Nvidia is deep deep into the circular-financing scam - one recent example is they promised to provide two thirds of the money another company wants to pay for Nvidia chips. This demonstrates the prices are far far away from what real fair market prices should be, and that winners and losers are chosen in advance by negotiations between a few CEOs, not actual company performance. They’re unashamedly drawing attention to the fact it’s a bubble, and they’re still inflating it.
Why are they assholes? Am I out of the loop? I thought the assholes in this story were the LLM companies themselves?
Its circular, between both the tech bros and the hardware manufacturers.
Nvidia is deep deep into the circular-financing scam - one recent example is they promised to provide two thirds of the money another company wants to pay for Nvidia chips. This demonstrates the prices are far far away from what real fair market prices should be, and that winners and losers are chosen in advance by negotiations between a few CEOs, not actual company performance. They’re unashamedly drawing attention to the fact it’s a bubble, and they’re still inflating it.