Hacker News Reader

All these giant non-binding investment announcements are just a massive confidence scam.

I don’t think so. I think it is positioning for the unknown future and hedging.

For example, Amazon isn’t able to train its own models so it hedges by investing in Anthropic and OpenAI. Oracle, same with OpenAI deal. Nvidia wants to stay in OpenAI and Anthropic’s tech stack.

It’s all jockeying for position.

Oracle is a perfect example of using empty AI partnership announcements to goose the stock price and also a perfect example of how unsustainable of a strategy it is.

You're explaining why they invest, not why they make pie-in-the-sky non-binding announcements. The point of those is to inflate the bubble and keep it going as long as they can.

The non binding agreements is due to the implications of AI. No one knows for sure who will win or what will happen. These aren’t just fake agreements though. Oracle is building Stargate. Softbank’s investments are in OpenAI’s bank.

We know that it is all a grift before the inevitable collapse, so everyone is racing for the exit before that happens.

I guarrantee you that in 10 years time, you will get claims of unethical conduct by those companies only after the mania has ended (and by then the claimants have sold all their RSUs.)

Reply on news.ycombinator.com