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humanspiral@lemmy.ca to Technology@lemmy.ml · 1 month ago

More circular AI financing. Anthropic promises $30B spending on Nvidia and MSFT, while the 2 companies invest $15B at over double actual share value in Anthropic.

www.upi.com

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More circular AI financing. Anthropic promises $30B spending on Nvidia and MSFT, while the 2 companies invest $15B at over double actual share value in Anthropic.

www.upi.com

humanspiral@lemmy.ca to Technology@lemmy.ml · 1 month ago
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Microsoft, Anthropic, Nvidia unveil billion-dollar strategic AI deal - UPI.com
www.upi.com
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Software giant Microsoft announced a new multi-billion dollar "deep technology" strategic artificial intelligence deal with Nvidia and Anthropic.
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  • RizzRustbolt@lemmy.world
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    1 month ago

    In a rational timeline, this would be criminal stock manipulation.

    • 9point6@lemmy.world
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      1 month ago

      Unfortunately there’s a criminal in charge of the US

  • humanspiral@lemmy.caOP
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    1 month ago

    If Anthropic can raise another $15B at “just” $300B valuation, then presto whammo, it just gained $150B for shareholders at no cost, while paying its oligarch sponsors double what they put in.

    • CIA_chatbot@lemmy.world
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      1 month ago

      When companies round robin invest in each other, That’s a big sign of propping up a bubble

      • Pistcow@lemmy.world
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        1 month ago

        Its fine, Wallstreet is expecting a bailout hence the stonks only go up. The smallest players won’t get the bail out. I think Im finally getting the pattern.

  • ☆ Yσɠƚԋσʂ ☆@lemmy.ml
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    1 month ago

  • thefluffiest@feddit.nl
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    1 month ago

    Okay guys let’s pull the plug on this abomination already

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