posted in Technology
'Big Short' Investor Expects AI Bubble Burst 'Sooner Than Later'
gizmodo.com/big-short-investor-expects-ai-bubble-burst-sooner-than-later-2000818889
Replying to @return2ozma@lemmy.world
I’d probably have better luck shorting stocks if I could trigger a (rightful) panic like this guy can.
Replying to @schipelblorp@sh.itjust.works
I’ve come to realize that I was assuming that there was a limit somewhere to “the market staying irrational”. I’m not so sure anymore
Replying to @Bustedknuckles@lemmy.world
You could argue that a heavily debt-based business that requires years and years of more debt before becoming profitable would respond to rising interest rates quite negatively, but, yeah, the whole thing is already enitrely irrational.
I’m keeping some popcorn in reserve for OpenAI’s IPO.
Replying to @schipelblorp@sh.itjust.works
But the question is whether or not they’re actively holding debt or just letting themselves get diluted through investments.
There’s more supply than demand for compute at the moment, so Microsoft is more than happy to buy ownership through Azure credits - Likewise Amazon is with AWS credits
Replying to @BlaestEgnen@feddit.dk
Oh, they’re definitely holding debt in addition to whatever else the hell is going on with their shell games.