Hi journalists, it's not an "AI boom".
It's an "AI bubble".
It doesn't even matter if AI works or not (it doesn't). All the hallmarks of an economic bubble are there:
1. Hugely inflated asset prices far beyond their intrinsic value (NVIDIA is the world's highest capitalized company right now)
2. Way too much money all chasing just AI companies
3. Highly speculative behavior trying to strike it rich by waiting to sell to new investors, despite knowledge that value is highly inflated
Thomas ðŸ”✨:verified: /
npub1fn…hg6hm
2024-06-28 00:23:29
Author Public Key
npub1fntgusqs3qaaxeqfc8y8qynkpjejyks6r37fsns4rwmutgrms5vqzhg6hmPublished at
2024-06-28 00:23:29Event JSON
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