Capitalism is the extraordinary belief that the nastiest of men for the nastiest of motives will somehow work for the benefit of all. - John Maynard-Keynes
Not sure if the financing could get more circular.
Y’all believed that bullshit? Seriously? This dude was bad news from day one but Scammy Altman. Felon Musk, Mark Fuggerbeurk, Diarrhea Amodei, Sundar Pagal Bakwaas are all equally at fault.
I’m not completely sure, but I think you may have a typo somewhere in there.
“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.
I hope he suffers long and hard. His actions are also terrible for the environment.
Lol. Did you guys think there was an actual shortage?
There’s no ram shortage either, hate you break it to you.
Cool, how do I get normal priced RAM? There’s a shortage of that.
Thing is, I said something to that effect a while back, that this was nothing but manipulation. Then came the “nah broh, this is real, we ran out sand and fabs” comments.
I’m not going to gloat about something terrible being true, but I am going to wag my finger at people who are too naive to question the motivations of the ultra-wealthy.
I’m going to gloat. I am totally going to gloat.
Thanks for taking down to us, we were all born yesterday out of the same vag.
The funny thing was is I always told myself I didn’t like Nvidia. There was just something about them being everywhere that always annoyed me. But the stock did great. The cards were awesome. AMD just couldn’t get their acts together to compete against anything Nvidia or even Intel for that matter. It’ll be interesting to see what happens in the next 6 months to a year with all of this. Maybe Nvidia will go back to making graphics cards and leave the AI to the new sheriff’s in town whoever those turn out to be.
As a Nasdaq ETF holder can I sue the pants off of Nvidia?
unsure, tbh. technically he did activate more money to chase his cards while keeping prices high for large-scale customers, so it would be really difficult to claim he did not act in nvidia’s best financial interest this particular time. sure it’s an evil move, but it’s pro-corporate evil, which is explicitly encouraged under securities legislation.
Fuck that guy.
Chinese spies taking notes
microsoft drank the cool-aide and turned the hallucination loose on 365? hmm
I wonder how that’s playing out with corporate customers. My company went from reliable customer to offering employees the choice of macbooks, moving to Google workspace away from m365, and moving to GitHub Enterprise (self hosted) away from GitHub.
So your company has 34 people or they love wasting money on divergent technology?
I’m not a fan of MS at all, but trying to run a scattered mess of technology gets very expensive very fast, even more at scale.
Called this months ago. It’s basically the same as the diamond industry. Create false scarcity to increase prices.
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.
I wonder if soon we can get lab grown gpus for cheap before marketing makes them cost the same as blood gpus.
Imagine if DeBeers had copyrights and patents on diamonds.
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.
While Jensen can’t be faulted for making these moves because he was keeping the best interests of the company in mind, it’s a stab in the back for gamers and hardware owners who are unable to locate any mouth-watering deals for GPUs or memory because of the perceived shortage.
I really dislike this final paragraph. In one sentence, it both attempts to absolve Jensen of all fault in the current shortage, and frames gamers and hardware enthusiasts as entitled babies crying about the lack of amazing sales. Rather than the reality of high-end GPUs requiring you to take out a loan at this point, if you can even find one. I don’t need a “mouth-watering deal”, I’ll settle for affordable, thanks.
While Jensen can’t be faulted for making these moves because he was keeping the best interests of the company in mind, it does kind of suck that he’s actively destroying the planet and ruining people’s lives.
Since when is doing business an excuse for everything? Oh, right, it’s America…
Crazy final paragraph. The whole article is about Nvidia has artificially created scarcity for its products by funding AI start ups to buy it’s products.
It is effectively buying back its own products. This alongside the circular payment systems between AI companies and Nvidia is destined to end very very badly. It can only work while the market grows and share prices go up. It is destined to be one catastrophic collapse when things go the other way.
artificially created scarcity[…]
circular payment systemsgamers relearning capitalism in real time😯
This is only possible because the stock market is a fucking Ponzi scheme
Interesting best interests. I guess Nvidia investors could all have a deep seeded masochistic and self-destruction fetish, but it sounds unlikely.
I have a deep seeded desire to have a 401k but little direct control over how much Nvidia they bought for me. Many 401k packages do not allow particularly granular investments even if I would prefer to shield myself from this obvious financial ant mill.
I have a deep seeded desire to correct this to deep seated
you may be right but I think deep seeded makes more actual sense. How about I call it deeply rooted and then we’re both a little right.
It has a point in that Jensen was not alone in these decisions and the real blame should be placed on Nvidia as a whole. The headline pins the blame solely on Jensen, using him as a scapegoat while the actual company dodges blame and continues its anti-consumer practices.
While Jensen can’t be faulted for making these moves because he was keeping the best interests of the company in mind,
“making these moves” = market manipulation
He sure as fuck can be faulted for that, it is literally a crime. What is this journalist smoking?
