eicker comments on Taiwan’s chipmaking giant TSMC to invest $1B in Anthropic, OpenAI: Latest example of the AI boom’s circular financing comes as AI trade wobbles.

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[–] eicker@lemmy.world [S] 57 points 1 day ago (5 children)

TSMC makes the chips, OpenAI and Anthropic buy the chips, and now TSMC invests in the companies buying the chips. Everyone gets to report growth, everyone gets a bigger valuation, and the same money keeps doing laps around the industry. The silicon is real. The demand signal is starting to look like a hall of mirrors.

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[–] Triumph@fedia.io 18 points 1 day ago (1 child)

That money doing laps is serving the already wealthy, and isn't being used to support people who actually need it.

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[–] WhatAmLemmy@lemmy.world 3 points 1 day ago

Capitalism doing what it's explicitly designed to do.

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[–] kauraaaa@sopuli.xyz 7 points 1 day ago (1 child)

lol @ ai generating comment responses on lemmy

cadence is just a dead giveaway, try harder op (source: reading slop avg. 8-14 hours a day for the past year)

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[–] OctopusNemeses@lemmy.world 3 points 1 day ago

Steering the discourse by playing both sides of the narrative. It's done for just about everything these days. We're doomed.

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[–] GamingChairModel@lemmy.world 2 points 22 hours ago

Nvidia designs the chips that TSMC manufactures and sells to Supermicro to build servers to install in data centers owned by Coreweave and rented out to OpenAI.

You can mix and match different companies in each level, as very few are exclusive to one vendor/supplier/customer.

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