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.

  • MalReynolds@piefed.socialEnglish
    1·
    14 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valid enough, though I doubt they’ll be burning out chips (if you cool them properly and server farms do, they become outdated far before they die, even @ 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.