Comment on Is AI self-selecting through the stock market?
Bronzebeard@lemmy.zip 6 days ago
The majority of profit is coming from the companies supplying the hardware, not the ai companies themselves.
They’re the ones selling the shovels during a gold rush.
gravitas_deficiency@sh.itjust.works 6 days ago
This statement categorically ignores the rampant round-tripping and incestuous deals and that all the big tech players are making these days. They’re spending the same dollar like 20 times and calling it all profit. It’s financial engineering at its worst and most rampant. It’s the .com bubble look like a kindergarten scuffle. The crash is going to be economically cataclysmic.