Tech companies invested in AI: AI is amazing (so good, it might kill us all, help?), and the ROI is going to be amazing.
NVIDIA specifically: We will allocate cash in strange deals that makes it looks like we're making investments but actually we're buying sales from those companies as they'll spend the money back with us, and everyone seems to think that's OK because the share price is going stinkers.
Cynics: AI is a scourge on society, and the fiscals are circular and a scourge on the economic stability of the planet.
The more nuanced argument I take is that Zitron is right about the circular finances and hyperinflation of valuations, and wrong about the utility of AI to help people. The Tech companies are just outright wrong about the finances, but right about everything else. And, NVIDIA's time will come, and it won't be pretty.
None of this requires me to believe that if Ed says something it must be true or false. It's just another data point, and he does uncover information I can't find myself that checks out. The fact he is wrong about the functional utility of AI or that he's getting super focused on hyperscalers when the real issues are in Oracle and NVIDIA, I can live with.
Tech companies invested in AI: AI is amazing (so good, it might kill us all, help?), and the ROI is going to be amazing.
NVIDIA specifically: We will allocate cash in strange deals that makes it looks like we're making investments but actually we're buying sales from those companies as they'll spend the money back with us, and everyone seems to think that's OK because the share price is going stinkers.
Cynics: AI is a scourge on society, and the fiscals are circular and a scourge on the economic stability of the planet.
The more nuanced argument I take is that Zitron is right about the circular finances and hyperinflation of valuations, and wrong about the utility of AI to help people. The Tech companies are just outright wrong about the finances, but right about everything else. And, NVIDIA's time will come, and it won't be pretty.
None of this requires me to believe that if Ed says something it must be true or false. It's just another data point, and he does uncover information I can't find myself that checks out. The fact he is wrong about the functional utility of AI or that he's getting super focused on hyperscalers when the real issues are in Oracle and NVIDIA, I can live with.