Post Az1GXAMsFLzBwOIepM by GuerillaOntologist@social.coop
 (DIR) More posts by GuerillaOntologist@social.coop
 (DIR) Post #AyrVueQWD7K7Yh3tfU by cstross@wandering.shop
       2025-10-03T15:11:45Z
       
       0 likes, 0 repeats
       
       @laird A lot of it is probably churn by big corporate customers like MSFT, AAPL, and META who want to convince their shareholders they're all in on AI. Once the bubble bursts they'll have no reason to keep throwing money at OpenAI.
       
 (DIR) Post #AyrVugGJO2LbFcIm2K by david_chisnall@infosec.exchange
       2025-10-03T16:29:07Z
       
       0 likes, 0 repeats
       
       @cstross @laird For those who haven't been watching:A load of AI companies are actually just OpenAI resellers.  OpenAI is among the biggest investors in these companies, but NVIDIA is also big.  The way it works is something a bit like this:NVIDIA invests $10M in some AI company.That company takes $2M in revenue for effectively reselling OpenAI models at well below cost.That company buys $12M of OpenAI credits (from their revenue plus investor money).OpenAI reports $12M of revenue and uses this to justify raising $100M more investor money.OpenAI buys $100M of GPUs from NVIDIA.NVIDIA reports $100M of revenue and an asset worth at least $10M.Everyone wins!  Money from thin air!There's a more fun variant that is, roughly:Investment firm has a $100M stake in NVIDIA.Investment firm borrows $50 against this stake and uses it to invest in a load of AI startups (maybe even OpenAI).Demand for GPUs goes up!NVIDIA valuation increases significantly and now the firm's NVIDIA portfolio is worth $1BCompany slowly sells 20% of their stake (slowly, so it doesn't spook the market, but it's a fairly small fraction of market cap, so that's fine).Company writes off the $50M investment in startups.Company now has $150M in cash and an NVIDIA stake valued at $800M that they can borrow against.If anyone except Trump were in the White House, I'd expect the end result of a bunch of SEC investigations to result in a lot of folks going to prison.
       
 (DIR) Post #AytpsKiktNknGJgTA0 by lproven@social.vivaldi.net
       2025-10-05T12:02:46Z
       
       1 likes, 0 repeats
       
       @scottgal @cstross @david_chisnall I still don't buy it and I'm sorry but to me this still sounds like back-pedalling and attempted justification.It's a token prediction machine. All this guff about "lacking life experience" is as utterly irrelevant to the discussion as showing the Mona Lisa to a power drill.It's a big database of word frequency correlation statistics built by a fairly simple program. Drop all the "life experience" nonsense. It can no more miss important life experience than a copy of Oracle 8 could enjoy going to the beach.There is no "It" to have experiences here. It's a list of numbers. You could copy it into a DVD. Stop anthropomorphising it.
       
 (DIR) Post #Az1GX8rzofgzIKqU3k by oddhack@mstdn.social
       2025-10-04T00:32:24Z
       
       0 likes, 0 repeats
       
       @david_chisnall @cstross @laird I've been thinking for a while that NVIDIA's operating model has become:1. Identify compute-intensive scam (crypto, LLM)2. Tweak GPU product pipeline to enable scam3. Push scam incessantly to get customers to buy tweaked products4. Identify next scam before previous one burns out.Also, there is a special place in Hell reserved for whomever decided to label smallish matrices as "tensors" in LLM-speak. They aren't *wrong*, just wildly misleading.
       
 (DIR) Post #Az1GXAMsFLzBwOIepM by GuerillaOntologist@social.coop
       2025-10-04T13:08:21Z
       
       1 likes, 0 repeats
       
       @oddhack @david_chisnall @cstross @laird via: https://www.wheresyoured.at/the-case-against-generative-ai/