Ryan knocking it out of the park, as usual:

"My most reasonable prediction about all of this is that an AI crash will play out similarly. Investing in an AI model will probably sound as silly as stockpiling domain names. Even if many of the big AI companies of the moment might implode and the term “AI” might even be so poisoned that it ends up being called something else, like “machine learning.” The tech, though, is probably here to stay. It may, like the humble website 25 years ago, even become more central to our daily lives, depending on what people end up doing with open source models, in particular. Before you yell at me, I’m not saying this because it’s what I want to happen, merely that there’s historical precedent. File types, protocols, algorithms, specific features, they all cause a gold rush before just being another thing anyone can add to their particular stack."

I agree with this, except I think it'll be less traumatic than the dotcom boom.. the utility of LLMs is clearly already here, just wildly oversold (and mostly in the pro models, because the free models just suuuuck every single time I try them).

https://www.garbageday.email/p/the-bubble-is-getting-a-lot-bubblier-folks

Now you can keep track of how many billions the AI companies are losing on AI. (Red is spending, green is revenue.) https://isaiprofitable.com/

#MachineSociety

Hear it from #BigTech itself:

Using #AI is more expensive than paying human employees.

https://fortune.com/2026/05/22/microsoft-ai-cost-problem-tokens-agents/

Banks seek to offload risk to avoid ‘choking’ on data centre debt: Global lenders explore private deals and risk transfers to cut exposure to AI boom

what this means is packaging up the data centre loans like toxic waste bombs, pre-Global Financial Crisis style

https://www.ft.com/content/08aba5e4-5834-4e79-a48d-989a2c5bad0f
archive: https://archive.is/GoRyM

"I knew one day I'd have to watch powerful men burn the world down - I just didn't expect them to be such losers"

The Guardian's Rebecca Shaw should be nominated for a Pullitzer price for writing this headline.

https://www.theguardian.com/commentisfree/2025/jan/16/i-knew-one-day-id-have-to-watch-powerful-men-burn-the-world-down-i-just-didnt-expect-them-to-be-such-losers