We’re in a bubble. Everybody says we’re in a bubble. You can’t say we’re not in a bubble anymore without sounding insane, because everybody is now talking about how OpenAI has promised everybody $1 trillion.
We’re in a bubble. Everybody says we’re in a bubble. You can’t say we’re not in a bubble anymore without sounding insane, because everybody is now talking about how OpenAI has promised everybody $1 trillion.
I do wonder how this will all come crashing down, and which company will be left standing.
It seems pretty clear all of these promises of building “gigawatt datacentres” are wishful thinking and can’t be realized in the next few years. By then, the money will surely have run out, right?
But of course OpenAI uses gas turbines and fracking to squeeze out as much power as they can. Despicable.
Honestly the fact that Bitcoin is still going despite having no connection to anything physical genuinely makes me wonder about how connected these stock prices are to reality.
I think Nvidia and AMD will survive. Sure, their market to sell shovels to is going to collapse, but they’re not hundreds of billions of dollars in the hole. They’re just shovel sellers.
Apple is only spending what it can afford and hasn’t bet the house on it.
Microsoft, Twitter and Meta are dead men walking IMHO.
Any AI startup company is dust.