Redditsux
@Redditsux@lemmy.world
- Comment on The Value of NVIDIA Now Exceeds an Unprecedented 16% of U.S. GDP 1 week ago:
but that contradicts the great justification for capitalism: efficient markets. Monopolies are the exact opposite of efficient markets.
- Comment on The Value of NVIDIA Now Exceeds an Unprecedented 16% of U.S. GDP 1 week ago:
I want to make a clarification here before we all get too far ahead with “16% of GDP”. There are many things wrong with the way giant tech companies dominate their respective fields. However the value of a company does not equal its’ share of the GDP. GDP is the OUTPUT of a country in 1 year. It does not equal the value of all the private enterprises combined which is what this comparison is trying to do. What we want to compare then, is to take NVIDIA’s output in ONE YEAR and see how much of the economy it dominates. US GDP is ~ 30 trillion in 2025. Nvidia’s output or revenue for current fiscal year is ~ $200 billion. That’s 0.6% of the GDP. That’s far cry from 16%, by about 27 times less.
What we should be concerned are the size of the market cap of these giant tech companies dominating the total value of the stock market, as well as the monopolistic margins these companies enjoy. All of these contribute to the imbalances in the world we see today - in the economies, in the society and social structure, and in politics. Communism once rose two centuries ago in protest against the concentration of power in the hands of a few. A solution is needed to remedy the imbalances of today.
- Submitted 1 month ago to technology@lemmy.world | 33 comments
- Comment on Judge Rules Blanket Search of Cell Tower Data Unconstitutional: Judge says tower dumps violate the 4th amendment, but will let the cops do it this one time, as a treat. 6 months ago:
American court system has become a monkey court.
- Submitted 6 months ago to technology@lemmy.world | 5 comments
- Submitted 7 months ago to technology@lemmy.world | 19 comments
- Comment on Huawei says its AI phone has 'emotions' trained by DeepSeek 7 months ago:
Trump is just so fucking dumb. He is literally destroying the market for US products. In the past regardless of politics companies were independent of it, and foreign customers can rely on the companies to provide service with respect to rule of law, privacy, etc. The past US presidents refrained from fucking that up unless it involves transferring sensitive tech to unfavored nations. Now all the moves Trump does are endangering that.
The flipside is, once these Chinese products with Chinese OS invade the globe, every individual’s privacy is at risk, because we all know where China stands there.
- Submitted 7 months ago to technology@lemmy.world | 6 comments
- Comment on Grok Reveals Elon Musk Has ‘Tried Tweaking My Responses’ After AI Bot Repeatedly Labels Him a ‘Top Misinformation Spreader’ 7 months ago:
Is this response by Grok real? How does it have awareness that its responses are being tweaked?
- Grok Reveals Elon Musk Has ‘Tried Tweaking My Responses’ After AI Bot Repeatedly Labels Him a ‘Top Misinformation Spreader’www.mediaite.com ↗Submitted 7 months ago to technology@lemmy.world | 46 comments