The investor who bet against the US housing market in the run-up to the 2007 financial crisis has now placed a significant wager on the collapse of the artificial intelligence (AI) boom.

The investor who bet against the US housing market in the run-up to the 2007 financial crisis has now placed a significant wager on the collapse of the artificial intelligence (AI) boom.

  • cassandrafatigue@lemmy.dbzer0.comEnglish
    5·
    7 days ago

    being against governments wanting

    A thing they already had and this doesn’t help with

    but the infra!

    That burns out in like two years

    but the ponzi scheme can’t collapse!

    …

    • MalReynolds@piefed.socialEnglish
      1·
      15 hours ago

      A thing they already had and this doesn’t help with

      Sorry to necro, but I guess that should have been

      governments wanting plausibly deniable, legal implication free, actionable intelligence

      as to the others, valid enough, though I doubt they’ll be burning out chips (if you cool them properly and server farms do, they become outdated far before they die, even @ <4nm…). Ponzi, yup, sure is, in spades, but that’s the finance game now.