Market manipulation that materially harms a segment of our economy should be a federal crime. This motherfucker belongs in prison.
why would they criminalize their entire economic system‽
yeesh, a lot of people really missed out on politics 101.
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.
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.
I am on the spectrum so I appreciate the clarity :)
yw😁
Now let’s
these capis!✊🏿
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).
Ed Zitron is about to go Super Saiyan.
uh, the referenced wsj article doesn’t really talk about this strategy at all. there’s at anecdote about soup, that’s basically it.
Did some digging and thought to repost in case others wonder the same:
Doesnt help the wall street journal article is paywalled. I found other sources citing the wall street journal article which confirm that the CFO warned about an avalanche of over supply and the circular financing scheme.
At the August meeting, Huang expressed concern that major cloud providers were exploring alternative chips while Nvidia faced an “avalanche” of commitments to purchase chip wafers and memory.
Those concerns followed a financing initiative involving Huang’s son-in-law, Nvidia Vice President Nico Caprez, who helped arrange financial guarantees for cloud providers and data-center developers purchasing Nvidia products.
Not a single mention of tsmc or silicon excess at all. Wccf writing fanfiction? Wrong source?
Edit: nvm
What do you mean? As this part interested me the most. Not just NVidea’s market manipulation but the reality that the shortage was actually a glut. I dont think many analysts seen the latter coming and that could have huge implications across the industry.
The Dot Com bubble wasnt due to new websites going under. It was the massive over supply of equipment that did not meet actual demand.
I’m agreeing with the comment above, these things that the wccf article mentions aren’t present in the article they cite as source. So either they’re making it up or they linked the wrong source
Edit: nvm
From my understanding the article exaggerates whether there was a complete shortage but the wall street journal article does confirm the CFO warned about an avalanche of excess memory and wafers coming due to circular financing schemes. That, consumer-focuses exaggerations aside, is still huge.
It also implies much of the AI startups industry has been kept afloat by subsided computing credits which were a part of this circular funding scheme.
So it’s option 3: I can’t read
Doesnt help the wall street journal article is paywalled. I found other sources citing the wall street journal article which confirm that the CFO warned about an avalanche of over supply.
At the August meeting, Huang expressed concern that major cloud providers were exploring alternative chips while Nvidia faced an “avalanche” of commitments to purchase chip wafers and memory.
Those concerns followed a financing initiative involving Huang’s son-in-law, Nvidia Vice President Nico Caprez, who helped arrange financial guarantees for cloud providers and data-center developers purchasing Nvidia products.
