Comment by mangecoeur
2 months ago
Many of the dumb ideas being hyped in this AI bubble make sense viewed through this lens.
Data centres stirring up opposition? Sell a sci-fi vision that you will move them to Space! And reassure your over-extended investors that the data centre buildout rush you’re committing to isn’t going to get bogged down in protests and lawsuits.
The people hyping this stuff are not stupid, just their real goal (make as much money as possible as quickly as possible) has only a vague relationship to what they claim to be doing.
If Arthur C Clarke was still alive, he would be much in demand as sci-fi frontperson for these.
I think that he had more sense...
At the point, it's beginning to feel a bit like the 419 scam (where you make the details deliberately absurd so as to ward off people inclined to be sceptical early, leaving you with only the easiest marks.) SMRs! Data centres in space! "phD level AIs".
You can short the publicly traded companies that do this.
No, because to do that and not ruin myself I need to know roughly when the double will burst. Just knowing it is a bubble is not enough.
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The market can, as always, remain irrational longer than you can remain solvent, or certainly for longer than _I_ can.
Like, come on, you must understand what a stupid response this is? “There is a bubble” is not a sufficient thesis to, well, do much of anything on.
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