

It’s a losing proposition either way, right? Without investor money OpenAI (and friends) can’t keep buying chips from Nvidia, but SoftBank doesn’t have money to keep giving OpenAI without selling off their stake in Nvidia. Yes, it’s incredibly dumb to ditch their share of the only parts of this that are actually making money, but if they don’t keep the cash flowing them nobody is going to be making money. Like, greatly oversimplifying here, obviously, but it seems like SoftBank loses either way.
It’s almost like this whole bubble is really bad actually.
Not gonna lie, I didn’t entirely get it either until someone pointed me at a relevant xkcd that I had missed.
Also I was somewhat disappointed in the QAA team’s credulity towards the AI hype, but their latest episode was an interview with the writer of that “AGI as conspiracy theory” piece from last(?) week and seemed much more grounded.