Nvidia Allegedly Engineered Scarcity by Funding AI Startups to Buy Its GPUs
(www.techpowerup.com)
Did you know that a lot of the Nvidia consumer cards are artificiality throttled for AI use? A hacker unlocked it without overclocking or anything like that.
Damn he really was just the one chosen to take the fall
So sanction violations, insider trading, and now market manipulation? This is going to get so ugly.
The fact that all of this comes to light at the same time is almost overly convenient. It feels like big players who knew of this sat on all of it in order to hatch an egg by shorting the stock
It's bizarrely thrust on us hard. I wonder if the establishment is actively creating pariahs for an imminent bubble burst.
The story does seem overly pushed. I hang out in tech circles so I wasn't surprised to hear about it at first but then they were actively talking about it at work which kind of felt odd (not exactly tech people for the most part). The story is all I'm hearing about now.
Some might have, Trump sold out in August according to his disclosures. I don't know if that would have included short positions.
Put them all in prison
I doubt the USA is able to effectively regulate their markets, prosecute and jail offenders, after years of deregulation. Even when crooks are jailed, the grifter in chief pardon them.
No way, the scam was a scam?!
The real scam is that the rich keep getting away with it, when it has been very obvious to anyone watching closely.
Always has been
Just a reminder that a bunch of companies have secured loans with their existing GPUs as collateral, so if the scarcity is artificial and prices adjust once the scarcity dries up, then a lot of those loans will be need to be recollateralized. Not sure exactly how that happens but if it’s like a margin call… that will accelerate things a lot.
Even if the scarcity wouldn’t get better, these GPUs will be considered ancient in a couple of years and when the competition already has the newest stuff, the collateral will still drop massively in value which could also trigger recollateralisation. It was very stupid to begin with to accept GPUs as collateral.
This could be fantastic news but by the time the chip foundries are reassigned to ram and ssds and GPUs we can use, how many of us will have money to buy them as the economy crumbles?
as someone who's been made redundant because of AI, I can't wait for this cookie to crumble.
This is just standard capitalism isn't it? What's the big deal? The president of capitaland and his whole stupid family are blatantly insider trading. Rigging the market has been capitalism 101 for a century
WE KNOW
