Based on a sarcastic comment I made a little bit ago but kept thinking about.
For a long time now (before the current AI bubble, even), the majority of stocks traded have been performed by algorithms using machine learning.
https://en.wikipedia.org/wiki/Algorithmic_trading
Tech companies keep developing AI-powered solutions because it’s a quick way to earn money through stocks. The majority of profit in the stock market right now is coming from AI slop.
https://fortune.com/2025/10/07/ai-bubble-cisco-moment-dotcom-crash-nvidia-jensen-huang-top-analyst/
So, when the majority of stocks being traded are decided by AI, and it just happens that the most profitable investments are likewise boosting AI development, is this essentially AI using the mechanics of capitalism to self-select its own advancement?
The majority of profit is coming from the companies supplying the hardware, not the ai companies themselves.
They’re the ones selling the shovels during a gold rush.
This statement categorically ignores the rampant round-tripping and incestuous deals and that all the big tech players are making these days. They’re spending the same dollar like 20 times and calling it all profit. It’s financial engineering at its worst and most rampant. It’s the .com bubble look like a kindergarten scuffle. The crash is going to be economically cataclysmic.