You also have the circular investment. NVIDIA puts money into OpenAI. It uses that money to buy computing power from Oracle, who then fills its datacenters with hardware from NVIDIA. Everybody's valuation rises.

Edit: valuation, not validation

[–] hemko@lemmy.dbzer0.com 145 points 1 month ago (1 children)

Insert 2 economists eating shit joke

[–] TropicalDingdong@lemmy.world 51 points 1 month ago (1 children)

Go on..

[–] hemko@lemmy.dbzer0.com 223 points 1 month ago (3 children)

Two economists are walking in a forest when they Come across a pile of shit.

The first economist says to the other "Ill pay you $100 to eat that pile of shit." The second economist takes the $100 and eats the pile of shit.

They continue walking until they come across a second pile of shit. The second economist turns to the first and says "l pay you $100 to eat that pile of shit." The first economist takes the $100 and eats a pile of shit.

Walking a little more, the first economist looks at the second and says, "You know, I gave you $100 to eat shit, then you gave me back the same $100 to eat shit. can't help but feel like we both just ate shit for nothing." "That's not true", responded the second economist. "We increased the GDP by $200!"

[–] Damage@feddit.it 32 points 1 month ago (1 children)

I knew this joke as two people selling a painting back and forth

[–] hemko@lemmy.dbzer0.com 68 points 1 month ago

Economists eating shit is funnier

[–] GreyEyedGhost@lemmy.ca 7 points 1 month ago

This works better with an accountant and an economist.

[–] merc@sh.itjust.works 1 points 1 month ago

Plus, at least one of the two economists got really, really hard watching his buddy eat some shit.