It's like credit cards loaning money to people who are unemployed and will default on payments. It's a risky business that is legal and can be very profitable, but may also be disastrous in the future.
I don't see the problem as long as materially significant transactions by publicly traded companies are properly disclosed to investors. If someone loses money by buying NVDA then they have only themselves to blame.
Tuld wasn't wrong. There will always be financial bubbles and misallocation of capital. It can't be prevented, and even trying to prevent it would involve intrusive government overreach that would make most people even more unhappy. Investors who want safety are free to buy Treasuries.
Come on, calling a round of vendor financing (which is what the NVIDIA money is) "funding" is eggregiously misleading. The only new money entering the sector from this is SoftBank's stake.
They might have dressed up the wording, but the details are all there for anyone who wants to objectively look at the deal. It is a group of two executives making a non coerced deal and disclosing the required information to investors.
Might be a stupid gamble, but it's not akin to a loan shark shaking down a hungry, cold person for life's essentials.
The first mistake anyone makes is thinking they are “buying” anything with a domain. You’re renting it. And the company you are renting from can arbitrarily push up the price above inflation. NameCheap is good for the basics. But a .site or .online domain is a no-go beyond an MVP/test.
Did anyone actually read the article before commenting? The crashes were all minor. No injuries. If anything this shows Tesla making an effort to report everything. A 2mph bump isn’t a “crash” it’s barely anything. The 17mph collision may have caused some minor damage to the “fixed object” but not clear from the article.
> Did anyone actually read the article ... If anything this shows Tesla making an effort to report everything.
Meanwhile, the article if you read it
> What makes this especially frustrating is the lack of transparency. Every other ADS company in the NHTSA database, Waymo, Zoox, Aurora, Nuro, provides detailed narratives explaining what happened in each crash. Tesla redacts everything.
A 2mph bump isn’t nothing. If it failed to stop it can trample people. It can still do damage to elderly or disabled people. The 17mph collision may have caused some minor damage to the “fixed object” but that fixed object could've been someone standing still. Tesla is not making an effort, they're doing the bare minimum.
Doubt Jensen sees himself as a “dealer” but considering the vendor lock-in and margins, he pretty much is the Tony Montana of Ai Chips.
It’s nuts that this type of financing is legal.
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