Just imagine some random CEO affairs would make the circular financing and SPVs implode - i.e. bring down the “AI” hype.
That would be animal spirits at work, once more.
Just imagine some random CEO affairs would make the circular financing and SPVs implode - i.e. bring down the “AI” hype.
That would be animal spirits at work, once more.
(This is also a reminder to write the follow-up to my 2025 post on what “AI” overbuild means for society more broadly: https://www.structural-integrity.eu/crashing-hard-why-talking-about-bubbles-obscures-the-real-social-cost-of-overinvesting-into-artificial-intelligence/
The post is still 100 percent valid, but I want to add something on “what does this mean for us as leftists” because there are widespread misconceptions imho…stay tuned)
@alineblankertz On X they're all "Give the man a break, he's the most visionary tech exec we have" and "When Apple replaced Steve Jobs, it nearly went bankrupt" and same with Uber and its disgusting CEO. The capitalists are defending Huang.