Be nice, fraud was in the company’s best interest
Few groups have been bigger apologists for their corporate abusers than capital-G Gamers. They would have followed Nvidia into hell itself so long as Huang blew even the thinnest wisps of smoke up their unwashed asses. Discovering that their hardware suppliers have only ever used them for their money has seriously hurt their egos and broken their brains.
It’s like Gamers thought they were dating the most popular kid in school, only to discover that they were only hanging out with Gamers because Gamers’ mom had an old Mustang that she like them drive. Now they’re dating someone rich college student who owns a Porche, and they’re not returning Gamers’ calls, and they’re going through all of the phase of teenage grief.
Discovering that their hardware suppliers have only ever used them for their money has seriously hurt their egos and broken their brains.
I get what you’re trying to say here, but this part is literally just how retail works. I pay you money, you give me the goods I want, and the money I pay you enables you to stay in business producing whatever it is for when I need another one.
I think basically the entirety of Nvidia’s leadership could be pushed into a volcano and the average value of humanity would slightly increase. But expecting their operation to be some kind of charity is a bit silly.
The major thing that us capital-G gamers have been pissed about, and rightfully so, is not only Nvidia’s rather well documented abuse of its consumer side customer base for a very long time but also the fact that they’re functionally the only game in town for a lot of purposes. Now it turns out that this is for completely artificial reasons, i.e. Jensen Huang formerly of Nvidia and Lisa Su of AMD are literally blood related to each other and privately agreed not to compete with each other in the high end consumer GPU market. So by design there isn’t even any competition. AMD “wins” in processors and Nvidia “wins” in video cards and both of them can therefore just charge whatever the fuck they want. That is indeed some bullshit.
It’s not artificial reasons. This is just how markets operate. Once they’re pared down to a handful of players, they split territory like gangs.
This is the late-stage capitalism people keep talking about. This is what it looks like. It’s the normal, natural progression of the system.
NAILED. IT. I’d love all the people who feel they have a right to video cards explain that to a Palestinian orphan.
This isn’t a suffering competition, you’re being ridiculous. You can say that about literally anything anybody complains about. No, while the things happening in Palestine are fucking horrific, “but worse things happen” doesn’t invalidate other peoples’ problems.
Frankly you sound like an ass even comparing the two.
Why should anyone explain that to a dead kid?
An orphan, is by definition, alive. No one talks about “dead orphans”. Bruce Wayne isn’t a “live orphan”.
Anyway, my comment was about the privilege Western gamers have in 2026.
“NOAAWW! You can’t take away my high-end video cards! I have the RIGHT to play video games at a reasonable price!”
Imagine explaining your vast suffering under these filthy capitalists from your watertight, HVAC controlled domicile. Said suffering is way overblown on lemmy.
I hope you think of people with no legs when you stub your toe in the dark.
(Invalidating anyone’s suffering on the basis that someone else out there has it worse would mean that nobody else is justified to suffer than the absolutely most miserable. Suffering is an inescapable facet of the human condition, but it doesn’t mean we shoudn’t try reducing it.)
It’s all the consumer’s fault for wanting to consume.
Capitalism hurt itself in its confusion!
I mean bootlicking aside, they’re not wrong. Jensen’s a corpo and they will always chase profits. Sometimes stooping to borderline illegal maneuvers like this price fixing thing or the ram cartel. In an ideal world these fuckers would get prosecuted and do jail time, but as it stands we are somewhat at their whims. That’s why I don’t get this entitlement with affordable gpu’s - they’re high tech components and for a while they were more affordable but gamers are no longer the most profitable market so yhings change. There was no “betrayal” and no “abandonment” because no one owes gamers anything, just like they don’t owe the companies anything. Shit’s bkt affordable? Short of a class action lawsuit, tough luck, adapt and move on, because it looks like we’re heading back to the gpu wild west of the late 90s.
That’s not the point though.
The journalist literally wrote that he cannot be faulted for committing crimes in the interest of his company. He absolutely can be faulted for that.
TIL no matter what you do it’s always justified as long as you’ve had your company’s interest on your mind
no matter what you do it’s always justified as long as you’ve had your company’s interest on your mind
That is exactly what the tobacco and oil companies have been arguing for decades.
Killing your customers or the planet are much less important things than constantly increasing corporate revenue.
Artificial scarcity clearly, holding back humanity from progressing with their greed. This is why monopolies are bad.
This is why capitalism is bad.
Capitalism would be physically impossible to maintain without artificial scarcity.
I rather artificial scarcity million times more than the two one.
If articial scaricity pushed too much a competitor can appear.
Shattering? Upholding the perception.
The next bubble is coming. Who is providing the electricity for the coming flood of chips?
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.
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.
In 4 the Executive Admin Feds outlaw openweight models from China.
I hate all these mother fuckers
