4 ms·
Yes. In fact that's not just normal, that's very frequent in market.
by YetAnotherNick 8mo ago
Yes. In fact that's not just normal, that's very frequent in market.
- MBCook 8mo agoPlease provide historical examples.
- MrBuddyCasino 8mo agoThe first known example is the 6th century BC, where a greek philosopher cornered the market on olive oil presses, because he predicted a richt harvest via his knowledge of astronomy: https://en.wikipedia.org/wiki/Cornering_the_market#Thales_of_Miletus_(c._6th_century_BC) https://en.wikipedia.org/wiki/Cornering_the_market#Thales_of...
- YetAnotherNick 8mo agoTyson Foods, Cargill, JBS, and National Beef controls roughly 85% of the U.S. beef market CVS Caremark, Express Scripts, and OptumRx manage over 80% of all prescriptions in the U.S Amazon buys 50% of all books. These examples are even more extreme than at least 3 major clouds present in the US buying hardware.
- toraway 8mo agoThe parent comment specified a company that has never turned a profit cornering the entire market.
- YetAnotherNick 8mo agoNot even sure which company are they referring to. I assumed Amazon or Google or Microsoft or Oracle, but all of them have turned profit. I don't think OpenAI purchase even comes even close to any of these.
- marcosdumay 8mo agoWell, you think wrong. OpenAI is the one that pre-hired 40% of the world's memory fab capacity. And if you are going to protest with the common "OpenAI doesn't even build datacenters themselves!", yes, they don't, and it's a complete non-sequitur.