Nvidia and OpenAI abandon unfinished $100-billion deal in favour of $30-billion investment

https://lemmus.org/post/20316745

so that’s a 70% downwards revision… but sure, iT’S nOt a buBBle!!

The problem is every CEO knows it’s a bubble, and all are just trying to kick the can down the road long enough they can get out with their money before it bursts.

Everyone knows it’s going to happen. But to admit it would be career suicide, with the amount of money at stake for so many people, it might legit cost them their lives if they’re honest.

Trillions and trillions of dollars that could disappear in the blink of an eye when stock prices hit zero.

And when the big ones go to zero, there’s a very good chance it crashes everything because a few megacorps own everything.

Ironically the real apocalypse AI is likely to cause, is some kind of Mad Max situation after the bubble bursts. Especially in America where necessary infrastructure like food supply is run by private mega corps, if grocery stores are empty for two weeks shit gets insane quick.

They are going to put everyone’s retirement into the money pile. Pull their money out and then shrug when it collapses. How could we have predicted this?