Havyhh2 on Nostr: ...the AI boom is a circular feeding frenzy ...

...the AI boom is a circular feeding frenzy ...Oracle-->META-->Amazon-->Oracle...etc....throw in a few@other billionaire lunatics....they generate little in GDP output, and consume vast resources in power , water....taking away from citizens which raises their costs for utilities, etc. The stock market is again exhibiting a character previously label "irrational exuberance" by Fed Chair Greenspan before dot-com collapse....so, brace yourselves!