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Nvidia passes Alphabet in market cap and is now the third most valuable U.S. company (www.cnbc.com)

submitted 9 months ago by [email protected] to c/[email protected]

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Nvidia passes Alphabet in market cap and is now the third most valuable U.S. company::The symbolic milestone is more confirmation that Nvidia has become a Wall Street darling on the back of elevated AI chips sales

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[–] [email protected] 24 points 9 months ago (2 children)

The profit-motive of capitalism (monetization and surveillance capitalism) are what's destroyed the web. It went from an "information superhighway" lead by techies, scientists, and individuals sharing knowledge to a corporate lead value extraction machine.

Obviously servers cost money, and there are many valuable services, but the infinite growth model guarantees enshittification and paying customers getting assimilated by the borg eventually (cable and now streaming ads, despite profitability).

[–] [email protected] 6 points 9 months ago

The factory must grow!

[–] [email protected] 6 points 9 months ago

But also the techies wound up with a serious faction who started asking why they aren’t allowed to be kings