Surely there has to be a level of expenditure where they just can’t reasonably make this back, right?
Like the debt these hyperscalers are in to their investors at this moment surpasses the debt of entire countries, yet they somehow expect to make this all back and then some??
I mean this without trying to sound facetious at all, I think a lot of the decision makers in these companies that are pushing so hard because they believe this is their path to godhood/immortality, and no price is too great for that in their eyes
I think that may be true for Peter Thiel or Larry Ellison, but for the rest of them it’s just the same old game: riding the wave of whatever investors want to see. The actual business only matters as far as they can use it to convince investors to keep throwing money at them.
If you gave them a button that would give them a million dollars but a child would die, they’d press it without a thought. They’d press the button until there were no more children on the planet. They’d use the money to convince people to have children just so they could keep pressing the button.
IMO most of these CEOs are so excited about AI because it’s just been the best money printer in a while. Investors are irrationally interested in AI, so these CEOs will continue to find any excuse to say the letters “AI” at least until people stop sending them money for it.
I think the major investors and CEOs all privately know this is insanity but are trying to capitalize on the wild speculation as much as possible so they are publicly saying otherwise. They probably think that they will have insider information about the bubble bursting and can get out in time, and they’re probably mostly right. It’s the normies with 401ks that will be left holding the bag.
Or, they are hoping that the bubble bursts while the Trump crime family is in charge and that big tech bribes will result in big tech bailouts. And they’re probably right about that too.
Surely there has to be a level of expenditure where they just can’t reasonably make this back, right?
Like the debt these hyperscalers are in to their investors at this moment surpasses the debt of entire countries, yet they somehow expect to make this all back and then some??
So far the money they put in the hole has come back doubled every time. It’s an old scam, sooner or later if just doesn’t come back at all.
I mean this without trying to sound facetious at all, I think a lot of the decision makers in these companies that are pushing so hard because they believe this is their path to godhood/immortality, and no price is too great for that in their eyes
I think that may be true for Peter Thiel or Larry Ellison, but for the rest of them it’s just the same old game: riding the wave of whatever investors want to see. The actual business only matters as far as they can use it to convince investors to keep throwing money at them.
If you gave them a button that would give them a million dollars but a child would die, they’d press it without a thought. They’d press the button until there were no more children on the planet. They’d use the money to convince people to have children just so they could keep pressing the button.
IMO most of these CEOs are so excited about AI because it’s just been the best money printer in a while. Investors are irrationally interested in AI, so these CEOs will continue to find any excuse to say the letters “AI” at least until people stop sending them money for it.
I think the major investors and CEOs all privately know this is insanity but are trying to capitalize on the wild speculation as much as possible so they are publicly saying otherwise. They probably think that they will have insider information about the bubble bursting and can get out in time, and they’re probably mostly right. It’s the normies with 401ks that will be left holding the bag.
Or, they are hoping that the bubble bursts while the Trump crime family is in charge and that big tech bribes will result in big tech bailouts. And they’re probably right about that too.