322. Nvidia: 2 Boom 2 Bust

First we chat about the very dumb debacle with Google’s Gemini AI being “absurdly woke,” when in reality the story here is that they were extremely naive and lazy about how to solve the structural biases of white visual culture. Then we get deeper into Nvidia’s major stock rally after blowing away all expectations with their latest financial reportings – and what this means for the political economy of technology, both AI specifically and the sector broadly. ••• A Sign That Spells: DALL-E 2, Invisual Images and The Racial Politics of Feature Space https://arxiv.org/abs/2211.06323 ••• The Deeper Problem With Google’s Racially Diverse Nazis https://www.theatlantic.com/technology/archive/2024/02/google-gemini-diverse-nazis/677575/ ••• Now Google's 'absurdly woke' Gemini AI refuses to condemn pedophilia as wrong - after being blasted over 'diverse' but historically inaccurate images https://www.dailymail.co.uk/news/article-13122189/Googles-absurdly-woke-Gemini-AI-refuses-condemn-pedophilia.html ••• AI boom catapults Nvidia into tech’s big league https://www.ft.com/content/1f8b317d-fcce-4f5b-9e54-8315e102ec10 ••• What Bubble? Nvidia Profits Are Rising Even More Than Its Stock https://www.bloomberg.com/news/articles/2024-02-26/hedge-funds-unload-tech-stocks-after-going-all-in-before-nvidia ••• The AI craze has companies even 'more overvalued' than during the 1990s dot-com bubble, economist says https://qz.com/ai-stocks-nvidia-overvalued-dot-com-bubble-1851287271 ••• Nvidia's $2 trillion market cap looks bubbly https://www.axios.com/2024/02/23/nvidia-valuation-chipmakers-trillion Subscribe to hear more analysis and commentary in our premium episodes every week! https://www.patreon.com/thismachinekills Hosted by Jathan Sadowski (www.twitter.com/jathansadowski) and Edward Ongweso Jr. (www.twitter.com/bigblackjacobin). Production / Music by Jereme Brown (www.twitter.com/braunestahl)