Long essay about the AI Bubble
"I believe that the generative AI market is a $50 billion revenue industry masquerading as a $1 trillion one, and the media is helping.
"The AI Trade Is Entirely About GPUs, And Is Incredibly Brittle As A Result
"As I've explained at length, the AI trade is not one based on revenue, user growth, the efficacy of tools or significance of any technological breakthrough.
"Stocks are not moving based on whether they are making money on AI, because if they were, they'd be moving downward.
"However, due to the vibes-based nature of the AI trade, companies are benefiting from the press inexplicably crediting growth to AI with no proof that that's the case.
https://www.wheresyoured.at/the-haters-gui/
"The Fragile Five — Amazon, Google, Microsoft, Meta and Tesla — Are Holding Up The US Stock Market By Funding NVIDIA's 'Future Growth' Story"
This is a bubble and when it pops, it's not going to be pretty.
Third Foundation
npub176…7zcvr
2025-07-31 00:44:07 UTC
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"content": "Long essay about the AI Bubble\n\n\"I believe that the generative AI market is a $50 billion revenue industry masquerading as a $1 trillion one, and the media is helping.\n\n\"The AI Trade Is Entirely About GPUs, And Is Incredibly Brittle As A Result\n\n\"As I've explained at length, the AI trade is not one based on revenue, user growth, the efficacy of tools or significance of any technological breakthrough. \n\n\"Stocks are not moving based on whether they are making money on AI, because if they were, they'd be moving downward. \n\n\"However, due to the vibes-based nature of the AI trade, companies are benefiting from the press inexplicably crediting growth to AI with no proof that that's the case.\n\nhttps://www.wheresyoured.at/the-haters-gui/\n\n\"The Fragile Five — Amazon, Google, Microsoft, Meta and Tesla — Are Holding Up The US Stock Market By Funding NVIDIA's 'Future Growth' Story\"\n\nThis is a bubble and when it pops, it's not going to be pretty.",
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