I actually think Nvidia's deals have been above-board, generally speaking, because they are transaprent.
Less true for Meta and Terawulf.
First cash/dollars are considered bad so they collapse in price. When the psychology shifts, suddenly the dollar climbs in value and itself bubbles over, causing a recession.
Is HN really this fast!? Everybody already skipped the hard questions whether LLMs are intelligent? 'It' can already be commodified?
So how much time and effort it took from these companies? A couple of years and millions spent on PR? And LLMs are "intelligent" all of a sudden, is what everybody says nowadays?
Especially applicable for programmers: naming things is not only hard, it's also important, and can be very insidious. Remember, marketeers also name things. For example, naming the internet 'the cloud', some 15 years ago.
I can't stop thinking about a quote of one of my favorite authors (Theo Kars): "Progress can only be technical in nature, because knowledge is transferable and wisdom is not." [translated from Dutch]
cl42•1h ago
gadflyinyoureye•55m ago
cl42•54m ago
gadflyinyoureye•36m ago
cl42•13m ago
... but then again... if they are leasing the compute then it implies their own AI work isn't paying off?
In short: I agree with you.