I can burst it quick if I invest in Nvidia and AMD.
AMD is an industry leader with a huge economic moat and I think they will be okay when the bubble pops. I’m not sure about Nvidia though, despite having superb chips, because the problem is they loaned to companies to buy their chips. So, Nvidia’s finances will be strained because Jensen Huang created a ponzi scheme that could not repay or be profitable to itself.
Not really a ponzi, more like circular financing. Nvidia exposed itself to the AI bust for no reason other than to keep the money flowing to buy their chips for a little longer. They were selling shovels in a gold rush and screwed it up by letting people finance the shovels. They’re not in the finance business, they’re in the chip business.
nvidia gives a trillion dollars to AI, AI buys a trillion dollars of future, currently unmade video cards to run the AI, nvidia gives AI another trillion dollars, AI buys another trillion dollars of unmade future cards, etc etc etc.
Its the biggest, highest energy economic ouroborus I’ve ever seen.
I cant see how nvidia survives the pop, and quite frankly, I’d be glad to see nvidia die. its been dragging the GPU market in bad directions for a decade+ now and I think it’d be better to be free of its influence… and it’d open the door to new players to step up and competition again.
I’m usually a rationalist but nothing can convince me that Sod’s Law isn’t somehow baked into the structure of the universe.
That’s the point. AI was never meant to succeed. It’s a ransom. They are willing to kill the hostages so to speak.
economy of paid subscriptions needs to die. ☑️
I agree, I deleted almost every app that has a subscription
If the apps have a pay once and buy once option then I keep and don’t delete
So the top 7 companies hedged their entire futures on something unsustainable? In the last 12 months Oracle already laid off over 50,000 employees to bottom-line their AI goals (30,000 ish and 21,000ish a couple weeks ago).
Are we at the point of stocking up on materials and pulling $$ from banks for the inevitable collapse?
The scumbags are getting better at making sure they end up rich when it happens. The only important thing from their point of view.
It has always been either the economy crashing because the AI bubble pops, or the economy crashes because the bubble didn’t pop due to AI successfully replacing enormous numbers of workers.
It’s not AI it’s UBI. AI is going to happen. What was important was an orderly transition to UBI.
AI is going to happen.
Oh? So there are hard numbers showing a positive ROI now?
Too big to fail…again…
The stability of our economy depends on them quickly changing course.
Oh. Well.
Yeah wow hey maybe you should have fucking listened to everyone who’s been saying that for goddamn YEARS.
Sold everything with massive profit early July. Even if it doesn’t crash, I’m happy.
