this post was submitted on 27 Feb 2026
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Fuck AI
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AI, in this case, refers to LLMs, GPT technology, and anything listed as "AI" meant to increase market valuations.
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I'm not sure this is money laundering (that would imply there's a bunch of dirty money to get clean). But it is a scheme for sure.
Most of that cash is going to be spent, either directly or indirectly, on hardware from nVidia and now I bet they're going to use a bunch of cloud services from Amazon too.
Just inflating stock prices all round because for its investment in OpenAI, nVidia probably gets to own part of OpenAI + also one of the biggest end customers for their data center GPUs has more money to either build data centers or rent from existing providers.