Is the problem here NVIDIA or is the problem that our government doesn't function unless there's a pac funneling money into decision-making?
Hardly surprising to see a company with strategic interests strategically try to achieve them.
A business exists to make money, and if pulling policy levers is required to make money, you'll see them try to pull the levers.
Reverse Citizens United and you solve these kind of problems at the source.
I treat this as a sign of the inevitable terminal phase of any private cooperation in US: they start to invest their resources to stretch into areas that are essentially irrelevant to their core mission, but they have to because of their core mission is accomplished already, and their business, which is built on top of the fruits of their core mission, needs protection beyond direct means relevant to their core mission.
When pursing a core mission, many corps fail, either because lack of resources, or mission itself is not meaningful, execution failure, etc.; they might be in growth, while their mission keeps self-reinforce into bigger and bigger mission, that's the wonderful time of meaningful growth.
When the core mission is done. The corp needs to reset. Either they get profit that is small enough that they normal corperate logic prevail, and they behave normally.
But when the core mission is so meaningful that the corp reaps so large a profit that they themselves atrack enough stakeholders that they no longer focus on core mission, they start to focus on profit.
That's how NVDA is now buying assets across the whole stack of AI, while still increase price to maintain its profit. NVDA wants to maximize profit.
The inherent flaw is that private corp in US system, has no meaningful end game when they are in this state of astronomical profit.
Their biggest customers are struggling to build out locations to use their products. This is nothing more than an attempt to engage in regulatory capture to overrule local politics on behalf of their customers.
Is the problem here NVIDIA or is the problem that our government doesn't function unless there's a pac funneling money into decision-making?
Hardly surprising to see a company with strategic interests strategically try to achieve them. A business exists to make money, and if pulling policy levers is required to make money, you'll see them try to pull the levers.
Reverse Citizens United and you solve these kind of problems at the source.
I treat this as a sign of the inevitable terminal phase of any private cooperation in US: they start to invest their resources to stretch into areas that are essentially irrelevant to their core mission, but they have to because of their core mission is accomplished already, and their business, which is built on top of the fruits of their core mission, needs protection beyond direct means relevant to their core mission.
When pursing a core mission, many corps fail, either because lack of resources, or mission itself is not meaningful, execution failure, etc.; they might be in growth, while their mission keeps self-reinforce into bigger and bigger mission, that's the wonderful time of meaningful growth.
When the core mission is done. The corp needs to reset. Either they get profit that is small enough that they normal corperate logic prevail, and they behave normally.
But when the core mission is so meaningful that the corp reaps so large a profit that they themselves atrack enough stakeholders that they no longer focus on core mission, they start to focus on profit.
That's how NVDA is now buying assets across the whole stack of AI, while still increase price to maintain its profit. NVDA wants to maximize profit.
The inherent flaw is that private corp in US system, has no meaningful end game when they are in this state of astronomical profit.
Their biggest customers are struggling to build out locations to use their products. This is nothing more than an attempt to engage in regulatory capture to overrule local politics on behalf of their customers.
They need protection from other oligarchs, and they know the Prince hasn't read chapter 23.
Wait, I think I've seen this one before...
we live in cyberpunk without all of the cool stuff
Gotta protect the windfall LoL
No amount of campaign donations will save them when the market crashes. They're going to find themselves short on friends.
This guy hasn't watched the Big Short.
break them up