"Remember that nobody has yet worked out how to make an actual profit from AI. So what if — God forbid — number stops going up?
There’s a plan for that: large data center holders will go public as soon as possible and dump on retail investors, who will be left holding the bag when the bubble deflates."
(Original title: Pumping the AI bubble: a data center funding craze with ‘novel types of debt structures’)
pivot-to-ai.com/2024/11/19/pum…
https://tldr.nettime.org/@tante/113514460304053219
@tante
This sadly feels very plausible.
@tante @catsalad ai is becoming a financial event
@tante There's nothing novel about any of this. The bubble history goes at least all the way back to the Great Depression: rollingstone.com/politics/poli… - yes, it's Matt Taibbi again; his […]
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@tante That's objectively wrong. Much like in the gold rush the tool selling companies are doing pretty well.
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@tante
well... "private profits, public losses", as usual
@tante just wondering: what did we learn from the "dot.com" bubble?
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