Aleksandar Tomic

chess player

12 stories

21 quotes

This is the tobacco litigation of the information age. They [the plaintiffs in the Meta lawsuit] have identified this addiction component of social networks. Now that there is a judgement against Meta, I would be shocked if we don’t see everybody else getting sued, and once they get sued, it will be pretty much the same,
I think it’s [Meta] in an unenviable spot, because it’s facing pressure from multiple fronts,
The demand is not as big as it appears to be because, again, the companies are buying from each other using their own money to some degree, as opposed to, say, OpenAI having such tremendous demand from customers, monetising it properly, and then using customers’ money to buy Nvidia chips. They’re essentially using Nvidia’s money to buy Nvidia chips,
If everything is so hunky-dory and everything is full steam ahead in the entire AI ecosystem, why is this kind of deal even needed? I think that’s what’s giving the market jitters because the question is: Why is this necessary? Why is Nvidia trying to juice up demand for its chips in this particular way
What is happening right now with OpenAI and others is that they have the need for computing, but apparently they don’t really have the revenue or the financial capability to engage in the capital expenditures necessary to support their activities,
Companies would engage in circular financing deals where they would essentially buy from each other and make it look like there was greater demand for their services than there really was. At some point, the money runs out,

Earlier

Mark Zuckerberg encouraged growth over child safety, ex-Meta executive testifies at trial

NBC Newsnbcnews.com/tech/social…

Accused of fueling addiction among adolescents, concealing the harmful effects of their platforms (which can drive young users into depression) and illegally harvesting children's personal data, Meta and its social networks Instagram and Facebook are facing their most serious reckoning yet

Le Mondelemonde.fr/en/opinion…

OpenAI Close to Landing $500 Billion Data Center With Backing From Nvidia

The New York Timesnytimes.com/2026/07…

Nvidia Corp. shares tumbled Monday morning, falling 4.48% to $197.57, after a weekend report revealed the chipmaker is negotiating an enormous financial backstop tied to OpenAI's data center ambitions, reigniting investor concerns about circular financing arrangements across the artificial intelligence industry

International Business Times AUibtimes.com.au/nvidia/shares…