Comment by reconnecting

8 hours ago

This should be the news of the day, or even should I say, the news of the last 3 years.

The bubble is starting to crack.

7 comments

reconnecting

Reply
mkl  7 hours ago

There's no sign of cracking here:

> SoftBank said Tuesday it has sold its entire stake in U.S. chipmaker Nvidia for $5.83 billion as the Japanese giant looks to capitalize its “all in” bet on ChatGPT maker OpenAI.

  • VBprogrammer  7 hours ago

    I think the gulf between what an entity does and what an entity says should at least form part of a measured response to that.

Tuna-Fish  7 hours ago

SoftBank selling their stake in the AI shovel company to put it all directly in the AI gold rush company is evidence of bubble starting to crack?

  • netdevphoenix  25 minutes ago

    > to put it all directly in the AI gold rush company

    There are 3 facts here:

    1. Softbank's nvidia stake sale has happened

    2. Softbank has not put it all directly into the AI gold rush

    3. 2 other investment entities have also sold most/all their stake in Nvidia

    Do what these 3 facts as you will but these are ripples in the surface of the tech world

  • chongli  5 hours ago

    Apparently this is in the wake of OpenAI pivoting to a consumer-facing ad business, away from trying to disrupt every white collar worker on the planet. I would say that still points to a bubble beginning to pop.