You guys think it will be together with the “AI” bubble or that it will independently pop sooner? Because all of the prices currently are inflated deliberately using artificial scarcity and preying on FOMO.
You guys think it will be together with the “AI” bubble or that it will independently pop sooner? Because all of the prices currently are inflated deliberately using artificial scarcity and preying on FOMO.
The underlying issue is that companies are selling ML hardware that doesn’t exist to data centres that do not exist, which have demand that does not exist. I call it artificial scarcity because there is no beneficiary at the end of this chain. It’s money that basically goes around in a circle between oligarchs, they play hot potato as if it were NFTs. And of course, Nvidia, AMD and Intel are very happy to sell to lunatics who think their data center is a goldmine, as Jensen puts it frequently. In a Gold Rush, only shovel salesmen make money.