“This is the largest infrastructure build-out in human history,” Huang said of active and promised data center projects. "And so the AI bubble is, comes about because the investments are large. And the investments are large, because we have to build the infrastructure necessary for all of the layers of AI above it."
It’s something we’re sinking money into soley because we’ve already been sinking money into it, and we don’t want anyone else to get ahead of us even though literally no one has found a way to monetize it enough to make back prior investments let alone new investments…
Like, he knows that’s literally the definition of an economic bubble, right?
Is he just trying to grift dumb rich investors, or does he legitimately not understand his company could go bankrupt literally at any moment if the investor class ever comes back to reality?
That’s how capitalism works, and the fact that the people who have steeped their entire lives in that game don’t see through it is… sad, to say the least…
So…
It’s not a bubble because…
It’s something we’re sinking money into soley because we’ve already been sinking money into it, and we don’t want anyone else to get ahead of us even though literally no one has found a way to monetize it enough to make back prior investments let alone new investments…
Like, he knows that’s literally the definition of an economic bubble, right?
Is he just trying to grift dumb rich investors, or does he legitimately not understand his company could go bankrupt literally at any moment if the investor class ever comes back to reality?
Sunken cost fallacy. These ceos are nothing more than addicts.
Don’t get me wrong, I totally agree These motherfuckers would scorch our planet for profit but this… feels different.
Is not a secret a lot of the most influential Billionaires are transhumanists (Elon Musk, Peter Thiel, etc).
But hey, it might as well be a grift to get on board other unsuspecting rich fucks…
Either way, we should put these power hoarding dragons to sleep, soon!
It’s his fiduciary duty to lie to everyone.
That’s how capitalism works, and the fact that the people who have steeped their entire lives in that game don’t see through it is… sad, to say the least…