> He tells me that, by the end of this year, Meta will own more than 340,000 of Nvidia’s H100 GPUs
That's approx $15b worth of H100 GPUs.
That's approx $15b worth of H100 GPUs.
Presumably all the chip supply issues regarding autos have been resolved, and yet prices have risen 30% in a decade, and there’s no reversal.
What are they going to do? Buy AMD, yeah right.
Nvidia's sales are only limited by the number of wafers they can get from TSMC.
Build their own? It's what Microsoft, Google, and AWS are doing.
>Nvidia's sales are only limited by the number of wafers they can get from TSMC.
No, they're limited by the cost per operation vs. Facebook building their own. The cloud providers have already decided it's cheaper to do it themselves. Sure they'll keep buying GPUs for general public consumption but that may eventually end too.
There is no value into the NVIDIA-part by itself, only the raw power is interesting.
If tomorrow this is AMD, or China-Town chip, it's perfectly fine.
I wouldn't miss the CUDA toolkit mess.
We are not, because there's clearly value in the CUDA ecosystem.
Sane business people will look to decentralize their compute over time and not be reliant on a single provider. AMD will be able to take advantage of that and they've already stated that is their focus going forward.
ROCm/HIP are getting incrementally better, MI300x have 192GB and benchmarks are looking good, the only problem is that nobody has access to the higher end hardware from AMD today. That's why I'll have MI300x, for rent, soon.
Some people will pay more to be first in line.
Given that GPU production is mostly sold out, and that giving META a bigger discount would simply mean losing money from other purchasers.
That said, the attack you describe has happened for much smaller cryptos. I'm not saying it can't happen, I'm saying there's no reason to assume it would be a huge threat to Bitcoin, because the actual risk for a user is vanishingly small. There are much bigger threats to Bitcoin's valuation that are far more plausible, such as government crackdowns.