A sure sign that AI is a bubble and will pop.

"Struggling Shoe Company Stock Rockets More Than 400% After Announcing Pivot To AI”, #HuffPost

"The company, now calling itself NewBird AI, said it intends to raise up to $50 million in funding, which it will then spend on 'high-performance, low-latency AI compute hardware' that it plans to lease to customers.

'NewBird AI expects to use initial capital from the Facility to acquire high-performance GPU assets, which will be deployed to serve customers requiring dedicated access to AI compute capacity,' the company said. 'NewBird AI’s long-term vision is to become a fully integrated GPU-as-a-Service (GPUaaS) and AI-native cloud solutions provider.’"

#AI #Economics #Business #Technology #StockMarket #AllBirds #StockBubble

”The technical term for it is circle jerk, but in the end instead of everybody cumming the world runs out of fresh water.”
-Hazel Thayer

https://youtube.com/watch?v=BUQjRTMBNuQ

#agi #economics #openai #microsoft #stockbubble

Every time before a financial crash, the financial markets will seek popular middle-class investment for one last injection of cash into an overheated bubble.

I can see the same thing happening all over again today.

#financialmarkets #stockbubble #ai #cryptocurrency