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

submitted 1 month ago by Eyekaytee@aussie.zone to c/worldnews@aussie.zone

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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.”

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[–] rayquetzalcoatl@lemmy.world 2 points 1 month ago (1 children)

I'm stupid, for sure, and don't understand how the economy works.

It just seems very unfair to me that because a bunch of other people reckoned that AI was going to make them very rich, the next five to ten years will be a deep deep recession and my life will become much harder.

I never bought into the chatbot hype. Why should I suffer?

[–] melbaboutown@aussie.zone 1 points 1 month ago

I feel the same way. Even if it pops a massive wealth transfer will have occurred, and despite seeing none of that money the rest of us will get screwed over.