For sure this AI bubble is extra fucky wucky. Like, I wish I had the capital (I'm a proletariat sooo I don't) to burn on shorting some of these companies. Not that I really know how to do it properly and it's volatile and unless you wanna end up owing lots of money you can't cover you have to start with a lot since you're making very hard to foresee bets and some will not pan out.

Like, at some point this bubble will explode, nothing is really propping it up. There's not enough actual demand, the artificial demand there is won't stay forever and even the small amount of real demand isn't going to be there when companies start paying the actual cost for these services instead of it being subsidized. Almost all the money being poured into this "AI" (ie: the fancied up LLMs who's capabilities the tech bros keep on lying about) is going in a circle - it's actually madness.

It's absolutely a house of cards, but betting on a collective realization that's going to implode a big part of our economy is hard because people desperately want to believe the illusion. Sooner or later reality will come knocking and the harsh truth will come to be.

I do think it's going to make 2008 look like a joke but I guess we're going to have to crash the stock market like it's 1929 before our government decides to (once again) reign in Wall Street and this bullshit. It's like we all lost our collective minds or something, as if there wasn't a reason for the glass-steagull act to exist. Hell look at what's happening with our food supply as we've been gutting the FDA and USDA and EPA inspectors and relaxing regulations and constantly looking the other way when these big agri businesses literally shit up our food.