at least financially. Doesnt matter the technology, their AI infrastructure has only one competitor, that's great for pricing power (especially the weak FTC antitrust enforcement - and by weak I mean bribe-able)
Businesses react to policy. If the ftc has a ruling the company has to comply. If the government decides you can't sell gpus to Xi you can't do it. Do companies drive policy? Yeah to a certain extent but they have no control of how the countries budget is run.
*1. Market realizes there's no way to hide the fact that these absurd valuations are nothing but smoke and mirrors.*
*2. Market crashes either by total widespread liquidity crunch or through catalyst/smokescreen.*
*3. Govt cant afford to lose AI race to China, so it bails out Scam Altman and everyone in the AI circlejerk with taxpayer money + emergency QE (further devaluing all cash by a metric assload)*
*4. Jerome Powell hailed as a hero by Senate and House Representatives for "courageously" saving the economy when tech companies, through no fault of their own, fell into a crisis.*
*5. Mainstream media blames the poor, blue collar workers, immigrants and teachers for what happened somehow.*
*6. FTC, SEC, House Committee on Oversight and maybe DOJ want someone's head for all this.*
*7. AI circlejerk companies single out a fall guy to serve time in prison while everyone else gets away richer.*
*8. Mango takes credit for saving America.*
*9. Govt swears fraud of this level will never ever happen again, pinky swear.*
**We're not even at Step 1 yet.**