Comment on Lifespan of AI Chips: The $300 Billion Question - CITP Blog

Blisterexe@lemmy.zip ⁨1⁩ ⁨week⁩ ago

• vacuumflower@lemmy.sdf.org ⁨1⁩ ⁨week⁩ ago

  It’s simply a robbery of those companies and the investment. More subtle than vouchers during 90s Russia privatization, but similar.

  In the Russian 90s there were those vouchers, but people who received them, 1) didn’t know what they cost, 2) had too small a value on their hands to do anything with those, 3) were in hard enough conditions to be compelled to sell them to buyers. And here’s the thing, the buyers to start were those most known and profiting. It’s the network effect we know and love, right here.

  Here 1) people hold those companies various actions\stocks\whatnot, I’m not financially literate enough, 2) do not possess any voice in corporate decisions really, these are too big, 3) the companies themselves are investing in a huge-huge bubble. Those inflating the bubble, that is, the C-suites and such, don’t know when it’ll burst naturally, but they can know when it’ll burst if they create a bubble burst situation deliberately. In case of a natural bubble burst people knowing it’s a bubble will win as much as the perpetrators, defeating the purpose. In case of an intentional bubble burst they won’t.

  I might be wrong with this doom talk.

  If I’m wrong and it’s caused by normal market expectations, then they are likely preparing for a lot of totalitarianism and genocide in the coming years, and I mean a lot, that’s the only kind of global development to be expected to warrant such investment.

  And, of course, the latter is not ruled out if it’s an intentional bubble anyway.

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