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https://freedium.cfd/https://wlockett.medium.com/the-ai-bubble-is-far-worse-than-we-thought-f070a70a90d7>
“Everyone who isn't a tech bro weirdo can see that the AI industry exists in a
bubble. The big question so far hasn't been "if" there is a bubble, but how
large it is, when it will pop, and who it will affect. Sadly, because no one
has a crystal ball, we can never hope to figure out when shit will truly hit
the fan. But we have also struggled to pin down the size of this bubble, as the
reality of AI economics has become muddied by Big Tech propaganda. Likewise,
these corporations have propagandised their finances to the point of unreality,
making it nearly impossible to figure out who is actually connected to the
bubble. However, recent analysis has cut through this cloud of doubt, and
reality is far more terrifying than we thought possible. This isn't a bubble —
it is a financial nuclear bomb.
Let's start with the truly gut-flipping findings of Julien Garran.
Garran is an analyst for MacroStrategy Partnership, an independent research
firm that advises 220 institutional clients. He also previously led UBS's
commodities strategy team. Needless to say, he understands his subject
material. But his recent analysis discovered that the AI bubble was 17 times
the size of the dot-com bubble and four times larger than the 2008 housing
bubble!
How did he arrive at that figure?”
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
