Snake oil salesman says snake oil market is stronger than it’s ever been
The 2026 global financial crisis will be really interesting to live through I’m sure.
I am growing quite sick of living in interesting times…
Compound it with Trump taking over the federal reserve.
I say we should make the new world default currency the Danish Krone, lets really stick the knife in
Time invest in something safe and stable like gold
Tap for spoiler
/s
gold and silver, the original bitcoin
Currently the best investment is in gas mask manufacturers, unfortunately.
I think it’s still got a lot of gas. Investors still seem to be hyped about AI (e.g. the game stock downturn after Genie was announced), and that’s all that matters. Tesla has held a nonsensical value pretty much for its entire existence. Furthermore a lot of the money going into the market is passive (401ks going straight into very top-heavy index funds), propping the largest companies up.
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 planet.
poanrt?
planet, probably.
Bingo!
poanrt
I hope this looser and his little leather jackets get fired no golden parachute and lives the rest of his life working retail
He’s already filthy rich even if he got fired tomorrow.
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.
But then there are the differences.
Let’s say the COVID vaccinne triggered a whole lot of new pharmarcies that specialized only in vacinnes. Still good news for Moderna. Except those new pharmacies can’t quite afford the vaccines they set up their business to work in. Moderna’s stock is so high though, that they can leverage that stock to get money to invest in those new pharmacies to give them money so they can buy the vacinnes.
Then the pandemic passes and those pharmacies have no business and fold and their market cap collapses to zero and Moderna spent a bunch of money they didn’t actually have on now worthless equity, and their revenue and perceived value drops back to pre-bubble levels. Except even lower because they incurred liabilities that they didn’t have pre-bubble.
For the crypto bubble, nVidia went out of their way to keep their financials out of it. But for AI they’ve been giving their biggest customers the money they need to buy nVidia’s product. Basically a cyclone of big top line numbers self-funded but enough to drive the markets wild for nVidia stock. The big players have likely already ensured billions of more secure assets that won’t pop as hard and so “why not?” to play with the extra ‘free’ money to see how big the numbers can go.
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.
AMD is an option and many are switching. More support for AMD in linux too.
I switched.
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.
This has got to be some sort of tax fraud at the very least. That or money laundering.
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He’s faking it, like every boomer with a crisis.
Just a great guy doing great things.
Rock stars doing this stuff somewhat makes sense, it’s all in good fun, and who hasn’t had a crush on some celebrity singer or actor?
but a CEO? Seriously?
I mean, seems like that’s what the person wanted, no?
Sure, but as the CEO of one of the most valuable companies in the world, shouldn’t he think about how bad the optics of this are?
literally the coolest thing he’s done
should sign more tits instead of begging people to stop complaining about AI, maybe stonk price would go up more
Celebrating nvidias big investment in Israel didnt help either. Daily killing of innocents continues while he ships pallets of money over. He’s not unique in tech CEOs being arseholes, but he’s definitely another trash human being. The world would instantly be a better place without most tech CEOs.
eh, from a pragmatic business perspective…i see why they all bend the knee. capitalists are by their nature universal opportunists. they will show loyalty to israel up until the moment it looks like they don’t have control over the US’s collar, the moment that happens though they do a 180.
same way so many “pro-lgbtq” businesses flipped to anti-dei narrative the second it looked more profitable.the only thing sacred under capitalism is your line going up, everything that doesn’t directly service that goal day-to-day is performative
Yeah. Pretty fair analysis even though I dont enjoy that conclusion. I thought even capitalism was better than that. I would love to go back to my ignorant beliefs in the good of the common man again. And the basic instinct toward good of my fellow Americans. But you cant go backwards in life.
This feels like similar energy to getting outraged about a tan suit.
Were all involved parties consenting? That’s the only thing that matters.
Plus on the optics side, we’ve yet to see if being in the Epstein files is bad enough optics for CEOs, so I think “signed something on an adult woman’s boobs when she most likely specifically requested/offered it” is entirely a non-issue.
Good luck with your morals. Glad you’re fine with billionaires flexing societal norms. Go sign them boobs in public.
Puritanical bs has nothing to do with morals, as much as some like to pretend it does. What harm are you trying to call out or prevent?
He jealous of tiddy writers
That’s the closest I’ve been able to think about for why people turn to puritanical values in the first place: jealousy that others can do fun things they think they can’t, plus maybe a second layer of being upset that some aren’t also upset about it.
Oh wait, I almost forgot about the control angle, where if you can convince enough people that some normal and ok aspect about humanity is actually wrong, then you can catch people “slipping” and manipulate them via guilt or blackmail.
I know the meme is older than I am, but I’m clearly not going to win an argument on the Internet Enjoy your ambivalence.
Hm gotta be honest, I don’t give a shit about optics, especially since that asshole is plenty bad regardless.
The deal was too sloppy.
To not specifically define AGI was sloppy.
Never trust a man in his 70s wearing a new shiny leather coat.
Everybody knows this, right? It’s a general rule, like never accepting a ride in a white cargo van.
Obviously. Take it till you make it.
It’s fiiiiiiine.
