alt Hacker NewsThe thing is, it seems like they are planning to force everyone else out of the market. Acquire all the RAM they can possibly get, leave none for the competition, pray to survive the entire mess.
It's the inevitable peak of the venture capital pipeline, just this time it isn't individual industries (e.g. taxis with Uber, hotels with AirBnB) getting squeezed out by unsustainable pricing - it's the economy at large that's suffering this time.
And it's high time for us as a society to put an end to this madness. End the AI VC economy before it ends our economy.
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These gambits never work though. In 6 months you'll be able to get memory chips and GPUs for nothing.....
There's a few historical examples here....
This is a huge Hail Mary... IMO they'd be better served slowing down the training pipeline, becoming profitable now, hiring a bunch of scientists and figuring out the next AI technology.
Perhaps we can call this type of maneuver, "The Sam Altman": Your expensive business's mid-term outlook not looking so good? Why not use all that cash/credit to corner the market in some commodity in order to cripple your perceived competition?