Fuck AI

H100 spot prices declining from $3.20 per hour in August 2025 to $2.12 per hour as of November 20, 2025

This is probably the key metric to lead to a crash. The US empire is all in on NVIDIA other AI oligarchy, and western chip industry is all in on making only datacenter AI chips. Computers, and soon phones, will become grossly overpriced and unbuyable. Even if TSMC makes only and all of the "AI brains chips", there's not enough memory production to package them all into GPUs, and then actually less TSMC production/profits even though it is positioned as a winner no matter which hardware company succeeds. This can also crash economy and consumer inflation.

The actual worst circular financing AI deal is not mentioned, and involves an older traditional scam. If you buy 1 share in a private company for $1000, then the company boasts a PR where its new value is $1000/share. VC firms like Softbank have always done this to boost their accounting value, because they bought millions of share at $100 or less, and small amounts of new shares makes whole stake appear to succeed.

Anthropic recently made a circular deal with NVDA and MSFT investing $15B in Anthropic, but at over double its valuation. This gives Anthropic shareholders over $150B in "value". Circularly, Anthropic will be paying $30B to the above 2 companies.

xAI and StarX also made scam new valuations for each other early this year. They just swapped shares among themselves, while imagining a new $ amount for each where accounting permits the imaginary to be real.