Post

First, NVIDIA: on the surface things looked good, but obligations to suppliers like TSMC have nearly tripled from $30.8bn to $95.2bn, inventories are over $21 billion, and 36% ($77.7bn) of its FY2026 revenue came from two customers. Any capex cut is existential. www.wheresyoured.at/on-nvidia-an...

NVIDIA added that it "...estimated that one AI R&D company contributed to a meaningful amount of our revenue purchasing cloud services from our customers in fiscal year 2026," referring to OpenAI. NVIDIA is investing $30bn to keep it alive. www.wheresyoured.at/on-nvidia-an...

Which brings me onto the main event: Analyslop, a new annoying brand of speculative fiction that moves markets because the media and investors don't understand anything, the latest example being Citrini Research's lie-filled "global intelligence crisis." www.wheresyoured.at/on-nvidia-an...

26/2/26, 5:06 pm5 reposts32 likes

Citrini Research's piece has no factual basis and is pumped full of outright lies. It's a scary story (science fiction, to quote @punkey.org) - that says all the right buzzwords, and ingests and regurgitates every AI booster half-truth and falsehood ad verbatim. www.wheresyoured.at/on-nvidia-an...

It's both deeply embarrassing and a failure of the media and markets' critical thinking that the Citrini Memo was taken seriously. No, Citrini's memo is not "provocative" or "brilliant" - it's slop! It doesn't hinge on any technological or financial evidence! www.wheresyoured.at/on-nvidia-an...

@aliceharper0101.bsky.social

The AI economy has become a grifter economy, with dodginess and chicanery at every level, where CEOs lie, and their lies are solidified into plausible-looking analyslop. And the institutions that should be challenging them are nowhere to be seen. www.wheresyoured.at/on-nvidia-an...

Alice Harper

27 Feb

The problem with calling out AI grift is that the benchmarks are real, the demos work, and the products occasionally do something useful. Makes the chicanery harder to isolate than in, say, crypto.

Dave Mueller

@dave-mueller.bsky.social

Just finished reading it. It was great! (Great as in 'well done'...not great as in 'the economy is propped up on bullshit and snake oil')

Arvīds Kokins

@archo5.bsky.social

I think we can't entirely blame this one on the media - there's a bunch of programming "influencers" on twitter/youtube who are propagating nonsense - you also see garbage in OECD "research" (which a lot of policy people sadly still take seriously): bsky.app/profile/arch...

Arvīds Kokins@archo5.bsky.social

also how did OECD manage to find near-constant and universal ~2% worldwide gen"AI" use pre-chatgpt? the data does not even make sense then I looked into the OECD paper and it seems I found the same chart then I opened the source to check if I can find the same data it's not there

Daniel Bayley 🇺🇦

@danielbayley.dev