#Tag · bonfire.cafe

#FollowTheMoney 🧵 88/n i think absolutely noone engages with posts in this 🧵anymore and i can’t blame you - the length must be extremely off-putting! 😀but i like to have all this together, for myself i guess.

Today I want to add this great Nish Kumar interview with Ann Pettifor where they discuss her latest book, “The Global Casino. How Wall Street Gambles with People and the Planet”. Really want to read this!

(Thanks @junesim63 for sharing the interview).

https://youtu.be/gUumjm-7iYE

Photo of a book against white background

The Global Casino Ann Pettifor
The Global
Casino
O
How Wall Street
Gambles with
People and
the Planet
Ann
Pettifor — Photo of a book against white background The Global Casino Ann Pettifor The Global Casino O How Wall Street Gambles with People and the Planet Ann Pettifor

Pauline von Hellermann

@pvonhellermannn@mastodon.green replied · 3 days ago

#FollowTheMoney 🧵 89/n Kumar and Pettifor also discuss the next big financial crash, when the #AIBubble bursts

It made me wonder whether perhaps, unlike 2008, there will be civic refusal to bail out banks and butt up a defunct system once again? The world, the mood is so different now. I wonder whether those of us who want this change need to start planning and mobilising towards this moment (the AI bubble bursting), so that we don’t waste another opportunity.

$.:\dGh/:.$

.:\dGh/:.

@darkghosthunter@mastodon.social · 3 days ago

So, someone told me that he was "divesting" from northamerican companies and moving to gold and bonds, before euros and yuan.

His reason? «Once the #AIBubble explodes, the dollar is going to plummet harder than a stone»

Not a finance guy, but is this true?

#Financing #Finance #Investment #Invest #Investments #Market #Stocks #StockMarket #Stonks #AI

readbeanicecream

@readbeanicecream@mastodon.social · 4 days ago

Investors Concerned AI Bubble Is Finally Popping

https://futurism.com/artificial-intelligence/investors-concerned-ai-bubble-popping

#tech #technology #ai #artificialintelligence #finance #economy #aislop #aibubble

Futurism

Investors Concerned AI Bubble Is Finally Popping

Investors are becoming incredibly antsy about the Magnificent Seven's enormous AI spending plans, stoking renewed fears over an AI bubble.

gittaca and 1 other boosted

Frankie ✅

@Some_Emo_Chick@mastodon.social · 4 days ago

Amazon plunges 9%, continues Big Tech's $1 trillion wipeout as AI bubble fears ignite sell-off

https://www.cnbc.com/2026/02/06/ai-sell-off-stocks-amazon-oracle.html

#news #tech #technology #AI #openai #chatgpt #grok #aislop #nvidia #business #aibubble

Frankie ✅

@Some_Emo_Chick@mastodon.social · 4 days ago

Amazon plunges 9%, continues Big Tech's $1 trillion wipeout as AI bubble fears ignite sell-off

https://www.cnbc.com/2026/02/06/ai-sell-off-stocks-amazon-oracle.html

#news #tech #technology #AI #openai #chatgpt #grok #aislop #nvidia #business #aibubble

Jürgen Hubert

@juergen_hubert@mementomori.social · 5 days ago

If you need to buy servers in the foreseeable future, let me just say this:

Sucks to be you.

(Also, sucks to be me.)

#AIBubble

Charlie Stross

@cstross@wandering.shop · last week

@NewtonMark @n_dimension I've been expecting the bubble to burst since last October, but as the man says, the market can remain irrational longer than you can remain liquid.

Wulfy

@n_dimension@infosec.exchange replied · last week

@cstross @NewtonMark

Bingo.

Folks who are hoping for #AIbubble to pop are going to be disappointed.

Not because it's NOT going to happen, but because when it does, it's not going to look like like a wipe-out, but consolidation like the dot.com boom-bust.

Instead of hundreds of capitalised players, there will be two, three. Which IMHO will be worse.

LLMs are genuinely useful tech and you don't need broligarch #datacentres, I got Deepseek R2 and Qwen 2.5 Coder running on a bottom tier VPS the other day, and though performance was shit, it's just a matter of more RAM.

TLDR; LLMs are not going away, folks who use them find them useful, and you don't have to burn the planet to use them.

kim_harding ✅

@kim_harding@mastodon.scot · last week

Microsoft spends billions on AI, converts just 3.3% of Copilot Chat users
https://www.theregister.com/2026/02/02/microsoft_ai_spend_copilot/
CEO talks momentum while paid uptake remains minimal

#AIBubble #AI

Microsoft reveals just 3.3% of Copilot Chat users pay for it

: CEO talks momentum while paid uptake remains minimal

Quixoticgeek boosted

Captain Jack Sparrow

@Captain_Jack_Sparrow@mastodon.world · last week

@ChrisMayLA6

Based on its P/E ratio of 321 - (a healthy P/E ratio is around 20)
#Palantir is vastly overvalued and overhyped, why does the UK keep using such a bloated company that it doomed to fail?
It is also a central part of the #AIBubble

Emeritus Prof Christopher May

@ChrisMayLA6@zirk.us · last week

Interestingly Palantir's booming revenue & profits are being driven primarily by US business... the CEO Alex Karp told investors that there is a 'real reticence' among European countries to adopt their technology (except in the UK?) & often countries were keen to develop their own versions of Palantir's tools.

A low-key recognition that Palantir's connections with the Far Right in the USA are not doing so much for their European business?

(time to repost this diagram)

#palantir #politics

full diagram available with associated story at:
https://www.thenerve.news/p/palantir-technologies-uk-government-contracts-size-nuclear-deterrent-atomic-peter-thiel-louis-mosley — full diagram available with associated story at: https://www.thenerve.news/p/palantir-technologies-uk-government-contracts-size-nuclear-deterrent-atomic-peter-thiel-louis-mosley

Captain Jack Sparrow

@Captain_Jack_Sparrow@mastodon.world replied · last week

@ChrisMayLA6

David Chisnall (*Now with 50% more sarcasm!*)

@david_chisnall@infosec.exchange · 2 weeks ago

The other bit of interesting business news this week was that NVIDIA has displaced Apple as TSMC's biggest customer. This is interesting because it means that Apple now has a financial incentive to burst the #AIBubble.

If I were Tim Cook, and wanted to take a break from enabling fascists to run the company that I'm paid to run, I'd point at some of the papers Apple has written about limitations of AI and release a statement saying something like 'Apple has some of the smartest engineers in the business and is a leader in the AI space. We have rigorously examined the state of the art in transformer and diffusion models and concluded that these are dead-end approaches in building tools that address the kind of real-world use cases that matter to our customers. As such, we are going to limit our exposure to the AI Bubble and significantly reduce our spending on deep learning models. We will continue to build systems that improve the experience for our users with machine learning where appropriate, but will no longer be investing in the kind of large models that require huge datacentres to train'.

And then I'd watch the market panic and NVIDIA's orders collapse.

Jonathan Schofield boosted

kim_harding ✅

@kim_harding@mastodon.scot · 2 weeks ago

Google to foist Gemini pane on Chrome users in automated browsing push
https://www.theregister.com/2026/01/29/chrome_gemini_pane/
The world’s most popular browser has gained a dedicated sidebar for AI browsing

Having spent so much money on AI, Big Tech is now increasingly desperate to force people to use it...

#AI #AIbubble