Investors may also be growing jittery about the “circular funding” at the heart of the AI industry, through which artificial intelligence firms finance one another.
On Monday, the Wall Street Journal reported that Nvidia was in discussions with OpenAI about providing $250bn (£188bn) for a massive datacentre project in Ohio. Backing from Nvidia, which has an investment grade credit rating, could make it less expensive to raise funding for the project.
Literally the only thing they have is circular funding…
The only people that can afford to build data centers, are the people selling chips to data centers…
That should set off alarm bells in any rational mind, because even after built, no one has a plan to monetize it.
There’s no path to long-term profits here, everyone not in the circle is just assuming they’ll be the first ones to decide to pull out.
If enough gets pulled, it makes the rest panic and there will be a crash.
It’s gonna happen, because there’s too much money at stake for investors to risk it. One day we’ll just hear that it’s over and have to deal with the mess.
Seriously, we can’t limit ourselves based on what we’ve seen in our lives.
With a progressive president and Congress to back them up, we could 100% just say we’re seizing their money and throwing them in prison.
Fuck it, there’s honestly nothing stopping us except learned helplessness.
Take the wealth they stole from us, put them in prison, and just don’t let them out.
They would 100% do it to us. Our society doesn’t benefit from them being here, they don’t pay taxes or do anything to pay us back. So whether they abscond and we only get domestic assets, or they’re dumb enough to stay and we get everything.
Either way, we benefit.
And before anyone mentions shell companies, yes, we would also need to finally crack down on those too. If you’re hungry and thirsty you don’t do neither, you do both.
I hate that man for taking so much American tax payer dollars that should have gone to NASA…that and all the other horrible shit he did with DOGE, etc.
His repeat Nazi salutes should’ve ended bis career in a just world, but somehow 1/3 of the population would rather support Nazi incel pedos over their neighbors
Hell, the whole Epstein class deserves nothing less than life in prison at this point, and that’s the moderate position
It would be funny if quatum chips took a massive development boost all if a sudden. Making them exonomically feasible and making all thise datacenters effectiveky obsolete. That’s not going to happen, but one can dream.
Literally the only thing they have is circular funding…
The only people that can afford to build data centers, are the people selling chips to data centers…
That should set off alarm bells in any rational mind, because even after built, no one has a plan to monetize it.
There’s no path to long-term profits here, everyone not in the circle is just assuming they’ll be the first ones to decide to pull out.
If enough gets pulled, it makes the rest panic and there will be a crash.
It’s gonna happen, because there’s too much money at stake for investors to risk it. One day we’ll just hear that it’s over and have to deal with the mess.
I just hope Sam Altman goes to jail. But he’s worth too much now so it’ll be a slap on the wrist.
“now”…
Seriously, we can’t limit ourselves based on what we’ve seen in our lives.
With a progressive president and Congress to back them up, we could 100% just say we’re seizing their money and throwing them in prison.
Fuck it, there’s honestly nothing stopping us except learned helplessness.
Take the wealth they stole from us, put them in prison, and just don’t let them out.
They would 100% do it to us. Our society doesn’t benefit from them being here, they don’t pay taxes or do anything to pay us back. So whether they abscond and we only get domestic assets, or they’re dumb enough to stay and we get everything.
Either way, we benefit.
And before anyone mentions shell companies, yes, we would also need to finally crack down on those too. If you’re hungry and thirsty you don’t do neither, you do both.
Musk should have been in jail for fraud years ago.
I hate that man for taking so much American tax payer dollars that should have gone to NASA…that and all the other horrible shit he did with DOGE, etc.
His repeat Nazi salutes should’ve ended bis career in a just world, but somehow 1/3 of the population would rather support Nazi incel pedos over their neighbors
Hell, the whole Epstein class deserves nothing less than life in prison at this point, and that’s the moderate position
And when it’s over, like a vulture defending on a carcass, we will see Spirit Halloween swoop in.
It would be funny if quatum chips took a massive development boost all if a sudden. Making them exonomically feasible and making all thise datacenters effectiveky obsolete. That’s not going to happen, but one can dream.
Different types of problem. Quantum computers won’t be competing over the same workloads.