The entire US economy is being held up by the ultra-wealthy right now. We should be in a recession, but they’re pushing all the right buttons in all the right places to keep stocks where they need to be to keep running.
The AI bubble isn’t blindly bobbing around on the top waiting to pop, it’s orchestrated. Yes, it’s a bubble. Yes the stated value there isn’t anywhere near real. But it’s not going to pop until they let it. Investors are going to stay with it as long as they’re not scared of it going away and the ultra rich are using it as a vehicle to maintain wealth and unless they somehow screw up, it’s not going anywhere until they decide to do something different.
OpenAI isn’t too big to fail, but the Industry as a whole is too well-funded and tightly controlled to let it fail, for now.
Ah so a market upset the rich control the timing for, virtually indistinguishable from a bubble unless you’re holding all the cards, amazing analysis by HanK Green.
I have a take on that. I’m going with hank green on this one. https://youtu.be/jOR4wuiPeEQ
The entire US economy is being held up by the ultra-wealthy right now. We should be in a recession, but they’re pushing all the right buttons in all the right places to keep stocks where they need to be to keep running.
The AI bubble isn’t blindly bobbing around on the top waiting to pop, it’s orchestrated. Yes, it’s a bubble. Yes the stated value there isn’t anywhere near real. But it’s not going to pop until they let it. Investors are going to stay with it as long as they’re not scared of it going away and the ultra rich are using it as a vehicle to maintain wealth and unless they somehow screw up, it’s not going anywhere until they decide to do something different.
OpenAI isn’t too big to fail, but the Industry as a whole is too well-funded and tightly controlled to let it fail, for now.
Ah so a market upset the rich control the timing for, virtually indistinguishable from a bubble unless you’re holding all the cards, amazing analysis by HanK Green.