https://www.mooreslawisdead.com/post/sam-altman-s-dirty-dram... On October 1st OpenAI signed two simultaneous deals with Samsung and SK Hynix for 40% of the worlds DRAM supply... the shock wasn’t that OpenAI made a big deal, no, it was that they made two massive deals this big, at the same time, with Samsung and SK Hynix simultaneously! In fact, according to our sources - both companies had no idea how big each other…
> Had Samsung known SK Hynix was about to commit a similar chunk of supply — or vice-versa — the pricing and terms would have likely been different Wouldn't this be ... collusion? Implicitly arguing that the memory oligopoly should have been coordinating is ... quite something. OpenAI may well be doing something anticompetitive by cornering supply to foreclose competitors, but saying "they tricked the suppliers into…
In reality, so-called collusion is normal and unobjectionable. But when price surges happen, often due to factors outside of the seller's immediate control, people look for any reason to find an ethical dimension and find how to place blame, because this is more convenient. Things that were normal become abnormal and suspicious. It is in consumers economic self-interest to act in this way, because it often secures favors to them from various economic policies that they don't normally get when the market is "normal". This is no less a form of collusion than what sellers might do to secure their economic advantage. But a key difference for these anti "gouging" policies is that it gives consumers a special privilege and makes market pricing less able to fulfill its social functions.