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Cake day: June 30th, 2023

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  • I feel like it’s a safe assumption more Americans in border states want to join Canada than the other way around.

    I think even Cali would told it came to a vote and they’d already gained terrority adjacent to Cali thru the Pacific Northwest

    That would be a true death low to the American Empire, without Cali we’d be fucked.

    It would never happen, but it’d be worth Canada to hype it up just because if trump has to play defense, he just stops playing the game and starts a new one. That’s whY the whole TACO thing is, but because someone on social media made up a buzzword, no one really understands what’s happening










  • givesomefucks@lemmy.worldtoTechnology@lemmy.worldIs OpenAI dead yet?
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    3 days ago

    Not really…

    The reason it will domino is AI companies can’t afford the hardware, so Nvidia “invests” in AI companies and trades hardware for shares.

    They have like 100 billion just in OpenAI, which they’re leveraging into loans to make more of the chips no one can afford.

    If openai goes down, the banks call in the loans Nvidia has openai for collateral. So then Nvidia will have to sell all their other shares of other AI companies to cover the loans, and likely will have to drastically cut production of AI chips, driving the cost up.

    Now all those other AI companies that Nvidia just sold, can’t afford the higher price, because they couldn’t afford a subsidized price along with shares.

    As those companies fold, it makes even less people who would even want to buy those AI chips at any prices, driving Nvidia further down and maybe all the way to bankrupt

    That’s when it starts fucking with index funds and the wider market

    But all those shadow banks won’t really get hit. They’re not holding stocks to make money, they’re buried treasure chests filled with liquid assets in case of emergency. The only way they’d be hit is if the currency they’re held in collapses. Even then, that method almost always includes safety deposit boxes with precious metals/jewels to account for that