Nvidia's Grotesque Customer Financing Scheme

Posted by freedomforall 2 weeks, 1 day ago to Economics
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Excerpt:
"Oracle says Openai committed $300B for cloud compute → oracle stock jumps 36% (best day since 1992)

Oracle runs on Nvidia GPUs → has to buy billions in chips from Nvidia

Nvidia just announced they're investing $100B into openai

Openai uses that money to... pay oracle... who pays Nvidia... who invests in Openai ... "
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Rinse and repeat for fake prosperity



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