TheBuzzer
HACK THE WORLD!
- Joined
- Aug 15, 2005
- Messages
- 13,005
most likely, expect to see a price hike for next genWhy? They will just pass it on to the customer.
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most likely, expect to see a price hike for next genWhy? They will just pass it on to the customer.
No doubt but the hike would be even higher if it was a $5.5 billion fine.most likely, expect to see a price hike for next gen
Well TSMC raised their rates 10% or so to cover their expansion costs. So yeah, combined with increased demand on their 5nm and we are looking at quite the increase indeed.most likely, expect to see a price hike for next gen
Alright, then, make the fine so big it closes the business. No more customer, no more complaining.Why? They will just pass it on to the customer.
Yes then we just have AMD left in the GPU market to bend us all over.Alright, then, make the fine so big it closes the business. No more customer, no more complaining.
Basically what NVIDIA did with this "fine".I'll just use my f****** verbal morality fines, thank you.
Everything from Demolition Man is coming true!Basically what NVIDIA did with this "fine".
View attachment 472125
One thing I just noticed is the logo on the morality-fine machine.
Are they powered by Debian Linux...?
View attachment 472124
Demolition Man released in October 1993.
Debian Linux released in September 1993.
It's like the creators of Demolition Man just knew embedded devices were going to be running Linux in the future; that is some seriously scary forward-thinking.
Out of all the cyberpunk movies in the last 40 years, Demolition Man really did have the most accurate prediction of the dark cyberpunk future, which we sadly are now living in.
If you want to make your own morality-fine machine that really is powered by Debian, here you go!
Alright, then, make the fine so big it closes the business. No more customer, no more complaining.
They had $21.2 billion on hand, according to this:$5.5M which Nvidia has in the petty cash box.
Maybe this was just the money in Jensen's leather jacket pocket then.They had $21.2 billion on hand, according to this:
https://www.macrotrends.net/stocks/charts/NVDA/nvidia/cash-on-hand
Shareholders were mad because they saw a huge spike in sales and saw it thinking that growth would continue not as a one time event. Nvidia didn’t correct them on that line of thinking, so the SEC came in to determine if that omission was intentional or not. They determined they couldn’t tell because the data didn’t exist but also know that Nvidia had to know it was going on. So they got a tiny fine for not being diligent enough to keep the SEC out of it.Don't understand why those sales would be anyone's business except if they were deceiving shareholders. And if the shareholders aren't mad, then it should be dropped.
Everyone thought they were garbage at first because of the high cost per hashrate and lack of resale value etc, but the CMP 170HX is about twice as efficient as the 3000 series GPUs so they've been selling well. You'll still see them on ebay for a $2k markup, but suppliers have been telling me for the last month or two that they're unavailable (they did just get a shipment in this week though).Do miners actually buy the mining cards? They have like zero resale value.
I kinda get where the SEC is coming from with this, but at the same time, everyone saw what happened last time with GPU sales slumping after crypto crashed, so how could any investor not predict that happening again at some point, or that nvidia was seeing increased sales due to crypto mining demand?Shareholders were mad because they saw a huge spike in sales and saw it thinking that growth would continue not as a one time event. Nvidia didn’t correct them on that line of thinking, so the SEC came in to determine if that omission was intentional or not. They determined they couldn’t tell because the data didn’t exist but also know that Nvidia had to know it was going on. So they got a tiny fine for not being diligent enough to keep the SEC out of it.
This was the result of the SEC investigation from the 2017 crash.Everyone thought they were garbage at first because of the high cost per hashrate and lack of resale value etc, but the CMP 170HX is about twice as efficient as the 3000 series GPUs so they've been selling well. You'll still see them on ebay for a $2k markup, but suppliers have been telling me for the last month or two that they're unavailable (they did just get a shipment in this week though).
I kinda get where the SEC is coming from with this, but at the same time, everyone saw what happened last time with GPU sales slumping after crypto crashed, so how could any investor not predict that happening again at some point, or that nvidia was seeing increased sales due to crypto mining demand?
