We are certainly doing a lot of the same accounting things Enron did
yuvaldv1 on
Company benefitting the most from the AI bubble rejects AI bubble fears.
Appropriate_Host4170 on
uhhh Enron is the LAST company I think of when I think of bubbles… how about propping up your company around a tech that isnt remotely mature and has not actually made any money for anyone yet beyond hopes and dreams.
Youngtro on
This just in the sky is blue and the company profiting off an insane bubble says „they’re different“..
Strange-Effort1305 on
It’s not a Ponzi scheme if you are just stealing from yourself!!!
scrndude on
“People keep asking a lot of questions already answered by my ‘I am not Enron’ t-shirt”
tms10000 on
„You know what, now that I think about it, all these ‚AI‘ companies have been buying my GPU ~~buy~~ by the boatload for an insane amount of money, but they have not shown any sign of turning a profit. There’s only hype in the news about the AI revolution, but we can’t actually find any concrete evidence of a real shift. This really looks like a bubble to me.“
— Things Jensen Huang knows but will never say.
PacificTridentGlobel on
Yeah, the fallout from the AI bubble popping will indeed make the fallout from Enron look quaint. Have to agree with him there.
FalseAnimal on
Yeah it’s not Enron, this time they bribed enough politicians to ensure there will be no ramifications.
apuzzledpanda on
I mean Nvidia is one of the few companies actually making money on AI right now, but I don’t know how much longer the other companies can afford to spend like crazy on their GPUs.
BroForceOne on
We may be doing the same environmental and economic damage with the same circular accounting revenue bullshit but the sign on the building definitely doesn’t say Enron.
RenoRiley1 on
Huang: My “we are not the next Enron scam” t-shirt is generating a lot of questions already answered by the shirt.
Able_Elderberry3725 on
This man’s net worth may be compared to entire nations. Crypto, and now LLMs, all require sophisticated, advanced processor architecture to work effectively. He is working on AI and creating the hardware for it, and compelling others to buy in.
Self-dealing bullshit with no ultimate end goal and no clearly definable pattern by which they might expect a return on the investment.
Bubble gonna burst.
Onefortwo on
Enron wasn’t a bubble, it was fraud.
lepapulematoleguau on
You don’t have to be corrupt for it to be a bubble.
Own-Chemist2228 on
We sell shovels to people who dig for gold.
Some of them find gold. Sometimes that gold is worth more than what they paid for our shovels. Often it is not. But we sell a lot of shovels.
(Oh… and we invest in mining claims and the miners use that money to buy our shovels and have complex financial „partnerships“ with gold-mining corporations…)
But we sell a lot of shovels.
Fuddle on
Wait. No one was thinking of Enron levels of fraud, just that it was super bubbly. Should we be looking for fraud too?
Electricprez on
If you have to say this, it’s not a great sign
ThrowawayAl2018 on
Kenneth Lay said this about Enron…
*“The collapse of Enron and the subsequent collapse of Arthur Andersen were tremendous tragedies. But as I stated at the time of my indictment on July 8, 2004, failure does not equate to a crime.“*
ebfortin on
They’re not Enron. They’re way bigger.
got-trunks on
lol nvidia will be fine regardless, even if they sink a ton of money into a run they have to sell at a steep discount for years because the bubble collapses they still have steady business forever at the core, of course they will push people as far as they can for as long as they can
addiktion on
Enron wasn’t a bubble, the dot com was which the AI bubble is looking a lot similar.
McThrowaway5555 on
If you have to keep telling people you’re not like Enron, you might be like Enron
theenslavedmonky on
Sounds like something Enron would say
throwaway1601900 on
I sooooo hope this bubble bursts, it’d be absolutely fucking glorious.
scottiedagolfmachine on
Incoming AI bubble pop in 1… 2…
squintamongdablind on
Overvalued or Hyped =/= Fraud. Enron committed outright fraud by cooking up their books.
another_brick on
Of course not, we know what Enron was. Whatever fresh hell is going to crawl out of the AI bubble bursting is yet to be seen.
