this post was submitted on 17 Aug 2025
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Fuck AI

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The AI Industry Just Got Some Horrible News (futurism.com)
submitted 3 weeks ago by ThefuzzyFurryComrade@pawb.social to c/fuck_ai@lemmy.world
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[–] frog_brawler@lemmy.world 4 points 3 weeks ago

It sometimes feels like denial in here.

CRWV has been an options play in Wallstreetbets for a few weeks. CoreWeave doesn't make AI; they sell overpriced hardware and cloud services.

It was heavily shorted (because it’s dumb) and people were buying options anticipating a short squeeze. Hasn’t happened. They’ve moved on. More than a handful of these people don’t give any consideration at all to profitability.