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So, interestingly, the same happened during the dot-com bubble, with less money though, but it kept the bubble afloat for around 6 months for a year (don't make
by orwin 1y ago
So, interestingly, the same happened during the dot-com bubble, with less money though, but it kept the bubble afloat for around 6 months for a year (don't make any predictions about now, the amounts aren't the same, neither is global GDP percentage, and borrowing rate can fall to 0).
Cisco and other infrastructure companies 'invested' in dot-com companies, who paid datacenter companies who paid Cisco and infrastructure companies.
When you see Nvidia investing 100 billions into OpenAi who promised to Oracle at least 150 billions of investments (which means oracle RTO on 10 year is like 400 billion now, around 4x what it was before Nvidia investment), and Oracle will buy its chips, which are the cost driver for AI datacenter, from Nvidia.
Which is probably the most circular economy-like capitalism can do, in a way, as a leftist I should be happy.