The 'AI is a Bubble' Narrative is Stupid, Wrong, and Dangerous
Introduction
Republished with permission by Devansh, writer of AI Made Simple. The situation is a bit… odd. OpenAI signs a $300B deal with Oracle. Oracle buys tens of billions in GPUs from Nvidia. The money loops as industrial blocs consolidate — and focusing on 'bubble' terminology distracts from how Nvidia is consolidating power through standards-setting and ecosystem control.