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Instead Of Lowering GPU Prices, Former NVIDIA CEO Jensen Huang Reportedly Financed AI Startups To Absorb Excess Silicon, Shattering The Shortage Perception (wccftech.com)
submitted 11 hours ago by to c/pcgaming@lemmy.ca
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[โ€“] 3 points 3 hours ago* (last edited 3 hours ago) (3 children)

I'm agreeing with the comment above, these things that the wccf article mentions aren't present in the article they cite as source. So either they're making it up or they linked the wrong source

Edit: nvm

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  • [โ€“] 3 points 3 hours ago (2 children)

    From my understanding the article exaggerates whether there was a complete shortage but the wall street journal article does confirm the CFO warned about an avalanche of excess memory and wafers coming due to circular financing schemes. That, consumer-focuses exaggerations aside, is still huge.

    It also implies much of the AI startups industry has been kept afloat by subsided computing credits which were a part of this circular funding scheme.

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  • [โ€“] 1 point 3 hours ago (1 child)

    So it's option 3: I can't read

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  • [โ€“] 3 points 2 hours ago*

    Doesnt help the wall street journal article is paywalled. I found other sources citing the wall street journal article which confirm that the CFO warned about an avalanche of over supply.

    https://finance.yahoo.com/markets/stocks/articles/report-jensen-huang-belittled-nvidia-145318600.html

    At the August meeting, Huang expressed concern that major cloud providers were exploring alternative chips while Nvidia faced an "avalanche" of commitments to purchase chip wafers and memory.

    Those concerns followed a financing initiative involving Huang's son-in-law, Nvidia Vice President Nico Caprez, who helped arrange financial guarantees for cloud providers and data-center developers purchasing Nvidia products.

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