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alessandro ( alessandro@lemmy.ca )  to PC Gaming@lemmy.caEnglish · 7 hours ago

Instead Of Lowering GPU Prices, Former NVIDIA CEO Jensen Huang Reportedly Financed AI Startups To Absorb Excess Silicon, Shattering The Shortage Perception

wccftech.com

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Instead Of Lowering GPU Prices, Former NVIDIA CEO Jensen Huang Reportedly Financed AI Startups To Absorb Excess Silicon, Shattering The Shortage Perception

wccftech.com

alessandro ( alessandro@lemmy.ca )  to PC Gaming@lemmy.caEnglish · 7 hours ago
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New details reveal that former NVIDIA CEO Jensen Huang used circular financing to fund AI startups and absorb excess TSMC wafers and memory rather than letting GPU prices drop
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  • Burn_The_Right ( Burn_The_Right@lemmy.today ) 
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    47 minutes ago

    Market manipulation that materially harms a segment of our economy should be a federal crime. This motherfucker belongs in prison.

  • gravitas_deficiency ( gravitas_deficiency@sh.itjust.works ) 
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    3 hours ago

    While Jensen can’t be faulted for making these moves because he was keeping the best interests of the company in mind, it’s a stab in the back for gamers and hardware owners who are unable to locate any mouth-watering deals for GPUs or memory because of the perceived shortage.

    Uh, yes the fuck he can be faulted for making these moves, because the entire situation was CLEARLY a deeply unsustainable, unethical, and financially risky strategy that effectively amounts to market manipulation and supply-side collusion, which is now demonstrably coming apart at the seams. And according to this article, Huang effectively bullied the then-CFO, who is now the interim CEO, in the interest of getting her to reduce or drop her objections to said shitty business strategy. I guess the silver lining is that he didn’t have an affair with her…?

    Honestly, this whole saga is becoming a lurid and graphic demonstration of how caustic tech leadership these days in the US has turned into a cult of personality these days.

    • ルルㇲ ( arules@retrofed.com ) 
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      1 hour ago

      Whole lot of words to say “capitalism did gamers dirty!! :omya_cloudflare:” 🎻

      • apotheotic (she/her) ( apotheotic@beehaw.org ) 
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        1 hour ago

        Tbf, capitalism didn’t just do gamers dirty. The ai bubble and circular financing bullshit is eroding the quality of life of people everywhere

        • ルルㇲ ( arules@retrofed.com ) 
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          1 hour ago

          welcome to 3000 BCE. Pharaoh wants his dick wet. something the Nile dried up. Suck dick or starve?

          • apotheotic (she/her) ( apotheotic@beehaw.org ) 
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            16 minutes ago

            Is this pro- or anti-capitalist? Lol

    • Midnitte ( Midnitte@beehaw.org ) 
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      3 hours ago

      Yea the new CEO (who was the CFO) doesn’t seem all on board with the strategy at all

      • DeadEndLink ( DeadEndLink@lemmy.ca ) 
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        1 hour ago

        It will be ultra ironic if Chinese espionage ultimately becomes the catalyst for correcting the engineered tech shortage for individual users.

  • eestileib ( eestileib@sh.itjust.works ) 
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    6 hours ago

    Ed Zitron is about to go Super Saiyan.

  • lime! ( lime@feddit.nu ) 
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    6 hours ago

    uh, the referenced wsj article doesn’t really talk about this strategy at all. there’s at anecdote about soup, that’s basically it.

    • Lojcs ( Lojcs@piefed.social ) 
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      4 hours ago

      Not a single mention of tsmc or silicon excess at all. Wccf writing fanfiction? Wrong source?

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