Pitchbook has a new report: “AI, Megadeals, and the Making of a Concentrated Venture Market.” It spins really quite concerning news as “this is fine.” [Pitchbook; report, PDF, archive] The US stock…

Surely it’s Good, Actually™️, that all available capital is being funneled into a single technology that makes no money and demands more infrastructure than God. Surely nothing will go wrong!

  • henfredemars@infosec.pubEnglish
    41·
    6 days ago

    You misunderstand. The bet is not on AI at this point. It’s on government money printing and bailouts that will come if investors commit hard enough to failure.

    Of course, there will always be CEOs high off their own farts.

    • Dogiedog64@lemmy.worldOP
      32·
      6 days ago

      The problem with the bailout theory is it only works once. If they get bailed out, and then IMMEDIATELY crash things again, the government has no incentive to bail them out again because clearly it didn’t work. So, either way, it ends in abysmal failure and collapse. Also, who do they bail out? None of these AI companies make money on anything, and the datacenters burn cash so fast it makes your head spin. Jensen Huang? NVIDIA? They don’t need it, they’ve been profitable from the start. Same with Microslop and the other hyperscalers. So, no, a bailout is unlikely, to say the least.