the guy who got Elon and Grimes to hook up, destroying Twitter and then Reddit

https://davidgerard.co.uk/

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Joined 1 year ago
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Cake day: June 27th, 2023

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  • I think this “AI” (a marketing term) bubble will flop per the article we linked in the post: this is a bubble fueled entirely by investors, mostly VC, throwing money into a fire of unprofitable businesses selling services at a loss that don’t actually work.

    I spoke to a pile of AI industry peons who think the VCs will get sick of setting money on fire by the end of this year. I woulda given it two years myself - there are hundreds of billions of dollars desperate for a home - but the number I was consistently hearing in March was “three quarters”.

    Maybe the Nvidia price will weather it. It took a hit when crypto crashed, though not a huge one.