Nvidia's Grotesque Customer Financing Scheme
Posted by freedomforall 1 month ago to Economics
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
"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 ... "
-----------------------------------
Rinse and repeat for fake prosperity
