The entire US economy right now is 7 companies sending a trillion fake dollars back and forth to each other, but it’s totally not a bubble according to grampa Powell.
The entire US economy right now is 7 companies sending a trillion fake dollars back and forth to each other, but it’s totally not a bubble according to grampa Powell.
If I have an overdraft of 10$ I am fucked by fees and fines immeidately. If OpenAI needs 100 billion dollars they just promise NVIDIA to buy some of their chips in a while and they get it fronted. This is all very normal.
How long can this possibly continue until someone blinks and wants to actually be left standing when the smoke clears? It would have to be NVIDIA I think, because they actually make something. Or are they already in so deep that they can’t get out of the hole either?
Best I can do is print more money for a huge bailout that devalues the currency by 50%. Sorry you’ll never save a decent amount of money because we steal it all.
Hear me out - nvidia knows it’s a bubble, but it’s a valuable bubble for them. They give some money to these companies that want to buy a ton of GPUs, they get to sell a bunch of GPUs right now and look super profitable while also killing the supply on GPUs, which keeps pushing the price of these things higher and higher. By the end of it, they will have conditioned the entire world to think that a low end GPU should cost $1000, and a high end one should cost $5000.