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Ed Zitron
edzitron.com
did:plc:qc6xzgctorfsm35w6i3vdebx
NVIDIA got desperate, and birthed "Neoclouds," debt-ridden data center companies selling AI compute. NVIDIA invests in them, sells them GPUs, and pays them for compute - all so they can raise money using contracts/GPUs as collateral...to buy more GPUs from NVIDIA.
http://wheresyoured.at/the-case-against-generative-ai/#there-is-less-than-a-billion-dollars-in-ai-compute-revenue-outside-of-nvidia-hyperscalers-and-openai-and-nvidia-is-using-its-compute-deals-to-help-neoclouds-raise-more-debt-to-buy-more-gpus
2025-09-29T17:37:12.265Z