this post was submitted on 28 Aug 2026
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[–] dream_weasel@sh.itjust.works 21 points 11 hours ago

Ah yes, nvidio

[–] areakode@riskeratspizza.com 34 points 17 hours ago (1 children)
[–] Kolanaki@pawb.social 8 points 12 hours ago

Jensen be like:

[–] nightwatch_admin@lemmy.world 22 points 18 hours ago (1 children)

I laughed all my the way home on the train thanks to Ed Zitron’s hilarious piece on this.

[–] slazer2au@lemmy.world 4 points 15 hours ago (2 children)

Blimey that was a long read.

[–] vividspecter@aussie.zone 3 points 8 hours ago

All his posts are like that. They are a great "chuck on your ereader" type thing.

[–] unemployedclaquer@sopuli.xyz 3 points 12 hours ago

I'm not subjected to any train rides lately but I wouldn't mind ed zitron if it had to happen. I already look to Doctorow for the most acerbic quips.

[–] UnderpantsWeevil@lemmy.world 13 points 18 hours ago (3 children)

I mean, you can joke about circular financing, but it's revenue until someone's check bounces.

What we're looking at is effectively how governments operate with currency. The state extends credit to financial institutions and spends money into the private sector, then demands the money back as taxation. This milling effect incentivizes employment, capital expansion, and improvements to land, as residents attempt to leverage the state incomes/credits to produce more material value than they'll pay in taxes.

NVIDIA / OpenAI / Oracle are in the same relationship. And the cycle will continue to accumulate value virtuously until the output of the system is no longer recognized as yielding value. While OpenAI is definitely the weak leg in the stool, Oracle's physical infrastructures and NVIDIA's consumable chipsets are going to have value even outside of this relationship. The only question is whether OpenAI tokens can justify the liquidity the firm has received.

[–] mushroomman_toad@lemmy.dbzer0.com 1 points 4 hours ago* (last edited 4 hours ago)

Yes, but a country's gdp is a lot more diversified than nvidias, and company bond holders have a lot more power than treasury bond holders. The party goes on for now, but there is no way these companies will keep being allowed to borrow money, and it will be clawed back due to how unprofitable these businesses are.

All of these companies except Nvidia have massive debts, and it will lead to them going bankrupt. OpenAI's models are worthless and they will go bankrupt. Oracle's hardware will become worthless and they will go bankrupt. Nvidia's hardware will become worthless, but they have paid for all of their fab capacity in advance, so they will just lose a shitton of money and become the modern day Cisco.

[–] Natanox@discuss.tchncs.de 7 points 15 hours ago (1 children)

Oracle's infrastructure will still have value, however that doesn't mean the company can't crash and burn for its assets to eventually be sold. To my knowledge Oracle, by now, is basically dependent on OpenAI contracts financially. If OpenAI falters Oracle wouldn't be able to survive without someone even bigger stepping in and keeping them afloat.

[–] unemployedclaquer@sopuli.xyz 0 points 12 hours ago

Yes. I knew some uc and Xavier kids when I was a student from elsewise, they knew how to play cards

[–] unemployedclaquer@sopuli.xyz 1 points 12 hours ago* (last edited 12 hours ago)

Good on you for having a coherent defense for your investment. Your bad investment. But I do like you

[–] stoly@lemmy.world 1 points 12 hours ago

I just sold all my Nvidia. I wanted to get ahead of the eventual drop.

[–] zxqwas@lemmy.world 1 points 15 hours ago (3 children)

Short sell their stock. You'll make tons of money if you're right.

[–] surewhynotlem@lemmy.world 6 points 12 hours ago

The market can stay irrational longer than you can stay solvent.

Just buy it post crash. Assuming the dollar still exists.

[–] Corkyskog@sh.itjust.works 5 points 14 hours ago

Not if it doesn't happen quickly enough.

[–] unemployedclaquer@sopuli.xyz 1 points 12 hours ago

What I did is i stort snell. I go to Xavier game parties. It works out!

[–] unemployedclaquer@sopuli.xyz 0 points 12 hours ago

You said "circular financing' like you think that's, uh, well my ex is looking for investment opportunities