mhoyeTo spell this out clearly, the reason RAM has quadrupled in price is that a huge quantity of RAM that hasn't been produced yet has been bought with money that doesn't exist to populate GPUs that also haven't been produced to go in datacenters that haven't been built powered by infrastructure that may never exist to meet a demand that doesn't exist at all to make profit margins that mathematically can't exist while economists talk about this thing they call the "rational markets hypothesis".
Gabriele Svelto@mhoye yes, that's pretty much what happened with the important exception of things being "sold". Nothing was actually sold. Only letters of intents were signed. No money changed hands, no contracts where drawn or signed, but prices were definitely manipulated. The rest is the usual smoke & mirrors we get when dealing with AI.
@gabrielesvelto God. Ok, I've added "money that doesn't exist" to the litany.
Jeremy Kahnif this were generally a "hypothesis" then this suggests that perhaps we are ready to adopt the null hypothesis instead
@trochee @gabrielesvelto The rational in "rational markets hypothesis" is a use of the term "rational" that I think @grimalkina would find... entirely familiar, even as she was picking it up with tongs and putting it in the bin outside with the rest of the trash.
@mhoye @gabrielesvelto @grimalkina
I'm quite sure that's the same "rational" as in Yudkowsky's "Rationalism"
Ignazio Palmisano@trochee @mhoye @gabrielesvelto @grimalkina I like "rational" as i "rational numbers can be expressed as fractions" and someone has been naughty and slipped in a zero under the line