this is how you harvest the ai bubble. it's like free money
this post was submitted on 11 Jun 2024
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We've had the pump, time now for the dump.
While do think "AI"-based services do have value (one simple example is video/image upscaling, it really does work like in Bladerunner), the current hype-driven cycle is clearly a bubble.
Massive hardware capex costs, I bet opex costs are also ridiculous and no clear path towards large scale monetization. They are definitely in the "corner the market" stage of enshitification, but it's not clear which use cases can be justified from a profitability standpoint.
Doesn't Jensen have something like 87m shares?
This is like half a percent of his holdings—barely news
Edit: and we just had the stock split, we could be potentially talking 0.05%
They know it's a bubble, so they're making hay while the sun shines