Following the departure of now-former NVIDIA CEO, Jensen Huang, a new report by The Wall Street Journal (via Wccftech) has emerged alleging that NVIDIA artificially inflated the ongoing GPU and memory shortage by investing in AI startups that would go on to buy NVIDIA GPUs and build data centers....
  • Midnitte@beehaw.orgEnglish
    14·
    6 hours ago

    I mean… this isnt really an “allegedly” - this is exactly what happened.

    They made deals with AI starts up to buy GPUs (via money given to them by Nvidia), increasing demand, which increased prices (which led to decreased supply).

  • melsaskca@lemmy.ca
    2·
    5 hours ago

    Plumbers do the same kind of “scarcity myth” with kitchen sink faucet cartridges.

      • real_squids@sopuli.xyzEnglish
        71·
        7 hours ago

        If you are an AI startup maybe, they dgaf about consumers. I’ve been refusing to accept elevated prices for years, doesn’t affect them much.

        • GMac@feddit.orgEnglish
          6·
          6 hours ago

          I’m definitely not an ai startup 😂, and I’ve also been refusing the high prices for years.

          it hasnt bothered them becuase they have been ‘selling’ to circular financed startups, engineering the shortage and price rises.

          The bubble has to pop now - when the inventory doesnt move, the smaller host, prosumer & consumer markets will have to become relevant again to shift surplus.

          They will only drop prices as far as necessary to shift stock so we all have to hold out for sensible prices and not let them make even a fraction of the AI datacentre money off us. On top of that, I wont be forgetting the companies that shit on us all and dumped perfectly healthy consumer brands (like crucial) to make a faster buck.