Nvidia deliberately kept GPU prices high through circular financing deals, report claims
www.techspot.com
A recent Wall Street Journal profile of Nvidia interim CEO Colette Kress has shed more light on how Nvidia controversially financed its own customers to drive the...
  • eletes@sh.itjust.worksEnglish
    9·
    12 hours ago

    So is this it? the bubble popping? Feels like the bill is due and we knew the fakery was happening but I wouldn’t be surprised if this also gets swept under the rug

    • ranandtoldthat@beehaw.orgEnglish
      1·
      18 minutes ago

      Doubtful. If hardware prices actually drop, which remains to be seen, AI becomes cheaper to run, which will accelerate adoption.

  • we is doomed!@lemmy.worldEnglish
    16·
    14 hours ago

    Capitalism is the extraordinary belief that the nastiest of men for the nastiest of motives will somehow work for the benefit of all. - Maynard-Keynes

    • ChilledPeppers@lemmy.dbzer0.comEnglish
      2·
      2 hours ago

      I dont want to get into the merits of the quote, but here is the original, and it wasnt said by keynes.:

      But by far the strongest resistance to drastic action comes from those who would say, if they sought at all to express their motives, that inequality of incomes is inevitable and even desirable in a world in which individuals are born with unequal talents. You must leave the efficient man as well as the inefficient the motive to exert himself to the utmost. The great merit of the capitalist system, it has been said, is that it succeeds in using the nastiest motives of nasty people for the ultimate benefit of society

      https://quoteinvestigator.com/2011/02/23/capitalism-motives/

  • scoobford@piefed.blahaj.zoneEnglish
    5·
    12 hours ago

    This kind of seems like a nothing burger IMO. The circular financing has been public info for some time, the only part of this that is news is that it was mentioned in the WSJ.

  • dudeface@lemmy.worldEnglish
    1·
    13 hours ago

    I have added to my list of companies from related to this AI nonsense that will never get my money again already

      • dudeface@lemmy.worldEnglish
        03·
        13 hours ago

        I’ll just stick with Apple who at least didn’t pollute their os with the nonsense

        • b3nsn0w@lemmy.worldEnglish
          5·
          12 hours ago

          lmao apple as the paragon of pro-consumer behaviour is one hell of an idea.

          the main reason their os isn’t full of ai is because they’re mad they didn’t invent it. they insisted the longest to call it machine learning instead, and when they switched over they called it “apple intelligence”. but they aren’t avoiding it, they just suck at it, and they always want to call everything by another name and present it a different way so it’s special and “magical” when it’s on their devices.

          but behind all that cultish nonsense they have had ai features for ages, often randomly pushed, and they too have reoriented their cpu architecture to include ai processing and run llms. they just have a mainly hardware business instead of a mainly software one, so they tend to emphasise device-dependent local systems instead of cloud apps that work on any device.

          and that’s on top of locking down everything, because they want to mediate computers to you. imo that’s the big issue with apple, they don’t want to give you any access to your own tech, because technology is magic and you’re not a wizard, they are. that’s not specifically ai-related though, but it does inform their handling of ai too, and it’s the main reason apple should have been on your list of companies not to buy from way before chatgpt blew up.