pretty much, yes:
1. Oracle is counting on almost USD 500 billion in non-guaranteed revenues (i.e. equivalent to the budget of the so-called Stargate project), although neither SoftBank nor OpenAI actually have the necessary money and the last quarterly results were not exhilarating either.
2) Nvidia takes over 10% of OpenAI, and the cash that OpenAI receives as a result is immediately spent on the purchase of Nvidia GPUs to the same extent.
3. AMD basically does the same thing: they give shares to OpenAI so that OpenAI can buy GPUs from AMD for the same value.
The whole thing is starting to sound like the AI version of RMBS: money is passed back and forth in the air, everyone balances fictitious values, and in the end there is a house of cards of mutual stakes and debts. Welcome to the age of AI-backed securities 😂
1. Oracle is counting on almost USD 500 billion in non-guaranteed revenues (i.e. equivalent to the budget of the so-called Stargate project), although neither SoftBank nor OpenAI actually have the necessary money and the last quarterly results were not exhilarating either.
2) Nvidia takes over 10% of OpenAI, and the cash that OpenAI receives as a result is immediately spent on the purchase of Nvidia GPUs to the same extent.
3. AMD basically does the same thing: they give shares to OpenAI so that OpenAI can buy GPUs from AMD for the same value.
The whole thing is starting to sound like the AI version of RMBS: money is passed back and forth in the air, everyone balances fictitious values, and in the end there is a house of cards of mutual stakes and debts. Welcome to the age of AI-backed securities 😂
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@fastlane and what does that mean for us investors? Strike while the iron is hot and take it all. The rude awakening will come, but it's still too early to go short!
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•@Multibagger as long as the music is playing, you should dance along but know where the exit is
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@fastlane How do you recognize the exit?
Now that it feels like everything is taking off 🚀, I'm getting a little skeptical.
A small correction would be healthy in my opinion. 😅
Now that it feels like everything is taking off 🚀, I'm getting a little skeptical.
A small correction would be healthy in my opinion. 😅
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@Sunrise-Mantis I would like to know that too, but a good solution would be to tighten your stop loss, not let greed take over and enjoy your profits :)
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@fastlane
As long as no one in the cycle fails, it works.
But woe betide if one breaks off.
As long as no one in the cycle fails, it works.
But woe betide if one breaks off.
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