this post was submitted on 29 May 2026
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Fuck AI
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AI, in this case, refers to LLMs, GPT technology, and anything listed as "AI" meant to increase market valuations.
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No, because they don't actually have a giant bag of money.
They invest in companies who buy their product. But that product hasn't actually been made yet. Nvidia is writing it down as sale because the contract was signed, but no exchange was made.
So it's like me giving you 10 bucks to buy 10 bucks off product from me in two years in return for a few percent of your profit.
However, if you go bankrupt between now and actually buying my product, I will be down 10 bucks and my share of the profit.