The whole thing some like some giant check kiting scam or some weird looping Ponzi scheme. I’m going to invest money into your company so you can buy more of my products. Where is all the money coming from in the first place? Neither of these companies should be worth as much as they are.
Ms’s Satya Nadella is forgetting the rule “The customer is always right.” He is trying to force customers to a product they didn’t ask for our really need along with a lot of other customer unfriendly issues like nagging to use onedrive subscriptions and forcing to sign in to a MS account to use the OS. This is seriously getting me to consider moving to linux for my next pc build.
I hope Nvidia fcking brokes and back on his knees begging for his old clients who used to bought their gpus to buy the shitiest new version of the non improved but twice as expensive product.
If your talking about gamers, let’s be real here. They’ll lap up whatever scraps and bullshit Nvidia will give them and then thank Nvidia for gouging them.
I mean look at the recent stream surveys.
Pop! Pop! Pop! 💭
With the amount of money in this bubble, it would be better if slowly deflated instead popped.
Yah, lots of people also depend on the market for their futures. Pensions, 401Ks, IRAs, etc.
I don’t think that matters compared to what this crap does to the poanrt
poanrt?
planet, probably.
poanrt
Snake oil salesman says snake oil market is stronger than it’s ever been
We are officially at the denial stage of this developing economic disaster.
At least they already fired everybody, in anticipation of their wild AI success. Hopefully, some of these companies will pivot, and figure out how to actually survive, and they’ll have to hire a lot of people to replace their AI.
A lot of the “AI” layoffs were using it as a plausible excuse for layoffs they wanted to do anyway. So I don’t anticipate a lot of them coming back.
They’re firing people living HCOL countries, and hiring in LCOL countries, using AI as cover.
IDK, the Altman talk a few days ago sounded a lot like bargaining.
It’s OK, these stages are not supposed to be sequential. They can go through them in any order, and even cyclically return to other stages. Even full acceptance can be relapsed from time to time.
See we keep getting told that AI is a great success and also a threat to humanity and that it’s going to take over the world in 5 minutes if we’re not careful. It has been literally years now and nothing has happened.
If that isn’t evidence of a bubble I don’t know what is. But somehow the complete lack of any meaningful progress seems to convince people even more
LLMs like what is being overhyped cannot take over the world.
They are not constant-thought processors. They are the most overbuilt autocomplete of all time.
The “take over the world” problem is the capitalists who see dollar signs in automating away humans.
If the current capabilities were enough to eliminate some human jobs, then they aren’t coming back. Someone else will offer up a cheap ai solution when the giants fall as the open source and Chinese models catch up and surpass them.
Looks at numbers.
Subtracts money being spent, from money being earned.
Huh.
Are you sure?
Huang draws a circle
#leverage
Does this mean the AI Bubble will burst?
The deal was too sloppy.
To not specifically define AGI was sloppy.
They would be insane to prop up OpenAI beyond at cost hardware or cuda integration support / tooling.
The steam is running out on funding. It was a one time event, like crypto.
They will regress to what they were before. Pushing horridly overpriced workstation cards and price gouging gamers and pumping out substandard garbage cards for prebuilt “gaming” pcs assembled by others with a shitload of flashy lights and no substance.
You can bet they will continue to develop proprietary standards akin to Sony to try and accomplish another big win that makes them quadrillionaires.
They have already leveraged their stock beyond their entire pre-AI market cap. There is no return to the old days now. If the AI boom goes bust on them, they have left themselves impossibly exposed. They will owe more money than they can possibly pay back.
They took what should have been a slam dunk to sell shovels for a gold rush with a nice fallback to previous viable business into an existential threat to their business.
I think a good non-tech comparison is moderna. They made a shitload of cash from covid vaccines being state subsidized and then once the initial backlog of orders cleared they reduced to next to no cash flow. They’re still better off than they were before (and nvidia will be too, there will always be some demand… but not years of backorders.) Moderna is still downsizing heavily though and can only have more layoffs unless something changes.
I’d say they will end up around 2-4x their original revenue, in ~5 years.
Does he actually ride a motorcycle?
He’s faking it, like every boomer with a crisis.
Hey, now, don’t knock it. Tech CEOs — particularly Steve Jobs — choosing to break with fashion trends were an important part of what made it socially acceptable to stop with the suit and tie stuff for everyone.
The old leather jacket was acceptable, the new one is fucking hideous though.
Obviously. Take it till you make it.
He is such a dweeb.
