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Everyday AI looks more like the '08 housing bubble (lemmy.ca)
submitted 10 months ago by to c/technology@lemmy.world
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[–] 56 points 10 months ago (2 children)

NVIDIA really out here selling shovels in the gold Rush

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  • [–] 12 points 10 months ago (1 child)

    Nvidia are very smart in that regard, ethics aside. Very early on they decided that selling cards to gamers will not give them the infinite growth everyone so desperately desire, so they started looking for what does, and they were consistent at it ever since. Every tech bubble of the recent history is powered by Nvidia cards. How much they contributed to the hype (and damage) is not entirely clear, but that's not zero for sure

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  • [–] 11 points 10 months ago (2 children)

    They lucked into it. They made their cards for gamers, and various groups, AI researchers, bitcoin miners and others, discovered that they those gamer GPUs were really good for other tasks too. I think it took a while before Nvidia started making specialised cards for those purposes.

    I can't really blame them for serving that market that they just lucked into. I can and will blame them for their terrible Linux support.

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  • [–] 5 points 10 months ago

    Oh believe me, it wasn't just luck. They have special labs full of people who's whole job is to find another unexplored niches that can buy their cards. And they only make specific single purpose cards only when the market is mature enough to justify the spending, which is also smart.

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  • [–] 5 points 10 months ago (1 child)

    They made gpus long before the gold rush and will not stop after. The usefulness of tensor cores will not dwindle with any market correction. Even before ai boom they were valued astronomically out of reality. Not a single stock is tied to actual selling or owning of anything anymore

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