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
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.
As a Nasdaq ETF holder can I sue the pants off of Nvidia?
Lol. Did you guys think there was an actual shortage?
There’s no ram shortage either, hate you break it to you.
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!
“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.
Fuck that guy.
Chinese spies taking notes
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.
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 certainly a limit. One we’ve already reached.
There isn’t excess silicon.
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.
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
Capitalists gonna capitalist
“Love you guys” ~Jensen Huang, to all of the gamers in the world
Abusers love saying that
You can tell he was a gamer because he took an arrow to knee
As much as I hate Jensen, I have to admit that he was great in both being a technical visionary and also maximizing profit by extracting everything from his customers.
So removing him as CEO in a capitalist society makes absolutely no sense to me.
So removing him as CEO in a capitalist society
A capitalist society is one where the owners of capital want to continue to make a profit. By getting caught with a Chinese spy when selling advanced chips to China is one of the few illegal things that the Trump administration cares about, he put those profits at risk. His actions opened the door for investigations into nVidia. Every company has dirty laundry, and it’s not just Jensen’s affairs, so they don’t want those investigations to happen.
He also is a major owner of nVidia stock, so he probably figured the best way to keep his money safe is to resign.
Now he just needs to go get diagnosed with sex addiction or something, spend some time in rehab, do an apology tour, and in a few years he’ll be back as CEO.
one of the few illegal things that the Trump administration cares about
The Trump administration knew about for months and did nothing, they knew the company that lady was CEO was sus AF and did nothing. Jensen was sidelined for a China trip and Trump itself ordered that he was invited.
Trump itself
slow clap Nice. 😏
I will never understand people fanboying tech CEOs/founders, or pretty much anyone honestly. Appreciate their work, if they do good work, but anything else is cringe, for lack of a better word.
Pretty much every single one turned out to be a monster in the end. Except Wozniak and probably only because he retired before he could be corrupted.
I don’t think any consumer should fanboy him but the shareholder/board members of the owner class should love him.
Its cuz he was in bed with this weeks bad guys
It’s gotta be far worse than we know for him to have resigned so quickly.
I imagine he and/or Nvidia thought his resignation might help him escape the 20 year federal prison sentence for his seemingly wilful violation of export control laws, and the annoying thing about it all is that it probably will.
We need to move away from prosecuting traitors only for them to be pardoned, and move towards angry mobs that get jury nullified.
My conspiracy theory is that the bag-holders didn’t want to get caught when the bubble popped, so they spun up this story of an affair with a woman who could possibly be affiliated with the Chinese government, in order to knock Nvidia off the top spot. Now, Nvidia is going to deflate, and it’s the small players holding the bags.
Called this months ago. It’s basically the same as the diamond industry. Create false scarcity to increase prices.
I kind of feel like channel-stuffing is a different I’ll, maybe, or a more egregious one, on TOP of it.
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).
It only the second hand GPUs market was as cheap as with diamonds
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.
