[…] Employees at Qwest had a name for the practice of filling each quarter’s gap between real revenue and the projection. They called it heroin, because each quarter required a larger dose.
The dose is $544 billion this year…..
https://nooneshappy.com/article/the-ai-bubble/
#OpenAI’s CFO said the quiet part out loud: they want taxpayers to guarantee their AI (#LLM) spending. Bosses freaked out and made her take it back.
While these companies are spending $725 BILLION a year on AI chips and data centers, betting they’ll have super-smart AI soon (#AGI), the people who actually built these systems admit the tech is hitting a wall. No matter how hard you try to market this as AI, it's just fancy next-word prediction which can't *think* or *plan*.
The money goes in circles. #Microsoft pays #OpenAI → #OpenAI pays Microsoft for cloud servers → Microsoft calls that "AI revenue." Same trick 1990s telecom companies used before they crashed, burned, and wiped out pension funds. Meanwhile USAians 401(k) is auto-invested in this stuff and electric bills are going up to cool data centers. And when it will collapse, because this much debt always does, they expect taxpayers, not them, to foot the bill.
oatmeal
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2026-05-22 12:22:43 UTC
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"content": "[…] Employees at Qwest had a name for the practice of filling each quarter’s gap between real revenue and the projection. They called it heroin, because each quarter required a larger dose.\nThe dose is $544 billion this year….. \n\nhttps://nooneshappy.com/article/the-ai-bubble/\n\n#OpenAI’s CFO said the quiet part out loud: they want taxpayers to guarantee their AI (#LLM) spending. Bosses freaked out and made her take it back.\n\nWhile these companies are spending $725 BILLION a year on AI chips and data centers, betting they’ll have super-smart AI soon (#AGI), the people who actually built these systems admit the tech is hitting a wall. No matter how hard you try to market this as AI, it's just fancy next-word prediction which can't *think* or *plan*.\n\nThe money goes in circles. #Microsoft pays #OpenAI → #OpenAI pays Microsoft for cloud servers → Microsoft calls that \"AI revenue.\" Same trick 1990s telecom companies used before they crashed, burned, and wiped out pension funds. Meanwhile USAians 401(k) is auto-invested in this stuff and electric bills are going up to cool data centers. And when it will collapse, because this much debt always does, they expect taxpayers, not them, to foot the bill.",
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