Chip race: Microsoft, Meta, Google, and Nvidia battle it out for AI chip supremacy
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The terror machines at Elliot Management view Nvidia as overvalued and say AI isn’t going to live up to the hype.
Elliott Management, famous for targeting underperforming companies such as Twitter, says Nvidia is in a bubble, in a new letter to investors.
Many of AI’s supposed uses are “never going to be cost-efficient, are never going to actually work right, will take up too much energy, or will prove to be untrustworthy”, it said.
Elliott says Nvidia is in a ‘bubble’ and AI is ‘overhyped’
[Financial Times]
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