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'Big Short' Investor Expects AI Bubble Burst 'Sooner Than Later' (gizmodo.com)
submitted 1 day ago by to c/technology@lemmy.world
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[–] 4 points 1 day ago (2 children)

Because there is no way he gets 1 Trillion in an IPO the moment their finances become public, and that is the bare minimum he needs so he doesn't get ripped to shreds.

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  • [–] 3 points 21 hours ago (1 child)

    And we already know they're due to run completely out of money sometime in 2027. And getting more users only increases their expenses, with no real path to profitability in sight

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  • [–] 1 point 18 hours ago* (last edited 14 hours ago)

    That's why i postulate that they will be bailed out, for the simple reason that the US military and 3-letter-agencies do not care if you can make money with this tech. They care about the amount of control it gives them.

    If they get bailed out it means that the Military-Industrial complex has it's fingers so deep in OpenAI and Anthropic that they wear them like a glove.

    Edit: the news actually are developing faster than i thought. Jay Clayton, a Three-Letter-Agency guy being called upon to be responsible for AI by Trump makes my prediction a certainty.

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