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I think if you look around at the prices of so many computer components, I wonder about manipulation on those as well…
Didn’t Steve from Gamers Nexus talk about this a long time ago? He’s been on top of all the sketchy Nvidia stuff fair more consistently than mainstream media.
Can you imagine the price drop once we raid these center?! The marketplace will be FLOODED! Cheap!
Knowing the government they’d order them all destroyed to keep the market afloat…
Duh?
It was obvious to anyone with an IQ above room temperature mayonnaise.
Yes, but the money mostly blinded them. Now imagine the consequences: lynchpin systems coded by ai nobody knows how to maintain running some of the most critical systems running our society. Yay fucking yay
The situation described in the report saw NVIDIA on the hook for an “avalanche” of GPUs from TSMC, for which it would have no immediate buyers. Part of the issue highlighted by Kress was also that these small-scale cloud providers NVIDIA was investing in could not afford to buy NVIDIA GPUs, meaning they, too, could be a financial dead end.
This is big. Nvidia also didn’t show up in last few weeks for OpenAI’s financing desperation. There were bigger 5090 shortages this summer, as rumour that datacenters were being built around them, after rtxpro shortages.
Nvidia circular financing started off the bubble. But it needs new bagholders, and its sales/extortion power plummets as its investments fail. OpenAI failure brings down the industry financial backers, though it makes GPUs/RAM cheap again.
If it’s legal then Nvidia has managed to grab huge shares in AI companies. If chips become cheap now, AI companies will make profits and Nvidia benefits from having the shares.
Expensive GPUs aren’t the reason they aren’t profitable.
it makes it easier for cloud services, though these will remain competitive. It makes it easier to escape the cloud too, or to directly rent GPU VM spaces.
Just billionaires doing billionaire things.
All the fish are swimming in the water. Bubble, bubble, bubble pop.
To bad this is all coming out on the weekend Markets not open
It’s not circular financing, it’s not a bubble you guys. This is all legit above table normal capiterlizum
“It’s inevitable. That’s why we have to pay the people under us to force it on the people under them. So get used to using it- or be left behind!”
… Not to meme, but, why not both?
If you can barely tell the difference, things are moving in the wrong direction.
It is right up until you report the “sales” numbers… Sales numbers can’t include your own money.
…WE KNOW.
It bears repeating… ;-)
Yeah, fair. It does. It would just have been helpful if articles like this had been written… a little sooner.
They were, just got ignored by most mainstream journalists and outlets. Ed Zitron and several others have been all over this for a while
Corporate media was too busy backing fascism.
Its funny because bloomberg has a video on them… Despite being the conpany who was trying to silence Gamers Nexus last year about the smuggling topic.
May the Flying Spaghetti Monster bless Gamers Nexus in pepetuity. That kind of intersection between raw intelligence and testicular fortitude is getting far too rare these days.
We’re lucky to have them.
Brown, black, or white?
Giant short-faced
Kodiak
Coming soon: A class action lawsuit against NVidia for everyone that bought a graphics card between the dates of X and Y who will eventually receive a 15$ cheque in the mail 5 years from now.
While the lawyers get like $10,000 per
That is how doing actual work be
Nooooooo I want to feel cheated on by the corrupt system!
Um… wasn’t this well known? They’d buy up struggling companies, then secure a purchase agreement for GPUs through those companies in order to inflate their sales figures. They did this. A lot.
It hits different when the claim is coming from inside. Most of us could see the circular investment scheme, now they’re blaming each other internally for it.
The whole system is predicated on moving money. Capitalism at its finest. Glad some whistleblowers are seeing the light. Hope it results in some restoration of sanity. As usual, the suckers and the rest of us will end up footing the bill.
I didn’t know they allegedly had more GPUs than they knew what to do with, which is what the report says. Up until now, the public knowledge has been that the AI bubble has been used to justify sketchy deals like circular financing in an attempt to chase the unlimited profits promised by the discovery of AGI. As though they had no trouble selling them, but wanted to sell them in a way that also cut them in on future AI advancements.
Now imagine the ai companies spending billions on compute that, so far, none of their clients know how to turn into cost savings. Questionable results, large volume, no appreciable business benefit.
Isnt this market manipulation?
That’s the neat part. It is. But nobody’s doing anything about it, in the quest to become rich.
For the past 5 years Nvidia should have been highly regulated as a monopoly. What you’re seeing is what happens when regulation is let slide.
Yes
I mean that’s great and all, but AMD is selling everything they make. They have Zen 6 out and it’s going directly into servers.
How do you know it’s not fueled by the rampant circular financing?
CPUs aren’t doing the bulk of AI processing.
I am shocked. Shocked!
