Comment by tonyhart7
how is that market failure??? this is literally market of supply and demand at its core
how is that market failure??? this is literally market of supply and demand at its core
OpenAI appears to have bought the DRAM, not to use it, as they are apparently buying it in unfinished form, but explicitly to take it off the market and cause this massive price increase & squash competition.
I would call that market manipulation(or failure if you wish)--in a just society Sam Alton would be heading to prison.
It is the market working as expected, but it still failed to allocate money diversely.