alessandroFeb 24

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

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 threadStinkyFingerItchyBum
It’s a crazy risk to have all these circular investments in eachother. It sounds awefuly close to round-trip/circular investment fraud.
Feb 24 at 8:36pmWeb
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!