I am shocked! You mean all those announcements about doing this were real?
He’s basically spent the last few years bullying other companies in to buying up stock, even when they aren’t in a position to use it, otherwise they won’t get access to the next generation of cards. Abuse of market dominance writ large.
Someone has to know this. Where will these un-used GPUs eventually end up? Some random auction when these companies go bankrupt? In storage wars style auctions?
Can I buy some, not for profit, but to re-sell to people at cost and alleviate some of our suffering? Frankly, I’m tired of all the greed. No other motivation.
Likely they won’t be usable in home PCs. There is no upside to any of this, just a massive, heartbreaking waste of time and resources when we should be engaging climate change…
There are Chinese adapters for using some server GPUs in normal PCs. I guess, in China demand leads to supply.
It’s all going to be ewaste
Capitalism is the extraordinary belief that the nastiest of men for the nastiest of motives will somehow work for the benefit of all. - John Maynard-Keynes
May I ask a question that I could have Googled?
Who if John Maynard-Keynes?
Economist mostly known for the underlying theories (now called “Keynesianism”) that fixed the Great Depression. The laws based on his theories have been increasingly undone since the Reagan admin, leading directly to the 2008 financial crisis (look up the Glass-Steagall Act).
Not sure if the financing could get more circular.
I think this is past circular, it’s just a single line back and forth
As a Nasdaq ETF holder can I sue the pants off of Nvidia?
unsure, tbh. technically he did activate more money to chase his cards while keeping prices high for large-scale customers, so it would be really difficult to claim he did not act in nvidia’s best financial interest this particular time. sure it’s an evil move, but it’s pro-corporate evil, which is explicitly encouraged under securities legislation.
“I am shocked there’s gambling in this casino!” moment here.
But truly, these folks triggered what might be the one of the biggest economic busts in history by creating an entire fake industry around so-called “AI”. Gamers got to be first on the chopping block. Now the rest of the economy is gonna be on the hook.
I hope he suffers long and hard. His actions are also terrible for the environment.
holy marbles, the delusion gamers make to cope. Rubio already pardoned him!
Y’all believed that bullshit? Seriously? This dude was bad news from day one but Scammy Altman. Felon Musk, Mark Fuggerbeurk, Diarrhea Amodei, Sundar Pagal Bakwaas are all equally at fault.
I’m not completely sure, but I think you may have a typo somewhere in there.
Fuck that guy.
Chinese spies taking notes
Shattering? Upholding the perception.
The next bubble is coming. Who is providing the electricity for the coming flood of chips?
Solar… there is enough power to go around.
What makes you think there’s a flood of chips coming? The chip makers have been producing them at a constant rate. The electricity shortage is an issue, but that’s why the hyperscalers have been spending so much on generators and talking about restarting mothballed nuclear reactors.
If the AI bubble pops, the chips will mostly go unused, or at least lightly used, and the electricity demand won’t happen.
Now that people know that there is excess silicon they can’t hide it anymore.
The AI company valuation may pop but AI will stay. There is no limit to the amount of AI that can be used.
There is no limit to the amount of AI that can be used.
For something to be “used” it has to have more utility-value beyond its energy costs, and I’m not sure AI will ever have that. What we have right now is a waste of energy that produces slop code slower than human devs used to.
At least it is a better search engine but my impression is that enough people think the code is good enough for many usecases like creating prototypes or creating web pages.
InB4 the Executive Admin Feds outlaw openweight models from China.
AI will stay. There is no limit to the amount of AI that can be used.
Well, that’s debatable. Right now the advances and continued low costs are heavily subsidized by the speculation. As speculation slows, it remains to be seen how that impacts costs, demand and quality.
There is certainly a limit. One we’ve already reached.
There isn’t excess silicon.
Lol. Did you guys think there was an actual shortage?
There’s no ram shortage either, hate you break it to you.
Cool, how do I get normal priced RAM? There’s a shortage of that.
Like in every RAM crisis in the past, you just need to wait it out. It takes a few years for the market and/or governments to react.
This time, we got China ramping up production (but the flood will only happen after their own market is saturated).
"Open"AI will eventually run out of money to burn as the GPUs may be circular financed, but the power to run them isn’t. When "Open"AI dies, Sam Altman’s deals with RAM makers will die with it.
US elections may affect what US companies can get away with. Making RAM affordable again isn’t something, Israel is opposed of, so a new US government could actually do that.
Thing is, I said something to that effect a while back, that this was nothing but manipulation. Then came the “nah broh, this is real, we ran out sand and fabs” comments.
I’m not going to gloat about something terrible being true, but I am going to wag my finger at people who are too naive to question the motivations of the ultra-wealthy.
I’m going to gloat. I am totally going to gloat.
Thanks for taking down to us, we were all born yesterday out of the same vag.
Called this months ago. It’s basically the same as the diamond industry. Create false scarcity to increase prices.
It’s not really false scarcity though. It’s creating real demand to create real scarcity. It’s like if diamond miners invested in companies putting diamond tips on drills or something.
Chip manufacture was also deliberately slowed. The whole industry was in on the con.
What I’ve heard is that the companies that make memory didn’t slow production, but they didn’t ramp up production either. They kept it at the same rate, and then just watched as the prices went up. At least the workers in some of those companies went on strike so they could get a share of the immense profits.
But, they weren’t colluding with the AI companies or nVidia. Those companies were pissed off that they had to pay top dollar for memory. They wanted the companies to invest in more production capacity so they could buy the memory for a reasonable price. But, there were only a couple of companies that manufacture memory, so it was easy for them to collude and screw over the hyperscalers (and incidentally ordinary consumers).
I wonder if soon we can get lab grown gpus for cheap before marketing makes them cost the same as blood gpus.
China mass produces lab grown diamonds that are indistinguishable from real ones. The diamond industry has put a lot of effort into convincing people they can tell real from fake, or else why would anyone pay “real” prices.
Sort of funny there are constant mainstream news stories about the huge performance gap between “real” american GPUs and fake “chinese” GPUs.
The current (manufactured) hot thing in diamonds is highlighting flaws, like minor changes in color, to prove that it’s a natural diamond. It’s a real 180° from previous marketing that marked up “flawless” diamonds.
Or, “Swarovski crystal”, which is glass, not diamond.
As for the “fake Chinese GPUs”, yeah they’re ripoffs, and they’re improving their manufacturing process to catch up with the US very quickly.
Imagine if DeBeers had copyrights and patents on diamonds.
I kind of feel like channel-stuffing is a different Ill, maybe, or a more egregious one, on TOP of it.
Like a hat or a purse accessory for the other crime.
It only the second hand GPUs market was as cheap as with diamonds
And then I have to read some dumbass commenting that he was the only one still fighting to keep GeForce going, while simultaneously working to keep prices high, lmao
microsoft drank the cool-aide and turned the hallucination loose on 365? hmm
I wonder how that’s playing out with corporate customers. My company went from reliable customer to offering employees the choice of macbooks, moving to Google workspace away from m365, and moving to GitHub Enterprise (self hosted) away from GitHub.
So your company has 34 people or they love wasting money on divergent technology?
I’m not a fan of MS at all, but trying to run a scattered mess of technology gets very expensive very fast, even more at scale.
