• Jazzy Vidalia@lemmy.blahaj.zone
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    2 hours ago

    “I am shocked there’s gambling in this casino!” moment here.

    But truly, these folks triggered what might be the one of the biggest economic busts in history by creating an entire fake industry around so-called “AI”. Gamers got to be first on the chopping block. Now the rest of the economy is gonna be on the hook.

  • plyth@feddit.org
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    6 hours ago

    Shattering? Upholding the perception.

    The next bubble is coming. Who is providing the electricity for the coming flood of chips?

    • merc@sh.itjust.works
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      3 hours ago

      What makes you think there’s a flood of chips coming? The chip makers have been producing them at a constant rate. The electricity shortage is an issue, but that’s why the hyperscalers have been spending so much on generators and talking about restarting mothballed nuclear reactors.

      If the AI bubble pops, the chips will mostly go unused, or at least lightly used, and the electricity demand won’t happen.

      • plyth@feddit.org
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        2 hours ago

        Now that people know that there is excess silicon they can’t hide it anymore.

        The AI company valuation may pop but AI will stay. There is no limit to the amount of AI that can be used.

        • ricecake@sh.itjust.works
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          2 hours ago

          AI will stay. There is no limit to the amount of AI that can be used.

          Well, that’s debatable. Right now the advances and continued low costs are heavily subsidized by the speculation. As speculation slows, it remains to be seen how that impacts costs, demand and quality.

  • arararagi@ani.social
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    7 hours ago

    And then I have to read some dumbass commenting that he was the only one still fighting to keep GeForce going, while simultaneously working to keep prices high, lmao

  • geneva_convenience@thelemmy.club
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    8 hours ago

    As much as I hate Jensen, I have to admit that he was great in both being a technical visionary and also maximizing profit by extracting everything from his customers.

    So removing him as CEO in a capitalist society makes absolutely no sense to me.

    • merc@sh.itjust.works
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      2 hours ago

      So removing him as CEO in a capitalist society

      A capitalist society is one where the owners of capital want to continue to make a profit. By getting caught with a Chinese spy when selling advanced chips to China is one of the few illegal things that the Trump administration cares about, he put those profits at risk. His actions opened the door for investigations into nVidia. Every company has dirty laundry, and it’s not just Jensen’s affairs, so they don’t want those investigations to happen.

      He also is a major owner of nVidia stock, so he probably figured the best way to keep his money safe is to resign.

      Now he just needs to go get diagnosed with sex addiction or something, spend some time in rehab, do an apology tour, and in a few years he’ll be back as CEO.

      • driving_crooner@lemmy.eco.br
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        2 hours ago

        one of the few illegal things that the Trump administration cares about

        The Trump administration knew about for months and did nothing, they knew the company that lady was CEO was sus AF and did nothing. Jensen was sidelined for a China trip and Trump itself ordered that he was invited.

    • Rekorse@sh.itjust.works
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      5 hours ago

      I will never understand people fanboying tech CEOs/founders, or pretty much anyone honestly. Appreciate their work, if they do good work, but anything else is cringe, for lack of a better word.

      • JcbAzPx@lemmy.world
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        44 minutes ago

        Pretty much every single one turned out to be a monster in the end. Except Wozniak and probably only because he retired before he could be corrupted.

    • frongt@lemmy.zip
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      4 hours ago

      My conspiracy theory is that the bag-holders didn’t want to get caught when the bubble popped, so they spun up this story of an affair with a woman who could possibly be affiliated with the Chinese government, in order to knock Nvidia off the top spot. Now, Nvidia is going to deflate, and it’s the small players holding the bags.

        • dual_sport_dork 🐧🗡️@lemmy.world
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          6 hours ago

          I imagine he and/or Nvidia thought his resignation might help him escape the 20 year federal prison sentence for his seemingly wilful violation of export control laws, and the annoying thing about it all is that it probably will.

          • explodicle@sh.itjust.works
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            5 hours ago

            We need to move away from prosecuting traitors only for them to be pardoned, and move towards angry mobs that get jury nullified.

  • Bieren@lemmy.today
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    10 hours ago

    Called this months ago. It’s basically the same as the diamond industry. Create false scarcity to increase prices.

    • cardfire@sh.itjust.works
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      26 minutes ago

      I kind of feel like channel-stuffing is a different I’ll, maybe, or a more egregious one, on TOP of it.

    • merc@sh.itjust.works
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      3 hours ago

      It’s not really false scarcity though. It’s creating real demand to create real scarcity. It’s like if diamond miners invested in companies putting diamond tips on drills or something.

      • JcbAzPx@lemmy.world
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        42 minutes ago

        Chip manufacture was also deliberately slowed. The whole industry was in on the con.

      • Rekorse@sh.itjust.works
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        5 hours ago

        China mass produces lab grown diamonds that are indistinguishable from real ones. The diamond industry has put a lot of effort into convincing people they can tell real from fake, or else why would anyone pay “real” prices.

        Sort of funny there are constant mainstream news stories about the huge performance gap between “real” american GPUs and fake “chinese” GPUs.

        • frongt@lemmy.zip
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          4 hours ago

          The current (manufactured) hot thing in diamonds is highlighting flaws, like minor changes in color, to prove that it’s a natural diamond. It’s a real 180° from previous marketing that marked up “flawless” diamonds.

          Or, “Swarovski crystal”, which is glass, not diamond.

          As for the “fake Chinese GPUs”, yeah they’re ripoffs, and they’re improving their manufacturing process to catch up with the US very quickly.

  • danielfm123@lemmy.zip
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    9 hours ago

    Nvidia manipulated prices so much, big tech abandoned the ship: Huang privately admitted that major cloud giants were pivoting away from NVIDIA in favor of in-house custom chips. With hyperscalers actively reducing their reliance on “off-the-shelf parts,”

    • merc@sh.itjust.works
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      3 hours ago

      That pivot would probably take a decade to happen though. It would be a major long-term issue for nVidia if it was successful, but it wouldn’t be something that would happen quickly.

  • mctoasterson@reddthat.com
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    14 hours ago

    Man owns company that tricks sand into doing math, convinces consumer market there is a supply shortage.

    • Sheldan@lemmy.world
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      14 hours ago

      Tbh there is kind of a sand shortage

      Or at least we are using it up faster than it is created

      • douglasg14b@lemmy.world
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        13 hours ago

        To be fair, that’s referring to sand used for concrete, which needs to have a rough, jagged texture. Something that is largely achieved through water-based erosion and not wind-based erosion.

  • jaykrown@lemmy.world
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    15 hours ago

    Artificial scarcity clearly, holding back humanity from progressing with their greed. This is why monopolies are bad.

    • DupaCycki@lemmy.world
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      11 hours ago

      This is why capitalism is bad.

      Capitalism would be physically impossible to maintain without artificial scarcity.

      • danielfm123@lemmy.zip
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        9 hours ago

        I rather artificial scarcity million times more than the two one.

        If articial scaricity pushed too much a competitor can appear.

        • bthest@lemmy.world
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          7 hours ago

          If articial scaricity pushed too much a competitor can appear.

          Oh you mean like the stuff coming out of China or EU? The stuff that’s banned from American markets? Oh I guess not then. lol fuck off. You can’t actually believe this fairy tale shit in 2026. You just can’t.