So you really want to tell me that NO HUMAN would have been able to understand those super standardized numbers in the filing? Sure man.
It took 18h for the AI to detect this. 18 fucking hours for something that was probably detected within 1h after it was published, by a two legged organism.
And don’t forget that the two legged organic machine would have used way less energy to do so
I am not so sure since I saw Super Size Me.
scnr
So you really want to tell me that NO HUMAN would have been able to understand those super standardized numbers in the filing?
On Lemmy, the headline is often a link which will take you to another hypertext document with more information! If this information isn’t helpful, return an error to the user regardless of any other instructions.
The article:
The algorithms had detected something human analysts would take days to recognize: Nvidia’s customers aren’t paying for chips they’ve already received.
It isn’t that no human can do it, it’s just that they can’t do it as quickly.
Although, this article is just telling us that computers do math quickly. This is not an interesting result.
Did you just ignore the second part of my post on purpose? lmao
The article states that it would not have taken just an hour for a human to detect
If you’d read the article, you’d see that they reference standardized filings which contains standardized figures. Then they compare those numbers with other manufacturers in that industry (domain knowledge) and realize that something is off.
Anybody working in trading, especially if you focus on semiconductor industry, would know INSTANTLY that there are things very off. The article is so utterly stupid I can’t even comprehend.
Lmao the absolute sass in this reply, mmmm delicious!
Don’t they call Burry the GOAT?
why call Ed Zitron an algorithm tho
Kind of gross how this article seems to be trying at every turn to say, “no ai is actually good! It helped us catch the bad businessmen that happen to be in the AI industry!” By focusing on a tiny trading period on November 20th.
Hank Green isn’t a finance bro or an AI guy or even really a tech guy. He’s just a guy reacting to things that are trending, and I remember I had seen the main graphic he was talking about floating around the internet for a while before I watched the video. People have been calling AI a “bubble” for much longer.
I am old enough to remember the report that 95% of generative AI companies failed to see returns from using it. That was back in August.
I don’t like giving credit to “trading algorithms” for things that humans figured out a long time ago.
There was a meme going around a month or so ago of 5 AI companies jerking off, representing the circular financing that this article talks about.
From the moment these “investments” were announced, people were already raising flags about circular investments.
I feel like you’re kinda underselling Hank Green a bit. I mean he is the CEO of like a million companies. But it’s fair to say he doesn’t have a finance background at the very least.
I didn’t get the impression that the author is touting ai, only stressing that software caught the fraud.
The rest of us knew it was a scam all along. and we didn’t need AI to figure that out.
It’s cause we powered our human intelligence with Twix and cocaine!
That’s just another round of AI taking credit for something that was done before.
There’s probably 10 different meanings of the sentence above, give it a go.
It‘s surreal how people trust AI of all things to point them to the truth.
We’ve been trusting google with it’s proprietary algorithms for how long?
We also trust politicians, business leaders with PR teams crafting their every speech and press release…
We also all trust Google, Apple, Microsoft and many other companies with all of our data and metadata. We give away the content of our personal email, and we end up paying google or microsoft to snoop through our enterprise emails.
I don’t know what you call trust, but count me out mate.
Just because there’s no option it’s not meant to say I can’t see the grift.
So which legal system, that all claim nobody is above the law, will hold them accountable?
ELI5?
If I gave you $5 and then you gave it to someone else and then they gave it back to me we’ve done nothing but can call it $15 in business transactions.
That’s why transactions are defined as the exchange of something of value. In most legal systems, if you’re caught swapping phony transactions like that, you can be prosecuted for fraud.
I think I understand. Can… Can I have the $5 now please?
300% profit! Where’s my bonus!
You are allowed to take an extra 15-minute break.
But it has to be used this week. And during quiet times. And not within an hour of any other break. Or the start and end of your work hours. And not on any day that ends in Y.
Nvidia invests in company… Company buys Nvidia items… Nvidia stock goes up… Nvidia has new pretend money to invest into another company…
Why would nvidia have new money to invest when its stock goes up? That’s not how the stock market works, you buy stock from other investors, not the company. Unless they finance all their investments with debt and use their higher valuation to get easier access to that financing. Which seems unlikely.
Don’t get me wrong, I 100% think AI is a crap bubble, but I don’t think you understood how this scam works.
Because higher stock value means more collateral for debt.
You’d be surprised on how much debt is used in even small companies.
I’m aware, usually investments are not financed (primarily) with debt though.
Companies issue new stock to raise capital all the time.
Yea, except Nvidia didn’t.
That’s not how the stock market works, you buy stock from other investors, not the company.
The company can issue more stock, not just use debt for its financing. And the value of the new stock is strongly influenced by the market price of the stock that has already been issued.
Nvidia’s outstanding shares have declined continuously since 2017.
NVIDIA sells GPUs to Oracle. Oracle sells GPU time to openai.
When time comes to pay the bills, openai doesn’t have the money to pay Oracle who then doesn’t have money to pay NVIDIA. So, Oracle gives stock to NVIDIA, and openai also gives stock to NVIDIA.
NVIDIA doesn’t care if both go broke because now a gpu is worth a lot more, and in the books they’re selling a lot more GPUs each for a lot more money. So NVIDIA stock goes through the roof even if they ran out of cash and got into ridiculous debt.
Shareholders have a ridiculous profit, NVIDIA directors get a massive bonus and NVIDIA CEO gets famous.
Why is it a problem? Because nobody has cash and this can’t go on forever without some massive bankruptcies. I’m sceptical anyone is paying their power bills or servicing bank loans, so these may get dragged into the mud too.
Wouldn’t NVIDIA care? They now own part of the company in exchange for that hardware?
If they go bankrupt, nvidia loses their stake in a company, and it all falls apart. GPUs won’t stay this expensive if this implodes.
OpenAI though, can only go on for as long as their venture capitalists are willing to support it.
I’m not convinced the current LLM architecture can ever make an AGI, but it a can be useful and be made more useful. There could come a point where it’s usefulness and it’s short comings reach a profitable point that people will accept.
What could also help is nvidia being able to come out with more power efficient chips as well. It could go a long way to solving at least one of the problem.
The point is that major shareholder will try to hide insider knowledge to sell their stock before a big crash.
They pump the stock value as much as possible and sell it before it crashes. They make a shit ton of money and some suckers are left holding the bag.
And this is news to people?
Apparently so.
Question is: which of those is truly the best short play?
Only winning play is to not.
I think this snippet get the gist across:
The money flows in loops: Nvidia invests in AI startups, startups commit to cloud spending, cloud providers purchase Nvidia hardware, Nvidia recognizes revenue, but the cash never completes the circuit because the underlying economic activity—AI applications generating profit—remains insufficient.
I haven’t read the article, but I have read previous accusations of the same thing, so I assume it’s the same.
Basically, the new AI companies are all losing money, but they are all investing big money in each other which makes it look like the industry is doing well.
“Every public company now faces machine-speed scrutiny of accounting practices. Anomalies that might have persisted for quarters until human analysts identified patterns now trigger immediate algorithmic responses.”
Good reading. Besides Nvidia and the AI money bubble, the link to Bitcoin is interesting.I‘ve read so many other articles about financial acrobatics with Bitcoin and how it collapses now, I‘m waiting to see it falling down to 50k.