PassingShot11 on
Famous last words ?
Nojopar on
Narrator: And they weren’t. They were much bigger than Enron!
RollTide16-18 on
The largest company in the world telling the media they are not Enron is a recession indicator
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31 Kommentare
We are certainly doing a lot of the same accounting things Enron did
Company benefitting the most from the AI bubble rejects AI bubble fears.
uhhh Enron is the LAST company I think of when I think of bubbles… how about propping up your company around a tech that isnt remotely mature and has not actually made any money for anyone yet beyond hopes and dreams.
This just in the sky is blue and the company profiting off an insane bubble says „they’re different“..
It’s not a Ponzi scheme if you are just stealing from yourself!!!
“People keep asking a lot of questions already answered by my ‘I am not Enron’ t-shirt”
„You know what, now that I think about it, all these ‚AI‘ companies have been buying my GPU ~~buy~~ by the boatload for an insane amount of money, but they have not shown any sign of turning a profit. There’s only hype in the news about the AI revolution, but we can’t actually find any concrete evidence of a real shift. This really looks like a bubble to me.“
— Things Jensen Huang knows but will never say.
Yeah, the fallout from the AI bubble popping will indeed make the fallout from Enron look quaint. Have to agree with him there.
Yeah it’s not Enron, this time they bribed enough politicians to ensure there will be no ramifications.
I mean Nvidia is one of the few companies actually making money on AI right now, but I don’t know how much longer the other companies can afford to spend like crazy on their GPUs.
We may be doing the same environmental and economic damage with the same circular accounting revenue bullshit but the sign on the building definitely doesn’t say Enron.
Huang: My “we are not the next Enron scam” t-shirt is generating a lot of questions already answered by the shirt.
This man’s net worth may be compared to entire nations. Crypto, and now LLMs, all require sophisticated, advanced processor architecture to work effectively. He is working on AI and creating the hardware for it, and compelling others to buy in.
Self-dealing bullshit with no ultimate end goal and no clearly definable pattern by which they might expect a return on the investment.
Bubble gonna burst.
Enron wasn’t a bubble, it was fraud.
You don’t have to be corrupt for it to be a bubble.
We sell shovels to people who dig for gold.
Some of them find gold. Sometimes that gold is worth more than what they paid for our shovels. Often it is not. But we sell a lot of shovels.
(Oh… and we invest in mining claims and the miners use that money to buy our shovels and have complex financial „partnerships“ with gold-mining corporations…)
But we sell a lot of shovels.
Wait. No one was thinking of Enron levels of fraud, just that it was super bubbly. Should we be looking for fraud too?
If you have to say this, it’s not a great sign
Kenneth Lay said this about Enron…
*“The collapse of Enron and the subsequent collapse of Arthur Andersen were tremendous tragedies. But as I stated at the time of my indictment on July 8, 2004, failure does not equate to a crime.“*
They’re not Enron. They’re way bigger.
lol nvidia will be fine regardless, even if they sink a ton of money into a run they have to sell at a steep discount for years because the bubble collapses they still have steady business forever at the core, of course they will push people as far as they can for as long as they can
Enron wasn’t a bubble, the dot com was which the AI bubble is looking a lot similar.
If you have to keep telling people you’re not like Enron, you might be like Enron
Sounds like something Enron would say
I sooooo hope this bubble bursts, it’d be absolutely fucking glorious.
Incoming AI bubble pop in 1… 2…
Overvalued or Hyped =/= Fraud. Enron committed outright fraud by cooking up their books.
Of course not, we know what Enron was. Whatever fresh hell is going to crawl out of the AI bubble bursting is yet to be seen.
Famous last words ?
Narrator: And they weren’t. They were much bigger than Enron!
The largest company in the world telling the media they are not Enron is a recession indicator