Open AI has recently announced deals worth $600 Billion with Nvidia, AMD, and Oracle. OpenAI is able to spend hundreds of billions of dollars they do not have because those companies are paying that same money back to OpenAI via investment. The infinite money glitch means that stocks keep going higher as more circular revenue cycles between the same players.
↫ Sasha Yanshin
The scam is so brazen, so public, so obvious. The foxes aren’t just in the hen house – they bought the whole goddamn hen house.
I don’t think we can generalize to “big tech” doing financial shenanigans, but it is clearly OpenAI and several other firms engaging in a revenue pumping mechanism to prop up the TikTok purchase.
Basically they wanted to have TikTok bought by a certain billionaire. In order for him to have money, they increased the value of his company. The way they did that was having OpenAI order a bunch of cloud services. And that required someone with actual resources, which was nvidia to be part of the chain.
There is no actual money, until nvidia investors indirectly came in with some clever “financial engineering”.
Basically they had nvidia, who has actual tangible business, finance the purchase of TikTok by a private individual on a very shaky series of transactions.
I’m not sure this is legal, but I am not a lawyer, so cannot make a judgement here.