 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 ⁨2⁩ ⁨days⁩ 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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    • monkeyslikebananas2@lemmy.world ⁨2⁩ ⁨days⁩ 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 ⁨2⁩ ⁨days⁩ ago

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

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• peopleproblems@lemmy.world ⁨2⁩ ⁨days⁩ ago

  Heh. I asked at work what the plan was when these companies go bankrupt in the next 6 months.

  “We figure it out when we get to it.”

  Hahahahahahahahahaha. We’re so fucked when this bubble bursts.

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• baggachipz@sh.itjust.works ⁨2⁩ ⁨days⁩ ago

  🫧🫧🫧🪡

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• Stamau123@lemmy.world ⁨2⁩ ⁨days⁩ ago

  Can ram prices go down then?

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  • Valmond@lemmy.dbzer0.com ⁨2⁩ ⁨days⁩ ago

    Ram it down! By Judas Priest!

    Best album ever.

    /Sorry!

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    • ToTheGraveMyLove@sh.itjust.works ⁨2⁩ ⁨days⁩ ago

      Ram by Paul McCartney is good too!

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  • eleitl@lemmy.zip ⁨20⁩ ⁨hours⁩ ago

    I wonder whether we’ll see some of the networking etc. gear on eBay.

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• Damage@feddit.it ⁨2⁩ ⁨days⁩ ago

  Gamer’s nexus segment on this is kinda funny

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  • paraphrand@lemmy.world ⁨2⁩ ⁨days⁩ ago

    Does he say the same word over and over in a run on sentence to purposefully confusing for effect? It’s his favorite bit to do.

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    • paraphrand@lemmy.world ⁨2⁩ ⁨days⁩ ago

      I’m guessing based on the downvotes, he does.

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• panda_abyss@lemmy.ca ⁨2⁩ ⁨days⁩ ago

  This is the equivalent of playing “I’m not touching you” with a lit match and the skin of the Hindenburg.

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• silverneedle@lemmy.ca ⁨2⁩ ⁨days⁩ ago

  LET’S GOOOO, TO EARTH’S INNER CORE 📉 📉 📉 📉

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• 1984@lemmy.today ⁨2⁩ ⁨days⁩ ago

  In the mean time, people are trying to buy bread and pay for electricity. Nice.

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• CalcProgrammer1@lemmy.today ⁨2⁩ ⁨days⁩ ago

  This makes me happy, it sounds like it’s only a matter of time until this ridiculous company crashes and burns. Hopefully when that inevitably happens they’ll have to sell of their ill-gotten RAM surplus that they bought with fake money for pennies on the dollar to pay off their debts.

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• THE_GR8_MIKE@lemmy.world ⁨2⁩ ⁨days⁩ ago

  Good. This is a good sign. May the amounts ever become less.

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