alessandro

The magical AI money tree grows more leaves as Meta and AMD sign a deal for up to $60 billion in GPUs and a 10% stake in AMD

https://lemmy.ca/post/60920458

The magical AI money tree grows more leaves as Meta and AMD sign a deal for up to $60 billion in GPUs and a 10% stake in AMD - Lemmy.ca

Lemmy

Feb 24 at 7:51pmWeb
Show threadWatDabneyFeb 24
If it isn’t already and by design, this whole AI thing is going to end up being essentially a ponzi scheme.
Show threadStinkyFingerItchyBumFeb 24
It’s a crazy risk to have all these circular investments in eachother. It sounds awefuly close to round-trip/circular investment fraud.
Show threadmeathorseFeb 24
Indeed, I personally think the purpose is to tie AI so tightly and interwoven into these huge, important companies, when the bubble pops, it’ll take down the entire US tech stack… Unless the US govt bails out all of them!
Show threadSaveTheTuaHawkFeb 24

infinite energy

Show threadbitjunkieFeb 24

Big tech rn

Show threadScratchFeb 24
Problem, investors?
Show threadgravitas_deficiencyFeb 24
Show threadKindness is PunkFeb 24
10% stake in AMD? What am I going to do now? Move to RISC-V?
Show threadfrazwFeb 24
That’s what I was thinking. Meta is poison.
Show threadPhoenixzFeb 24

Yes

I’m currently AMD only (you have to be a real idiot to still use Intel at this point) but if Facebook gets it’s grubby hands on AMD hardware, I’m out.

Yay for RISK-V, I guess

Show threadyeehawFeb 24
But muh games… and valve hardware…
Show threadNewNewAugustEastFeb 24
Oh shit. They really signed a deal to get 10 percent of AMD? Dammit! Now what will I buy? And time to sell their stock. fuck everything about this.
Show threadnot_that_guy05Feb 24
Yup sold that stock 2 weeks ago. I will not support a company that helps Meta or is partially owned by Meta.
Show threadryannathansFeb 24
Fun fact companies worse than meta regularly buy and sell shares and options in pretty much everything
Show threadianhclark510Feb 24
Is it horrible to say that Meta buying 10% of AMD is the closest they’ve been to having a product that anyone cared about in a long time
Show threadLiveLMFeb 25
I suppose the Meta Quest headsets are still very well liked.
They can’t make people use their dogshit VRChat no matter how hard they try, but the hardware itself is fine.
Show threadrogssonFeb 24
Have they collectively lost their minds? This is like buying a bucket of lava while swimming in a volcano kind of stupid
Show threadSaveTheTuaHawkFeb 24
Rewatch The Big Short. The stupidity of US finance guys is legend.