You also have the circular investment. NVIDIA puts money into OpenAI. It uses that money to buy computing power from Oracle, who then fills its datacenters with hardware from NVIDIA. Everybody's valuation rises.

Edit: valuation, not validation

[–] hemko@lemmy.dbzer0.com 137 points 1 day ago (1 children)

Insert 2 economists eating shit joke

[–] TropicalDingdong@lemmy.world 48 points 1 day ago (1 children)

Go on..

[–] hemko@lemmy.dbzer0.com 212 points 1 day ago (3 children)

Two economists are walking in a forest when they Come across a pile of shit.

The first economist says to the other "Ill pay you $100 to eat that pile of shit." The second economist takes the $100 and eats the pile of shit.

They continue walking until they come across a second pile of shit. The second economist turns to the first and says "l pay you $100 to eat that pile of shit." The first economist takes the $100 and eats a pile of shit.

Walking a little more, the first economist looks at the second and says, "You know, I gave you $100 to eat shit, then you gave me back the same $100 to eat shit. can't help but feel like we both just ate shit for nothing." "That's not true", responded the second economist. "We increased the GDP by $200!"

[–] merc@sh.itjust.works 2 points 12 hours ago

Plus, at least one of the two economists got really, really hard watching his buddy eat some shit.

[–] Damage@feddit.it 29 points 1 day ago (1 children)

I knew this joke as two people selling a painting back and forth

[–] hemko@lemmy.dbzer0.com 64 points 1 day ago

Economists eating shit is funnier

[–] GreyEyedGhost@lemmy.ca 6 points 1 day ago

This works better with an accountant and an economist.