4 ms·

Pretty good indicator of the nonsense hype bubble of AI!

by stevebmark 2y ago

dboreham 2y ago
I'm AI-positive (now), but yes this sounds like a chip bubble. NVIDIA seem to be good at chasing these bubbles -- first crypto mining, now AI. It wouldn't surprise me to find one of the major buyers is a speculator (hedge fund led by crypto bros, for example).
- findthewords 2y ago
  I've seen gluts not followed by shortages, but I've never seen a shortage not followed by a glut. - Nassim Nicholas Taleb, Twitter, 2021-09-11 https://x.com/nntaleb/status/1436776641536090117 https://x.com/nntaleb/status/1436776641536090117
- cdchn 2y ago
  I'm crypto bearish and AI-neutral but it seems less to me like NVIDIA chasing bubbles and more like new and interesting applications for the type of compute that NVIDIA offers keep emerging.
qwertox 2y ago
It's not like AI hasn't been delivering during these past 3 years, and it's just getting started. There's no one stealing market share from Nvidia at the moment. Groq and Tenstorrent are extremely promising, but both are still private companies. Once Groq goes public, Nvidia will tank a bit for a while while all the "experts" announce the end of Nvidia. I wouldn't be surprised if then Nvidia would then also sell specialized AI accelerators, if they find that segment attractive enough due to losses in general GPU demand created by those companies.
- philistine 2y ago
  What has it been delivering? Who’s making money from this stuff? To quote Steve Jobs when talking to Dropbox: you guys don’t have a product, you have a feature.
  - deleted 2y ago
    [deleted]
  - CamperBob2 2y ago
    (Shrug) Jobs is dead, and Dropbox has an $8B market cap.
    - noirbot 2y ago
      And what's Apple's services revenue off of iCloud?
- dagmx 2y ago
  To be pedantic, AMD have dramatically grown their data center share with their alternatives over the past quarter. So there is definitely some market share being lost.

4 ms·

Pretty good indicator of the nonsense hype bubble of AI!

by stevebmark 2y ago

Pretty good indicator of the nonsense hype bubble of AI!

dboreham 2y ago
I'm AI-positive (now), but yes this sounds like a chip bubble. NVIDIA seem to be good at chasing these bubbles -- first crypto mining, now AI. It wouldn't surprise me to find one of the major buyers is a speculator (hedge fund led by crypto bros, for example).
- findthewords 2y ago
  I've seen gluts not followed by shortages, but I've never seen a shortage not followed by a glut. - Nassim Nicholas Taleb, Twitter, 2021-09-11 https://x.com/nntaleb/status/1436776641536090117 https://x.com/nntaleb/status/1436776641536090117
- cdchn 2y ago
  I'm crypto bearish and AI-neutral but it seems less to me like NVIDIA chasing bubbles and more like new and interesting applications for the type of compute that NVIDIA offers keep emerging.
qwertox 2y ago
It's not like AI hasn't been delivering during these past 3 years, and it's just getting started. There's no one stealing market share from Nvidia at the moment. Groq and Tenstorrent are extremely promising, but both are still private companies. Once Groq goes public, Nvidia will tank a bit for a while while all the "experts" announce the end of Nvidia. I wouldn't be surprised if then Nvidia would then also sell specialized AI accelerators, if they find that segment attractive enough due to losses in general GPU demand created by those companies.
- philistine 2y ago
  What has it been delivering? Who’s making money from this stuff? To quote Steve Jobs when talking to Dropbox: you guys don’t have a product, you have a feature.
  - deleted 2y ago
    [deleted]
  - CamperBob2 2y ago
    (Shrug) Jobs is dead, and Dropbox has an $8B market cap.
    - noirbot 2y ago
      And what's Apple's services revenue off of iCloud?
- dagmx 2y ago
  To be pedantic, AMD have dramatically grown their data center share with their alternatives over the past quarter. So there is definitely some market share being lost.