Friday, September 12, 2025

The NVIDIA AI GPU Black Market

@FateShape
Because of bloomsperg, I was notified of this video. Classic Streisand effect.

@cs_mns
DKK 500.00
WTF, this video is going to be absolutely wild! ❤ you Steve and the team, thank you so much!🔥

@Sunlight91
US government: 4090 with 24GB is banned for export
Chinese: OK, we make a 4090 48GB

@zerolegel
CA$25.00
Found your channel when I was looking for an office chair, three years later I am deep into smuggling GPUs.

@BloopSenang
Gotta say, I didn't expect a channel that I've occasionally visited to check GPU performance in convenient graphs in 2018 to grow into a treasure trove of relevant tech-industry info, as well as one of the very few consumer rights and journalism strongholds by 2025. Your courage shows strong, GN team.

@adriandotexe
"and we might upset nvidia. again."
In other news the sky is blue and water is wet. More at 11.

@B1ZMVRK
Thank you for everyone assisting Gamers Nexus crew film in their facilities, for making it happen, and entertaining their questions.

@Photoss
I sold my 4090 on marketplace a few months ago. The guy drove 600 km to come get it, and when he came he asked me if I could help him test another 4090 he just bought. I’ve been very cool with him, so at the time he was getting back to his car he opened up and told me those GPUs were to be shipped in China to be upgraded to 48 gig on a custom PCB. They were buying every available 4090, they needed 1000 of them for a specific project. Looks like you unfold every other step of the process, really interested in that movie!

@TheDei1998
The "one eye open, one eye closed" design is one the coolest designs I’ve ever seen! Glad to support GN endeavors and to be known as “The Fence” ….

@povilasstaniulis9484
Looks like it's been copyright struck by Bloomberg (surprise, surprise...). Please re-upload it somewhere outside of YT if possible.

@WinnieBlue
Holy cow. Now THIS is investigative journalism.

@TheJupiteL
Been watching this channel for about 10 years now. Never would have thought it would turn into a cyberpunk detective agency.

@ERP_Klim
Oh my GOD! I actually have a real story about Chinese guy buying my used 4090 here in Moscow, Russia a month ago, so it could be taken back to China, and made into 48GB version aha. These guy was very cool. He came over with a big suitcase, and he had an old actual freakin monitor in it, to test the GPU. He pooled out USB stick which was wrapped around with notepad paper, and he booted from these USB. These test on the screen looked like a mixture of random artifacts, colourful noise, like on an old CRT, and other weird staff. After that, he gave me my 190k Rubles ($2400) from a big stack of banknotes, and said that he will leave suitcase here, cause he needs to drive off to another seller, and will be back, while me and my mate were taking the GPU out of waterloop. 1 hour later he came back with another 5 4090s, and he was taking only the boards, leaving cooling to the owners, cool. He gave us a pack of Chinese cigarettes as a present and drove off. That was the most memorable Sale in my life! Meanwhile I'm actually happy that my 4090 will be upgraded into something more "Powerful" and actual work, will miss u ❤‍🩹


NVIDIA (NVDA) GPUs have become so in-demand for so-called "AI" workloads that a black market has emerged around them. Where there's prohibition, there's smuggling, and there's money to be made for everyone in the chain. We found smugglers, users, fences, middlemen, and institutions in China, Taiwan, and the US involved in this pipeline flowing export controlled GPUs to China. This is in violation of US Government law, which now includes imposed numerous restrictions on semiconductor processing capabilities, making legitimate export of high-end GPUs to Chinese companies or governments impossible without rarely-granted licenses. But while this is going on, the US Government, NVIDIA, and AMD have been negotiating a cut of sales of two specific models of GPU in order to unblock over $6 billion in combined lost revenue between the companies.

We also spoke with a factory about how they make GPUs for Yeston. Yeston is not involved in the black market and doesn't even make the high-end GPUs that are banned, but it gives us important insight as to how video cards are made and what the process is. The process is the same for all cards, and this means we can show a factory without issues from NVIDIA for a brand which makes high-end NVIDIA GPUs.

SUPPORT THIS MOVIE the backer tiers are the only way to get digital rewards, like the wallpaper packs, bonus videos we're filming, behind-the-scenes with the team, and the USB key with the movie written to it! They are only available a limited time. https://store.gamersnexus.net/black-market-gpu-backers

Thursday, September 11, 2025

Death of American Capitalism by Benn Jordan

@buriedpet
“Socialism for the rich, rugged individualism for the poor”

@Robert-vk7je
When the game of monopoly is over, the last player returns all assets to the bank and a new game can begin.

@carlos_herrera
As an 80s kids crazy how everything they told us was bad about communism is what we have, or are getting now, with none of the benefits.

@Ivytheherbert
"If buying isn't owning, then piracy isn't stealing."

@cdavidcvalencia
Before I started the video: "Oh, someone with too much optimism is delusional about the end of capitalism"
Me at the end of the video: "Oh, capitalism it's just dying to give birth to something even more horrifying, that tracks"

@LuisLopez2
This video was interrupted by an ad of a 20-year-old guy wearing a towel and a do-rag pitching me how to get rich in day trading without money down. I hate this era with the passion of a thousand suns.

@edgewayround
The amount of money the world spent on bank bailouts is more money than the world has spent on science and education, ever - Brian Cox

@nullfield-eo8rx
Henry Ford, "If most people understood how finance works, there would be riots before lunch."

@wolfdreamer9
"I can't believe people think having to work for basic needs is synonymous with freedom. It's literally a bunch of rich people hoarding essential resources and telling us to serve them or die"

@djosko031
Title: " You Are Witnessing the Death of American Capitalism "
Me since 2008: " I know "

@corycarter3887
I’m a mechanic and the rent seeking economy you describe is everywhere. It’s no longer profitable to create new machines or innovate technology, it’s about controlling access to it as you said. Recently I put a transmission in a Chevy Malibu. It came out of the same year Malibu. It was the same transmission. However we had to call a computer guy to come out and program this transmission to talk to the engine to make the car work. This transmission is exactly the same, the gears and such that make it work are the same, but General Motors made it so it had to be programmed. Even the diagnostic tools we have to use the shop has to pay a subscription fee to get updated. The internal combustion engine has operated the same since its invention, yet to even be able to diagnose these things we have to ask the manufacturer for permission essentially. Talking about the velocity of money and stuff, they made an entire new market of having a guy have to come out and plug in his software to make it work, when the machine itself hasn’t been improved or innovated at all, in fact only gotten worse and cheaper. But the money found a new place to move.

@jb_kc__
I came to this same realisation when i started investment banking as a bright eyed graduate, and slowly realised that we were just marking up companies based on BS projections to the same handful of PE firms, who 3 years later would sell them on again to one of the other firms, and so the circlejerk continues. Thus began the deep spiral into "oh so this is how the world actually works"