sanitation'At some point you've got to make money': Goldman's top AI skeptic warns the clock is running out ahead of OpenAI and Anthropic IPOs
OldQWERTYbastardI want to see everyone hop on the IPOs and ride them all the way down to the floor!
Fuck AI
If I wasn’t convinced the entire financial system was fraudulent I would be shorting the fuck out of all of them
“The market can remain irrational longer than you can remain solvent”
BeatTakeshiEspecially since Nvidia has reached the “too big to fail” level; guess who’s gonna pay again for the upcoming crisis?
Source? Not doubting you, just would like to know the criteria.
There isn’t a completely objective criteria, from Wikipedia:
Federal Reserve Chair Ben Bernanke also defined the term in 2010: “A too-big-to-fail firm is one whose size, complexity, interconnectedness, and critical functions are such that, should the firm go unexpectedly into liquidation, the rest of the financial system and the economy would face severe adverse consequences.”
NVIDIA currently makes up nearly 7.5% of the S&P 500 (not to mention that they have invested a lot in the other companies and those companies have invested in NVIDIA). If they were to suddenly be liquidated I’d say that would cause ‘severe adverse consequences’ to the economy.
And it would likely cause a ripple to other tech companies, which which make up roughly 1/3 of the entire US stock market.
Thanks, especially for the figures, that helped a lot.
Thank you indeed. On my side I only remembered the news back in November that nvidia weighted 16% of the US GDP. Now of course comparing valuation and GDP is not really meaningful but the idea stuck.
