@cstross

I'm guessing that the bubble will pop in 12 to 18 months.

I can see them generating this level revenue.

I wonder whatbthats going to look like for the rest of the economy? 🥺

@simonzerafa No, it'll burst sooner than that. Once SpaceX, Anthropic, and OpenAI have IPO'd the big hypemongers will take their loot and run away, very fast, leaving the shareholders holding the bag.

Back in '99-00, the dot com bust followed a wave of IPOs as founders cashed out …

@cstross @simonzerafa

The dotcom bubble killed a lot of companies and not always the "right" ones. This current bubble's insanity is like dotcom + Y2K + S&L. The fallout will likely cripple multiple economies and ruin 401ks across the board. This is looking like a generational collapse on the scale of The Great Depression largely because the current US government is an active participant in the looting and destruction. I suspect multiple governments will prop it up long after it should be dead just to maintain access to the surveillance it enables and use our taxes to do it. Its death will not cripple authoritarian fascists, but it will make it that much harder for the proles to get access to the same tools. Remember when PGP was considered a restricted weapon? I suspect more of that type of thinking to keep it out of our hands but fully in the government's. Just look at how Mythos is being treated.

@jrdepriest @cstross @simonzerafa

Just make sure that your 401K has switched to the S&P500, as they are the only index that is refusing to take AI stocks. :D

@jrdepriest @cstross @simonzerafa

Another idea just hit me:

Make sure that you tell the people running the S&P500 that this is the reason that you bought from their indexes.

Make sure that they understand if they change their minds, then you will dump their stocks.