I think that’s a good observation.

Part of the problem is that all the while the stock prices stay up, those companies in the second bubble have the spending power of governments, and that in-turn inflates the first bubble.

Aye, and with all the money consolidated in a few big tech companies they’ve basically been able to form their own “oligarchy funded project” and act independently of any government.

An economy all their own.

No, but the companies using it should.

You are comparing very well established brands to a company in a sector that is far less established. Yes, OpenAI is the most well known, but not to the degree of $300B.

Context for the context

https://www.youtube.com/watch?v=LTJvdGcb7Fs

The last one was plain old dodgy rust code.

This OpenAI RAM buyout really was a “If we’re going down, we’re taking everyone with us” move.

So where are the regulators right now? Oh yes, they’ve all been completely gutted by the governments.

All the lights go out on mine when it overheats, and then there’s a puff of white smoke.

Unbounded capitalism is for sure.

I would say “AI” makes a good poster child for what to fight against. It embodies a lot of what’s wrong.

It’s good for optimisation problems, where you have a complex high-dimensional space to search and you’re solving for some measurable quality.

It’s already there for most of us. It only a few rich companies getting richer that’s making the line go up.

All your codebase belong to us!

Nvidia is less speculation that the other companies mixed up in this. They at least sell physical goods which they’ve been shipping.

Microsoft, Google, X, Meta - Oh boy!

The stat that’s going around at the moment is that 30% if the GDP is transactions between the “Magnificent 7”. That one is fair because it’s economic activity.

The underlying economy is in recession with the AI frosting on top pushing it to break even levels.

…but what am I going to do while it’s compiling?

“We’re basically holding the planet together — and it’s not untrue.”

So he admits that it’s a bubble set to burst.

I certainly remember PS2 consoles being used like that. The cell processor was impressive.

Remembering those who died in service maybe…

“The 11th hour of the 11th day of the 11th month” is when WW1 ended and is held as Remembrance Day across Europe .

That explains it being like the 90s. That’s Australia in general. New Zealand is more like the 70s.