fp.

> He told the BBC that the company owns what he called a “full stack” of technologies, from chips to YouTube data to models and frontier science research. This integrated approach, he suggested, would help the company weather any market turbulence better than competitors.

I guess but is it better for an investor to own 2 shares of Google or 1 share of OpenAI and 1 share of TSMC?

Like I have no doubt that being vertically integrated as a single company has lot of benefits but one can also create a trust that invests vertically as well.

jmalicki•15m ago

There may be firm specific risk etc., but there is also a concept of double marginalization, where monopolies that exist across the vertical layers of a production chain will be less efficient than a single monopoly, because you only get a single layer of dead weight loss rather than multiple.

https://en.wikipedia.org/wiki/Double_marginalization?wprov=s...

ChrisArchitect•19m ago

[dupe] https://news.ycombinator.com/item?id=45961886

hat_monger•17m ago

Good. You all need to suffer.

ghostpepper•16m ago

Does anyone really think it’s “if” and not “when” ?

burnte•11m ago

Agreed, it's when. They're hoping to stave it off or maybe stretch out the pop into a correction by all hedging together with all these incestuous deals, but you can't hold back the tide. They debuted this tech way too early, promised way too much, and now the market is wary about buying AI products until more noise settles out of the system.

burnte•13m ago

And there we have the reason for all of these interdependent deals between all these firms, they're all hedging with each other they can keep this set of plates spinning.

They can't, not firever. Bubbles pop.

nickff•8m ago

How is what they’re doing a ‘hedge’? It seems more like alternative financing, or keiretsu.