Investors may also be growing jittery about the “circular funding” at the heart of the AI industry, through which artificial intelligence firms finance one another.
On Monday, the Wall Street Journal reported that Nvidia was in discussions with OpenAI about providing $250bn (£188bn) for a massive datacentre project in Ohio. Backing from Nvidia, which has an investment grade credit rating, could make it less expensive to raise funding for the project.
Literally the only thing they have is circular funding…
The only people that can afford to build data centers, are the people selling chips to data centers…
That should set off alarm bells in any rational mind, because even after built, no one has a plan to monetize it.
There’s no path to long-term profits here, everyone not in the circle is just assuming they’ll be the first ones to decide to pull out.
If enough gets pulled, it makes the rest panic and there will be a crash.
It’s gonna happen, because there’s too much money at stake for investors to risk it. One day we’ll just hear that it’s over and have to deal with the mess.
It would be funny if quatum chips took a massive development boost all if a sudden. Making them exonomically feasible and making all thise datacenters effectiveky obsolete. That’s not going to happen, but one can dream.
Literally the only thing they have is circular funding…
The only people that can afford to build data centers, are the people selling chips to data centers…
That should set off alarm bells in any rational mind, because even after built, no one has a plan to monetize it.
There’s no path to long-term profits here, everyone not in the circle is just assuming they’ll be the first ones to decide to pull out.
If enough gets pulled, it makes the rest panic and there will be a crash.
It’s gonna happen, because there’s too much money at stake for investors to risk it. One day we’ll just hear that it’s over and have to deal with the mess.
It would be funny if quatum chips took a massive development boost all if a sudden. Making them exonomically feasible and making all thise datacenters effectiveky obsolete. That’s not going to happen, but one can dream.