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The magical AI money tree grows more leaves as Meta and AMD sign a deal for up to $60 billion in GPUs and a 10% stake in AMD
Post Reply RetroFed Forum Forum Index » PC Gaming
AuthorMessage
alessandro lemmy.ca alessandro@lemmy.ca
Joined: 2023-07-02
Quote

Link: https://www.pcgamer.com/hardware/graphics-cards/amd-and-meta-announce-yet-another-circular-megamoney-gpu-deal-this-time-for-usd60-billion-of-chips-and-potentially-a-10-percent-stake-in-amd-for-meta/
122   Original
WatDabney lemmy.dbzer0.com WatDabney@lemmy.dbzer0.com
Joined: 2024-12-12
#2 · Quote Reply

If it isn't already and by design, this whole AI thing is going to end up being essentially a ponzi scheme.
36
SaveTheTuaHawk lemmy.ca SaveTheTuaHawk@lemmy.ca
Joined: 2025-03-07
#3 · Quote Reply

infinite energy
63
gravitas_deficiency sh.itjust.works gravitas_deficiency@sh.itjust.works
Joined: 2023-06-20
#4 · Quote Reply

16
Kindness is Punk lemmy.ca KindnessIsPunk@lemmy.ca
Joined: 2025-05-21
#5 · Quote Reply

10% stake in AMD? What am I going to do now? Move to RISC-V?
35
frazw lemmy.world frazw@lemmy.world
Joined: 2023-06-09
#6 · Quote Reply
Kindness is Punk wrote:
10% stake in AMD? What am I going to do now? Move to RISC-V?

That's what I was thinking. Meta is poison.
22
StinkyFingerItchyBum lemmy.ca Thedogdrinkscoffee@lemmy.ca
Joined: 2025-02-26
#7 · (edited) Quote Reply
WatDabney wrote:
If it isn't already and by design, this whole AI thing is going to end up being essentially a ponzi scheme.

It's a crazy risk to have all these circular investments in each other. It sounds awfully close to round-trip/circular investment fraud.
24
bitjunkie lemmy.world bitjunkie@lemmy.world
Joined: 2024-06-19
#8 · Quote Reply
SaveTheTuaHawk wrote:
infinite energy

Big tech rn
36
Phoenixz lemmy.ca phoenixz@lemmy.ca
Joined: 2023-06-10
#9 · Quote Reply
Kindness is Punk wrote:
10% stake in AMD? What am I going to do now? Move to RISC-V?

Yes

I'm currently AMD only (you have to be a real idiot to still use Intel at this point) but if Facebook gets it's grubby hands on AMD hardware, I'm out.

Yay for RISK-V, I guess
23
NewNewAugustEast lemmy.zip NewNewAugustEast@lemmy.zip
Joined: 2025-06-19
#10 · Quote Reply

Oh shit. They really signed a deal to get 10 percent of AMD? Dammit! Now what will I buy? And time to sell their stock. fuck everything about this.
35
mrmaplebar fedia.io mrmaplebar@fedia.io
Joined: 2025-09-27
#11 · Quote Reply

Wow that is fucking trash.
14
village604 adultswim.fan village604@adultswim.fan
Joined: 2025-09-27
#12 · Quote Reply
SaveTheTuaHawk wrote:
infinite energy

My previous IT director used to work for the state, and had to fly across the state last minute because the server that had been set up wouldn't power on. The people there swore up and down everything was connected properly. And confirmed it was plugged into the wall.

He walked in, unplugged the power strip from itself, and plugged it into the wall.
23
not_that_guy05 lemmy.world not_that_guy05@lemmy.world
Joined: 2023-07-01
#13 · Quote Reply
NewNewAugustEast wrote:
Oh shit. They really signed a deal to get 10 percent of AMD? Dammit! Now what will I buy? And time to sell their stock. fuck everything about this.

Yup sold that stock 2 weeks ago. I will not support a company that helps Meta or is partially owned by Meta.
23
Scratch sh.itjust.works DScratch@sh.itjust.works
Joined: 2023-07-01
#14 · Quote Reply
bitjunkie wrote:
Big tech rn

Problem, investors?
10
ryannathans aussie.zone ryannathans@aussie.zone
Joined: 2023-09-20
#15 · Quote Reply
not_that_guy05 wrote:
Yup sold that stock 2 weeks ago. I will not support a company that helps Meta or is partially owned by Meta.

Fun fact companies worse than meta regularly buy and sell shares and options in pretty much everything
12
ianhclark510 lemmy.blahaj.zone ianhclark510@lemmy.blahaj.zone
Joined: 2023-06-09
#16 · Quote Reply

Is it horrible to say that Meta buying 10% of AMD is the closest they’ve been to having a product that anyone cared about in a long time
15
Sunspear piefed.social Sunspear@piefed.social
Joined: 2025-09-10
#17 · Quote Reply
ryannathans wrote:
Fun fact companies worse than meta regularly buy and sell shares and options in pretty much everything

Blackrock goes brrr
15
rogsson piefed.social rogsson@piefed.social
Joined: 2026-02-03
#18 · Quote Reply

Have they collectively lost their minds? This is like buying a bucket of lava while swimming in a volcano kind of stupid
8
yeehaw lemmy.ca cyberpunk007@lemmy.ca
Joined: 2023-08-09
#19 · Quote Reply
Phoenixz wrote:
Yes I'm currently AMD only (you have to be a real idiot to still use Intel at this point) but if Facebook gets it's grubby hands on AMD hardware, I'm out. Yay for RISK-V, I guess

But muh games... and valve hardware......
2
SaveTheTuaHawk lemmy.ca SaveTheTuaHawk@lemmy.ca
Joined: 2025-03-07
#20 · Quote Reply
rogsson wrote:
Have they collectively lost their minds? This is like buying a bucket of lava while swimming in a volcano kind of stupid

Rewatch The Big Short. The stupidity of US finance guys is legend.
7
meathorse lemmy.world meathorse@lemmy.world
Joined: 2023-07-08
#21 · Quote Reply
StinkyFingerItchyBum wrote:
It's a crazy risk to have all these circular investments in each other. It sounds awfully close to round-trip/circular investment fraud.

Indeed, I personally think the purpose is to tie AI so tightly and interwoven into these huge, important companies, when the bubble pops, it'll take down the entire US tech stack... Unless the US govt bails out all of them!
10
LiveLM lemmy.zip LiveLM@lemmy.zip
Joined: 2023-07-12
#22 · (edited) Quote Reply
ianhclark510 wrote:
Is it horrible to say that Meta buying 10% of AMD is the closest they’ve been to having a product that anyone cared about in a long time

I suppose the Meta Quest headsets are still very well liked.
They can't make people use their dogshit VRChat clone no matter what but the hardware itself is fine.
3
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