💥 this will end well

｢ The $155bn sum represents more than the US government has spent on education, training, employment and social services in the 2025 fiscal year so far. One economics research firm claims AI spending has contributed more to the US economy over the past two quarters than consumer spending, traditionally the biggest factor in economic growth ｣

https://www.theguardian.com/technology/2025/aug/04/tech-trillion-dollars-palantir-techscape

#ai #bubble #economy

💥 this will end well

｢ The $155bn sum represents more than the US government has spent on education, training, employment and social services in the 2025 fiscal year so far. One economics research firm claims AI spending has contributed more to the US economy over the past two quarters than consumer spending, traditionally the biggest factor in economic growth ｣

https://www.theguardian.com/technology/2025/aug/04/tech-trillion-dollars-palantir-techscape

#ai #bubble #economy

Github CEO unnecessarily exposed the huge grift behind the AI hype, unless you can manufacture FOMO no one wins, everyone in the space must hype this up 4000% otherwise the entire thing collapses, this is not sustainable.

They're afraid.

#AI #bubble

｢ 35% of the US stock market is held up by five or six companies buying GPUs. If NVIDIA's growth story stumbles, it will reverberate through the rest of the Magnificent 7, making them rely on their own AI trade stories ｣

https://www.wheresyoured.at/the-haters-gui/

#nvidia #ai #bubble

💸 Investors Are Suddenly Pulling Out of AI

｢ venture capitalists — who’ve dumped $104.3 billion into AI companies this year so far, almost as much as all of 2024 combined — are now frequently exiting through mergers and acquisitions with much lower returns on their bets ｣

https://futurism.com/ai-venture-capital-exits

#ai #bubble #market

🫧 Economist Warns the AI Bubble Is Worse Than Immediately Before the Dot-Com Implosion

｢ The difference between the IT bubble in the 1990s and the AI bubble today is that the top 10 companies in the S&P 500 today are more overvalued than they were in the 1990s ｣

https://futurism.com/economist-ai-bubble-worse-dot-com-implosion

#ai #bubble #recession

🫧 Economist Warns the AI Bubble Is Worse Than Immediately Before the Dot-Com Implosion

｢ The difference between the IT bubble in the 1990s and the AI bubble today is that the top 10 companies in the S&P 500 today are more overvalued than they were in the 1990s ｣

https://futurism.com/economist-ai-bubble-worse-dot-com-implosion

#ai #bubble #recession

🔥TOASTY

"where almost the entire tech industry has bought in on a technology sold at a vastly-discounted rate, heavily-centralized and subsidized by big tech. What happens when the entire tech industry relies on the success of a kind of software that only loses money, and doesn’t create much value to begin with?"

https://futurism.com/openai-trouble-subprime

#openai #bubble #ai

🧐 Wall Street is catching on.

“If you’re going to invest now and get returns in 10 to 15 years, that’s a venture investment, that’s not a public company investment,” Luria said. “For public companies, we expect to get return on investment in much shorter time frames. So that’s causing discomfort, because we’re not seeing the types of applications and revenue from applications that we would need to justify anywhere near these investments right now.”

https://www.cnn.com/2024/08/02/tech/wall-street-asks-big-tech-will-ai-ever-make-money

#ai #hype #bubble

😅 The braintrust of grifters assembled by Meta got no better idea than going closed source, Mark is such an easy mark for these natural born swindlers.

https://www.nytimes.com/2025/07/14/technology/meta-superintelligence-lab-ai.html

#meta #ai #bubble

｢ An unusual part of OpenAI is that everything, and I mean everything, runs on Slack. There is no email. I maybe received ~10 emails in my entire time there. If you aren't organized, you will find this incredibly distracting. If you curate your channels and notifications, you can make it pretty workable ｣

https://calv.info/openai-reflections

#openai #ai #bubble

🫧 Companies That Tried to Save Money With AI Are Now Spending a Fortune Hiring People to Fix Its Mistakes

｢ As the BBC reports, there's now something of a cottage industry for writers and coders who specialize in fixing AI's mistakes — and those who are good at it are using the opportunity to rake in cash ｣

https://futurism.com/companies-fixing-ai-replacement-mistakes

#ai #layoffs #bubble

🫧 Companies That Tried to Save Money With AI Are Now Spending a Fortune Hiring People to Fix Its Mistakes

｢ As the BBC reports, there's now something of a cottage industry for writers and coders who specialize in fixing AI's mistakes — and those who are good at it are using the opportunity to rake in cash ｣

https://futurism.com/companies-fixing-ai-replacement-mistakes

#ai #layoffs #bubble

💰 Sell the shovel

https://www.bbc.com/news/articles/c8j13m74lklo

#nvidia #ai #bubble

These bros can't go extinct soon enough

｢ Rosebud was founded in 2023 by Chrys Bader, a Y Combinator alum and co-founder of Secret; and Sean Dadashi, a UC Berkeley Cognitive Science graduate. The pair met at a men’s group, and came up with the idea for Rosebud based on their own experiences with therapy and coaching ｣

https://techcrunch.com/2025/06/04/rosebud-lands-6m-to-scale-its-interactive-ai-journaling-app/

#ai #hype #bubble

🫰 AI company files for bankruptcy after being exposed as 700 Indian engineers - Dexerto

｢ A $1.5 billion AI company backed by Microsoft has shuttered after its ‘neural network’ was discovered to actually be hundreds of computer engineers based in India ｣

https://www.dexerto.com/entertainment/ai-company-files-for-bankruptcy-after-being-exposed-as-700-human-engineers-3208136/

#ai #aihype #bubble

🎈 Grifters gonna grift

｢ Builder.ai had claimed it could use artificial intelligence to make the process of building an app or website “as easy as ordering pizza” ｣

#ai #aihype #bubble
https://www.ft.com/content/926f4969-fda7-4e78-b106-4888c8704bda