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
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.
Clearly the 人🧵 making fun of gamers relearning capitalism for the first time, and crining at their ignorance is Procapitalist 100%. Almost like ragebaiting that we should all aspire to create artificial scarcity to starve people in African, Palestine, & Ukrainian so we get precious metals for my gaming needs.
in case you’re in the spectrum, the 2nd paragraph is oozing with sarcasm.
The correction after the midterms did as much to expose these issues as the timing of the honey pot investigations. It was all an unsustainable house of cards (still is, the real correction has yet to begin).
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.
Whole lot of words to say “capitalism did gamers dirty!!
” 🎻
Tbf, capitalism didn’t just do gamers dirty. The ai bubble and circular financing bullshit is eroding the quality of life of people everywhere
welcome to 3000 BCE. Pharaoh wants his dick wet. something the Nile dried up. Suck dick or starve?
Is this pro- or anti-capitalist? Lol
It’s an over simplification of Capitalism, The First 5,000 Years by David Graeber.
Clearly the 人🧵 making fun of gamers relearning capitalism for the first time, and crining at their ignorance is Procapitalist 100%. Almost like ragebaiting that we should all aspire to create artificial scarcity to starve people in African, Palestine, & Ukrainian so we get precious metals for my gaming needs.
in case you’re in the spectrum, the 2nd paragraph is oozing with sarcasm.
Yea the new CEO (who was the CFO) doesn’t seem all on board with the strategy at all
It will be ultra ironic if Chinese espionage ultimately becomes the catalyst for correcting the engineered tech shortage for individual users.
The correction after the midterms did as much to expose these issues as the timing of the honey pot investigations. It was all an unsustainable house of cards (still is, the real correction has yet to begin).