Ah, that definitely makes more sense then.This was the result of the SEC investigation from the 2017 crash.
vehicles used to commit crimes are almost always stolen vehicles in the first place, so this is another useless metric LoL!sold to people
vehicles used to commit crimes are almost always stolen vehicles in the first place, so this is another useless metric LoL!
The dark dystopian cyberpunk future may be inevitable, but my OS (one of them at least) is still supported in 2032. Victory!One thing I just noticed is the logo on the morality-fine machine.
Are they powered by Debian Linux...?
It's probably running a customized Busybox too. How ironic would that be if the morality machine had to fine itself for GPL infringement.Demolition Man released in October 1993.
Debian Linux released in September 1993.
It's like the creators of Demolition Man just knew embedded devices were going to be running Linux in the future; that is some seriously scary forward-thinking.
There were reports of an upcoming sequel a couple of years ago (as I'm sure you're aware), but it's hard to know what to make of news from the entertainment industry. I think they wanted to do a sci-fi version of the original, which has since been reclassified as a "docudrama". It isn't surprising that few people are aware of Demolition Man 2 (2013), as it contained "inappropriate content" and promoted ideas that were deemed counterproductive to the interests of certain entities, and was therefore not authorized for release to the public.Out of all the cyberpunk movies in the last 40 years, Demolition Man really did have the most accurate prediction of the dark cyberpunk future, which we sadly are now living in.
Interesting! There may still be time to sneak in a backdoor. I'll take a look as soon as the smoke from the nearby book-burning festival dies down.If you want to make your own morality-fine machine that really is powered by Debian, here you go!
This was a legitimate fine, it's just like with all fines from the SEC, it was a few orders of magnitude too small to change corporate behavior.
This is not a conversation about the appropriateness of GPU's being used for mining, or gamer rage, or anything like that. It was a violation of Nvidia's responsibility to be honest with their investors. A public company has very many rules they need to obey when it comes to financials and statements.
In this case, gaming is considered a fairly stable market. Gamers regularly buy GPU's, and there aren't violent swings in that market. Heck, even during the financial crisis, GPU's continued to sell.
Mining on the other hand is very volatile. Sales to miners can be huge one year, and then drop off a cliff the next.
By lying to their investors about where their sales were going, they were lying about how stable these sales were, resulting in investors overestimating the sales stability. Again, public company needs to follow public disclosure rules, and they didn't.
Again, a $5.5 million fine is pocket change for a company like Nvidia though, so this is unlikely to result in any kind of changes in behavior. It just winds up being the cost of doing business.
SEC really needs to step up its fines to the point where they have real financial harm to a company, otherwise they don't be much of a deterrence at all.
Ok, but can you tell me how this helps the investors that were supposedly wronged?
I could understand if the fine or some sort of punishment was for the person/people doing the wrongdoing. But the fine was to NVIDIA as a compnay. So basically it was a fine for the investors.
And the money for the fine is going straight to the government. The investors aren't getting anything out of it.
But that’s the fun part, the SEC found that Nvidia hadn’t done anything wrong. They should have done a better job at information gathering and reporting but they reported the data they had honestly. The fine was for not gathering enough data to present to their shareholders not for misappropriating the data they did have.Yep, that is a bit of a perverse impact. Same thing when groups of shareholders sue a company for wrongdoing. Even if they win, heir impact is just to harm the rest of the shareholders.
The intent is that the fine is supposed to dissuade future wrongdoing. It may not help the shareholders that were harmed in this case, but enforcing the regulations still has value, as it acts as a disincentive for others to do the same thing in the future.
It's similar to the reasoning behind punitive damages in lawsuits. It provides a disincentive for others to do the same thing, and overall helps keep order and justice. It would be better if those punitive damagees were directed elsewhere than to the plaintiff though. Maybe victims compensation funds or something like that, because it is often kind of crazy that a single person gets a payout 1000 times greater than their actual damages.
Except, the fines are way too small to accomplish that, which is why they need to go up by at least a couple of orders of magnitude. There needs to be some sort of scaling factor based on the means of the organization. Maybe set fines by percent of market cap, or something like that. This way you can punish large firms and small firms equally