NVIDIA Allegedly Engineered Scarcity By Funding AI Startups To Buy Its GPUs
www.techpowerup.com
Following the departure of now-former NVIDIA CEO, Jensen Huang, a new report by The Wall Street Journal (via Wccftech) has emerged alleging that NVIDIA artificially inflated the ongoing GPU and memory shortage by investing in AI startups that would go on to buy NVIDIA GPUs and build data centers....
  • Skyrmir@lemmy.worldEnglish
    6·
    30 minutes ago

    So sanction violations, insider trading, and now market manipulation? This is going to get so ugly.

  • CompactFlax@discuss.tchncs.deEnglish
    41·
    39 minutes ago

    This could be fantastic news but by the time the chip foundries are reassigned to ram and ssds and GPUs we can use, how many of us will have money to buy them as the economy crumbles?

    • Ariselas@piefed.caEnglish
      1·
      6 minutes ago

      as someone who’s been made redundant because of AI, I can’t wait for this cookie to crumble.

  • ∟⊔⊤∦∣≶@lemmy.nzEnglish
    1·
    15 minutes ago

    This is just standard capitalism isn’t it? What’s the big deal? The president of capitaland and his whole stupid family are blatantly insider trading. Rigging the market has been capitalism 101 for a century