A chief economist at investment giant Apollo says the top ten AI stocks are more detached from reality than the tech titans of the 1990s were. His chart is a stark warning that history is about to repeat itself.
The industry as a whole is putting trillions of dollars into figuring out how to automate cognitive labor so they can lay off all their employees and sell everyone else AI employees. Last year the industry as a whole was $600 billion in the ground, as in they’d need to earn that much to break even on the cost. This year it’s ballooned far far further.
general purpose gpu accelerators aren’t that shit, they could always pivot to selling to dod to model small nuke exploding three gorges dam or whatever stem freaks in usa do. (and nvidia revenue was 120 billion, did they really burn 480 on electricity/supporting equipment?)
The industry as a whole is putting trillions of dollars into figuring out how to automate cognitive labor so they can lay off all their employees and sell everyone else AI employees. Last year the industry as a whole was $600 billion in the ground, as in they’d need to earn that much to break even on the cost. This year it’s ballooned far far further.
general purpose gpu accelerators aren’t that shit, they could always pivot to selling to dod to model small nuke exploding three gorges dam or whatever stem freaks in usa do. (and nvidia revenue was 120 billion, did they really burn 480 on electricity/supporting equipment?)
Nvidia is selling shovels during a gold rush. Microsoft, Apple, Google, Samsung, Meta, Oracle, and so on are flying headlong into trying to build God