110 billion more pumped into a company with no sustainable business model in sight 🫧

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The merry go round of fake capital continues.

just the three biggest companies sinking $110 billion into a company that's never made a profit what bubble

We are grateful for the support from our partners and have a lot of work to do to bring you the tools you deserve.

What about the ram and storage I deserve?

So anyway, I pumped one of the biggest bubbles in history again

Can someone that lies better than me start-up a fake AI Company that's real purpose is to take all the memory and chips they have access to and sell them at a loss to normal people?
Not only would the prices come down , but we'd be actively screwing over all these giant companies that invested.

I profoundly hate this timeline

For that matter, how much does it cost to start a RAM manufacturer?

And how much of that 110 billion is real money and also isn't just rotating money that OpenAI sent to them?

Naaaa you think you deserve that but in reality you don't need that. You'll soon see how their products and tools make ram and storage redundant for you. I'm sure

Hopefully he’ll die painfully ☺️

110

Billion

Dollars

They’ll have you subscribe to their RAM and storage.

"The tools you deserve", lol. I'm sure they'll get exactly that.

The price wizard has spoken

Lucked out and got some to fill my empty slots for about the same I paid when I built the PC a year or so earlier. All the same, fuck this timeline.

Nvidia buying more of their own GPUs. Definitely not a bubble, just kind of circle shaped

Its not 110 billion up front. Its setup to hit 110 billion in several stages if they hit certain metrics like AGI or going public.

The first stage is something like 35 billion based on reports. 15 billion from Amazon, then 10 billion each from Nvidia and Softbank. Looks like Microsoft sat this round out since they arent name checked:

All of this adds a little more anxiety to OpenAI's alleged $100 billion funding round which, as The Information reports, Amazon's alleged $50 billion investment will actually be $15 billion, with the next $35 billion contingent on AGI or an IPO:

Under the terms of the investment, which are still being negotiated, Amazon would initially invest $15 billion into OpenAI, these people said. The other $35 billion could hinge on OpenAI reaching AGI or going public, the people said. The proposed Amazon investment is part of OpenAI’s current funding round, which could top $100 billion at a valuation of $730 billion before the financing.

And that $30 billion from NVIDIA is shaping up to be a Klarna-esque three-installment payment plan:

In addition, SoftBank and Nvidia each plan to invest $30 billion in three installments through the year as part of the round, said the people. Microsoft had been expected to invest low billions of dollars, The Information previously reported, but it could invest a smaller amount or none at all, according to two of the people.

Still a fuckton, but as usual Altman is hyping something that hasent actually happened.

Exactly. Nobody asked for AI.

What we ask for is cheap storage and RAM.

They are taking away something we want, and replacing it with something we don't want.

And also all the military contracts that Anthropic will no longer take

I cast Market Irrationality!

Nope, it's a 110 billion IOU...there is no money being passed around. That's why when this pops. It's gonna be grizzly.

Ballpark $100,000,000,000 and five years per factory.

Modern semiconductors are very complicated to produce.

What we ask for is cheap storage and RAM.

eh, I look at as: we already paid for cheap storage and ram, but the AI buildouts are gobbling those markets up instead of creating their own supply chains.

and that's just the teeny-tiny tip of the economic circle jerk that's going on.

I wish I could attach a generator to this circular flow... unlimited powaaaah

What could it cost..$10?

the tools you deserve

What did we do wrong to deserve this?

NVidia, AWS, and SoftBank are all involved in data center construction. Wonder how much of the $110B are essentially 'store credits' that just cycle back to them?

I DECLARE

INSOLVENCY

Look, it's simple. In capitalism it works like this:

Money = more money

Society = money

You = society

More society = more money

Society = more money

Thank you for your attention to this matter.

Hey, what if no money is real money. Then what?

Infinite Money Glitch

Let's not hope but make ☺️

I feel like we are already getting exactly that.

Letting the South live after the civil war.

The tools we deserve/need are cheap. A few pieces of wood and an angled blade.

It's easy. You buy a set of ram on Amazon and put your old sticks in the box when you return it.

I upgraded half the parts in my computer this way over a year ago. We really need to promote stealing from large corporations. It's silly how many people are still following the rules of society when they aren't.

I think that's what Jensen think's he's got

I do d'eclair!

I wanted to replace my 2TB HDD with an SSD.... but not for $400-$500.

I don't understand, ChatGPT isn't even a well performing AI. It's a household name, sure, but it's quality sucks.

I think this is just negging.

For the uninitiated

Maybe they are making it harder for us to get ram just to prevent us from running llms on our own hardware.

A lot of people won't have a computer/phone to make use of AI because of this 🤣

Don’t forget rope

The people that didn't have a chance to buy cheap storage and RAM yet didn't pay for it, did they? Not everyone bought components before the shortage. I bought a whole beast PC, so I was lucky, but not everyone had such timing.