Makes you wonder what they’re going to do with all this hardware they’re buying? I hope that they (the ultra rich) are the ones to hold the bag for once in their lives.
Just kidding, they’ll probably get a bailout from our (US) corrupt government.
If I recall, the hardware isn’t actually “bought”.
Altman just signed super-not-binding pinky promises with Hynix & Samsung that he’d mop up all of their DRAM inventory.
And now that data center buildouts are getting shitcanned, we’re seeing Micron stock tumble, because they threw it all away for that sweet, sweet AI payout.
Makes you wonder what they’re going to do with all this hardware they’re buying? I hope that they (the ultra rich) are the ones to hold the bag for once in their lives.
Just kidding, they’ll probably get a bailout from our (US) corrupt government.
If I recall, the hardware isn’t actually “bought”.
Altman just signed super-not-binding pinky promises with Hynix & Samsung that he’d mop up all of their DRAM inventory.
And now that data center buildouts are getting shitcanned, we’re seeing Micron stock tumble, because they threw it all away for that sweet, sweet AI payout.
Even with a bailout, I’ll take some admission of making a mistakes over the insanity we have today.
Yeah the AI bubble is going to explode soon. I’m going to be super happy, but the economy will be fucked for everybody.
Not only that, they will get bailed out with borrowed tax monies.