Overseas News 🦘

733 readers

1 users here now

A place for Australians and friends to share news from the other countries. Like all communities here, we discuss topics from the Australian perspective.

If you're looking for a global /c/worldnews instead, search for the many options on federated instances.

Rules

Follow the aussie.zone rules
We are not a generic World News clone. News must be relevant to Australians and our region. Obvious disregard will earn an warning and then a ban if continued. (If an article isn't from an Oceanian news outlet, and it doesn’t mention Australia, then it’s probably off-topic)
News posts must include some body text explaining how the article is particularly relevant to the Australian perspective, rather than mere global news.
Leave seppocentrism at the door. If you don't know what that means, you're not ready to post here yet.
Avoid editorialising headlines. Opinions go in the comments, not the post.

founded 3 years ago

MODERATORS

[Fortune] Nvidia CEO says the company is in a no-win situation amid AI-bubble chatter, leaked meeting reveals (fortune.com)

submitted 8 months ago by Eyekaytee@aussie.zone to c/worldnews@aussie.zone

9 comments fedilink hide all child comments

https://archive.md/ZkdTg

Huang said expectations around Nvidia have become so extreme that Wall Street now sees danger in both directions.

“If we delivered a bad quarter, it is evidence there’s an AI bubble. If we delivered a great quarter, we are fueling the AI bubble,” he told employees. “If we were off by just a hair, if it looked even a little bit creaky, the whole world would’ve fallen apart.”

He referenced online memes that jokingly describe Nvidia as the linchpin of the global economy and the only thing standing between the U.S. and recession.

“Have you guys seen some of them?” he asked employees. “We’re basically holding the planet together—and it’s not untrue.”

you are viewing a single comment's thread
view the rest of the comments

[–] Valmond@lemmy.world 21 points 8 months ago (1 children)

Recession coming because the AI bubble is about to pop.

Nvidia: it's crazy, what ever we do, they think the AI bubble is going to bust. It's thus probable that we are actually the most important company in the world.

[–] notgold@aussie.zone 1 points 8 months ago* (last edited 8 months ago)

I wouldn't say they are the most important company in the world but they are the most important canary for an AI bubble that is a huge share of USA GDP.