Tech Billionaires Are Quietly Rooting for AI Bubble to Collapse
Tech Billionaires Are Quietly Rooting for AI Bubble to Collapse
Tech executives and investors have embraced the story of the AI bubble, and are actively rooting for it to burst.Joe Wilkins (Futurism)
lamassu
in reply to ☆ Yσɠƚԋσʂ ☆ • • •Fucking ghouls
astraeus
in reply to lamassu • • •Are these people fr
☂️-
in reply to lamassu • • •Tanis Nikana
in reply to ☆ Yσɠƚԋσʂ ☆ • • •ghost_laptop
in reply to ☆ Yσɠƚԋσʂ ☆ • • •☆ Yσɠƚԋσʂ ☆
in reply to ghost_laptop • • •PolarKraken
in reply to ☆ Yσɠƚԋσʂ ☆ • • •And then get bailouts on top of it.
They won during the inflation of the bubble, they win by getting the inside view and some limited control on the bubble bursting (thus, privileged opportunities to react and profit from the burst at minimum), THEN their very important companies get bailed out and escape the well-earned consequences.
It's win-win-win, and everyone but them pays the price, pretty much no matter what (with minor exceptions, maybe, if shit goes truly off the rails - from their perspective, by my measure, we're already there of course).
☆ Yσɠƚԋσʂ ☆
in reply to PolarKraken • • •PolarKraken
in reply to ☆ Yσɠƚԋσʂ ☆ • • •There's of course ALSO legalized gambling on trivial up through disturbingly poignant world events of all kinds, via Kalshi and Polymarket, both of which have the same member of the crime family on their board of advisors (read: Ouji-boarding the biggest bets for very good fukfuk). Shaping world events, or just shaking out the dumbest of the dumb dickheads playing? squints
There's of course ALSO publicly stated, State-legitimized-at-root money-laundering, directly consequential bribery, and various other shades of mutual-criming available to anyone with the bucks, via crime family cryptocurrency (-currencies). Shaping world events [we can't even begin to fathom let alone scrutinize], or just shaking out the dumbest of the dumb dickheads playing? squints-ier
There's of course ALSO...
[apologies, I'm now in fact dead 🤷♂️]
4am
in reply to ghost_laptop • • •They still think they’ll have collateral without an economy and they can buy up all the pieces for cheap and “rule” the ashes.
No, the banks will call in their loans to you once your stock isn’t worth dick and you will have to sell all your assets to the Saudis because you let the petrostates continue to exist instead of making real investments like devices to pull FREE ENERGY FROM THE SUN.
You could have made your stupid LLM toys independent of foreign energy ichor but your net worth is entirely fake and so you HAD to flow your profits to the REAL stakeholders, you baby dick losers
🍉 Albert 🍉
in reply to ☆ Yσɠƚԋσʂ ☆ • • •Fluffy Kitty Cat
in reply to 🍉 Albert 🍉 • • •🍉 Albert 🍉
in reply to Fluffy Kitty Cat • • •Fluffy Kitty Cat
in reply to 🍉 Albert 🍉 • • •🍉 Albert 🍉
in reply to Fluffy Kitty Cat • • •PolarKraken
in reply to 🍉 Albert 🍉 • • •Hanrahan
in reply to Fluffy Kitty Cat • • •neukenindekeuken
in reply to 🍉 Albert 🍉 • • •Grapho
in reply to neukenindekeuken • • •eldavi
in reply to Grapho • • •SnarkoPolo
in reply to 🍉 Albert 🍉 • • •Drew
in reply to ☆ Yσɠƚԋσʂ ☆ • • •