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Isn't this basically what influencers do?
Arguably OpenAI has actual influence unlike anyone calling themselves "influencer", but yes
The list of publicly traded influencers is very short.
Or you know, buy the chips fair and square, buy the stock fair and square, provide a service that's worth something, and make profit from both transactions.
You just dont understand business!
/s
It is way more work to provide value than it is to bribe the regulators to agree that you provided value.
Isn't this basically a kind of insider trading? They wouldn't be allowed to buy that stock, knowing that this deal is about to happen, but receiving it as part of the deal is okay? That doesn't feel right to me.
The rules about insider trading only exist to make poor people feel better.
the SEC does not exist under republican administrations and it only exists to protect rich people under democrat ones, as it has been literally since it was created.
whole goddamn US economy is built around speculation and insider trading trying to get an edge on that speculation
Do you think rule of law exists in the US?
Any deal involving whole percentages of stock will affect the stock price, it's insider trading when you get a call from someone at AMD before the deal is public, so you can profit. It's not insider trading for AMD executives to exercise their stock options (which they already had) to profit from the stock movement they just authorised
Nah, they are rich so it should be fine.
Was this a real conversation? Jeez lol
Matt Levine is a wall Street lawyer who now does opinion pieces for Bloomberg, usually pretty informative and well written. Here's the full piece
You’re paid in exposure.
It's going to be a fucking bloodbath when it bursts.
Assuming it ever bursts.. Do the people in power want the bust?
It fucking should be. It's been nearly as much an annoyance in my feed as Sovcit Hussein. Death to AI and the bastards trying to shove it down our throats.
So basically they're paying in exposure.
There's a mildly amusing bit in there about disrespecting artists and not wanting to pay them money for their work that I'm not a good enough writer to execute (guess I should've asked chatgpt to do that for me and posted the result as my own original work do not steal instead of this nonsense ramble).
I see the vague shape of what you were going for, and had you executed it, I'm sure I would have snorted lightly in mirth.
The notion of having had the hypothetical potential to amuse even one person is payment enough for me.
Perhaps you could get AMD to pay you $35 billion for the hypothetical potential of amusement later on.
Nah, that's okay, I REALLY don't want any stocks. That would ruin my reputation in my radical leftist antifa terrorist bubble.
If they say they are gong to pay artists the stock will not go up
NVIDIA's deal makes much more sense. Will use OpenAI revenue to buy shares in OpenAI and still profit if OpenAI goes bankrupt.
This is less a "vote of confidence" in AMD, because shit is free for OpenAI here. I too will buy all the AMD GPUs if you give me AMD stock of same or greater value. This deal structure actually makes AMD look terrible and unconfident in its product. But deal is not transparent enough.
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
AMD too?
So, assuming that Intel is also on the wrong side of history as usual (and that their cards are actually good for gaming, of which I'm not convinced) , you literally can't buy a decent gaming GPU without paying into the AI nonsense?
they're all playing the same game
Look, the recent CPU lineup had AI in its name, has dedicated cores in it. Because Windows wants to do AI things or whatever.
its
Nope sadly, AI needs GPUs and it makes up the bulk of sales of these chips now.
It would be suicide for any of the companies that could make these processors to not go after the biggest market. The result of a company not doing that would be watching all their competitors grow and advance their products whilst their company's value drops and products stagnate, possibly to a point that recovery to competitiveness would be hard if not impossible.
When AMD's biggest market was Litecoin (and derivatives like Dogecoin) mining and Nvidia's hardware was pants at mining, they initially couldn't increase production of the HD 7000 series quickly enough, so the initial glut of money went to scalpers. They responded by making huge volumes for the Rx 200 series, but shortly after it launched, Litecoin mining ASICs became available and GPU mining stopped being viable. That meant that:
This wasn't the only time ATi/AMD took a calculated risk and it backfired horribly, so with their history of bad luck, chasing the AI bubble in any way that involves risk instead of just selling things for money might be a bad idea.
That's how I got a R9 290 for "cheap," and continued to use it for something like 10 years (replaced it just a couple years ago).
The AI cards don't have video-out though :(
