alt Hacker NewsThis. The OpenAI grift is to make itself too big to fail. They are playing a game of chicken ahead of the election circus. Trump must keep the market alive until November. Nvidia, Micron, Oracle, Microsoft are cooked when and if they pop.
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trinsic2 • today at 1:59 AM
IMHO everyone needs to cancel there subscriptions with all of the ai products until stuff blows over. I don't trust anyone in this industry.There is probably one person or one group behind all of these AI companies that just needs to keep the engine going until they figure out how to replace everyone with bots that can do the dirty work.
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Is there a term for such a recurring cycle in which speculative bubbles form, institutions and governments collaborate/collude to sustain them, and when the system finally reaches a breaking point the bubble collapses... leaving the public to absorb the losses while those responsible largely walk away with their pay and bonuses intact?