Not just on America soil though. Any country who doesn’t get in on this should understand they are going to be left behind if they do not have AI/Cloud infrastructure in their controlled jurisdiction.
Imagine a country like Malaysia or Spain.. having their government administration or financial system running on AI out of data centers in Virginia or India.
It’s like having a potential enemy gently fondling your balls, knowing he can crush you anytime.
I fully expect this so-called AI bubble to encapsulate the rest of the world even as it dies down on US soil.
Edit: To be clear - this is why I believe there isn’t a AI bubble at the moment (even though I’m only lightly invested in it). Whatever excess inventory - other sovereigns will swoop in to grab them whenever there is room to breathe. I expect the EU to get in on the act maybe by 2028 once they do a triple vote on it.
Big financial crime = death sentence in China.
That’s y they numba one!
Did they ever catch that billion dollar bitcoin scam lady?
Edit: Also nice try OP. Just surrender yourself to the police before this goes any further
So the president of SpaceX (Gwynne Shotwell) has made it clear Elon is to be hands off. She is the one getting shit done.
Edit: Misspelled her first name.
Friend you are the only one biased here. The reason why TSLA hasn't died is because chinese EV's are banned in the US
Edit: TSLA fanboys getting emotional and downvoting lols
Eh, if Tesla is anything to go by then space x will be overtaken in about 10 years and be the least effective company in the space.
Edit: wow this triggered a lot of idiots. Tesla had a 5 year + head start (except reliability and they rank dead last) on everyone and are somehow behind in every vertical they offer.
This is part of the thing I've been working on called Verified Trader. It lets you post verified positions directly from a synced brokerage, participate in scoreboards, etc.
We won't make anyone use it but its purpose will be to give people a verified way to post stuff and prove they took a position or whatever. Give it a poke.
EDIT: Also, the main part of the app is a standalone post type for shared positions. Once you sync go to the Me -> Your Brokerage screen and click a position with a gain/loss > 5000 and you can share it.
Are LLMs useful? Sure. Are they useful enough to justify spending the GDP of Denmark on data centers every year? I’m skeptical.
And yes a lot of these companies are showing surging revenue, but the margins are often terrible and it’s fueled by eye-watering debt levels. A lot of the excitement the last few quarters was about massive RPOs and people are starting to realize those are basically IOUs that may not be honored when it’s coming from start-ups with an insane burn rate
I’m willing to concede some of these stories may be BS, but there has also been a lot of lying and shadiness coming from these companies for years, and frankly the accounting numbers some provide don’t add up, so if you take what oracle and OpenAI say at face value I’d say you’re just as naive
Edit: Also keep in mind that if oracle could prove them wrong and that the article was willfully misleading they’d sue the pants off them. We shouldn’t just assume “oh well the company denied it, case closed.” Theranos denied all the “hit pieces” from the WSJ before they collapsed, too…
Didn't take any trades today. Slept in a bit, then spent the rest of the morning putting the Christmas tree up.
Least stressful morning of my week tbh.
#first
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#I don’t post here anymore
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#This has been a cashflow update
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#u/OPINION_IS_UNPOPULAR please pin
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#u/31andnotdone show 🅱️oobs
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#okay I think that covers everything
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#edit: oh