Posted by fauigerzigerk 1 day ago
You could argue strategic deals like this allow the manufacturers to make the massive capital investments in manufacturing capacity to increase supply.
Otherwise it might be simply too risky - and in the end you end up with lower supply and higher average price.
Moreover, the AI companies have not bought anything with their own money, but with the money of naive investors who believe that their money will be used by the AI companies to buy things out of which they will be able to get the most value.
So for now, this is strictly only speculation, which has driven the prices sky high. It remains to be seen who will really get any value (besides Micron, NVIDIA and the like, who have got good money for their products).
Money was supposed to be a means by which it is recorded what someone has given to others, so that they may receive equivalent resources in return. But now money has retained this function only for employees and other low-income categories.
> where some people have access to huge fictitious resources
The "huge" adjective seems to be the core of the problem.