4 ms·

'May guarantee' is an oxymoron I've never come across before. Mangled headline. The article title is "Nvidia scales back funding guarantee for Ohio OpenAI data

'May guarantee' is an oxymoron I've never come across before. Mangled headline. The article title is "Nvidia scales back funding guarantee for Ohio OpenAI data center, WSJ reports".

lucianbr 2mo ago
My thought exactly. "May guarantee" is meaningless nonsense. > Nvidia has revised its plans to support a proposed OpenAI data center project in Ohio and is now expected to initially guarantee less than $120 billion There is no actual information in this article. "Plan", "proposed", "expected", "initially", "less than". It's just a report on the thoughts of some people.
- ethbr1 2mo ago
  >> the Wall Street Journal reported on Friday, citing people familiar with the matter.
  - lucianbr 2mo ago
    The issue is "the matter" completely lacks any substance. "An insider told me NVidia spent 10 billions on hamburgers yesterday." "An insider told me NVidia is thinking about maybe spending up to 10 billions on hamburgers or some foodstuffs by 2050". Can you spot any differences?
    - ethbr1 2mo ago
      The former isn't of interest ti HN, the latter is, because we're current obsessed with the second derivative of hamburgers' growth curve.
      - lucianbr 2mo ago
        May be so, still your quote doesn't make any sense as a reply to my comment. "This article is about nothing". "Well of course it is, they say right on the page they talked to some people".
        ethbr1 2mo ago
        Yes. If you discount anonymous sources as a legitimate source of news, then I'm not sure where and when you hear about things.
KurSix 2mo ago
I think they just mean "is expected to guarantee". Since the deal hasn't been signed, Reuters is hedging, but "may guarantee" is definitely awkward wording for something whose entire purpose is certainty...
tcp_handshaker 2mo ago
Except once again Ed Zitron is right, and as he mentioned, there is no guarantee or contract signed, there is only a memorandum of understanding... NVIDIA keeps showing the smarts acting like a bank, while having none of the liabilities and deferring them to Goldman... "...Memorandums of understanding signed with six of the world’s premier financial institutions to create these partnerships aim to establish the first compute financing platforms of their kind at global scale to enable the AI infrastructure buildout across NVIDIA’s ecosystem..." https://nvidianews.nvidia.com/news/nvidia-partners-with-apollo-blackrock-blackstone-brookfield-goldman-sachs-and-kkr-to-establish-ai-compute-infrastructure-financing-platforms-to-mobilize-over-500-billion-of-third-party-capital https://nvidianews.nvidia.com/news/nvidia-partners-with-apol...
- Gud 2mo ago
  Ed Zitron is clueless. He’s the Jim Cramer of AI. A broken clock…
  - 9cb14c1ec0 2mo ago
    He hasn't been right on everything, but he definitely has been right repeatedly when it comes to the MOUs. Clueless is a bit strong.
  - tcp_handshaker 2mo ago
    Three more voices who agree with Zitron: "Aswath Damodaran: Big Tech Has No Idea How AI Pays Off" - https://news.ycombinator.com/item?id=49229981 https://news.ycombinator.com/item?id=49229981 "Why Wall Street is Ignoring Big Tech's Debt" - https://youtu.be/NufJ7g63KSY https://youtu.be/NufJ7g63KSY "Just how big is the hidden leverage of AI hyperscalers?" - https://archive.is/iLeYs https://archive.is/iLeYs Lots a broken clocks would you say?
    - Gud 2mo ago
      I mean, you can get quotes from four people convinced the earth is flat and that the earth is 6000 years old. Ed Zitron is bearish on everything to do with AI. I also don't believe the ROI is great investing in OpenAI and other similar corporations. But unlike Ed, I see the value in the technology. It's just the valuations that are wrong.
tdeck 2mo ago
They shouldn't worry, I might step in and cover the rest!
g42gregory 2mo ago
If guarantee could be scaled down, it’s not a guarantee, is it? Expected guarantee, proposed guarantee, something along those lines. I think the point here is that the press has been presenting this as an iron-clad guarantee, while in reality, it’s not a guarantee at all.

