Fallout from the Nvidia scandal may dampen the exuberance around the AI boom
“Nobody’s just sitting still,” he said.
He described the circular financing practice as “incestuous.”
Nvidia has had an advantage from the start and as soon as a competitor releases something just as good, Nvidia has put out the next better chip, said Jay Aldebert, chief growth officer of International Services Inc.
Leadership within companies across the tech sector likely spent much of Thursday in meetings aiming to figure out a “backup plan” for some of their financing, Aldebert said.
AP’s paraphrase of Jay’s points. Quotation marks appear only where the article uses them.
ABC News ran The Associated Press story by Barbara Ortutay and Kaitlyn Huamani on how the Nvidia scandal may cool the AI boom. Jay is quoted on the chip race and on the circular financing between AI companies.
This is a pickup of the AP story, not a separate interview with ABC News. Original story: AP News. See Jay’s AP page.
Read the full story on ABC News →