Critical mineral mining and rare earth elements (REEs) processing are disrupted by both the destruction of energy assets in the Gulf and the closure of the Strait of Hormuz: https://thesoufancenter.org/intelbrief-2026-march-25/
#military #inflation #IranWar #warInIran #sulphur #helium #semiConductors #AIBubble #defence #defense #Hormuz #Qatar #GNL #energy #oilAndGas
The seismic economic ramifications of the Iran War are directly affecting the technological dimensions of the Great Power Competition between the United States and the People’s Republic of China (PRC). The impact of plummeting and disrupted supplies of critical oil refining derivatives, including helium and sulfur, has at times been overshadowed by more immediate concerns […]
The seismic economic ramifications of the Iran War are directly affecting the technological dimensions of the Great Power Competition between the United States and the People’s Republic of China (PRC). The impact of plummeting and disrupted supplies of critical oil refining derivatives, including helium and sulfur, has at times been overshadowed by more immediate concerns […]
Unfortunately, fusion power involves highly volatile magnetic fields, and AI will be needed to react to fluctuations quickly. Other than that, I think the novelty is wearing off. I hate to root for a bubble popping, but here I am. Still, I admit I dread the AI dungeonmaster as one of those uses that may partially justify all of this investment.
So #openAIsora is being sunset, two years after it was launched. What value has it provided the world, vs what damage and cost? Fuck you, #OpenAI!
2028, June: #OpenAi "Automated researcher" finds that indeed, the source of all of humanities problems is naked, predatory #capitalism
2028, July: #Aibubble bursts, collapsing the entire industry.
10k words, wrong thesis.
He's banging on about GPUs in boxes. The actual scandal is GPUs as financial instruments. CoreWeave has $30B in debt collateralised against physical chips in SPVs (Special Purpose Vehicle), depreciated over 6 years based on projected inference revenue that doesn't exist. NVIDIA sells the GPUs, then rents some back, and that rental income services the debt used to buy them.
Nobody knows what an H100 is worth in 2028. Billions of dollars of structured finance assumes the answer is "enough."
Not asbestos in the walls, Ed. CDOs. Read a balance sheet instead of Pluralistic for once.
Zitron found the right neighbourhood and broke into the wrong house.
#AIBubble #GPU #CoreWeave #NVIDIA #StructuredFinance #TechDebt #Securitisation #WheresYourEdAt
"You’ll Snort-Laugh When You Learn How Much #AI Actually Added to the #US #Economy Last Year" - basically the article says the impact was zero
https://futurism.com/artificial-intelligence/ai-economy-gdp-2025
OpenAI just shut down its Sora video generator. It seems we're witnessing the beginning of the end of the GenAI bubble.
Hyperscalers like OpenAI never had realistic business models, but the Iran war and soaring energy costs have made these models even less viable.
If OpenAI is forced to evaluate the profitability of its services, it will likely keep military and B2B services, as well as cheaper, less computationally demanding text generators.
OpenAI has an added problem: compared to Anthropic's Claude, ChatGPT is now like Altavista's search engine compared to Google's in 1998. This realization is slowly seeping into the mainstream.
Due to its investments in data centers and contracts with computer hardware manufacturers, OpenAI has single-handedly drained the personal computer market of GPUs, SSDs, RAM, and hard drives. Exploding prices mean that local AI systems (local LLMs and image generators) are no longer viable alternatives for most people. This creates a bottleneck for AI image generation, from Sora to other AI image generator services.
The end of Sora could mean that OpenAI is in trouble and that the long-predicted AI industry crash similar to the 2000 dot-com crash is near.
Hublai (charismatic megafauna)
Eric Maugendre about carbon
Eric Maugendre about emissions
Spinner
Marius Gundersen - mdg 🌻
Wulfy—Speaker to the machines
Captain Jack Sparrow
Jesus Castagnetto 🇵🇪
fcr