Comment by Tuna-Fish
9 hours ago
SoftBank selling their stake in the AI shovel company to put it all directly in the AI gold rush company is evidence of bubble starting to crack?
9 hours ago
SoftBank selling their stake in the AI shovel company to put it all directly in the AI gold rush company is evidence of bubble starting to crack?
> to put it all directly in the AI gold rush company
There are 3 facts here:
1. Softbank's nvidia stake sale has happened
2. Softbank has not put it all directly into the AI gold rush
3. 2 other investment entities have also sold most/all their stake in Nvidia
Do what these 3 facts as you will but these are ripples in the surface of the tech world
Apparently this is in the wake of OpenAI pivoting to a consumer-facing ad business, away from trying to disrupt every white collar worker on the planet. I would say that still points to a bubble beginning to pop.