When you see all the top start-ups are all “we do this, but AI”, it’s obvious we are in a bubble.
AI is buying billions on credit, backed by no equity.
I’m unemployed (thanks, AI), but I’m going to spend half of my savings on shorting the stock. go big, or file for bankruptcy.
OpenAI is fucked, no doubt about that. Both Nvidia and Microslop has retracted their hundred billion dollar deals with the company. But Nvidia is still selling their hardware to datacenters, and Microslop has doubled down on AI, they just want to do it in-house.
Question is whether OpenAI collapsing will take the rest of them with them. Perhaps the fact that the biggest player folds will cause investor fear over AI in general, but I’m not convinced, investors seems to be pretty moronic and shortsighted.