'May guarantee' is an oxymoron I've never come across before. Mangled headline. The article title is "Nvidia scales back funding guarantee for Ohio OpenAI data center, WSJ reports".

lucianbr 2mo ago

My thought exactly. "May guarantee" is meaningless nonsense. > Nvidia has revised its plans to support a proposed OpenAI data center project in Ohio and is now expected to initially guarantee less than $120 billion There is no actual information in this article. "Plan", "proposed", "expected", "initially", "less than". It's just a report on the thoughts of some people.

ethbr1 2mo ago
>> the Wall Street Journal reported on Friday, citing people familiar with the matter.
- lucianbr 2mo ago
  The issue is "the matter" completely lacks any substance. "An insider told me NVidia spent 10 billions on hamburgers yesterday." "An insider told me NVidia is thinking about maybe spending up to 10 billions on hamburgers or some foodstuffs by 2050". Can you spot any differences?
  - ethbr1 2mo ago
    The former isn't of interest ti HN, the latter is, because we're current obsessed with the second derivative of hamburgers' growth curve.
    - lucianbr 2mo ago
      May be so, still your quote doesn't make any sense as a reply to my comment. "This article is about nothing". "Well of course it is, they say right on the page they talked to some people".
      - ethbr1 2mo ago
        Yes. If you discount anonymous sources as a legitimate source of news, then I'm not sure where and when you hear about things.

KurSix 2mo ago

I think they just mean "is expected to guarantee". Since the deal hasn't been signed, Reuters is hedging, but "may guarantee" is definitely awkward wording for something whose entire purpose is certainty...

tcp_handshaker 2mo ago

Except once again Ed Zitron is right, and as he mentioned, there is no guarantee or contract signed, there is only a memorandum of understanding... NVIDIA keeps showing the smarts acting like a bank, while having none of the liabilities and deferring them to Goldman... "...Memorandums of understanding signed with six of the world’s premier financial institutions to create these partnerships aim to establish the first compute financing platforms of their kind at global scale to enable the AI infrastructure buildout across NVIDIA’s ecosystem..." https://nvidianews.nvidia.com/news/nvidia-partners-with-apollo-blackrock-blackstone-brookfield-goldman-sachs-and-kkr-to-establish-ai-compute-infrastructure-financing-platforms-to-mobilize-over-500-billion-of-third-party-capital https://nvidianews.nvidia.com/news/nvidia-partners-with-apol...

Gud 2mo ago
Ed Zitron is clueless. He’s the Jim Cramer of AI. A broken clock…
- 9cb14c1ec0 2mo ago
  He hasn't been right on everything, but he definitely has been right repeatedly when it comes to the MOUs. Clueless is a bit strong.
- tcp_handshaker 2mo ago
  Three more voices who agree with Zitron: "Aswath Damodaran: Big Tech Has No Idea How AI Pays Off" - https://news.ycombinator.com/item?id=49229981 https://news.ycombinator.com/item?id=49229981 "Why Wall Street is Ignoring Big Tech's Debt" - https://youtu.be/NufJ7g63KSY https://youtu.be/NufJ7g63KSY "Just how big is the hidden leverage of AI hyperscalers?" - https://archive.is/iLeYs https://archive.is/iLeYs Lots a broken clocks would you say?
  - Gud 2mo ago
    I mean, you can get quotes from four people convinced the earth is flat and that the earth is 6000 years old. Ed Zitron is bearish on everything to do with AI. I also don't believe the ROI is great investing in OpenAI and other similar corporations. But unlike Ed, I see the value in the technology. It's just the valuations that are wrong.

tdeck 2mo ago

They shouldn't worry, I might step in and cover the rest!

g42gregory 2mo ago

If guarantee could be scaled down, it’s not a guarantee, is it? Expected guarantee, proposed guarantee, something along those lines. I think the point here is that the press has been presenting this as an iron-clad guarantee, while in reality, it’s not a guarantee at all.