Fuck 110 billion… These people have way too much money to burn. Literally throwing money away for some shit tech that so far hasn’t produced any returns and probably never will.
Yeah seriously, $Billions and $Trillions are too common in the media to have the impact they should have.
This one headline is discussing an investment of $110,000 MILLION Dollars. That’s enough to let an entire football stadium (either US version or everybody else version) of people retire tomorrow.
40 years of 100,000 people working $15 an hour would just barely make that much. Before taxes. And unpaid sick time. Of course. Sorry to be US-centric but we seem to be leading the way in this whole Road To Dystopia thing.
I’m not sure this is money laundering (that would imply there’s a bunch of dirty money to get clean). But it is a scheme for sure.
Most of that cash is going to be spent, either directly or indirectly, on hardware from nVidia and now I bet they’re going to use a bunch of cloud services from Amazon too.
Just inflating stock prices all round because for its investment in OpenAI, nVidia probably gets to own part of OpenAI + also one of the biggest end customers for their data center GPUs has more money to either build data centers or rent from existing providers.
Fuck 110 billion… These people have way too much money to burn. Literally throwing money away for some shit tech that so far hasn’t produced any returns and probably never will.
Yeah seriously, $Billions and $Trillions are too common in the media to have the impact they should have.
This one headline is discussing an investment of $110,000 MILLION Dollars. That’s enough to let an entire football stadium (either US version or everybody else version) of people retire tomorrow.
40 years of 100,000 people working $15 an hour would just barely make that much. Before taxes. And unpaid sick time. Of course. Sorry to be US-centric but we seem to be leading the way in this whole Road To Dystopia thing.
Sam Altman is a money launderer. he’s just holding the money so everyone else can say they don’t have money
I’m not sure this is money laundering (that would imply there’s a bunch of dirty money to get clean). But it is a scheme for sure.
Most of that cash is going to be spent, either directly or indirectly, on hardware from nVidia and now I bet they’re going to use a bunch of cloud services from Amazon too.
Just inflating stock prices all round because for its investment in OpenAI, nVidia probably gets to own part of OpenAI + also one of the biggest end customers for their data center GPUs has more money to either build data centers or rent from existing providers.